GREY:VITFF - Post by User
Comment by
HoneyBadger77on Apr 12, 2024 3:54pm
127 Views
Post# 35986552
RE:RE:RE:RE:RE:RE:UNDERLYING MARKET ACTING VERY STRANGE!!!
RE:RE:RE:RE:RE:RE:UNDERLYING MARKET ACTING VERY STRANGE!!!Owning shares of VG is nice for a speculative gold play but if you want real protection you need to go with the big guys and the biggest gold company today is Newmont. Trades under the symbol NGT on the TSX and NEM on the US exchange.
I just bought 4,000 shares of NGT about 20 mins ago after the big sell off. If the world is going to hell in a handbag NGT/NEM is the one you want to hold. They are guided to produce 6.9 million tons of gold this year at magins of about $1000 US so that's only $7 Billion in net cash flow.
HB77