/biz/ - Business & Finance

>>30183646

>>30183626
It's not true until one day you wake up and it suddenly is

>>25214608

Gold miners are a speculative investment, Bitcoin is a speculative investment. That is the correct comparison. Gold is money and a store of value. You put your gains into gold to preserve them. You don't do that with Bitcoin, which can collapse at any moment for any reason, and inevitably will collapse when fiat collapses.

>>25214702

Complete falsehood to describe Peter Schiff in this way. He started his gold company to help people. His clients kept getting scammed by numismatics and premiums, and he wanted to offer them bullion at spot price. He was telling people to buy gold at $200; price got to $1900 in 2011. He also made a fortune in mining stocks from 2001-2011, when the index alone (which includes bad miners and large caps) went up 1700%. He kept his clients out of the Dotcom Bubble and Housing Bubble, and has stuck to his Austrian principles all through this long bear market, despite the ridicule and disdain of shallow commentators like you. Correctly predicted that the Fed couldn't raise interest-rates, was proven right in late 2018. Only reason why he was wrong about Bitcoin is because the system (of which BTC is a beneficiary) should have collapsed long before now. Schiff never expected the bankers to go all the way and literally destroy the U. S. economy and the dollar, simply to prop all the bubbles up. But we are at the end of things now. His predictions from 2011 will now come true. Real yields on the ten-year are deeply negative and interest-rates can never go up again (as we saw in 2018). There is no coming back from the brink this time.

>>25209800

Don't know if you saw my post in the last thread, but wanted to make sure you saw this correction, since my memory was wrong about the zinc. This is the actual resource estimate for Pacifico:

"Sorby Hills is supported by a significant large, near surface Pb-Ag-Zn deposit. Mineral Resource of
44.1Mt at 3.3% Pb, 38g/t Ag and 0.5% Zn and Proved and Probable Reserves of 13.6Mt at 3.6%
Pb, and 40g/t Ag."

https://www.asx.com.au/asxpdf/20200825/pdf/44lvwq200qv9ct.pdf

Curiously, seems that they actually now have even _more_ than 60 million ounces of silver. That's more like 80 million ounces. (57.7 mt at 40 g/t).

Again, still interesting to compare the above resource estimate with Tinka Resources, 7 billion pounds of zinc and 60 million ounces of silver, $75 million mcap (vs Pacifico $68 million), trading at 1% of resources when 5% is standard.

>>25209534

Thank you, love to hear about this kind of thing.

>>25209800

Thank you, wish the same to you and yours as well. I am always grateful for all the interesting questions which you ask on these threads, and the points you make. I think that most of the explorers are vastly undervalued right now. It is useful to compare Pacifico with e. g. Tinka Resources:

Tinka Resources has 40 million ounces of silver, along with 7 billion pounds of zinc, $20 million in cash, no debt, but it continues to trade at a $75 million mcap

Pacifico has (I think) 3.5 billion pounds of zinc (?), (but I don't know that for certain), as you say, 55 million ounces of silver, in a better jurisdiction, trades at $68 million mcap.

So Pacifico and TK seem to be comparable. TK has more zinc, but Pacifico more silver, and Pacifico is in a better jurisdiction.

TK is only trading at 1% of resources, and should go 5x simply on the basis of fundamentals alone. Everybody agrees about this in the ceo.ca chat. So seems that both TK and Pacifico are both simply undervalued at the moment, just like most silver stocks.

>>25209788

Deso also did a really good interview just recently where he summed up his views on Tether and Bitcoin. >>25193583

>>25209556

I prefer IRV and ELO, because both are silver stocks (ELO more so than IRV, which is gold-silver). LIO I think is simply a gold stock, and I try only to buy silver stocks. I only make a handful of exceptions for some really undervalued microcap explorers, like Genesis Metals.