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To: nathanbedford

I made my first investment ever in a gold mining stock last week. Part of the reason being they were the worst performers of 2017 and 2013, down nearly 70%.

But a bigger reason is that we have a huge round number coming down the road no too far away, $20 TRILLION. Watch for the price of gold to move up once people realize that the problem’s of Greece, Portugal et al, along with the Debt of the USA, have not been fixed, but merely swept under the carpet.

Government can only fix prices for so long before reality takes over.


11 posted on 01/20/2014 6:28:48 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Red in Blue PA

2017=2012


12 posted on 01/20/2014 6:29:39 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Red in Blue PA
I made my first investment ever in a gold mining stock last week

Let me suggest to you that you view this as a trade and not an investment. Big difference. The miners do not trade in context with the metal itself.

So, it may be a great move, but do not "set it and forget it" like you would for an investment.

15 posted on 01/20/2014 7:27:13 AM PST by Prov1322 (Enjoy my wife's incredible artwork at www.watercolorARTwork.com! (This space no longer for rent))
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To: Red in Blue PA

I bought gold stocks (AUY, NGD, & HL) two years ago. Worst investments ever. They are beginning to slowly rebound but the 45 to 50% capital depreciation will take a long time to regain


21 posted on 01/20/2014 8:00:00 PM PST by STJPII
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