Stone, what’s your thoughts on Junior minors? They have been in a waste land fit a decade. When flows enter that space there has been explosive up moves in the past.
Dean
What happened to gold and silver?
I haven’t been following this sector for a long time now. High WACCs and suppressed metals prices are a one-two punch. That doesn’t mean there’s no opportunity, it’s just more difficult.
As the years go by and the acceptance of cryptos flourishes, people are forgetting about the PMs. It really happened; the world has been abandoning gold and silver as speculation in BTC increases.
Bitcoin is lab-grown gold
Nothing’s by chance; and now Trump talks about building a national BTC reserve. All the Feds need to do is confiscate BTC holdings from those whom it deems to be seditious.
Why doesn’t Trump talk about gold? Why is Putin talking up BTC and not gold as a replacement to the dollar?
Who do you think owns all this Bitcoin? I guarantee you Elon Musk is shilling his own book and owns thousands of them. I guarantee the private Central bankers own huge chunks. Don’t be stupid like the rest of the human population. There’s no freedom with Bitcoin, only slavery.
What happened to diamonds and gemstones?
I even look at the market for diamonds and how lab grown diamonds have decimated that industry. In the next decade or so, lab grown diamonds will completely replace the entire sector and one carat diamonds will be common in costume jewelry.
As beautiful as diamonds are, their prices continue to plummet. And because of this, interest in diamonds is falling hard. Just ask De Beers what it thinks about the diamond market outlook. Its parent, Anglo American, is trying to spin off De Beers like a useless appendage, but De Beers’ prospects are as rosy as a junior PM miner.
The technology has advanced to the point that scientists can easily create many types of beautiful lab grown gemstones of pristine quality for a fraction of the cost of natural ones. Close up the mines as the younger folks demand environmentally friendly jewelry!
Yes, technology has even replaced gold.
So what if gold and silver are wonderful for electronics?
The world is increasingly forgetting about gold as gold’s barometer of financial decay has been permanently severed.
Silver is just a glorified industrial metal and people under 45 have forgotten the importance of gold and silver’s intrinsic Godly values. It’s over. Stick a fork in it. The world walks in a death spiral.
Thomas out…. Using a pseudonym in place of my real name is a drag. This is what happens when a guy like me marries a Millie Montag.