RE:Gold zooming I see two red PM stocksYep !
Putting all your eggs in one basket is the second defininition of insanity (only after - the mistake of doing something once with poor results, and then repeating the same thing over and over again and expecting different results each time) - yet that seems to be what is being promoted here.
It woudl seem that a certain industry guru, and his disciples are putting the same effort in here as they did for Teranga in late 2019. It was apparently the only good gold equity to own at that time. Now Teranga did end up doing well (and eventually got taken out by EDV), but only after "the crew" sold out and put all their money into a couple of Uranium stocks. (or at least that what was what was suggested by "the crew" just before they abruptly vanished from the TGZ SH board) After they left Teranga, Uranium went up 20 % then retreated, while Teranga went on to double in value (before being taken out).
Be careful that "they" are not selling while suggesting to anyone that will listen - to buy...because presumably "they" (or their "leader") believes that this is the only gold stock someone should own.
All my golds & silvers have been generally green for a few weeks . VSR, on the other hand, seems to be lagging of late.
I have no idea why. I intend to do a bit of DD. But the presence of "the crew" gives me pause.
For my amusement I started a very small postion in VSR...just to make it a little more fun to monitor the new insanity program that goes on here.
Here's just a few of the problems with holding only one gold company in a portfolio - and trying to pass that off to others, as "a good reason to buy" simply based on the fact that one guy who was considered a "guru" by some...twenty years ago...has decided to buy it to the exclusion of all others, including many equally good gold equity companies.
Here's what can go wrong when all eggs are in one basket:
1. execution risk - the Co fails to perform
2. an issue with a key mine
3. Government risk (legislation, tax changes, etc)
4. Geopolitical risk (wars, insurectins)
4. local environmental concerns impacting a key mine (protestors, earth quakes, flooding, etc.)
5. etc. etc.
Not saying any of that can or will happen to VSR, but I'm pretty sure that if you owned 2, 5, or 10 others, the risks of any of the above happening to all of them all falls to almost zero.
A good guru, knows this...and would put that caution out there ...via his disciples. Unless there was another, less altruistic objective perhaps.
MM