| Account | Shares | Price | Value | % of acct | Cost/sh | Gain $ | Gain % | Target |
|---|---|---|---|---|---|---|---|---|
| 401K | 21 | $41.75 | $877 | 0.04% | $44.62 | $-60 | -6.4% | — |
In short: Another Sy Jacobs name (the vertically-integrated precious-metals ecosystem, ticker GOLD — not Barrick): "one that has pulled back lately is GOLD, which might be a great entry, or dollar-cost-averaging, point." A Haymaker Buy-list holding (rated SB), now ~$37.16 vs a $47.01 cost (~−21%).
This "GOLD" is not Barrick — it's Gold.com, the precious-metals retailer and services company formerly named A-Mark (it took over the GOLD ticker). It's yet another Sy Jacobs idea, and unlike the insurance names it has recently fallen. Hay's one-line take: the pullback "might be a great entry, or dollar-cost-averaging, point" — meaning it could be a good spot to buy, or to buy gradually in installments so you're not betting on catching the exact bottom. It's already a holding on the Haymaker buy list; he's simply flagging the dip as an opportunity to add.
In short: The third held value-gold name (with Alamos), and a comp on the July miner sheet where KGC screens cheaper on price/FCF, fwd P/E (7.7× vs 8.9×) and FCF/oz ($1,488 vs $1,050).
Full passage: premium transcript (PDF).
In short: Pick of the Week — Sy Jacobs' "Super Investor" idea (first flagged 12/15/23 as A-Mark/AMRK; renamed Gold.com/GOLD on 12/2/25), revisited after a correction. A vertically-integrated precious-metals ecosystem: retail (JM Bullion, GovMint, Stack's Bowers, Monex — 20+ brands), minting (Sunshine), wholesale trading, logistics (A-M Global Logistics) and metals-backed lending (CFC; services = ~40% gross profit). ~$1.3B cap, ~13× EPS; Barron's PT $66 (~40% upside); latest qtr sales +136% / profit +77%. Catalysts: $150M Tether stake (future customer for a US gold-backed stablecoin), silver curve un-inverting, ~5×-EBITDA acquisitions, 12.5% short interest + tight float (insiders 18%, Tether 10%) → squeeze potential, a new all-time-high breakout. Earned $6.35/sh in 2023, seen exceeding that. "Just buy the stock!"
GOLD is the new name (and ticker, since December 2025) for A-Mark Precious Metals — and despite the symbol, it is not the gold miner Barrick. It's a one-stop precious-metals business that touches almost every step: it sells gold and silver coins and bars to the public (through well-known sites like JM Bullion and Monex — 20+ brands now under GOLD.com), it mints branded bullion (Sunshine Minting), it trades metal wholesale, it physically stores and ships gold (A-M Global Logistics), and it lends money secured by metal (Collateral Finance Corp). Those last two "service" businesses throw off about 40% of gross profit as steady cash flow. The whole company is worth only ~$1.3B and trades at about 13× earnings; Barron's just called it a buy with a $66 target (~40% above today), and its latest quarter saw sales jump 136% and profits 77%. It was originally pitched by an analyst Haymaker dubs a "Super Investor," Sy Jacobs, and is up ~94% since April 2025.
Several things could push it higher. The crypto giant Tether bought a $150M (~10%) stake and plans a US dollar stablecoin backed by gold — which would make Tether a big paying customer of GOLD's storage and shipping arms (Tether is already the largest non-government holder of gold bullion). The silver market's pricing structure has shifted back to normal, removing a drag on profits. Recent acquisitions were made cheaply during the metals downturn. And with a chunk of the stock sold short and relatively few shares freely trading, a strong earnings report could spark a "short squeeze" (forced buying that drives the price up fast). Sy even calls it "a free call option on political instability" — fear and turmoil tend to send people buying physical gold, which is great for GOLD's volumes. The stock recently hit a new all-time high, meaning no prior owners are stuck waiting to sell at a loss overhead. Haymaker's bottom line is unusually blunt: "just buy the stock!"
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Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.