/biz/ - Business & Finance

>>19702004

Buying the miners is a valid way to invest in gold. You are buying shares in a company which owns mines which have real gold and silver in them. Nobody should buy the ETFs, like GLD and SLV, because those are ponzi-schemes, but the GDX, GDXJ, SIL, SILJ, are simply a leveraged way to invest in physical. When silver went to $50 in the last bull-market (2008-2011), First Majestic Silver went up 17x. That was standard for the mid-tier silver miners. In a few years, when the bull-market is really underway, and the fiat system is about to collapse, the mines may get nationalized by indebted governments; but, before then, a person ought to have begun cashing in some of his shares and trading them for physical bullion. I think that somebody who owns no miners is missing an important opportunity.

>>19662322

By the time it gets to $5000 in terms of today's money, inflation might have pushed it to $10,000 or $15,000. What I'm saying is that, in terms of real purchasing power, we're going at least 3x. If you want greater leverage, buy the miners, and if you want extreme leverage buy the junior miners. GDXJ and SILV might go 10x. First Majestic Silver went 17x during the last bull market.

>>19628653

You haven't actually provided an an argument in reply, simply said "Mike Maloney et al. were wrong last time therefore they will be wrong this time." As a matter of fact, they weren't wrong, since, if you bought silver in 08 and sold in 11, you made a fortune. (e. g. See picture: 17x gains on First Majestic Silver.) And, by the way, David Brady predicted the stock market would go up at first after this crash (https://www.youtube.com/watch?v=6e7LI_r4tQs)), as did many other PM-advocates (maneco64 on Youtube is another example--said the rally would last at least 10 weeks).

Either the Fed allows yields to rise and crashes everything, or it suppresses them and destroys the currency. From 2008 to the present day, yields are down from 5% to less than 1%. What are they going to be in real terms soon? -5%? -10%? Who will buy treasuries? The debt will be monetized.

>>19629250

GDX and GDXJ on the stock-market are a way to get exposure to precious metals without paying premiums and vault-fees.

>>19629315

$10,000 gold is inevitable insofar as the demise of the dollar is inexorable. Because America must either let yields rise, crash the markets, and default, which is a politically impossible decision, or hyperinflate the currency and then default. Politicians will always put off the day of judgement.

>>19629740
>>19629643

If you bought the Dow just before the Great Depression, then, adjusted for inflation, it took you 80 years to recoup your gains.

https://www.youtube.com/watch?v=ZCjWdAEh-EU

Those who bought the Dow during the inflationary 70s and 80s lost money.

>>19630083

As George Gammon says, when you adjust for the real statistics, as the government calculated them in the 1980s, we have already been in a depression since 2008.

https://www.youtube.com/watch?v=f098i4FKpK0

>>19630616

You missed the post where I advocated spending, at most, 1 or 2% of one's net-worth on crypto.

>>19632069

https://www.youtube.com/watch?v=AcM6aqWUm6k

>>19616593
>>19615843

>You need to understand that gold is just savings. It just sits there.

>If gold has the same buying power now as it did 100 years ago,what's the point in holding it?

ZwVS5hkD is correct to say that gold is money, and preserves purchasing-power, but it does still more than that. Under certain conditions, it vastly increases purchasing-power. Mike Maloney shows how, if, since 1920, you had changed between gold and real estate, moving from either asset class into the other when it was comparatively undervalued, you could have turned 1 house into 480.

https://www.youtube.com/watch?v=l-knwwD-PZc

We are about to go into an environment which is perfect for gold--one with low real yields. This is like the time when it went from $35 to $800. Gold has also never been so undervalued as it is right now.

The miners add even more leverage to this principle. When silver went from $1 to $2.5, the average small-cap miner went up 150x (not 150%). A person could have turned $100,000 into 15 million. We had a taste of this from 2008-2011. First Majestic, for example, a mid-tier silver miner, went up 17x.

>First Majestic would have turned a $100,000 investment into $1.7 million.

(Picture related)