GREY:NMKEF - Post by User
Comment by
Master splinteron Oct 18, 2020 9:01am
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Post# 31735693
RE:RE:Listening is important...
RE:RE:Listening is important...Thanks for the tips Calgary!
You certainly have the gold bug. I think that the floor was reached at $1900. In my opinion, the gold price will not dip too far below $1900. I do foresee the price of gold reaching new highs in the next year (propbaly around 2050-2100). In a few years, the gold price will likely be around 2200-2300 with new benchmarks. The mining space is extremely profitable. But, as you are well aware, the market takes timing. If you buy gold at the right time...it is an awsome investment. I will look at your suggestions and likely lean towards a less risky investment.
As for lithium...it will have its time. The timing of the battery metals market is on the horizon. Unfortuntely, the 2018 hype ended with a crash (bang boom bottom...lives crushed). Hydroxide and carbonate will be needed for new modes of transporation and communication. The chemistry factories will likely be the most profitable returns. With major automobile companies releasing new lines of electric cars...it is highly likely that the metals space will surge at some point in the future. My predicition is likely around the year 2023-2025. We will begin to see the real switch to electronic vehicles. No, the fossil fuel market won't be forced to end...but there will be more of a balance between the two major sources of energy. Renewable versus non-renewable. Indeed, Calgary and others, the real debate is about energy.
As I mentioned, my long term holds are money making machines. Microsoft and its clouding capabilities, Xbox, virtual at home learning/working software and pentagon defense force this umbrella of control to be a constant stock splitting powerhouse. In additon, as noted in my previous email, CVS health has an economic foot hold in the American economy. Statistics note that this pharmacy chain has 70% pf the population within 1.5 miles of a pharmacy. These stocks are no risk...long term investments.
Risk can be very profitable, but it is all timing. Do your reserach and enjoy your investing. Do not be impulsive and read carefully. If you are risky...be ready to part with your money.