I detest Cryptocurrencies. Reckon they are for money launderers, crooks, dingbats and overnight wealth seekers. Had a conversation about a year ago with a really lovely young lady who was a fund manager with one of my Magellan investments and I asked her opinion on Bitcoin and she said you must remember that for someone to make a fortune out of it someone has to lose a fortune. Whereas if you sell shares for instance you are selling the buyer something with a likely asset backing and a view to a greater profit possibly. Unfortunately the d*mn things are here to stay forever and I am glad I am the age I am because our financial markets have been infected with so many variables no-one would understand the complexity or fragility of this man made monstrosity.
Now back to the real world I live in, I have to go out into Omicron land later for some chores so will take a drive out to MAG land and see what the drill is doing today!!!!
Unlike Cryptocurrency i can see something tangible at work there!!! Just need the thing to hit some glistening paydirt!!!
MAG Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held
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