Canada's Golden Tollbooths

"There is a special tollbooth located 8 hours north of Toronto near a gold mine. And every time a mining truck passes by, it must pay a toll: For each 100 ounces of gold carried, 4 of these must be paid to the tollbooth. Over $6,600. Every single time.

What's better, there's another one of these 'golden tollbooths' located 20 miles east… and still another one 100 miles farther. All told, about seventy of these special tollbooths exist in the world today.

And one company owns over half of them.

Now this company – which has already banked $600 million on a single one of these tollbooth deals – is willing to split the profits with us…"

In This Report:

  • The Greatest Business Model on Earth?
  • How Golden Tollbooths Work
  • How to Turn $2 Million Into $600 Million: An Unreal True Story of Tollbooth Profits
  • The Case for $6,083 Gold
  • When Will the Mania Begin? (3 Black Swans)
  • How to Cash in on Canada's Golden Tollbooths

Dear Investor,

What you have read above is not a piece of fiction.

In fact, it is a very real opportunity few investors know about. And that's a shame. Because this is the best way I've found to safely extract huge gains from gold's current bull run.

You see, I've been recommending this tollbooth strategy to BIG GOLD readers for a few years now, and the results have been quite spectacular…

… In 2008, as the Dow plunged 4,485 points, one tollbooth company I recommended returned an impressive +58%…

… And yet another tollbooth company topped our portfolio from 2009 through 2010, netting BIG GOLD readers an astonishing 501% gain.

However, I believe the most explosive gains are yet to come with the company I call Canada's Golden Tollbooth.

The Greatest Business Model
on Earth?

As any smart investor knows, the secret behind many successful companies lies not only in the product being sold, but also in the business model. (e.g., where would McDonald's be today without the franchise model?)

That's why I love the tollbooth model. Just like tolls on a road, a tollbooth position lets companies collect continuous streams of profits in a purely passive way.

Does the model work?

Well, let's consider traditional tolls first…

In China, there is an expressway between Guangzhou and Shenzhen – two large manufacturing cities – that has earned over RMB 30 billion in fees since it opened in 1997. This is a return of more than double the original investment. And, according to a 2008 report by China's National Audit Office, at least 35 commercial roads in the country have already collected several times in tolls (some even over ten times) what it first cost to build the roads.

And looking this side of the Atlantic…

The Florida Turnpike System raked in $600 million in tolls in fiscal year 2011, while the Ambassador Bridge linking Detroit and Canada generates an estimated $156,000 per day – or a cool $5.6 million per year. (Not bad, considering billionaire Matty Moroun purchased it for only $30 million back in 1979!)

But it's not all about roads and bridges. Here's a different kind of toll:

According to Forbes, J.K. Rowling – the woman who penned Harry Potter – has a net worth of $1 billion. Her key to riches? The tolls (royalties) she collected on millions of books sold by her publisher. Had she only been paid a single amount up-front instead of collecting smaller tolls over the years, she would have never amassed such a fortune.

 

As you can see, the profitable tollbooth business model is found in various industries throughout the world. Sometimes it goes by the name of tolls, and other times royalties. But in each case the principle is the same.

Here's how you can tell when the tollbooth business model is at play:

Every time someone gets paid ongoing profits for a one-time investment, that person has established a tollbooth position.

And these positions can be extremely lucrative, as we'll see next in the gold industry…

How Golden Tollbooths Work

Gold mining can be a very profitable endeavour – especially nowadays – but setting up a mine to extract the yellow stuff isn't cheap.

In fact, it can cost over a BILLION dollars just to build a mine and buy all the necessary equipment (not surprising, considering a single tire in the giant Cat 797 trucks used to carry gold can run north of $40,000)!

That's why, for most miners, borrowing money from a bank or giving up equity in their company often isn't enough.

http://prometheus.med.utah.edu/~bwjones/wp-content/uploads/iblog/Caterpillar%20mining%20truck.jpg

Mining isn't cheap — here we see a Cat 797B truck which sells for about $5 million. That's why gold producers often turn to tollbooth operators to help fund their projects.

They need to turn to golden tollbooth operators.

In the gold industry, a tollbooth operator (or tollbooth company) is someone who helps fund a miner's project in exchange for a cut – a toll – on all the gold produced at the mine in the future.

These tolls vary quite a bit depending on the project, but typically range between 2% and 5% (with some extreme cases going all the way up to 75%).

The great part about these tolls is that they stay attached to the mine in perpetuum – for as long as there's gold to extract from the mine. That means that even if the mine gets sold, the original tollbooth company is still entitled to its tolls.

OK, let's see now how a typical tollbooth deal works out for all the parties involved…

Fictional Example

ABC Mines Inc. is a mining company that has just discovered a one million-ounce gold deposit. They now want to extract the metal and have raised some initial money to do so, but they're still short $10 million…

Along comes Tollbooth Inc., a tollbooth company with plenty of cash to invest. They're willing to give ABC Mines Inc. the money they need, but in return, want a 5% toll on the million ounces. And on top of that, Tollbooth Inc. also wants the same 5% cut on all the gold ever produced in the future – not only where the initial deposit was found, but also anywhere else on an additional 1,000 acres of land ABC Mines Inc. owns nearby!

So at $1,600 per ounce of gold, Tollbooth Inc. stands to make $80 million ($1,600 X 0.05 X 1,000,000) from their original $10 million investment – an 800% return on investment. Plus, they'll also get 5% on any further discoveries made on the property, which (as we'll soon see) can absolutely catapult returns.

All this without ever putting up another single investment dollar again…

The 2 Golden Kickers
of Tollbooth Investments

Golden tollbooths have two "kickers" that can really drive these investments into overdrive.

In the above example, we came across kicker #1… namely, that the tolls levied by tollbooth operators often carry to acreage surrounding the mine, and not only to the mine itself.

Why is this important?

Well, this is important because rich gold deposits often occur in nature in clusters. In other words, if a miner discovers a significant gold resource, there's a pretty good chance more gold will be found nearby.

So naturally, even though tollbooth companies don't depend on these extra discoveries to make money, they always try to include the most land they can in order to maximize profits down the line.

And here's kicker #2 for golden tollbooth investments: you get all the benefits of a rising gold market, but without any of the associated costs.

Since tolls are simply a percentage of a mine's gold output, an increase in the price of gold automatically translates into an increase in tollbooth profits.

A Little Secret…
How Tollbooth Operators Get Paid

You might have guessed it already, but the tollbooth companies I've been talking about don't have actual physical tollbooths set up to collect their tolls… In fact, the way they get paid is quite simple: they just collect checks!

I used this visual in the beginning because it really drives home the passive nature of these investments. However, even though there are no physical tollbooths, these companies still get paid just as if these booths were in place…

How to Calculate Tolls
To calculate the total amount of tollbooth revenues, simply multiply the number of ounces mined… times the royalty percentage… times the gold price.

So for example, if ABC Mines Inc. was expected to produce 85,000 ounces of gold this year at a royalty rate of 2.25% and at an average price of $1,700, the revenue would equal $3.25 million (85,000 x 0.0225 x $1,700).

NOTE: Smelting charges are deducted from net revenues, but these are usually omitted from estimates since they average only about $5-$10 an ounce (and gold fluctuates more than this on any given day).

For example:

When gold is priced at $1,600 per ounce, a 5% toll equates to a profit of $80 per ounce…

At $2,000, the same 5% toll yields $100 per ounce…

And if gold were to climb to $2,500/oz., the same toll would now generate $125 per ounce, 56% more than at $1,600 gold.

As you can see, net toll profits and the price of gold are directly tied together: as one climbs higher, so does the other. (Note: we'll see an example later on where the toll percentage actually goes up as gold climbs, adding an extra dose of leverage.)

You'll also notice that nowhere in these calculations was there any mention of any of the costs gold producers typically face.

This means that for tollbooth companies, it doesn't matter if the price of oil (which fuels their equipment) shoots to the moon… if employees demand a 50% raise… or even if super-sized tires cost a whopping $42,000 a pop – they simply aren't on the line for any of these operational expenses.

In other words, for a tollbooth operator, the first money invested is also the last.

That's why I love this business. As producers get pinched more and more as inflation rages on (mining costs rose 19% in the first half of 2012), tollbooth operators can simply sit back and collect their tolls – the royalty checks they receive every time gold is produced.

It's also why, for my money, there's no safer way to get leverage on a rising gold price.

In fact, since I first told BIG GOLD readers in February 2011 about our favorite little-known tollbooth company, Canada's Golden Tollbooth, it has provided a 95% returnnearly quadruple what GLD, the leading gold ETF, returned… and considerably better than what the HUI Gold Bugs Index returned, which actually decreased by 6% over this same time period (the HUI tracks a basket of leading gold producer stocks).

And, in case you're wondering, this tollbooth player also beat the pants off the S&P 500by a whopping 1,043% [as of November 1st, 2012].

However, as great as these results have been so far, I believe it's still small potatoes compared to what's in store for the company over the next 2-3 years. More on that in a minute, but first, I want to share an amazing story with you…

How to Turn $2 Million Into
$600 Million: An "Unreal" True Story of Tollbooth Profits

How would you like to make 300 times your money?

Well, Canada's Golden Tollbooth is run by the man who first introduced the tollbooth model to the mining industry back in 1985. This man once turned an initial $2 million investment for a "tollbooth position" in a Nevada mine into $600 million of passive income. (In fact, that's just what he's made so far… when it's all said and done he will have raked in over $1 billion on this one single tollbooth deal alone.)

How did he make so much money?

Well, just like in the fictional example we saw earlier, a mining company needed money to build a mine. In this case, they had found 500,000 ounces of gold buried in the ground.

Or so they thought…

Lo and behold, a couple years later an additional 50 million ounces of gold were discovered on the property (100 times more than the original estimate)! Well, since this tollbooth operator had negotiated a royalty deal for acreage all around the mine, and not just the mine itself (golden kicker #1, if you remember), he was able to profit on every single one of these additional 50,000,000 ounces… all without ever putting up another single investment dollar.

That's the amazing potential of these deals.

You see, because gold mines don't get created in a day, their true potential is often only realized a few years later as the drilling, digging and sample-taking goes on.

Now, I'm sure you might be wondering…

  1. How likely are these types of returns?… and…
  2. What if I don't have $2 million to invest? Can I still profit from these types of opportunities?

Well, the good news is, there is a way to participate in these projects for much less than $2 million. In fact, as of today, a single share in Canada's Golden Tollbooth sells for about $50 (you simply become part owner in all its projects). And as for the returns, well, I'd be lying if I said crazy 30,000% retirement returns like these were likely.

The truth of the matter this: insane returns always require a bit of luck, regardless of where they're found.

However, I will say this: with all the new technology available today and with the multitude of old, abandoned mines currently being re-explored (because higher gold prices warrant it)… it's quite probable more and more of these jackpot discoveries will be made in the future.

In fact, one of the projects Canada's Golden Tollbooth has a toll on recently made one of these discoveries – an additional one million ounces of gold they weren't banking on. And still another project they're involved with north of the border is in an area with ideal geology (with an estimated 14.9 MILLION ounces of gold in the ground already identified)… so don't be surprised if more gold is found there too.

Again, remember that these discoveries are just gravy on top. Tollbooth operators don't needthese extra ounces to turn a healthy profit.

What About the Risks?

As we've seen before (golden kicker #2), golden tollbooth companies are not affected by the same rising production costs as the producers are. That's why I consider them a safe way to get similar returns as the gold producers (which can outperform physical gold during a bull market by as much as 300%)… but without the same risks.

Having said that, let's look at some of the risks that do exist for golden tollbooth companies.

  1. A tollbooth company only gets paid if gold gets produced. Seems obvious perhaps, but if mining were to become unprofitable (either because of excessive operational costs or a drastically reduced gold price)… a gold producer could simply decide to close up shop. And no production means no tolls. That said, the best gold producers would still make a boatload of money even if the precious metal dropped to $1,000 an ounce, so we're not too concerned about this risk.
  2. Less upside than the juniors. If you're looking for extreme leverage, then gold exploration companies (AKA, the "juniors") are the ones you'll want to look at. These companies don't produce gold yet, but are focused rather on finding profitable deposits. While inherently risky (only 1 in 3,000 deposits turn into viable operations), when a junior hits pay dirt, their stock goes skywards in a hurry. But unless you really know what you're doing here, you're playing the lottery at best.
  3. The nationalization of mines. This is a real risk every metal investor needs to be aware of. Venezuela nationalized its mines last year, and more cash-starved governments may soon follow suit. If this should happen in a country in which you have a tollbooth deal, you can pretty much kiss your tolls bye bye. Luckily, nearly 80% of projects Canada's Golden Tollbooth is involved with are located in first-class, safe mining jurisdictions (Canada, US, and Mexico).

Analysis: while some risks do exist for tollbooth operators, we believe these are minimal when compared to the upside potential of these companies. That's why tollbooth companies (and Canada's Golden Tollbooth in specific, which has zero debt) get our vote as the safest, best way to ride the current bull market.

Speaking of which…

Isn't Gold's Bull Run Dead?
Why Are We Even Talking About Gold?

US Disrepair At a Glance

  • The national debt now stands at $16.2 TRILLION (and is growing by the second)
  • It took from 1789 to 2000 – 211 years – to rack up the first $5.6 trillion in debt… and only 3.5 years to accumulate the last 5.6 trillion
  • Our debt-to-GDP ratio is 105% (meaning that we owe 5% more than we're worth as a country)
  • 10% of federal revenue goes for debt payment, a figure soon expected to triple
  • When unfunded liabilities are added in, the share of debt every American taxpayer harbors comes out to over $1,050,000
  • The monetary base is now $2.7 trillion, three times higher than it was in 2008
  • 46.5 Million Americans (15% of the population) need food stamps to survive
  • The official unemployment rate is 8%, but that figure tops 20% when you add in all the "discouraged workers" government statisticians don't report (ShadowStats)
  • We run a yearly trade deficit of $760 billion (not good should foreigners decide to no longer accept our depreciating dollars)

(NOTE: If you are already convinced gold's bull run isn't over, please feel free to jump ahead to the section, The Safest Way to Leverage the Coming Mania)

I know it's a bit scary to be talking about gold right now, especially since the metal has been stuck in the $1,600-$1,700 range since topping $1,900 in September 2011. This has led many to believe that gold's decade-long bull run has ended.

But is the show really over?

To answer that question, let's look at the fundamentals…

Let's ask ourselves: Have any of the factors that made gold reach new record heights changed in recent times?

For example, has the US economy recovered? Have the levels of sovereign debt at the heart of the crisis gone down? (Actually, they have increased almost 50% over the last four years). Is Fed chief Bernanke really done printing money?

If you follow the news even in the slightest, you know that none of these issues have yet been resolved.

For example, here's just one of the many headlines to come out of Europe recently…

Tax the Rich!

Newly elected President Francois Hollande

François Hollande, France's newly elected socialist president, has a brilliant new plan to help out his country: tax millionaires at 75%! (No, that's not a misprint – 75%.)

With great minds like these in power, is it really any wonder the Western world is struggling as it is?

 

Quite the circus.

But it doesn't get much better this side of the pond either…

The Fed just announced QE3, its latest round of "quantitative easing" (AKA, money-printing). If there was ever any doubt of how much improvement the Fed's first two rounds of stimulus had on the US economy, take a look at the US Disrepair at a Glance table I've included above.

As you can see, it's not a pretty picture.

And this latest announcement can only mean one thing for gold: new record highs will yet be reached…

Why Gold Rises
(An Extremely Brief Review)

Gold Holds its Value

Gold holds its value over time: Here's a page from the 1937 Sears Catalog. Back then, gold was priced at $35 an ounce and would buy about 20-25 high thread cotton shirts. Today, the same $1,700 ounce of gold will still buy you the same amount of shirts, while $35 hardly buys you a single tie

You see, when economic uncertainty hits and inflation increases, people flock to the safety of gold.
That's because, to this day, the yellow metal remains the best way to maintain purchasing power over time. (An ounce of gold today will buy you roughly the same amount of goods and services it bought 100 years ago.)

That's not the case with the dollar, which has lost 80% of its purchasing power since coming off the gold standard in 1971.

This is not entirely surprising since not one single fiat currency has ever survived the test of time. (By fiat, I mean a currency not backed by a physical commodity such as gold or silver.)

In fact, scour the history books long enough and you'll come across over 3,800 examples of currencies that no longer exist today!

So history is certainly not on the dollar's side.

As a result, gold has been on a steady rise in the last decade as confidence in the greenback has declined (see figure below).

the value of wealth saved in paper vs. gold

Of course, there are other factors that also affect the price of gold (such as supply and demand), but we'll talk more about these shortly.

Going Ballistic

Looking back at the US Disrepair at a Glance table for a moment, perhaps the most frightening thing of all is the speed at which everything is now unfolding…

It took 211 years to accumulate the first $5.6 trillion of debt, and only 3.5 years to accumulate the last $5.6 trillion. That's 60 times faster. Sure, our country has grown since then, but not nearly at the same rate.

In fact, a snapshot of the last 60 years will suffice to show that America's growth isn't keeping pace with spending.

Take a look:

Year Population GDP (Billions) Monatary Base (Billions) Debt (Billions)
1952
2012
157,000,000
314,000,000
2,217
13,558
35
2,635
295
15,855
% Change 100% 500% 7,400% !!! 6,000% !!!

** All numbers rounded out. Data was taken in either of April, May or June of each year.

As you can see, even though GDP has increased five-fold since 1952, debt has skyrocketed by an astonishing 6,000%… while the monetary base has snowballed even more!

From a visual point of view, these two graphs tell the same sorry tale…

 

US Debt Outpacing GDP
(Dotted lines above are extensions of trends towards 2014)

 

FRED Diagram

Clearly, debt and money supply have taken on lives of their own and are now going parabolic. It started picking up speed in 1971 when Nixon closed the gold window, and has gone really berserk since 2008 when the government decided to go into full bailout mode.

OK, I think I've rattled on about this long enough.

The point I wanted to make is that… unless the government makes some DRASTIC changes soon (and we're likely already past the point of no return)… gold isn't going anywhere – except up.

Will there be volatility on the road ahead? Sure, you betcha. Nothing goes up in a straight line.

But the important thing to remember is that this is a temporary correction. In 2006, it took 16 months to recover from a 22% correction, and in 2008, it took a year and a half to recover from a 30% drop. So, this is all just par for the course.

The Case for $6,227 Gold

Now that we've seen that (barring a miracle) gold still has further to climb, the next logical question to ask is: how much higher can gold go?

The answer to that question isn't easy, but here are the facts we know and what these could mean for the price of gold:

  • The US Treasury estimates that, should they be allowed to increase the debt ceiling yet again (and they will), the national debt will rise to about $23 trillion by 2015, 64% higher than its current limit. Should gold increase by the same amount, the yellow metal would hit over $2,788 based on today's price…
  • In the 1970s bull market, gold rose by an astonishing 2,333% from low to high point. Should gold rise by the same amount from its 2001 low, that would push gold to right around $6,227 an ounce.
  • There has been a lot of talk of late about a possible return to the gold standard. While I think this is unlikely, should this scenario occur gold would need to reach $15,000 an ounce in order to account for all the greenbacks in existence (and some speculate it could reach $200,000 an ounce to account for all the currency units in the world)!

While I can't imagine we'll see the six-figure gold-ounce anytime soon, I do believe $3,000 to $5,000 at this point is highly likely. It's not a question of if, just when.

The final stage of all classic bull markets (such as the one gold is currently in) is called the mania stage – that is when people go into a frenzy and prices climb way beyond their real value (think high-tech stock and housing bubbles of recent memory).

While it's impossible to predict what exactly will ultimately spur gold into the mania mode – QE3 could be a catalyst – here are 3 factors (or "black swans") that just might set things off…

  1. Basel III: Gold Officially Becomes Money Again

    The latest Basel III agreement (which sets regulations for banks) is set to come into effect and proposes gold be moved up from a Tier 3 to a Tier 1 asset. In plain English, this means gold will no longer be considered a risky asset for banks to hold as a reserve. And since banks will also be required to hold 50% more Tier 1 assets in total, expect the demand for gold from banks to rise, possibly dramatically… lighting a fire under gold.

  2. The Push from Asia

    A cultural affinity for gold, coupled with financial uncertainty, has led to ever-increasing demand in Asia. In fact, in China alone demand was up 10% in the first quarter of 2012 even though gold was selling 10-22% higher than in Q1 2011.

    Central banks in the region are also gobbling up gold, with the Philippines adding 32 tons in March… Thailand increasing its holdings by over 80% since mid 2010… and India now holding 615 tons in reserve… and that's just to name a few. Since there's only a limited supply of yellow stuff in the ground, this push from Asia could fuel gold's growth for years to come.

  3. When Will Fund Managers Jump?

    Institutional investors (like pension funds and endowments) make up the greater part of the investment world, and yet, most continue to be deeply under-weighted in gold. In fact, the average fund has a total exposure to gold of only about 0.3% (with half in bullion and half in stocks).

    How much gold should these institutions hold? Well, according to a study by Oxford Economics, funds should allocate between 4% and 9% to gold, with 5% being ideal. Wainright & Co. Economics, for their part, found that a portfolio with 15% of assets held in gold bullion would effectively be immune to inflation. Either way, 0.3% is a far cry from 15% or 5%. Bottom line, there's a MASSIVE amount of money not in gold right now. And once these fund managers start to adjust their allocations, gold should shoot up in a hurry.

In fact, things are already starting to change…

Central Banks became net buyers of gold last year for the first time since the late 1980s. And PIMCO, the fund that overseas over $1.8 TRILLION in investments, has totally backed away from US treasuries and has expanded its gold holdings in one fund to 11.5% of total assets… and made gold the largest position in still another fund.

Since the mindset towards gold is starting to change, the best advice I can give you is to be positioned for the coming mania now… before it begins in earnest.

The Safest Way to Leverage the Coming Mania

In order to set yourself up for the coming gold rush, the first thing you should do is own physical bullion. I'm talking about old-fashioned gold bars, and coins like the American Gold Eagles and Canadian Maple Leafs. As for allocation, shoot to keep at least 10% of your assets in bullion.

You can also put some money in a gold ETF like GLD; however, this should not be used as a substitute for the real stuff (there are concerns as to whether or not these paper products are actually backed up by physical gold).

But in order to get maximum leverage on your gold-earmarked investment dollars, I recommend the golden tollbooth operators.

As I mentioned before, two tollbooth companies topped our BIG GOLD portfolio from 2008 to 2010. And one company in particular, Canada's Golden Tollbooth, is now leading the charge… giving readers 95% gains since last year (while totally outperforming gold bullion, gold ETFs, and gold stocks all by a healthy margin).

But the gravy run is far from over.

In fact, Canada's Golden Tollbooth has deals on 25 projects in development right now, with revenues yet to kick in that could exceed $2 BILLION… and that's without an extra 139 exploration assets they have on hand that will surely yield a few more discoveries in the future.

Here are just a couple of the big projects the company currently has in the pipeline…

Project #1

Project #1 – The Next Big Canadian Tollbooth

1.8 million ounces of gold were previously produced at this "old, abandoned" Canadian mine between 1983 and 1999. However, now that gold has risen again, it has become profitable to go after the remaining 14.9 MILLION ounces still buried in the ground. This behemoth is the largest undeveloped pure gold deposit in Canada, and 1,200 laborers are currently working to get the mine ready for production in 2013. Canada's Golden Tollbooth has a 2% toll on this project, and should eventually earn revenues in excess of $20 million per year on this one deal alone.

Project #2

Project #2 – A Gold and Silver "Tollbooth Twist"

This deal is hot off the press… and features a slight twist on the typical tollbooth play. In this case, Canada's Golden Tollbooth will help pay for a mine in Central America for the right to buy gold and silver later on at greatly reduced prices ($400/oz. for gold and $6/oz. for silver). Given current precious metal prices, this will likely end up being a massive coup. In fact, a back-of-the-envelope calculation shows the company should make about $110 million annually in the first 11 years alone… and they'll be collecting for at least 31 years starting in late 2015.

As you can see, there's a lot of big growth coming up. And I'd like to give you more details about these 2 projects – and everything else you need to know about Canada's Golden Tollbooth – in a special report I've put together called…

How to Cash in on Canada's Golden Tollbooths

BIG GOLD

In the report, I'll tell you how you can easily invest in Canada's Golden Tollbooth, even if you're not Canadian.

I'll also provide an overview of all the projects this Toronto-based company is involved with, including a special sliding toll deal where their take actually varies from 2% to 15%, depending on the price of gold. As you'll see in the report, the majority of projects they're involved with are located in world-class mining jurisdictions, with little risk of nationalization.

In other words, this is a safe investment.

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In fact, Canada's Golden Tollbooth

  • Has virtually no overhead (with only 19 employees, they have a Market Cap per employee 57 times higher than Apple)
  • Has zero exposure to rising project costs gold producers face
  • Has over two million acres of land in their portfolio – an area bigger than Delaware and Rhode Island combined
  • Has zero debt

Not to mention that the company's business model provides built-in leverage to the price of gold. And with the new heights we expect the yellow metal to reach in the future, it's no wonder Canada's Golden Tollbooth is our #1-ranked recommendation right now.

You'll learn all about the company in How to Cash in on Canada's Golden Tollbooths, which also covers three other golden tollbooth plays.

The report is yours free today just for giving BIG GOLD a try.

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BIG GOLD is a leading gold and silver investment letter trusted by over 12,000 subscribers worldwide each month. We cover producers, dividend payers, tollbooth companies, and precious metal funds, as well as physical bullion.

We're committed to providing you with gold and silver stocks that are both safe… and poised for BIG growth.That's why our team spends over 300 days a year on the road touring mines all over the globe.

Here's a short sample of what we've covered in past issues...

  • The secret to buying gold for as little as $200-$250 per ounce (legally!)
  • Today's two best dividend plays, including a gold producer that has paid a dividend for 30 consecutive years…with a current yield of about 3%
  • Why people are dumping precious metal ETFs en masse… and if you should do the same
  • The two best days each month to buy gold and silver (by picking one of the right days you could save $250 on a $25,000 bullion purchase)
  • When to cash out of positions – no technical analysis needed. You'll find out why our readers were able to take profits (ranging from +21% to +178%) on several stocks in May 2011… months BEFORE the big fall-off in prices
  • The 4 stocks I'm buying my mother right now, including the best silver stock you should own (With a 133% rise in production coming, this is a double waiting to happen.)
  • The most private way to buy gold and silver coins in America today

And we also cover our favorite metal funds, special dealer discounts (we recently featured silver Philharmonics at only $2.29/oz. over spot), as well as our personal picks for the best precious metal stocks to own each month.

But rather than parade the success of our picks here (yes, it is true that we've had multiple triple-digit winners and that we are currently averaging +47.6% returns)… I'd like to invite you to give BIG GOLD a try for yourself.

That way, you'll be able to judge our success and strategies on your own.

So go ahead. Browse our past issues. Track our picks. And then, at the end of the 90 days, if you're not completely thrilled with your results, just say the word and we'll refund you every penny of your purchase price. No hard feelings. No squibs or squabbles.

The First Share is on Me…
(Surprise Bonus)

The regular price for a 12-month subscription to BIG GOLD is $149 – a steal at less than $13 a month.

Satisfaction Guaranteed!

If you are not 100% satisfied, simply cancel any time within 90 days and get a full refund. (And even if you cancel after 90 days, you'll still receive a refund of the remainder of your subscription.)

Your satisfaction is
our primary concern.

However, since I honestly believe Canada's Golden Tollbooth will be the single best company you can own over the next 2-3 years, I'm actually going to "buy" your first share for you.

That's right. While prices vary daily, share prices have recently been hovering around the $50 mark. Therefore, if you subscribe to BIG GOLD today, I'll knock $50 off your purchase price.

That means you'll get a full year of BIG GOLD for only $99… plus, you'll also receive 24/7 online access to all our past issues and our current portfolio (including breaking news updates, best buy recommendations, and our proprietary valuation ratios updated every half hour). Not to mention, when you sign up today you'll get a free copy of How to Cash in on Canada's Golden Tollbooths, our special report not available anywhere else – at any price.

To take advantage of this special offer right now, just click on the button below

Yours for bigger gains,

Jeff Clark
Editor, BIG GOLD

P.S. While I don't know what your personal reasons for investing are, I can tell you one of mine: the ability to help my family. A few years back, I started managing my mom's IRA. And since then, her portfolio has nearly doubled. My strategy? Simple, really… I just added a few of my favorite gold and silver stocks, and bought on dips. I'll show you how to do the same.

Listen: precious metal stocks are now the most undervalued they've been since the start of the gold run, and we're in for some exciting times ahead. That's why I hope you'll join the BIG GOLD family and come along with us for the ride. It's gonna be a blast.

More Praise from BIG GOLD subscribers…

  • "By far the best analysis available for gold and silver."
  • "BIG GOLD is a smokin' deal and I have recommended it to friends"
  • "Factual, unbiased writing"
  • "I have made over $50,000 in my IRA in the last 3 months"