grasspriet11 wrote: My portfolio is a little boring for the most of you I think.
*the biggist part consist of gold and silver coins from the latin currency union. Golden 20 francs from France (Napoleons), Belgium, Swiss. All these coins are 150 - 200 years old. I started to buy them 19 years ago. I prefer these old coins because I think these coins will get high premiums in the future. At the end of the seventies these coins had premiums of 70% or more. Between 1980 and 2000 when the gold price went down a lot of these coins were melted. So when the real gold-silver mania begins the premium will rises dramatically. The rise of the gold price will do the rest. These are also very small coins (is an advantage). At this moment there is only a very small premium.
*Another part of my portfolio consists of cheap real estate (houses and flats). This gives me a nice rent. The most important reason I invested in real estate was because of the leverage. You work with money from the bank. 90% of the real estate was paid by money of the bank (Loans) Money makes money. In 7 years all the loans will be paid back. And the return is +/ 4,5% 5%.
The last part of my portfolio consists of shares of Kirkland Kake Gold. I have a lot of confidence in the company and management. All the parameters are OK for me. For me there is no problem the company is so much undervalued. Because of this there is such a big buy-back campaign. They destroyed already 16,2 million shares this year. At the end of december it will be 18,5 million. I think they will communicate in Feb of 2021 that another maximum of 20 million can be bought in the next 24 months. In 30 months from now the dillution because of the Detour Gold takeover will be gone. THIS IS CREATING VALUE FOR THE COMPANY AND THEIR SHAREHOLDERS.
No debt. Much higher production, much lower AISC. PI what do you want more. For me the dividend gives me a nice income. And I'm sure it will rise dramatically in the coming years.
I have 1000% confidence in the future share price of KL. And remember time will give you the most profits. For 95% of the people not the trading.
Do your homework. Then you can walk and relax.
A lot of the discussed items becomes then background music.
Grasspriet