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ASA Gold and Precious Metals Ltd C.ASA


Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.


NYSE:ASA - Post by User

Comment by KelownaClownon Nov 29, 2021 7:20am
163 Views
Post# 34174911

RE:RE:RE:Yuck

RE:RE:RE:Yuck
Capharnaum wrote:
KelownaClown wrote: I don't understand why u say it's been a terrible investment. Pre consolidation Valens was up at $4 twice and there was lots of profits to take. You just didn't sell at the right time. Now's the time to buy. 


From an investment standpoint, Valens hasn't done good. Missed projections figures, bleeding cash, constantly reshuffling the "plan" and a share price that has been swinging wildly.

From a trading standpoint, traders have been able to make a profit at times by selling when the hype drove the share price too high.

Well then, I suppose it's a question of the duration of an investment. To me, if I'm not actively day-trading a stock its an investment. I've held Valens in my portfolio since 2018 but have occasionally sold as much as 50% of my position. Am I a trader or an investor. Maybe I'm called an active investor. 

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