You are viewing a single comment's thread from:

RE: Crypto BLOODBATH - Yes, You Should Have Bought Gold Stocks

Dear Crypto Investors,
Welcome to our world. PM investors have been putting up with these price swings since 1971. Did you really think the Fed, Banksters, and Govt. Goons would give you a free pass? Hang on for your lives because it does not get any easier.

As for Gold and Silver stocks, I would be very careful before wading into that cesspool. I'm also strictly a physical stacker, no more mining stocks for me! I dabbled with mining stocks about 10 years ago and I really got disgusted with the whole sector. Exploration stocks (while a very few have gone to the moon) are mostly filled with scammers and scumbags. As they say in Star Wars, "You will never find a more wretched hive of scum and villainy. We must be cautious.".

If your companies are in the US or Canada, they get taxed and regulated out of business. If they are in South America or Africa, they get nationalized by tin-pot dictators.

But the worst of the worst of the worst are the "newsletter writers". They come across as delivering political commentary, but in reality are just pumping penny stocks.

I quit the mining sector and am almost exclusively physical. If I cannot hold it in my hand, I don't control it.....therefore I don't own it.

Sort:  

Everything said above is spot on. Holding the refined, ultimate product of mining companies in your hand, i.e. Gold and silver bars and coins is the smartest play there is. No third party liability, no negotiation, no recurring fees, no arguments! Just the real deal 6,000 year old proof of stake.

Got Bullion?

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.033
BTC 71181.66
ETH 3647.17
USDT 1.00
SBD 3.75