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)
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.
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:
www.goldsilverdata.com then click on mining 101
HAVE A GREAT WEEKEND and MEMORIAL DAY in the U.S.A.