>>I'm bullish AF, but under what circumstances would we see miners hit high multiples of their 2011 ATH's?
Explained how this may be the case in this post:
"When silver doubled between '62 and '68, the average silver penny stock went up 160x. If we revert to a GSR of 1:15 silver will do much more than double, -- inflation-adjusted for the 1980 ATH, it would be $600 today -- so 100-400x for companies like Impact is completely possible to me. Even companies like DSV, with market caps of half a billion, could go 50x and become the Kirkland Lakes of silver."
It's also interesting to note that, in the 2001-2011 bull market, the _index_ of _all_ gold stocks, including bad miners and large caps, went up 1700%.
John Price
That's the idea. Don't see how miners would go under. Hell, their owners would probably become the new lords of the age.
Nathaniel Price
shhh my penis can only get so erect
Adrian Wood
Eric Sprott is going to be far richer than Jeff Bezos. He may become the world's first trillionaire. He has a $62-million-dollar position in Discovery Metals alone.
Jaxon Campbell
boomer here. Nobody knows. I got fucked in the last crisis by buying gold at 1500 when everyone said it was going to moon like they are now. I since bought when it was cheaper so I'm sitting good, but, expect the possibility to have some very heavy bags for a long time. The fact of the matter is the gold and silver bugs are a bunch of alarmists and are basically worthless to listen to. You should listen to you. If you are stacking for a long time horizon, then do that. I think in a time horizon of 20-30 years it's a good investment.
The mining stocks you are asking about are volatile and you might have your lunch handed to you on those. All about risk tolerance.
Tyler Turner
it really doesn't an action being boring to you does not make it an unwise action... I wouldnt tell someone to learn how to play poker by starting in a casino with real money...
Some lessons are cheaper then others user, stonks are for monies not entertainment.
Carson Baker
they're gonna get milk spots and theres nothing you can do about it bud
Nathan Torres
milk spots come off with a soft white pencil eraser, dont worry about it.
Luke Moore
more than the big other mints?
Ryder Allen
What’s scaring me right now is how unable DC is to spend more money. I never in a million years thought that inflation would be stopped not by an unwillingness to print, but rather an inability to agree what to print FOR. And during the one time where probably even gold bugs agree you need to do more stimulus, after decades of spending trillions on unpopular garbage wars that nobody liked. Clown world.
Jacob Rogers
The 2011 run was much different than this- there's a pinch on supply in addition to wild money policies - buckle up
Christopher Thompson
yea it seems like it >replacing milk spots with scratches
Guys seriously, no BS, will I lose everything going all in on small cap junior miners?
Hudson Peterson
No, the good days more than make up for the short term pain. Up about 20% for the year.
Robert Evans
It's not likely something we're going to be able to anticipate. I'm not saying I'm some expert investor (although I have done fairly well, at least out performed the market by a few % especially if you include tax efficiency, over the last twenty years), I'm just saying that there isn't a whole lot new going on now it's just in a new scale. When we did the post 2008 QE that was crazy also, we just keep reaching new levels of crazy. Clown world has been around for a while.
Maybe this time is different, I'm just saying don't count on it. Buy a certain amount each year and forget about it. There were wild money policies in the last crisis, and the pinch in supply was the big call to action for people to buy in the last run up.
We also don't really know how bad corona is yet. The 2008 crisis really started in like 2006. I realize corona isn't the same thing, but, where shit really shits the fan is not when the incident happens - corona or house prices going down - it's when it starts to test the increasingly leveraged financial systems in new ways. So in that timeline we are only in late 2006. Right now we also have an interesting circumstance where we don't have a tight group of people that need a bailout (yet) like the banks and AIG were - where we could really pinpoint where to spend to save the day - now it seems to be spread across a myriad of different industries and small, medium and large businesses.
Adrian Bell
Yes
Justin Foster
Don't go all in man, unless your last name is Sprott. 70% physical, 30% paper of which 15% speculative is what I go by.
Kevin Thompson
How based is this one, kind of tempted, saw it sometimes in this thread
Stocks always have the possibility of going to 0. Physical does not.
Hudson Martin
Eh I think direct payments of $1200 and basically free loans for every small biz in America were “something new”. In 08 I think the direct payments were like $25 a week. I just don’t think that DC, especially the Rs, understand how important continued support of that nature is. You can’t have an economy where the average person is living paycheck to paycheck and then prevent them from collecting paychecks for 6 months. $1200 ain’t gonna cut it.
Aaron Roberts
God, Church, ammo, food, water, silver, gear. To divide these in cost is to unite them under God.
Benjamin Wood
Your fear is one of the best arguments for investment. Nobody is afraid of Tesla or the QQQ. Bull markets climb a wall of worry. Mainstream stocks are more overvalued than ever before in human history, while miners are more undervalued than ever before in human history.
The fundamentals are as plain as day:
Can the governments of the world ever escape their debt-traps? No.
Does this mean that paper-currency must go to zero? Yes.
What becomes the only safe haven when paper-currency is going to zero? Precious metals.
What are premiums like where you guys are at right now? In USD I can get silver Philharmonikers at 31.78 a piece, Belgium.
Grayson Hill
I have done this many times, a soft white pencil eraser never scratched anything. You need to clean off any dirt on there first or pressing the dirt into the coin will scratch it, but the eraser wont.
Aaron Moore
That's cheaper than in Austria itself, kek. Privat sellers might go down to to 30-31 USD. but dealers are beyond 32 and maybe even up to 35
Alexander Carter
I only have silver mining stock and want to get a little bit into gold. If you were to recommend one gold company, which would it be?
Depends on what risk you're looking to take. Low risk, get a royalty company, Franco Nevada or Wheaton PM. Maybe a senior like Barrick or Newmont.
High risk, some of the other people here know a lot more about the juniors.
Xavier Hill
>Stocks always have the possibility of going to 0. False. Nobody would sell at zero (give something away for free) while paying transaction costs. There's always a minimum but it never goes to zero.
