RE:RE:RE:I Think Im Dying I think we must hope that VIT price increase thanks to their success, not thanks to POG going to the roof because anything else is goint into the toilet.
Yes, investment in GOLD is somewhere an hedge against major disruption. And we can try to leverage this with indirect exposure as owning a Gold producer.
At the moment, what matters for me is VIT achivements : commercial production, operations well-managed, exploration's success. If I have got 3 yes by the Autumn, I am quite sure VIT pps will match my expectation. Obviously POG staying in a 1400-1600 range.
Then if POG reaches news high, 1600-1700,,, This will be a nice bonus reflected in the pps.
But f POG hits records due to a total disaster everywhere... I won't be happy...
Remind me 2008. We were protecting client's portfolio with put options (futures) on the S&P.
And we did well... protecting maybe 30% of the portfolio this way. And I recall feeling happy that the markets was crashing because the put were up... Forgotting that the final result was a negative perf for the client...
So I do not want to be happy in 2020 because POG is at 2000 because it could mean that my pension disappear, that I lost my job, that my house lost value, and so on.. :-)
just my thoughts as I had some spare time to spend.