Where is a good place to be mining?
Good afternoon, Sunday the day of rest.
Last week was another parade of the "The Masters of the Fed" suggesting all is well and just maybe THEY will raise interest rates 1/4 of one percent....Will not happen. Do you understand 20 trillions of common knowledge debt...when there is really a matrix of hundreds of trillions of digits...
If you all think this past week was bad , rising the real rate even a 1/4 percent would burden this market... sell/ dump/ run would be the very least..of your worries. You all know this is the greatest market of illusions ever witnessed by mankind. There is no real tangible asset backing the US dollar ( Fort Knox ) or any other depository... than the power of US Government to tax its population or rain fear over the entire remainder of the Global peoples with a few exceptional nations. They is the only ONE nation which creates Federal reserve notes which is the reserve currency of the world more or less. I hope I have not lost too many here.
My real point...gold and silver is the very only historical money....It has always been the greatest dream of ALL past empires to have the ability to create gold/silver/copper from nothing...Historically no except. Never.
Until this century of the illusionists..we will call them Central bankers.
The past footprints....real gold to, promissory governmental notes of gold, paper notes of gold , to just notes promising it is legal tender, to digits, to no cash ( really no paper notes), to only digits...and then ...you really need to think about this! If you think the US election and open borders are wild wild times..trust me ...you have not seen anything yet. Imagine a world where..the Few percent are so enlightened to control the rest....humm...The we are better than them..the entire unshaven world. Can this happen..In all history ever enlighten government has failed. No exceptions..always..
In conclusion..Gold I think will prevail..real mining stocks will be cherished on the highest of investment order, in safe nations. The key safe nations. The old miner has created this asset with shareholders money and his skills..
To sell at these times would be a declaration of stupidity ..a caveat..there are many PM stocks which are worthless..in real terms. always.
I think this is not one of them. I think, bottom line..IF...we all make it until this time next year? smile ..You will not only be very pleased, some rich ..on believing. But if ....
So if I get bombed stars again with negative stars..you are on your own..best of grace to all. Frankly we are on, in real terms ,a few..in history ..those few ...sometimes win Large.
I sold one of the three on Wednesday last week ..buying bullion Monday.