Great Interview about AI and the general market.https://youtu.be/qWf2tWrNSSk?si=wOhjsPSP7YNdi3xH
I haven't finished listening to it all, but the first part about AI is very revealing.
From my reading, listening to various info, Gold appears to be replacing the USD as the safest tier one asset in many Central Bank reserve portfolios.
The traditional 60/40 split between US EQUITIES and US bonds as the conservative balance in a person's investment portfolio has proven a disaster in 2022, and may no longer be a reasonable way to structure an investment portfolio.
Is gold the new safe haven investment?....but it pays
no Dividend?.....hmmmm.......how about gold stocks producing gold with huge long lasting mine lives with hi grade, very profitable reserves of gold with very low cost of production, and in safe govt jurisdictions?........hmmm, problem solved?.....I think so.
Main problem is govt confiscation of ' windfall profits'....but, Leftist govts are getting kicked to the curb, seems like everywhere.
This is the reason why I like NFG.
It's a growth stock....huge potential growth.
It's a safe haven investment, with lots of hi grade gold stored safely....in the ground.
So, you get a Safe Haven investment, probably safer the US bonds.
You get a strong chance of big dividends down the road if NFG remains independent, or maybe you keep shares in a company that buys Queensway out.
You likely have a very long lived mining operation decades into the future.
You have the possibility that NFG becomes an accumulator/ consolidator of promising gold exploration stocks, in Canada, and particularly Newfoundland, if NFG stays independent.
Pretty hard to beat a combo of tremendous growth potential with safe haven, high dividend paying investment.
Prove it, Bashers say?........That's why the low cost investment opportunity is here in NFG. You can see the writing on the wall, but all the above will take time to PROVE to be the case......but, all signs say this will be the case.
My two concerns are this.
In a general bear market for the US stock market , which appears to be highly overvalued, will gold go down along with general stock market.? So far, the signs seem to be staying that gold may act independently, and possibly move up as a safe haven investment, countering a general stock market bear trend. But, of course, this will only be proven in the events. Will gold stocks respond perfectly in a bull market for gold?......maybe not perfectly, but, I would think gold stocks will run up with gold......the best gold stocks, such as NFG.
Will NFG management keep NFG independent for the maximum benefit to shareholders? Or, will they sell out cheap to some Big Gold outfit?......Worse yet, could NFG insiders arrange to sell out to BIG Gold, but retain their interests in QW? I don't even know if that would be legal, but, such an option does cross my mind.
This sums up my view for NFG:
Don't Sell Out to BIG Gold - Become Big Gold!
Any strategy that DOESNT follow this saying is the wrong way to go. The potential for NFG is simply astounding given the very strong possibility that gold is in a major uptrend, mainly due to the fact that most western govts, and China, too, are hopelessly mired in huge debt, and because of this their fiat currencies are devaluing, leaving gold as the pristine monetary vehicle, attached to NO countries idiotic govt policy failures, and the detrimental fallout to their currencies.
I see gold stocks that are producers, or will become producers as being the hidden gems of the investment universe, selling at the cheapest values in their investment histories of all time.
Later, when these type of gold stocks have risen in multi bagger fashion, and the general stock market has been driven down to somewhere around past market lows, maybe you can start looking for stocks of companies in other industries.....but, that may also need to see a political revolution to actual RESPONSIBLE govt.
Maybe responsible govt has to be forced upon us, as the only possible way forward as events FORCE responsible govt upon the West.....but, the Leftist Cult groups/ political parties- movements, and the leaders of this movement, will have to be crushed and and laid to rest on the ash heap of history.....is this beginning to happen now?
I've thought this would happen for many years, but, it seems to he taking a long time to 'pan out' [ gold mining term ; >) ]