RE:RE:RE:RE:COPPER CON ????????metalhead666. This is a well written statement of the dangers and risks involved. As you know I have, and will continue to accept these risks you dilineate.
My personal take is that should a bubble, or many bubbles burst simultaneously, I will get hit no matter where I put my capital. Anything I choose is a guess... Do i land it in real estate? Maybe no. Gold, silver, US dollars, Chinese yuan, Consummer cyclicals, oil, pipelines, crypto, strawberry fields forever or whorre-houses (my back-up bet... contact fishboullion for a prospectus.)
Point is copper, to me is one of the best hideaways
and one of the best places to be should the new energy economy and infrastructure builds continue a assumed.
NCU in particular, is still trading at aheavily discounted price vs going out and buying a "greenfield" projaect (if an equivalent were to exist) and then dumping the kind of money that has already gone in as litteral and accounting sunk costs in this project: permits, drilling, engineering, new mill costruction, new hoist, testing of all of these, new coffee makers both underground and above ground and in the data room.
For better, for worse I will continue to go ballzz deep on this mofo and you can all laugh at me and use me as an example of an idiot investor (gambler, speculator or whatever) should I go bankrupt doing so.
Cheers,
Notgnu
metalhead666 wrote: I would agree with you almost completely however....there is no insignificant risk of a market crash, a FED policy mistate (already been done with endless QE), some financial calamity or global recession given the vast amounts of debt out there that undercuts the "green" economy thesis. Already the GOP cult members are throwing up roadblocks to Bidens "green" infrastructure plans prefering coal and oil like good corporate lackeys do. There's a lot that can go wrong now with markets at all time highs yet again, margin debt at all time highs, bubbles everywhere, negative interest rates...you know all that. We could have the best thesis in the world only to see other events wreck it. I'd love to be all in on the "green" economy....I own some lithium and several copper plays and would love to see them mature and create value as the world does the right thing....but when has the world ever done the right thing before wrecking everything first? I'm very cautious here...I don't dare go big on anything....are we going to have hyper inflation or another great deflation? I don't know and neither do all the experts that are equally conflicted in their views. Are we looking at yet another housing bubble? Seems so. Is the pandemic all over or is there another act? I totally get the copper supply and demand dynamic but what about the rest of the mess we're in where money is printed by the trillions and people line up to outbid eachother on some suburban cookie cutter house, take on ever more debt for college or a $50k truck? I truly wonder how long this liquidity induced bubble can persist