I realize this may sound hard to believe -- especially with gold selling for more than $1,100 an ounce -- but the discount this company is offering is 100% real and is one of the most profitable ways to play the historic rise in gold prices.

 

How can this be?

 

Because this company's streamlined mining techniques allow them to mine gold for a shockingly low $310 an ounce.

 

And the company is making out like a bandit playing the spread between the cost of mining gold and the price that it sells the precious metal for.

 

This is why this stock has surged 125% in the past 12 months as the price of gold has jumped from 30% since 2008.

 

But even those great gains will look like chump change when gold prices skyrocket again and head toward $2,000 an ounce (as our research now shows it will do).

 

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As the data clearly shows, the only direction for gold prices is up. This is why China has ramped up its gold purchases by 76%, why Russia announced it is buying another 30 metric tons of gold by year's end and why the Bank of India shocked the world by buying another 200 metric tons of gold.

 

These countries know the U.S. government's high-spending ways and easy-money policy is ultimately going to send the dollar south and trigger an inflation shock the likes of which we haven't seen in 30 years.

 

This is why fund managers for Fidelity and Barclays Global Investors to BlackRock and iShares are continuing to add gold to their holdings in advance of the spike that’s imminent.

 

This is why Russia and China also have plunked down billions of dollars on gold's run toward $2,000 an ounce. This is also why the smart money is grabbing this incredible low-risk gold play as the dollar continues to drop and the signs of global inflation continue to rise.

 

For all these reasons, I'm betting the farm on GoldCorp (GG) -- one of the largest precious-metal mining companies in the world, operating mainly in Canada and South America. The company produces more than 2.3 million ounces of gold annually and has about 45 million ounces in proved and probable reserves. But don't be fooled by the name -- GoldCorp also owns 1.2 billion ounces of proved and probable silver reserves and 1.4 billion pounds of copper reserves. Silver and copper prices have been on a tear lately, and GoldCorp's diverse mining operations make it a great investment right now.

 

That's because inflation has been driving up commodity prices and gold has been surging in 2009. But recent leaps in this precious metal are only the beginning. In fact, Jim Rogers, a famed investor known for his bullish calls on commodities, recently said that gold would top $2,000 per ounce within a decade. This means the long-term prospects of GG are quite strong. This means now is the time to strike if we're looking to buy a precious metals stock.

 

In the third quarter, GG earned 16 cents per share. That was down 62% from the same period a year ago (due to a foreign-exchange loss), but almost 19% higher than analysts were expecting. The company's sales during the quarter were really strong, rising 25% to $691.9 million -- almost 15% higher than the consensus.

 

After gold prices pushed through $1,100 an ounce, GG raised its 2009 gold producing forecast to 2.4 million ounces from 2.3 million, and lowered its cost-per-ounce to about $300, down from its previous forecast of $365 in May.

 

Mining stocks are rallying on explosive buying pressure as rising metal prices attract investors to this sector in droves. And GoldCorp, on of my Top Stocks for December, is a great way to play this profitable trend.

 

You can check out my complete list of Top Stocks for December here.

 

At the time of this writing, Louis Navellier owned shares of GoldCorp in personal or client portfolios.

 

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