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"Chicago Bridge Ain't Falling Down"… Thanks to Warren

Subscriber Edward O. wrote in recently to ask for a follow-up to our June 3 recommendation.

This company “had been accused of shady accounting practices (by a possible short seller),” Edward writes. “The share price has suffered, and I’d appreciate a follow-up assessment.”

We think this is a clear case where we were early on a stock – but not wrong.

Let’s take a closer look…

  • Featured Story

    Physical Gold and Silver Dividends Offer Investors the Best of Both Worlds

    What if I told you there was a company that paid its shareholders in physical gold?

    Would a "golden dividend" be enough to get you interested in gold stocks?

    If not gold, what about silver?

    Neither one of these options even existed when I first started talking about them just three months ago.

    But thanks in part to billionaire resource investor Eric Sprott, today's investors can benefit from a dividend payable in physical gold or silver.

    Sprott had sent a letter to silver producers, suggesting they reinvest some 25% of their earnings back into silver, rather than in cash at the bank.

    That took my earlier discussion about gold and silver dividends to a totally new level: dividends in kind.

    These aren't paper profits, but real, hold-in-your-hand gold and silver dividends.

    For precious metals investors, these "hard asset" dividends make perfect sense.

    Today, one innovative gold and silver producer offers investors the best of both worlds.

    Finally: Physical Gold and Silver Dividends

    In a bid to gain the "first mover" advantage, Gold Resource Corp. (NYSEAmex: GORO), a low-cost gold producer, is launching a gold and silver dividend program on April 10, 2012.

    The company has already paid out $41 million in dividends to its shareholders over the past year and a half.

    But now they are offering shareholders a unique option by partnering with Gold Bullion International (GBI). GBI is a New York-based precious metals provider to individual and institutional investors, with storage vaults in New York, Salt Lake City, London, Zurich, Singapore, and Australia.

    Essentially, GORO shareholders can elect to convert their cash dividends into Gold Resource Corp. "Double Eagles" consisting of one ounce 0.999 fine gold and/or one ounce 0.999 fine silver rounds.

    These "Double Eagles" will be drawn from GORO's physical treasury and placed into the shareholder's "individual bullion account" with GBI.

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