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Re: Regarding Gold-related stocks
I started investing in stocks in 1968. My starting point was to read a UK book titled Beginners Please which had a lot of info about the South African Stocks such as Vall Reefs. I also found a huge book about Gold that centered on the concept that Gold is the ultimate hedge against paper money collapse. My original stock records are in store, so are not available, but one need only go to a library and dig out old issues of Financial Times to find the relevant indices for the earlier periods.
On thing to remember is that Gold has a reputation for being very much more valuable in the Indian Sub Continent - Just a thought.
Taking the idea that there is a very large reversal on the cards, sometime in the medium future, it seems to me that paper assets may, as they did in the 1920's, completely evaporate; including mining stocks. The physical mine might remain, but the stock evaporation will eliminate the existing management and place the core assets in the hands of the banks.
My view would be to place emphasis on cash. As cash is king in a downwave. But that is much ado about nothing coming from a poor inventor.
I started investing in stocks in 1968. My starting point was to read a UK book titled Beginners Please which had a lot of info about the South African Stocks such as Vall Reefs. I also found a huge book about Gold that centered on the concept that Gold is the ultimate hedge against paper money collapse. My original stock records are in store, so are not available, but one need only go to a library and dig out old issues of Financial Times to find the relevant indices for the earlier periods.
On thing to remember is that Gold has a reputation for being very much more valuable in the Indian Sub Continent - Just a thought.
Taking the idea that there is a very large reversal on the cards, sometime in the medium future, it seems to me that paper assets may, as they did in the 1920's, completely evaporate; including mining stocks. The physical mine might remain, but the stock evaporation will eliminate the existing management and place the core assets in the hands of the banks.
My view would be to place emphasis on cash. As cash is king in a downwave. But that is much ado about nothing coming from a poor inventor.
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