Got some iShares GLC.G. Up 80% in 5 years. Was talking to a friend who suggested it. The way the market is I thought why not? People seem to run to gold for comfort or something in their times of trouble. Never really been a fan of it but at this point. Everything else seems f*cked. Cashed out of pretty much everything but two losers.
Gold? Gold? Bueller?
- Thread starter Robert Mugabe
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You must mean CGL.C, the unhedged CAD version.
I have a bunch of that, I thought the CAD would weaken against the USD so I went with the unedged version but CAD got much stronger and that cancelled out half the gold gains over the past 2 weeks.
I have a bunch of that, I thought the CAD would weaken against the USD so I went with the unedged version but CAD got much stronger and that cancelled out half the gold gains over the past 2 weeks.
Hey man, can you give your opinion on my thesis. With gold going up and the western economy destabilizing - I would make more money investing on gold miners instead of buying physical gold. I feel like buying the miners now is like buying the gold that is still on the ground that will cost maybe 10k an ounce, 20 years from now. Oil is also cheap relative to gold and it’s usually the highest cost for these miners and in theory, better balance sheets for the next 3 quarters. Thanks
For long term investing gold miners make sense.
I see gold as a short term store of wealth during uncertain times. Gold tends to do well during uncertain times. Once we are certain that we are in a bear market or Bull market then gold will probably do poorly.
I see gold as a short term store of wealth during uncertain times. Gold tends to do well during uncertain times. Once we are certain that we are in a bear market or Bull market then gold will probably do poorly.
My long shot is holding onto FM through the current Panama stand off over the Cubre mine site
That is showing signs of moving back to production.
Kind of hard for the government to sit on them for too long. The one mie generated 5% of the country's foreign exchange.
It helps that a part of this stake was bought back when China was in recession and we piled in at $2.25 a share.
Copper builds things.
Gold just mostly sits around as a proxy safe harbour.
That is showing signs of moving back to production.
Kind of hard for the government to sit on them for too long. The one mie generated 5% of the country's foreign exchange.
It helps that a part of this stake was bought back when China was in recession and we piled in at $2.25 a share.
Copper builds things.
Gold just mostly sits around as a proxy safe harbour.
I don’t want to buy in USD I’ll probably by Barrick or add into my B2O positions
