A good time to buy some mining stocks? I am sitting on cash and I'd rather be sitting on something tangible. I know paper isn't tangible but miner stocks may be a way to diversify.
I don't know a damn thing about investing but I need to learn. What are you folks doing? I don't want to pay the premiums for physical but maybe it is the only way to go.
Dictatorship naturally arises out of democracy, and the most aggravated form of tyranny and slavery out of the most extreme liberty." – Socrates
"Communism can be summed up in one sentence: The abolition of private property." ---Karl Marx
"Either you have the right to own property, or you are property." Wayne Hage
I don't know anything about the mining stocks either. I remember Bob Chapman used to recommend them.
I've just been getting the metals to hold.
I've been hanging out in Greg Mannarino's chatroom to see if I can learn anything... I'd like to learn more about mining stocks, but don't even know where else to go.
My elderly parents are also sitting on lots of cash and need to move it, but don't know what to do.
And I have heard that we are not supposed to keep much cash in the bank...trying to stay calm but feel a bit panicky b/c trying to also help my parents. I'm worried all of this (the economic collapse) is going to give her a stroke.
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Comments from Mannirino's chat
-I'm impressed with Barrick gold it's the only miner that's still standing
-Barrick is a good stock, it had a good PE ratio before the crash... it was 8.9 now its 7.2
So...
Is the price of wilver stuck?
“Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
H.L. Mencken
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
H. L. Mencken
Over $16.
Dictatorship naturally arises out of democracy, and the most aggravated form of tyranny and slavery out of the most extreme liberty." – Socrates
"Communism can be summed up in one sentence: The abolition of private property." ---Karl Marx
"Either you have the right to own property, or you are property." Wayne Hage
“Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
H.L. Mencken
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
H. L. Mencken
What any gains into cash would be able to be spent into at this point for me, is an unknown.
Was that gold coin spent to buy hotel in Germany post WWII a bombed out shell?
Should I buy a beach that government will only allow people on to it between the hours of 5 and 8am?
Horn (18th May 2020)