The timing for JD Hutt's (OTCBB: JABA) acquisition of Sea Treasure Recovery Corp. could not have been better as the news channels are filled today with the recovery of $350,000 in sunken treasure off the Florida coast.
That is certainly a better way to profit from gold, SPFR Gold Shares (NYSE: GLD), and silver, iShares Silver Trust (NYSE: SLV). Both the GLD and the SLV have plunged, but sea treasure recovery is very profitable. The find today demonstrates that fact of investing! Odyssey Marine Exploration (NASDAQ: OMEX) had a huge haul off the coast of Ireland earlier this summer, which is more proof of the profit potential for this industry!!.
Sea Treasure Recovery Corp. will be operating off the coast of Florida, as reported by The Wall Street Journal. That is where today's find took place. While potentially highly profitable for Sea Treasure Recovery Corp., it is not as risky as the deep water dives of Odyssey Marine Exploration. That gives the best of both worlds to the investors in JD Hutt.
It was a 17-century Spanish ship found off the coast of Florida today, near Fort Pierce, according to The Huffington Post. That is the type of vessel that the legendary Mel Fisher made his $485 million find back in 1985. Mel Fisher brought up his treasure from the Florida Keys.
For the investors in JD Hutt looking to profit from Sea Treasure Recovery Corp., there are myriad of positive factors. First is that the technology now is far advanced than it was back in 1985. The price of gold and silver is also much higher, too. While the GLD and SLV are down for 2013, an ounce of gold is still trading for a higher price than it was in 1985.
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