The monetary metals are a great store of wealth preservation, but the mining shares will or could make you rich. Just use the fiat for tangibles.
The monetary metals are a great store of wealth preservation, but the mining shares will or could make you rich. Just use the fiat for tangibles.
Shares are great way to leverage the gold and silver price, that's for sure. But i lost a lot of money with the mining shares some years ago, during the downturn in metal prices the smaller companies all start to cannibalize themselves to survive, they diluted the shares to nothing. I still have some but they are still a lot less than what I paid for them. Cheers
Yes the mining companies can be dangerous in that way. I'm currently hold share in mining companies that Keith Nemyer either owns or is involved with. First Majestic Silver, Silver One, First Mining Finance, and Zinc One.....I also have some First Cobalt shares. Hopefully I won't lose too much.
No, I hope you make a fortune, not a loss.