Well thanks. I have been lucky w. a few plays this year.
I never bought into the fact that the US was on the verge of total collapse and the US dollar was being relegated history.
Also, I do not believe that the equity holders of mining shares will reap huge rewards if gold was to go to 2-3-5k as many suggest. This simply will not happen.
If gold were to get to those levels, any gains (if shareholders were able to hold shares) would be greatly discounted by the many other problems associated w/ the financial meltdown leading to such rise. So... all in all it would be a push, and not a great risk/reward setup imho.
Gold and jr. miners are simply too emotional a vehicle for any larger %age of my type of investing dollars now.
A disciplined trader, over the past decade, has been provided countless avenues of wealth creation in many diverse sectors. Tech, ag, r/e, metals, comds, etc have all been very big creators of wealth for many. ( I realize hind sight is 20/20, but I don't see the meltdown in other sectors are I do in jr's)
I now realize why so few wealthy people made their true money investing in jr's mining co, and why so many smart investors will not even consider them as an investment.
How many jr. mining investors have a prvt jet... or, at least a 25mm net worth? Personally, I don't know, but I suspect very few. Yet, I know several that have done so in healtcare, r/e, Insurance, finance, etc....
I guess on has to either be an insider, owner, promoter of a jr. or large pump and dump writer to make any real money in these lt.
ZM |
