/biz/ - Business & Finance

>>25078894

>Where is your proof that they honoured any shares held during/after these periods?

Look at any chart of Homestake Mining, it's a fact that it went up 500%.

>what youre saying is ridiculous, and i dont even have a rebutal to it

No it isn't. That isn't ridiculous at all. The mining companies have paid metal dividends in the past, and could do it again any time they wanted. Dave Kranzler was talking about this only a couple of months ago, and Keith Neumeyer has floated the idea.

>>25078894

>Where is your proof that they honoured any shares held during/after these periods?

Look at any chart of Homestake Mining, it's a fact that it went up 500%.

>>23384649

>>22261533

>>what are the best small caps?

Discovery Metals, Impact Silver, Bayhorse Silver, Fireweed Zinc, Canada Silver Cobalt Works, Tinka Resources, Silver One, Defiance Silver, Callinex Mines.

If you want to obviate risk and buy mid-tiers instead of small-caps, get SILJ.

>>22261837

Homestake Mining, the ancestor of Barrick Gold, which Warren Buffet just bought, went up 500% during the Great Depression. It doubled as the stock market was losing nine tenths of its value. Miners won't crash on the second leg down. They never do. Why would anybody toss away Newmont at this point, and lose their $1 dividend per share? Miners aren't like worthless tech stocks or cryptos, which people buy simply because they think the asset will keep going up. They have intrinsic value. See what Michael Oliver has to say about this.

https://www.youtube.com/watch?v=AbYC2b2FTas&ab_channel=PalisadeRadio

>>22251932

If you own a gold mining company, it's as good as owning a house. The shares are your property. The broker is merely an intermediary. If a broker could take your miners off you, you would be living in a communist state with no property rights. It wouldn't surprise me if Britain went that way, given how bad our collapse is going to be; but then, in that case, even owning a house wouldn't do you any good. But yes, people shouldn't put all their gold investments in one place. People should try to have:

1) Some coins in their own hand (Britannias are best, because they are CGT-free);

2) Some allocated or segregated bullion held in private vaults overseas (Goldmoney, BullionVault, PHYS/PSLV on the stock market, OneGold, and GoldSwitzerland are good for this);

3) Some gold mining stocks.

When the U. S. government confiscated gold in 1933, and the U. K. confiscated gold in 1966, gold mining stocks were left untouched, as was overseas bullion. Homestake Mining, the ancestor of Barrick Gold, which is in the GDX, and which Warren Buffett just bought, rose 500% during the Great Depression.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

>>21665872

Miners won't crash. He's fudding. We've been hearing about this "one last pullback" since April from the TA frauds, who told us that gold would crash when it was $1670, and silver when it was $17, but who then boasted wildly about their foresight when gold finally "dropped" on 11 August to $1860, and silver to $24. Miners didn't fall during the second leg down of the great crash of 1929. Homestake Mining, the ancestor of Barrick Gold, which Warren Buffett just bought, went up 90% as the Dow was going down 90%. All in all, Homestake rose 500% during that period. Nobody with an ounce of sense would be stupid enough to throw away their miners at this point. Who would sell Barrick Gold, for example, which is paying an eight-cent dividend on every stock, a dividend which can only go higher as their earnings inevitably improve? Only a fool. The fools are gone. Only strong hands remain. The miner sell-off before was a once-in-a-century event which will never repeat itself. It was a result of now-impossibly-fraudulent COMEX manipulation of the metals, and mass hysteria about the coronavirus.

>>21647437

Homestake Mining soared 90% as the Dow Jones was crashing 90% during the Great Depression. All in all, Homestake Mining rose 500%. Homestake is the ancestor of Barrick Gold, by the way, the stock which Warren Buffett just bought. This Harry Dent fud about deflation causing metals and miners to crash is simply more nonsense. Mining stocks crashed in March because there was a general panic, as well as a manipulated crash of precious metals on the COMEX. If we got a genuine currency reset, and true price-discovery in the metals, nobody would be foolish enough to toss away their mining stocks no matter how much the other stocks went down.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

>>21261212

Gold and miners won't sell off this time. They only "sold off" last time because of manipulation, but that nearly bankrupted the paper markets. Another such "sell off" would do away with the COMEX in the blink of an eye. Besides, gold and miners have never sold off in the second leg down of a market crash. For example, they went up 90% as the Dow Jones was going down 90% in the 30s. This dip now is the best you are ever going to get.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

>>20824859

On the basis of historic precedent, mining stocks are an excellent way to diversify. They were not confiscated, for example, during the Great Depression; and so those who held Homestake Mining, the ancestor of Barrick Gold, made 500% on their investment.

Peter Schiff, along with everybody else who is trustworthy in the PM community advocates for mining stocks. The only exception I know is RoadtoRoota; but he has some extreme views and mental health problems.

Mining stocks offer 3x leverage to the underlying metal. SILJ, for example, is up 180% since March, but silver is only up 75%.

The best ETFs for buying mining stocks are GDX, GDXJ; SIL, SILJ.

>>20782544

>Gold has been confiscated before.

P. S. In answer to this more specifically: offshore bullion was not confiscated in 1933, nor were mining stocks. Homestake Mining, the ancestor of Barrick Gold, which is in the GDX, went up 500% during the Great Depression. Also, gold confiscation in the modern age is unlikely. (https://www.jmbullion.com/investing-guide/taxes-reporting-iras/government-confiscating-metals/))

>>20746014

Those who owned gold stocks during the Great Depression, both during the crash and after it, fared extremely well. Society does not end up looking like a Fallout game simply because you have a currency crisis.

>>20724822

Copying a lot of this post from /smg/ in order to avoid repeating information:

"Deflation, then inflation" is what all the TA people have been predicting for months now. On that basis, people have been saying gold would go down again since April. Things may not pan out that way for two reasons:

1) Historically speaking, PMs and miners have not crashed on the second leg down of a stock market crash. For example, in the Great Depression, Homestake Mining, the ancestor of Barrick Gold, which is in the GDX, was going up 90% just as the Dow was crashing 90%. All in all, Homestake went up 500%.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

Gold has also thrived in the deflationary environment of Japan: https://www.youtube.com/watch?v=w5ffEORwWkk

2) The PM market, which has been manipulated for years via paper derivatives, is now becoming unmanipulated. A short squeeze is now underway, and a thing called the COMEX, which is where the manipulation takes place, is in danger of imminent default. It all started when the billionaire Eric Sprott demanded actual physical delivery of one tenth of the world's annual silver supply. Silver jumped from $19 to $23 almost overnight. He has stuck the knife into the bankers and they are fleeing in terror. Four banks are losing $280 million for every dollar silver goes up by. Everything which you need to know is in the links below. I especially recommend watching the video.

https://www.youtube.com/watch?v=XliHE6QgljY

https://twitter.com/MacleodFinance/status/1285299968446783488

https://kingworldnews.com/silver-short-squeeze-alert-sprott-silver-trust-to-purchase-1-5-billion-of-physical-silver-a-jaw-dropping-8-8-of-annual-global-production/

https://www.goldmoney.com/research/market-updates/silver-scintillates

https://kingworldnews.com/this-is-the-real-reason-why-silver-is-up-over-6-today-plus-gold-sees-massive-breakout/

>>20722695

Historically speaking, PMs and miners have not crashed on the second leg down of a stock market crash. For example, in the Great Depression, Homestake Mining, the ancestor of Barrick Gold, which is in the GDX, was going up 90% just as the Dow was crashing 90%. All in all, Homestake went up 500%.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

Additionally, you have to consider the fundamentals at work here. The PM market, which has been manipulated for years via paper derivatives, is now becoming unmanipulated. A short squeeze is now underway, and a thing called the COMEX, which is where the manipulation takes place, is in danger of imminent default. It all started when the billionaire Eric Sprott demanded actual physical delivery of one tenth of the world's annual silver supply. Silver jumped from $19 to $23 almost overnight. He has stuck the knife into the bankers and they are fleeing in terror. Four banks are losing $280 million for every dollar silver goes up by. Everything which you need to know is in the links below. I especially recommend watching the video.

https://www.youtube.com/watch?v=XliHE6QgljY

https://twitter.com/MacleodFinance/status/1285299968446783488

https://kingworldnews.com/silver-short-squeeze-alert-sprott-silver-trust-to-purchase-1-5-billion-of-physical-silver-a-jaw-dropping-8-8-of-annual-global-production/

https://www.goldmoney.com/research/market-updates/silver-scintillates

https://kingworldnews.com/this-is-the-real-reason-why-silver-is-up-over-6-today-plus-gold-sees-massive-breakout/

>>20692266

>Mining stocks have often historically crashed hard

Also, did you read my link? This is not the case. For example, Homestake Mining, the ancestor of Barrick Gold, which is a large component of the GDX, went up 500% during the Great Depression, and was soaring 90% at the same time as the Dow was crashing 90%.

>>20680774

I never told people to buy only miners. What does my post from May say? "The only way to profit from this crisis and protect yourself is to buy gold, gold miners, silver, and silver miners." I have brought up miners a lot because it is foolish to throw away 3x leverage on the underlying metals. I can now buy far more bullion than I otherwise could have done after having purchased the miners. Also, are you aware that gold was confiscated in 1933, but people were allowed to own mining stocks? As I pointed out earlier, Homestake Mining (the ancestor of Barrick Gold, in the GDX) went up 500% during the Great Depression. I tell people about miners because they are the opportunity of a life-time. Peter Schiff recommends miners just as strongly as I do. It is foolish not to own them. Few people talked about GDXJ and SILJ before I began to make people here aware of them, but I trust that, within a few months, they will be more talked-about than Bitcoin.

>>20662307

GDXJ and SILJ aren't going down with the rest of the ship. They are the lifeboats. He has some mining stocks in his portfolio (GDX).

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

You'll only survive this market crash if you own gold and silver miners.

>>20656989

Really happy to hear it.

>>20648736

Gold has done extremely well in the deflationary environment of Japan. Matthew Crowder of Trader University made a detailed video about this a week or two ago:

https://www.youtube.com/watch?v=w5ffEORwWkk

It also performed very well during the deflationary Great Depression. In that time, Homestake Mining went up 500%; and, as the Dow crashed 90%, Homestake was going up 90%.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

>>20648571

You're welcome.

>>20591661

>>miners will be briefly forgotten about, AGAIN.

See >>20591649. This is not a certainty. Historically, gold and miners went up, not down, on the second leg down of a stock market crash. Homestake Mining soared 500% during the Great Depression, and went up 87% in the same period as the Dow went down 85%.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

>>20580800

Spot price temporarily affects the miners. You couldn't buy one-ounce coins for $12 in March, but, if were holding miners, you were down 40-50%. The idea of the people waiting on the side is that they will wait until the spot price crashes, then buy the miners up again for nothing. An arrogant idea which has cost them the ability to double their money since May. I'm not selling my miners, and I doubt others will be foolish enough to do so at this point either.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

>>20566019

I have mentioned in these threads before that, during previous silver bull markets, the average silver small-cap miner went up 150x. That is the sort of latent potential which is lying in this bull market, which is only just beginning.

If you wanted to know how miners did during the Great Depression, the answer is exceedingly well. Homestake Mining, the ancestor of Barrick Gold, went up 500%, and that was a large-cap.

>>20501034

Homestake Mining, the ancestor of Barrick Gold, went up 500% during the deflationary stock market crash of the Great Depression.

https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/

>>19707146

Thank you. Yes.

>>19707193

>How much of a historical precedence is there for this? It makes sense on the surface but for example, these stocks tanked March like everything else.

It's impossible to say. The reason why I have a strong position in physical gold in a vault, not simply in gold miners, even though the miners will make far better gains, is precisely for this reason, that the miners may or may not go down in the short-term with stocks.

Historically, gold and gold miners have not crashed in a second-leg-down on the stock market. (https://goldsilver.com/blog/how-would-gold-perform-in-a-second-stock-market-crash/.).) While the Dow was going down 85% in the second-leg-down of the 1929-1932 crash, Homestake Mining was going up 87%. All in all, it went up 500%. Peter Schiff said on one of his podcasts recently that he thinks the miners going down was a "headfake," and that it probably won't happen a second time if the markets crash again. On the other hand, David Brady is saying that a downturn in the miners in the near-future is a real possibility, and that they will only explode in value once the market crashes, and the Fed institutes YCC in order to prop it back up. (https://www.sprottmoney.com/Blog/fed-tapers-liquidity-raising-the-risk-of-further-downside-david-brady-june-4-2020.html.).) So the sensible thing for a person looking to get in is probably to buy some mining stocks now, and wait in cash to see if they crash along with the stock market in order to buy some more later. I'm still 33% in cash.