Hello kindren, am delighted to share as you have.
I have been invested in silver since 2003 and been playing with gold stocks since 2001. A present I am holding bullion, cash and a fresh gold stock play or 6 including a private gold company - not listed. I also have a property that is lightly geared, picked up at 8% of the current valuation.
I am investigating a waste management company and will be shifting distressed residential real estate assets - ex-bank not from struggling owners. Somebody has to do it.
Gold stocks are deeply hammered at present so accumulating for a time horizon of 12 months to 5 years. Bullion tightly held in secure facility with mid-term time horizon perhaps anther 5 to 7 years. May not have to sell the bullion as I believe it will gain official status as a tier 1 asset so I may use it for leverage in future instead of selling.
Will flip the properties picked up way under market prices to ensure they sell and buyers can get finance - they still might need cash if things deteriorate badly. Am to do this with a partner who has specialized skills. He has started to purchase - I have not quite as yet.
Cash is important right now IMO. The waste management will be in a specialized area. Am quietly fixing up a small country property from cash flows and adding investments as I see fit on dips. You have to live somewhere.
Still reinvesting in my business - best of all, and will trade when conditions improve.
Good luck to you, take care.
CW
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- a question for the bears
Hello kindren, am delighted to share as you have.I have been...
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