I went further - I bought shares in a silver mining company - no movement whatsoever for about 10 years.
I have long thought that somehow the market knows when *I* invest in something and always behaves to prevent *me* from making money.
So now it appears that it wasn't the market - it is ruthless manipulators.
My concern with silver mining stock - Mexico has a lion’s share of silver mines, and in a SHTF scenario, Mexico and other countries will nationalize mining companies within their boundaries.
I do not see a repeat of FDR’s gold grab for silver or gold today, at least in theft of individual PM holders; however, it would be very easy, lucrative and “in the national interest” for governments to seize mining companies.
A simple non-violent SHTF scenario is: Gold valuation from 1973 to the present is $42.22, with talk of a revaluation to more relevant prices, means a huge jump to at least $3000, and more likely to something like $7000 or $9000 per ounce.
“If you don’t hold it, you don’t own it.”
If I buy something and start to like it then it instantly is taken off the market or becomes obsolete.
Everyone that owns gold should send me a few dollars for my retirement because if I have to start investing in gold then some researcher will finally discover the alchemist stone and their investment would be worthless.