OTCQX:GLDXF - Post by User
Comment by
Heywood_Silverson Oct 25, 2017 8:32pm
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Post# 26859575
RE:RE:RE:RE:RE:RE:RE:Franks Still buying
RE:RE:RE:RE:RE:RE:RE:Franks Still buyingMack, you hit the nail on the head: the stock market is dead. To prove how messed up the market and institutional investing is I had a conversation with one of the financial planners who administrates the 401k program where I work. I have been encouraged by the company to join since they offer a 4% matching contribution. The problem is they do not offer any metals/mining mutual fund options. I contacted Voya, who is the large financial outfit the programs are run through, and they confirmed that these type of "specialty investments" are not even offered to any employer. So, my options are to invest in general stocks which are about to tank ala 2009, put the money into a bond fund which will barely keep pace with inflation or forgo the plan entirely and say goodby to free money and do the investing myself into companies such as SSP or SPA, etc.
So many Americans are not into the metals because the mainstream investment vehicles either outright prohibits them or at least gives them such little press so as to marginalize them. The average investor is stuck with stinkweed investments and when the masses are suffering losses and seeing their investments implode the hot money and wise investors will flee towards the precious metals. The WISEST investors, however, will be the ones such as ourselves who beat the stampede by staking our claims early.
My 2 year target for SSP continues to be in the vicinity of $4 or so.......