Loading ...The Bottom Line Regarding Gold & Mining Stocks
We have discussed the absolute negative sentiment regarding mining stocks and this post from TDG is just more of the same. Given everything we know(and don’t know) I would say one should come down in one of two camps. We here all agree that having physical gold protects wealth and purchasing power and holding it is a no brainer. So the two camps comes into play regarding mining stocks. If everything were equal in terms of the past history of the US economically, I would say mining stocks were a screaming buy, maybe the best ever. But things are not what they were in the past. If you believe that “The Great Taking” has a significant chance of becoming reality, you should be exiting all stock positions and not adding even an undervalued group like the miners. If you dismiss the chances of that being reality you should probably be loading the boat with mining stocks. Since I believe he laid out the case for it’s eventuality, I won’t be adding miners except for occasional short term trades. I will however continue to hold all my deep under water lottery tickets accumulated over the last 3-4 years.
FWIW: Armstrong believes the great taking across the board, will not occur, as the military personnel would also be stripped of their financial investments. What military would support a government that just cleaned them out?
Instead he forecasts selective defaults, eg defaulting on China treasury holdings in a war scenario. They have already done this with Russia and are trying to seize $300 billion in overseas assets.
We are a loooong ways from “the great taking” if in fact there ever is one. We’ve been slowly bled for many years already. It’s a false “prosperity.” Leave it to markets to sort it out.
And there are always markets, even when they closed the banks and confiscated gold.
We have a very long ways to go, and the battle is almost fully engaged. I’m not willing just yet to throw in the towel and declare Big Brother the winner. Converts are being won every day, and not much is going in the other direction.
Remember the markets collapsing during the covid scare? You could have bought calls on just about anything of value for pennies – and gotten rich two years later. Almost anything you bought when oil price plunged below zero and you would be a very rich man today.
When things happen now, they are very compressed because of the advent of the internet and alt news sources. By the time legacy media gets to it, the story has already been told and changed completely from its beginning. The warriors have been aroused and more are coming.
Hey if you want to be an optimist, I have no problem with that. I am an optimistic realist. As long as you have your physical to fall back on you can gamble that everything else will be like always. I have seen enough in the last three years to believe it isn’t the same country. We may(hopefully) come back but there is likely a dark period to come first.
I don’t see selective, it is all or none. The military won’t be able to do squat. Did they get exempted from the kill shots. No they were harrassed into it or stripped of their jobs and benefits. They may be suing now to get reinstated but the damage was done. The whole premise of the GT is the laws have been changed to facilitate it.