Would you sell Gold for Silver now?
- Thread starter Viking
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And some are not taxed at a state level... and reporting requirements https://www.google.com/search?q=gol...-samsung-rvo1&sourceid=chrome-mobile&ie=UTF-8
Viking
Yellow Jacket
So far so good. I should rotate some into mining stocks, but ~20 years ago I lost my ass doing that. So a little bit gun shy.
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My mile-away view of the miners over the past is that they stupidly did not take advantage of times of higher prices, and (I believe) committed their entire future output to stupid low prices. This is my impression, anyway. Now, a real smart accountant kicked up to CFO might argue that the guarantee of a future sale price (even if a bad deal) is more important than the possibility of a much larger profit because... financial predictability is so much more important. Does this make sense?
In my opinion, cash flow and stability are needed, but getting the best price must be the top priority. For the shareholders, for the company's health, for the employees, and everyone in the chain that supplies the company with the equipment and services it needs.
The attempt to reduce risk to zero is a fool's game. And the accountants and CFOs who won't take any risks are traitors and toxic to their companies. To succeed, one MUST accept some risk. Those who insist on zero risk in every part of their life should be hurled on the flaming pikes of hell to instruct them absolute safety is foolish and impossible.
FWIW, although I have no mining experience, I did have some fun IT consulting with Meridian Gold in Reno. Their office building was plush and impressive.
20 years the miners hedged and lost $. Now there is enough demand that hedging is not as.prevalent. Watch when earnings are released next week amd in February. The miners have been a.little behind because investors are still not convinced silver.spot woll remain above $50. They are printing $ right now.