/biz/ - Business & Finance

>>26019666

>As stated here >>26015084 gold and food are the biggest winners in a hyperinflationary crisis analogous to the weimar crisis as you can see in picrel

If gold goes up, miners must follow, it's that simple. If the ounces which you are selling become 10x more valuable then your cash flow will directly correspond, and so must the valuation of your company. Even if all fiat currencies went to zero, the miners could pay their dividends in physical metal (as Resolute Mining and Bayhorse Silver have already done, Keith Neumeyer intends to do, and as the miners commonly used to do). Unless you think that the world will become a communist dystopia, stock exchanges aren't going away, and every country on earth isn't going to nationalize its miners. Even in the Great Depression, miners didn't get nationalized, and Homestake Mining (the ancestor of Barrick Gold) went up by 600%.

>>26019737

When we get to $30 silver and $2100 gold these miners are going to revalue so quickly and so fiercely to the upside that people's hair will stand on end. Until then market dislocations like BLLG are to be taken full advantage of, and all short-term noise ignored.

>>26019885

Turn off your computer and stop obsessing about the price movement every day. The volatility and dumping on the COMEX is supposed to upset you and shake you out. Simply ignore it. By the end of the year, gold will be at least $2300 and silver $45. They cannot keep a lid on this for long.

>>26006334

Forgot to answer a couple of questions:

>Do you know if the tell me something like I own 50 oz of gold or whatever that will scale with all world currencies?

Gold will scale with any new currency which any government is able to issue after the dollar dies. Because currencies will then only have value insofar as they are backed by, i. e. redeemable into, gold or silver. If you own 30 ounces of gold, you are presently in the top 1% of gold-owners. Somebody who owns those 30 ounces of gold will stand in the top 1% of the world's wealthiest people after the death of fiat.

>So sprotts products should be as safe as physical?

If you don't want to put all your eggs in one basket with Sprott's products, consider buying mining stocks. The index for the large-cap gold miners is the GDX. It contains dozens of different gold-mining companies, so it is safely diversified. One of its largest components is Barrick Gold, formerly called Homestake Mining. Homestake went 5x during the Great Depression, even though that was a deflationary, not an inflationary event.

>gold miners jump 5-10x in value during Great Depression
>gold barely gains over 2x
>gold also gets confiscated
Why are miners considered higher risk than physical?