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Bullboard - Stock Discussion Forum Calibre Mining Corp T.CXB

Alternate Symbol(s):  CXBMF

Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and... see more

TSX:CXB - Post Discussion

Calibre Mining Corp > Own Calibre Shares to Protect Yourself
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Post by geezer21 on Apr 15, 2022 11:45am

Own Calibre Shares to Protect Yourself

Knowing history is important to understanding the importance of owning physical gold, a gold miner like Calibre or other tangible assets.  At anytime assets you own could be confiscated or rendered worthless.  If you think that could never happen here in Canada or the United States think again because it has happened here in the past and is happening now.

History is repleat with examples.  Hyper inflation of the German Mark and Zimbabwe dollar. Fiat currencies that have failed.  U.S. confiscation of gold.  Western countries current confiscation of private assets. Venezuela nationalization of oil companies.  Asset forieture in the United States. Bank foreclosure resulting from bank instigated boom and busts, war, natural disasters, insurrection.  Currently, inflation is the result of debasement of the U.S. dollar.  It is a hidden tax. Your dollar assets are being eaten away. Next to zero interest rates robbing pensioners and pension funds that were depending on interest income. Leaders rattling sabres rather than working together for the benefit of everyone.  There is no end to the insanity.

Protect yourself.  Buy more Calibre shares.

https://www.zerohedge.com/geopolitical/should-we-commit-fight-russia-finland
Comment by SkyeCairns on Apr 15, 2022 3:47pm
I have more confidence that my Canadian or American gold mines that I have shares in will NOT be confiscated than I am with the shares I have in Repblica de Nicaragua ie CXB
Comment by tootall123 on Apr 15, 2022 4:09pm
(I have more confidence that my Canadian or American gold mines that I have shares in will NOT be confiscated than I am with the shares I have in Repblica de Nicaragua ie CXB) And you have more confidence in the Canadian and American corrupt lying politicians and bankers, stop watching CNN and CBC and think for your self if you can you dumb down brainwashed clown... GOLD IS KING...
Comment by geezer21 on Apr 15, 2022 7:53pm
That is not called for.  There are legitimate country risk concerns with Nicaragua.  While there has been considerable turmoil in Nicaragua it has virtuall all been internal and confiscation had targeted Somosa. Fortunately, things have been improving in more recent years. https://www.britannica.com/place/Nicaragua/The-Sandinista-government
Comment by geezer21 on Apr 15, 2022 8:13pm
Nicaragua is still facing considerable problems. Nicaragua is one of the poorest countries in the Americas.  They have abundant natural resources.  The current commodity bull cycle will helpfully help them out.
Comment by Stratocheif on Apr 19, 2022 8:42am
Owning mining shares is very high risk investing. Anything can happen, drop in commodity price, environmental issues, tax or regulation issues, ingenious people issues, geological issues and on and on. I'm not protecting myself by buying mining shares. Im trying to beat the average. It's gambling nothing more. But that's what gamblers do isn't it...try to make lots of money if it ...more  
Comment by tootall123 on Apr 19, 2022 9:26am
(Want to protect yourself.....buy mcdonalds coca cola etc because they can increase thier prices to match inflation and there's not much of a chance they are going broke , unlike those in the resource sector) If you are not buying mining shares and you are only buying Mcdonalds coca cola etc then why are you wasting your time posting here on Calibre Mining, please get lost and post on ...more  
Comment by Stratocheif on Apr 19, 2022 5:54pm
I'm here trying to make money by investing in miners but I have no illusions as to what I'm doing and it's not a strategy to protect anything. It's taking certain risks for certain gains
Comment by geezer21 on Apr 19, 2022 9:35pm
'I'm here trying to make money by investing in miners" Being here to make money is protecting your capital by trying to gain more than inflation that is eating away at your capital.
Comment by geezer21 on Apr 20, 2022 8:51am
"Want to protect yourself.....buy mcdonalds coca cola etc because they can increase thier prices to match inflation and there's not much of a chance they are going broke" True but matching inflation is not good enough.  With inflation hitting 8% in the U.S. last month and climbing you are losing money. McDonald's and Coca Cola will be reluctant to raise prices in an ...more  
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