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RE: (VIDEO) The Fed. Promises To Continue Inflating, And Stocks Hit Record Highs. By G. Mannarino
What are you doing in miner's stocks? Why don't you buy physical gold and better yet numismatic gold coins?
I know you are right. But most of my funds are being locked into equities. I will lose a lot if I get out. All I can do is just wait and hopefully things will turn around.
I hope you were picking good miners-I've been reading textbooks from the industry (mining, mine engineering and refining).... and boy, this is a tough business to be in. The science is pretty damn hard, and I'm starting with an engineering degree and geology background. The more I learn about the mining business, the less confident I am that most precious metals stock touts really understand what's going on in these operations. It is giving me confidence in some of the miners that I have picked though, and confidence to junk other miners.
That being said, I hear you brother, I'm heavily invested in the mining space too, though I'm diversified into other resources beyond PM's. At least natural resources are something tangible that I can understand. So many companies out there are doing business in things with little to no intrinsic value.