Aurelia metals: reach the peak, page-138

Nothing even remotely close in the whole world tbh... there are a few companies in China that are trading at similar fundamentals and slightly weaker earnings, but they could be fudging their numbers for all we know...

In terms of previous comments re. mining stocks being not ideal due to them not being able to control metal spot prices, I agree with this comment. Having said this, we really should take note of the tailwinds in our favour:

- the US bond yield curve has recently inverted
- US equities are having a panic selloff
- companies have borrowed way too much to buyback shares - soon the days of cheap money will be over
- if they don't raise rates, inflation will be higher than wage growth
- China has stopped buying US treasuries
- 2/3 of the world's gold has already been mined up - after the remaining 1/3 is mined up, that's it - it's a finite resource
- we're WAY long overdue a recession
- the next crash will be inflationary, because every central bank has been printing money like there's no tomorrow
- copper is at all time lows
- two of the largest gold miners have consolidated - typically signs of being close to a bottom
- nobody even wants to touch gold right now
- crude oil is nearing $80 per barrel
- a lot of people are feeling pressures of inflation
- wage growth isn't keeping up with inflation

Based on all of these factors, whilst nobody can predict the future, it'd be silly not to invest in a company like AMI, especially because it's:

- probably the world's lowest AISC
- minimal casualties and fatalities
- mining and processing is within close proximity to each other - good logistics
- no international labour laws e.g.: compared to African miners
- solid MD
- great board
- solid reserves
- most likely 10+ years of provable resources ahead

In addition to this, we should seriously consider putting 8 - 12% of our portfolios into physical gold/silver. Just look at what happened to Venezuela - inflation was >13000% but gold and silver prices were up >14000000%! If this is not proof that gold and silver protects against inflation/hyper inflation, I don't know what is.

I'm going to be building up an 8% holding of gold in my portfolio, then increase this holding if gold drops (which probably will be the case in the short term, due to US interest rates and bond yields increasing).

DYOR.