Well, Not exactly...It's worth more!
The 1lb. decrease in weight-very valuable, vs. the price differential, ignoring taxes, etc.:
Dragon CF - $50,000
Dragon AL - $29,000
$21,000
Whilst, 1 US pound (lb.) = 14.5833333 troy ounces
spot price of 1 troy ounce of gold on 10, September, 2013 is currently US dollars $1364.00 per troy ounce.
Multiply that times 14.5833333 equals: $19,891,67 dollars (rounded off to the nearest cent).
So...$21K (C) vs $19,892K (Au++)...
I guess another way to look at it is, the cost of carbon fiber has increased.
In the right hands and, under the right circumstances, one or the other is the right investment. OTOH, covering both options hedges one's bets...;-)
Thank you very much
Fury
The 1lb. decrease in weight-very valuable, vs. the price differential, ignoring taxes, etc.:
Dragon CF - $50,000
Dragon AL - $29,000
$21,000
Whilst, 1 US pound (lb.) = 14.5833333 troy ounces
spot price of 1 troy ounce of gold on 10, September, 2013 is currently US dollars $1364.00 per troy ounce.
Multiply that times 14.5833333 equals: $19,891,67 dollars (rounded off to the nearest cent).
So...$21K (C) vs $19,892K (Au++)...
I guess another way to look at it is, the cost of carbon fiber has increased.
In the right hands and, under the right circumstances, one or the other is the right investment. OTOH, covering both options hedges one's bets...;-)
Thank you very much
Fury