Loading ...Quote from a goldbug
“Clearly, gold is never likely to reach its value in these markets.
Even if they re-valued gold to 28,000 none of this would be worth it.”
I’m beginning to believe gold – and silver – are the biggest scams of our lifetime (Bernie Madoff aside…)
GOLD WAS $300 20 YEARS AGO …SO I DISAGREE BOOMER
Gold Stocks on the other hand
Simple, basic business (pest control) with dividends re-invested: Rollins, Inc. (NYSE:ROL) — 1.27% YIELD, 3,051.74% 20-YEAR RETURN
Another basic business: Cummins Diesel Cummins, Inc. (NYSE:CMI) — 2.66% YIELD, 3,588.22% 20-YEAR RETURN
Another basic retailer – Tractor Supply: Tractor Supply Co. (NASDAQ:TSCO) — 1.88% YIELD, 4,093.87% 20-YEAR RETURN
Or something as basic as STEEL!! Steel Dynamics Inc. (NASDAQ:STLD) — 1.66% YIELD, 4,262.86% 20-YEAR RETURN
Or how about good old Johnson Controls. Nothing fancy, no fanfare, just steady building of wealth and dividend payments: Steel Dynamics Inc. (NASDAQ:STLD) — 1.66% YIELD, 4,262.86% 20-YEAR RETURN
My dad was a ferocious goldbug – until after 21010. Then he switched to solid steady basic business with continuous increases in dividends. Smart guy. Made tons more than playing around with gold/silver stocks and WAY outperformed his physical holdings in gold and silver. Smart guy. Too bad his son didn’t pay attention…
“Even if they re-valued gold to 28,000 none of this would be worth it.” Not sure what he is referring to. When he says none of this is worth it, is he referring to the agita and frustration that it isn’t reflecting it’s true value based on money creation or is there some other aspect he is referring to?
I believe he is referring to the 12 years of grind while fortunes being made elsewhere. Like these:
Simple, basic business (pest control) with dividends re-invested: Rollins, Inc. (NYSE:ROL) — 1.27% YIELD, 3,051.74% 20-YEAR RETURN
Another basic business: Cummins Diesel Cummins, Inc. (NYSE:CMI) — 2.66% YIELD, 3,588.22% 20-YEAR RETURN
Another basic retailer – Tractor Supply: Tractor Supply Co. (NASDAQ:TSCO) — 1.88% YIELD, 4,093.87% 20-YEAR RETURN
Or something as basic as STEEL!! Steel Dynamics Inc. (NASDAQ:STLD) — 1.66% YIELD, 4,262.86% 20-YEAR RETURN
Or how about good old Johnson Controls. Nothing fancy, no fanfare, just steady building of wealth and dividend payments: Steel Dynamics Inc. (NASDAQ:STLD) — 1.66% YIELD, 4,262.86% 20-YEAR RETURN
My dad was a ferocious goldbug – until after 21010. Then he switched to solid steady basic business with continuous increases in dividends. Smart guy. Made tons more than playing around with gold/silver stocks and WAY outperformed his physical holdings in gold and silver. Smart guy. Too bad his son didn’t pay attention…
You bring up an excellent point about stocks in general vs gold and silver stocks. That is why those experts who tell us gold is not an investment, it’s not to create wealth. It’s money. It’s to preserve wealth. That is why even though I often talk and trade the miners, I also talk and trade other stocks as well. Yes, the miners have been frustrating. Not an excuse, the facts, the reason is because of manipulation. One has to factor that realization into one’s mindset and investing gameplan. Can understand and respect someone if they decide to just invest in regular stocks and use physical for wealth preservation. Obviously in hindsight that was the best approach over the last five decades.
“Obviously in hindsight that was the best approach over the last five decades.”
That’s a mouthful.
The older I get, the more I appreciate how smart my dad was. I’m now 76 – he died in 2016 at 95. Was running his own portfolio until he hit 93 1/2. Then it became too much.
When I was in Switzerland in the early 1990s he had switched out of gold into the general stock market. Bought companies like Nokia, then Intel and Walmart. Just a smart guy. In 2001 he was back into gold stocks, helped me make my one and only fortune. When he turned over his PF to me at 93 1/2 he did not own a single gold/silver stock. It was jammed with Intel, Microsoft, Walmart, and some others that just kept on gushing profits and dividends.
For some reason, those insights and decision making skills did not make it to his son.
I hear you Silverboom. And I agree even though like you I became hard wired into it. Nevertheless way much more realistic these days. I checked my Ag-charts yesterday and I am targetting USD 8,00-ish 1 Oz and yes, that would be paper-Ag; possible 50% more towards double in the coinshop by that time (end-24/begin-25). I also believe that investing in any ‘miner’ will loose ALL and I repeat ALL of ones’ investment for reasons most cannot understand the reality for happening but I leave them to it.
Having said that … If you can not hold it you do not own it and such make stacking (physicals) still the only viable option next to other physical assets.