Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

gold, page-94893

First 94893 Last

Share
Profile

Follow
Just4kicks

4,444 Posts.

756

26/04/21

13:22

Post #: 52723361
Share

Originally posted by 23skidoo: ↑

By "gold stock investor", do you mean you own mining company stocks or a gold ETF, or both?

I think cashed up producing gold miners are a good bet, but not explorers.

Regarding ETFs such as GLD and SLV, they are paper derivatives, There is a story to be absorbed here. I recommend that you research the material produced by John Adams, at adamseconomics.com.
these funds use the fractional reserve system for their metals holdings, meaning MANY shares in the fund are making a claim on the same ounce. hence in the event of a run on metals, these funds will be "caught short" (like a run on a bank). there is huge counterpart risk.
An exception might be the Sprott ETF, which apparently fully backs its investors with metal.

Expand

I've watched a few John Adams interviews recently and he's really trying to cut through the crap at Perth mint lately which is fascinating as they can't seem to deliver bulk orders even of allocated. Go get em John haha

Value at posting: $1,391.7
4 Upvote

1 Great analysis

Reply

Top Stories

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

TYX

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

First 94893 Last

Add GOLD (COMEX) to my watchlist

SPONSORED BY