Gold and Silver Miners9 Feb 2017 08:30
Hi All, new investor to Hochschild. Holding Blackrock gold and general fund at the moment but recently started looking at specific miners for riding this gold and silver bull run up. Hochschild looks to be quite cheap when compared to 4 years ago.
Just a comment on G&S prices. Donald Trump getting in is the best thing to happen for G&S but unfortunately not the world. He wants to de-regulate, lower taxes and increase spending. That is going to increase the US debt, US inflation and kill the value of the dollar once the system starts to collapse under the debt pressure. In this situation we will see rises in G&S like the late 1970's in percentage terms. Gold hitting $10,000/oz is not unrealistic in the above situation. So in that respect we should all do very well diversifying into gold and silver but especially the miners. Any gains made in the G&S price will be leveraged multiple times in the miners. Therefore if you buy the whole G&S bull market premise, it would be very rewarding for you as an investor to also hold a portion of your portfolio in some well run, proven productive miners.
Good luck all those who are seeing this risk and opportunity and making calculated preparations. ALL IMHO.
Wolf