Post by
pfaffgau on Apr 01, 2024 3:55am
My Case for Gold
MY CASE FOR GOLD
Crypto currencies are risky. There is only a fixed amount of gold above the ground. That is the case for gold. You can’t reverse hundreds of years of history.
The U.S. dollar is totally overvalued. The other side of this trade is very large shorts in gold.
But the real story here is the total undervaluation of gold in the ground.
My biggest position in gold is Teuton (TUO) on the TSX-V. It has no debt, a very large land position in the Golden Triangle in B.C. AND 20% of a proven deposit (gold and copper) being developed by Tudor Gold (TUD).
In the past I was on their BOD and, also, CFO.
TUO trading at $1.33 CDN is an opportunity, IMHO.
The markets are going through a reset in valuations. I have never seen these extremes before. All commentators are more than confused. Many portfolio managers are hiding under their desks.
However, longer term, everyone should have 25% of their net worth in gold or gold equities. IMHO
Bill
P.S. I believe the commodities super-cycle is here. It has taken many, many years of mismanagement of mining companies to get us here. The prices of almost all metals and battery related supplies are going way up. Forget the FED. IMHO B