for DanDan, I would have to be among the first to admit that some of your posts just drive me bonkers! Having said that - this is pretty sweet! Well done.
@DanWarren Yes, BUT.....that doesn't necessarily mean that Bitcoin, and particularly the 15000 other crypto thingies will be better than gold going forward, or NFG and select gold stocks......they said Bitcoin ( the queen of the cryptos) was digital gold.....but, that has NOT been the case ever since people started believing in inflation being back. Gold has been up, and Bitcoin down. So, that part of the Crypto narrative has been a FAIL. Next, the entire crypto space has all the signs of having been a mania. 15000 crypto thingies being created by computer nerds, is like the Penny Stock universe on steroids....creating shares, or in the case of crypto thingies, tokens, out of thin air, as the founders create what is essentially, their own currency.....Then, there is the IMPONDERABLES.......with NFG, you could say we have two key imponderables, i.e. how much gold will NFG find on Queensway, and, what will the price of gold be in the future. But, the shareholders who post here and on Stockhouse think they have a pretty good handle on these two imponderables. How much gold will NFG find....a LOT!.....what will the price of gold do in the years ahead......MOVE UP!.....you can read on these two message boards all the ins and outs on these two 'imponderables', but many shareholders regard NFG as quite the safe investment, and I've seen one poster here refer to NFG as his money market account, in its underlying stable value, and I agree.......Now, with crypto, Bitcoin plus all the others, you have so many 'imponderables', more than you can shake a stick at. ....How will govts treat Cryptos when they roll out their own digital currencies. How can you place a value on a token. How is a token an investment, as it produces no cash flow. Other than Bitcoin, is there any limit to creating more tokens for any particular crypto thingy....just like Big dilution in a penny stock. Fraud, stealing cryptos from crypto exchanges, losing your wallet, the whole mania just dying, and prices falling in a death spiral as the fascination with crypto disappears...etc. There are many, many imponderables to the crypto space, and there is HUGE promotion of the entire crypto space, while crypto prices are in a downtrend. The crypto narrative is constantly trotted out in its many aspects, but, there is NO WAY to analyse crypto things based on regular investment parameters, which is always how much cash flow will an investment generate in the future. And, Bitcoin IS traceable. They used its traceability to crack a dark web entity which trafficked in horrific child exploitation. .....bottom line, crypto has a myriad of 'imponderables', and so far has only shown to be a narrative of what HODLERS hope crypto will be. So far, crypto has shown the signs of being a mania, and there is no way to calculate value based on future cash flow, only greater adoption and more people entering the space and paying more and more for tokens. Maybe some of the businesses, like exchanges, could be analyzed by cash flow, but, I bet they are extremely valued, now, and their future value still entirely depends upon what looks like a mania becoming a permanent trend.....one final observation....the reason people are attracted to cryptos is simply because they believe they might make a multi bagger gain. They decry gold as an investment for old foggies, and gold doesn't move much. Yet, ironically, it was gold exploration stocks in the late seventies that, on average, became 20 baggers, and some, hundred baggers and more.....Gold stocks are the most undervalued in many decades. It is the most unloved investment sector around. But, that appears to be changing, as BIG GOLD miners are moving up well. This may well trickle down to the smaller gold stocks, as the investment world pivots toward resource stocks, and the entire gold sector, which now only comprises 1/2 of 1% of the universe of stocks, bonds, etc. Historically, the gold sector represented 1.5 to 2% of the investment world. A full bore turn to the gold sector could well power a big trend of rising prices as investors try to get thru the tiny door into gold investments......and, thus the irony....the very gold sector that crypto folk decry as old foggie investments, may be exactly the place where their hoped for multi bagger gains in cryptos may actually be found. best,
el d