Snowball Author Discusses Buffett; Pierre Lassonde on Royalty Companies

U.S.CivilWar_1

Tim Du ToitFounder & CEO of Eurosharelab.com

Alice Schroeder, author of The Snowball: Warren Buffett and the Business of Life. Looking forward to your questions. (self.investing)

http://www.reddit.com/r/investing/comments/2550vq/hi_im_alice_schroeder_author_of_the_snowball

Royalty Companies: Pierre Lassonde, Chairman of Franco-Nevada. Not cheap but you pay a fair price now for quality.

If you ever wanted the cheapest way to own precious metals and/or copper, then focus on micro-cap companies with good assets and that are NOT producing–got that?

Now if you don’t want to wade through tmx.com then I suggest GLDX.

GLDX May 22

Counter intuitively, this may be a safer investment than GDX or GDXJ.  WHY? Aren’t explorers and pre-production companies risky? Yes, of course, you must diversify, but if gold declines these companies can hibernate by cutting costs sharply–faster than Newmont. And if gold turns, this can double or triple. A 50% loss for a double or triple is what I am assuming.  I could be wrong. Remember you are not buying quality but cheap, cheap assets.   This is NOT a recommendation but an idea for YOU to investigate or forget about.  This is about cheap OPTION value.  Do not do anything before going to school. 

Go to the mining investment university:

http://www.sprottglobal.com/natural-resource-investing/investment-university/mining-investment-college-video-1/

www.goldsilverdata.com then click on mining 101

www.oreninc.com

HAVE A GREAT WEEKEND and MEMORIAL DAY in the U.S.A.

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