The price of everything is going up. That’s why it has been a big worry for many people, myself included! /Inflation is definitely here. Can gold mining stocks or gold miners help in this situation? Or make things worse? Let’s see!
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Kevin O'Leary says gold miners are terribly inefficient and terrible at managing money.
Polymetal International gold mining cost is 1000 USD per ounce currently and their balance sheet is spectacular. The story isn't the same everywhere however and this is a factor of mine quality, management and technology. Some miners are also profitable but they have huge debt problems from years of loss making. However, it looks like the gold mining industry through a process of modernisation is becoming more profitable due to lower mining costs and higher gold prices.
So true. Miners and actual gold completely different
Gold bugs index $HUI is at 320, roughly half of where it was in 2011 when gold was trading around the same price as it is now ~$1900's, I get your point that mining gets more expensive, but many miners are making money, I think the disconnect is not justify and miners can go higher if gold breaks out to new ath from here
Well said!
Barrick's stock price was roughly the same in 2000 with gold at $250 as it was in 2021 with gold at almost $2000, a horrible business. Compare this to what Franco-Nevada and Wheaton have done since the mid 00's.
Nice video reminding the performance of gold is not the one of gold miners!
Commodity production depends on deficit cash flow because then they can get tax refunds.
Mark Twain: a mine is "a hole in the ground with a liar standing next to it."
Gold is money, gold miners are businesses.
Thanks for the video.
3 inches in front of our face? My friend, I don't know about you, I can literally feel inflation 10 inches up my ars.
As for mining companies maybe consider the big royalty companies and there are uses of it I think… Perhaps a series of complex transactions with the stocks?
Most of the miners are a scam except from OROCO.
I would always prefer the commodity gold instead of the miners.
Agree 100%. Also, when can gold miners raise $? When gold price is high. Which is when gold concessions are at their most expensive. So the CEO raises $, buys expensive "gold land", then then spends $ building a plant. That takes a long time. By the time the first pour happens, the cycle is already starting to turn down, causing the business to fail. It's such a horrible industry!
" Don't go mining, instead sell the shovels for the miners "
I would rather own gold than gold miners. Perhaps majors, but certainly not minors lol
Exactly…big differnce between gold to preserve value over time. Verses trying to make money off it or the miners…. Foolish! Maybe a royalty might work okay…lower cap ex
Wit my goldmines portfolio I made round about 26% ytd.
What a great way to look at it.
It's true.
At 200 gold miners were "almost" profitable.
So at 2000 they should just be FLUSH with cash and profits
non stop.
But they're NOT! lol
CBs certainly doing something, but at least in developed world it’s nowhere near any debasement. Fiscal efforts were more effective in that but short-lived esp. in terms of redistribution. Most of deficit is by necessity: energy transition, defence in unstable world, fixing financial markets, stepping in for bank lending /intermediation, which exhausted post 2007 due to regulation and lower risk appetite in the sector.
There’s $ shortage in EMs (see symptoms: every year some country going berserk), with bubbles in select markets (private equity, alternatives, some zombie firms) due to record inequality, giving an impression of currency oversupply.
In reality these Low interest rates is as in Japan indication of depression, terrible demographics, rising inequities. If innovation slows soon and so do productivity gains, we will feel a full 1929, which ended in wars. Gold, inelastic currency is a problem, not solution.
Abundant capital needs to be invested, not hoarded. Large institutions cannot invest in small businesses, it’s job of those with smaller wealth who are apparently dreaming of hard assets instead due to polarised despise of govt… larger players are happy to speculate on these gold dreams, hence pushing more interest with constant talk.
There was deflation for tens of years, money doing nothing, and even if you are worried about sudden anomaly short term spike inflation likely due to first in generation supply chain shock, you can put your money to work, solving problems, and long term you get inflation beating return
Just helping with the YouTube algo
Yeah used to own a little of Kirkland lake, sold out after a modest gain to invest long term into companies you introduce me to.