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12/04/21
13:39
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Originally posted by lewinsky:
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The following is a list of gold shares who have increased over 500% in the past year. A1G 586% ADN 835% ADV 800% ANX 1040% ASO 694% BTR 1000% CHN 1008% EM2 806% FFR 523% HWK 925% LCY 1350% LEX 660% NAE 750% PDI 1167% PUR 2315% SI6 850% SRN 1150% VKA 708% WWI 790% I am sure there are many others. So would you ignore these gold mining shares that pay no dividend,have no p/e and are exploring a yellow metal that has no value according to some? Would you rather be invested in Westpac or some other nanny banking share? Would you ignore these and spend ten years of your life bagging gold, posting misleading charts and telling people about peter Schiff moving to Puerto Rico ad nauseum Would you rather own some of these where you pay no CGT in NZ or a rental property where you may get your property trashed by a tenant and now no longer get an interest deduction? Don't think too hard.
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It's a well known fact, maybe not to you though, that far more people lose money on shonky gold shares than make it. I could make a list of gold shares that have evaporated, but all you need to do is check what gold shares gold bug Ron Paul owned to see how to lose a fortune. You know how to make a make a small fortune on gold? Start off with a big one.
Last edited by
Skol :
12/04/21