Anyone buy PDM.V? There was news that they found massive magmatic sulphides in their Tyco Drill Program.
https://finance.yahoo.com/news/palladiu ... 00814.html
https://finance.yahoo.com/news/palladiu ... 00814.html
Jan 5th, 2021 11:41 am
Jan 5th, 2021 12:14 pm
Jan 5th, 2021 9:57 pm
Bitcoin is great too! Buy things that can’t be replicated with the snap of a finger. Bitcoin and gold have a lot in common. Gold may be more tangible, but there’s at least a scarcity to either one. The system can’t be flooded with a ton more to dilute what you worked hard to earn.thealpevin wrote: ↑ the new gold = bitcoin, buy that!
Jan 6th, 2021 2:43 pm
A recent G&M article "Gold mining insiders cash in on surging prices in 2020"PaddyM77101 wrote: ↑ Im going to give them a few more months but I’m definitely starting to lose some conviction about gold miners from here I don’t know if crypto is just stealing all of gold’s thunder but gold and silver have been the dogs of my portfolio the last few months. I’m currently 10% gold, 5% silver and 5% BM if anything I’d move 5% gold to BMs.
Jan 6th, 2021 3:36 pm
Well most of the companies listed are at or near ATHs so it certainly makes a lot of sense why people would take profits. I knew getting in that the run in gold from 1600 to 1900 is much more straightforward than the run from 1900 to 2200. I was reading somewhere that there has been a bunch of insider buying in this space too though - something the article doesn’t touch on as much.
Jan 23rd, 2021 11:21 am
Jan 23rd, 2021 11:36 am
Jan 23rd, 2021 12:10 pm
Interesting thoughts... My only basis is just through academia where you're taught of Gold as a typical inflation hedge, but perhaps these are all outdated given current environment. With all these bailouts and stimulus, but only thought was that increase in money supply would increase inflation and that it'd be good to hedge against it (via gold). But it was just odd that even with so much stimulus to date, you don't really see gold moving all that much. Perhaps crypto really is indeed the new gold as a potential hedge.xgbsSS wrote: ↑ Just keep in mind, my opinion as I know there are very knowledgeable people here that would disagree, but I believe gold is a poor inflation hedge.
Gold I find moves more on crowd-based hype rather than true concerns on inflation or currency concerns. Sure, governments are issuing currency, but this assumes that the central bank is the one issuing the most currency in an economy. But when most of the currency in circulation is commercial banking and fractional reserve, in times such as this where people are concerned about their futures, rather than spend money, we are seeing people pay off their debts and save, although some people are increasing debt of late with further declines in interest rates. Besides, gold went from 1500 in Nov 2019 to 2000ish in the 2020s, are we to really say that prices of items went up 33%? It doesn't have to be perfect, but a true inflation hedge should at least generally keep up with the inflation rate. Additionally, many people are subscribing to utilizing cryptocurrencies as the new inflation hedge which I believe is dampening the demand for precious metals.
I think gold already shot up too much to expect it to shoot up again. Of course if the economy has more bailouts such as $2000 cheques from Biden and people get further concerns about people speculating on GME options and perhaps loss in confidence with cryptocurrency (as we see the sell off of late), you might see another swing in gold upward.
For me, gold doesn't have a place in my portfolio. The only time I owned a gold stock was a trade on Terranga Gold, but that was a company when gold was low price. The company at the time had zero debt, and still profitable. I sold way too early (of course :P) but I still made money. My basis of owning companies should be based on their profitability and management. Be careful to relate that to the price of the commodity they sell. Similar to electric cars, there are many new players. Just because it sounds promising, doesn't mean the company is managed well. We have seen this with oil companies after the bust, as well as weed companies as well There will no doubtly be winners and losers. If you choose a gold company, choose one based on their earnings and management, or not if you are trading on momentum.
(note: this is not an endorsement to buy Terranga Gold. I have no clue about their position at the moment, although I am sure the increased price of gold and solid balance sheet has led to their current price success).
Jan 23rd, 2021 12:15 pm
Jan 23rd, 2021 12:28 pm
Jan 23rd, 2021 1:01 pm
Modern academic and economics don't say gold is an inflation hedge, rather there are economic theories that say it can be. Very different. It worked as a control if you were to have currencies based on gold standard, but that is because you are legislating gold has value. With modern economic and monetary systems and controls in place, the place of gold has waned overtime as confidence in modern systems has been established. Really the only demand that has increased is jewelry and cultural demand with population growth and higher incomes where it is prized.Pho6 wrote: ↑ Interesting thoughts... My only basis is just through academia where you're taught of Gold as a typical inflation hedge, but perhaps these are all outdated given current environment. With all these bailouts and stimulus, but only thought was that increase in money supply would increase inflation and that it'd be good to hedge against it (via gold). But it was just odd that even with so much stimulus to date, you don't really see gold moving all that much. Perhaps crypto really is indeed the new gold as a potential hedge.
Price of gold movement always has been a little random to me... gotta be very patient...
Jan 23rd, 2021 7:00 pm
Jan 28th, 2021 10:09 am
Jan 28th, 2021 10:28 am
Jan 28th, 2021 10:31 am
Jan 28th, 2021 10:32 am
Jan 28th, 2021 10:35 am
Rosenberg said to buy pipelines. That doesn't erase their decades long history of destoying wealth.
Jan 28th, 2021 10:38 am
I've been long silver via phyzzzz. Sitting on my nice little Scotia Mocatta 10oz bar for over 9 years. Contributing to the cause and underwater. Picked up some SLV for the WSB.ayellowbanana wrote: ↑ Silver is being talked about in wsb
Jan 28th, 2021 10:41 am
The Bass brothers thank you.
Jan 28th, 2021 10:44 am
Only liars get it right 100% of the time.
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