There are exotics that help it out, if there were no exotics that helped boost it i would have agreed with you
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But u do have to remember it adds overpenetration, the golden gun is meant to take down enemies with percision not power, meaning u take down multiple tough enemies with one shot or take down small enemies one by one
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4 shots is good for taking out groups but even with Nighthawk the 6x damage is very much lacking