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Gold Price Up, But Gold Miners Stocks Down...Investing in Gold!

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Gold has reached historical highs surpassing the $2000 mark but gold miners aren't following. I discuss gold price projections and also gold miners like Barrick Gold and Newmont.
0:00 Gold Situation
1:30 Gold Price
4:26 Gold In Portfolio
5:47 Gold Miners
7:33 Barrick Gold
11:41 Newmont Gold
15:16 Gold Miners ETF
16:15 Investing In Gold
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Опубликовано:

15 авг 2024

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Комментарии : 344

@Hyper1555 5 месяцев назад

One of the best and most in depth you have made in last few years. I knew these statements before your video, but I always had a soft spot for gold, but you opened my mind on how f*cked an ETF can be when most of the big componies just destroy share holder capital with otherwise a somehow good asset. Shame on them and the management and thank you for opening up these insight!

@Value-Investing 5 месяцев назад

my pleasure!

@midasderrek 5 месяцев назад

Last time he was bullish on gold stocks they went down, now he's bearish so now's the time to buy

@Value-Investing 5 месяцев назад

last time I was bullish on gold was in 2018

@minutemaniii7062 Месяц назад

Hahaha he is always behind and wrong😂😂😂😂

@CheesumX 5 месяцев назад

Good summary. It mostly confirms my own conclusion when I spent a few hours researching gold miners when Newmont was going down. Basically, the costs of production of the overall industry increased too much in comparison to the price of gold itself to make it any of them worth a buy (along with the rest of the cons for Newmont, i.e. the inherent risks of operations, share dilution, lower margins than competitors, etc.). I would have loved to buy the dip but I just couldn't justify doing so. The only miner I found to be interesting, both from a risk perspective and cost of operations, was Agnico Eagle Mines (AEM) but the share price was too high, likely because the company is of better quality.

@MrLTiger 5 месяцев назад

lmao "a few hours of research". you confirmed your bias on the internet and now you think you know anything.

@CheesumX 5 месяцев назад

@@MrLTiger Can't see you adding anything of value there, how about some proper arguments? Besides, if something needs more than a few hours of research before digging deeper, it's likely not a good opportunity.

@Value-Investing 5 месяцев назад

I haven't checked Agnico recently

@BetweenDogandWolf 3 месяца назад

Sven, I found your videos on newmont long after posting. At that time you were long Newmont… Am I understanding correctly that even this most recent dip was not a buy for you?

@lesleyjohnson8488 5 месяцев назад

You have the most startlingly blue eyes. Thanks for your rich and thoughtful research. It has been such an inspiration to me to think about the vertical and horizontal interplays within a particular industry and who is best situated to benefit from market fluctuations. 😊

@Value-Investing 5 месяцев назад

thanks!

@trevorroy3594 5 месяцев назад

Always such a pleasure to hear you're thinking. thanks sven!

@Value-Investing 5 месяцев назад

Thanks

@billcarruth8122 5 месяцев назад

Gold royalty and streaming is probably a better way to invest than in the actual miners. Franco Nevada, Wheaton Precious Metals, Royal Gold, Osisko Mining for some examples.

@Value-Investing 5 месяцев назад

yes, but those are also usually priced in that way

@RafitoMembroza 5 месяцев назад

@@Value-InvestingI think that Sandstorm is not priced in as the other royalties. That’s my only gold play, due to the low quality of the sector

@theodoroseidler7072 5 месяцев назад

Very good video, Sven. I understand your perspective as a value investor and respect it.

@Value-Investing 5 месяцев назад

thanks, if you are a gold bug you don't like it, but that is life.

@theodoroseidler7072 5 месяцев назад

@@Value-Investing I love hearing all arguments pro and con. Your analysis is very good. Thank you for the video!

@DiggingNorway 2 месяца назад

I have followed the gold space since 2010 and you pointing to the dilution from acquisitions and finance costs is a good explanation as to why especially barick seems to lag so much in performance given the last years price action

@Value-Investing 2 месяца назад

it seems they come after things happen

@andrewmitchell7592 5 месяцев назад

Thank you. It all makes sense now. So just gold miners are acting like Bitcoin's where their miners are getting hit with costs basically.

@AlessandroAnderson 5 месяцев назад

Thank you Sven, a really important video!

@Value-Investing 5 месяцев назад

Thanks

@gerardfa2856 4 месяца назад

Hi @Sven, it's such an insightful clip. Your points are totally spot on as gold price has risen drastically since the day of your video. That makes me wonder, would it be wise to stock up gold by taking high percentage of the portfolio in 24?

@Value-Investing 4 месяца назад

I don't know:-)

@Value-Investing 4 месяца назад

impossible to know

@peterhead5728 5 месяцев назад

2018 you missed half the move in gold and miners then you were telling everyone to average down on Newmont and now miners seem to be making a rounded bottom you are finally out. Barrick was around $5 in 2016 now it's $15 which is 3x but it was as high as $30 which is 6x and plus 8 years of dividends. Miners are bottoming now.

@Value-Investing 5 месяцев назад

thanks for sharing!

@issenvan1050 5 месяцев назад

@@Value-Investing Gold up, oil down, recession is imminent. Miners 🚀

@issenvan1050 5 месяцев назад

NEM is too big. Juniors are too risky. I focus on single-asset-producing mid-cap miners.

@Dr.Weed8 4 месяца назад

@@issenvan1050oil has a positive correlation to gold. Why wouldn’t oil also act as protection against currency debasement? Also they need oil to mine gold. I like both but I’m more bullish on oil short term. Not advice. Gold shorts are closed. SPR needs to be refilled. 850mm barrels of oil.

@RafitoMembroza 5 месяцев назад

This is one of your best videos. Good job, Sven.

@Value-Investing 5 месяцев назад

Glad you think so!

@zintun3575 Месяц назад

Will be great to see a follow-up video. Gold is now 2300 and resting.

@frantisekfrantisek8996 5 месяцев назад

If rates go down this year and gold prices hold, it might not be so bad. The current NEM valuation is below historical averages. Reserves per share remained practically the same even after the massive increase in the number of shares.

@Value-Investing 5 месяцев назад

interesting perspective, thanks!

@JpresValknut 3 месяца назад

A pretty conservative outlook if it were for the actual metal price and not the paper gold trading in the west

@jackblack5962 5 месяцев назад

Thanks Sven for the video explaining the capital destruction by gold miners. I am 30 and I have 100% of my allocation in miners. If we value NVIDIA it will be extremely overvalued but prices keep going up. Gold will do that, sooner or later and the miners will benefit.

@Value-Investing 5 месяцев назад

thanks for sharing!

@207j 2 месяца назад

What are your thoughts about PHYS?

@Eli-vf7io 5 месяцев назад

Interesting analysis on the miners. I’m not sure I agree though. If gold trades on sentiment, ( as does the market in general ) then so do the miners. I’m also not sure how you came up with your probability targets for gold. What is this based on ? I’m not sure there is any objective way to come up with a projected target for gold into the future. ( with the exception of EWT maybe )Otherwise it’s just guess work no?

@Value-Investing 5 месяцев назад

It is making scenarios based on the historical information I have. Then it is about seeing how the risk and reward fits one personally! But you are 100% correct, we can’t know the future

@Eline_Meijer 5 месяцев назад

Thank you for the detailed video Sven.

@Value-Investing 5 месяцев назад

Thanks for the comment!

@leverage2279 5 месяцев назад

You have the best value investing channel on youtube Sven! 😊 Will you ever make a video of an analysis on coal and and coal companies?

@thetruth4829 5 месяцев назад

Good analysis, you got the main point which is that the gold mining sector is cyclical. I believe we have bottomed out

@Value-Investing 5 месяцев назад

time will tell

@xxIFNTxx 5 месяцев назад

Hi sven, since the mining stocks have significantly underperformed gold, is there any bull thesis to miners other thab "timin the market" correctly for the cycle?

@paolovita1720 5 месяцев назад

Personally, I see the typical gold miner as an out-of-the-money call option: it has no intrinsic value over the long term, but has optionality value relative to some company-specific catalyst (acquisition, first pour of new mine, exploration success, etc.) or to sudden upside in the gold price. So yes, timing is essential here, and this space, like most commodities, is more a speculation than an investment.

@Value-Investing 5 месяцев назад

with gold and miners it is all about timing the cycle, looking at the risk and reward...

@TheWeeklyCommodity 5 месяцев назад

Be careful, gold and silver are in for a steep correction. Rapid gains like this simply can't hold... Buying gold or silver blindly right now is careless and reckless. HOLD - When gold drops again, go ahead and buy and same with silver. Were looking at under 80 oil for buy, under 23 for silver buy, under 2080 for gold buy and 1060 palladium for a sell.

@Value-Investing 5 месяцев назад

thanks for sharing

@NK-nx3qq 5 месяцев назад

Great video. I've went all in on mining stocks. At these low prices combined with the high prices of gold/silver I think it's a gift.

@Value-Investing 5 месяцев назад

Thanks for sharing

@95tillinfinity23 4 месяца назад

Get out now before a sell off.

@SchmickClub Месяц назад

Gold was over 1900 briefly in 2011, it's really not done a lot since then. I'm an Elliot Wave analyst for 20 years and never seen a more bullish setup with gold for the next 4 years. there will be a crash like with any boom but the boom is only just started when it bottomed in 2022 and recently broke highs that were resistance for many years. When new bull rallies emerge they generally last 3 or 4 years. Gold Miners in my view will be the next .com with many miners providing in exces of 10 x returns. Wait until sentiment turns which is already starting to heppen and all the trend watchers see the trend emerging. They'll jump off the likes of bitcoin and tech stocks taht are way over valued. They don't care what it is they just don't want to miss a good trend.

@woyen88 5 месяцев назад

Good timing as I was thinking about buying gold miners if the price dropped more!

@Value-Investing 5 месяцев назад

:-)

@SchmickClub Месяц назад

@@Value-Investing i bet you wished you did. Gold minors are at historically low prices even though many have recently dobled in price. Buy the stocks no one else wants, don't wait until the boat has already sailed. Sven argument against minors not showing good value is all based on Miners being diluted. So what if they have been diluted by half. They are trading at ridiculously low multiples so already grossly undervalued.

@praveenmj1 5 месяцев назад

Do an analysis of the books. THE FIAT STANDARD. BROKEN MONEY. THE BULLISH CASE FOR BITCOIN. THE BITCOIN STANDARD.

@99vehicles99 4 месяца назад

B2Gold looks very interesting, especially in 2025 :) What do you think?

@jimhendrickson5553 5 месяцев назад

One thing I've noticed with miners is they have a tendency to obtain long term debt in the good years which really hurts price in the volatile periods.

@Value-Investing 5 месяцев назад

yes because invest in more production that isn't as profitable in downturns

@jimhendrickson5553 5 месяцев назад

@@Value-Investing Yeah, alot of CAPEX in a gold mine.

@johnmcquaid7524 5 месяцев назад

Thank-you for the video!

@Value-Investing 5 месяцев назад

:-)

@SchmickClub Месяц назад

You miss the fact that Gold Miners are the most undervalued sector and now with the price of Gold becoming highly profitable. Since the low in 2022 many Gold miners have doubled or trippled in value and Gold is only just getting started. It doesn't also touch on the phycology of trends and what happens when a trend starts emeging. If you look at all Gold Miners combined there is clearly bullish divergence. Gold companies are trading at extremely low multiples (even if they have been diluted) compared to say sexy tech stocks that could be 20X multiple higher. Disregard Gold Miners at these historically low prices at your own peril.

@Value-Investing Месяц назад

thanks for sharing

@alexandervoronin5323 5 месяцев назад

Perfect timing, just one day before the gold rally!

@Value-Investing 5 месяцев назад

Thanks for sharing

@sktigerarmy2863 3 месяца назад

I found 2,500 shares at a dollar a share from 1967 from Carlin gold. It was no.6 issued Cleaning out my grandparents place after they passed. Is it worth anything?

@sacha7607 5 месяцев назад

Gold prices can be quite dramatic especially when there is a currency devaluation

@Value-Investing 5 месяцев назад

depends on the currency :-)

@Dr.Weed8 4 месяца назад

The gold short sellers closed out. That pushed it up a bit. The price of gold mining is going up and demand is high. The risk of short sellers coming back in could push it back to $1900. However gold is used is semiconductors. Tin, tantalum, tungsten and gold. Just saying maybe electronic demand is going up too. Just my option not financial advice to buy sell or hold. However I do personally own gold I bought around $1600 and I don’t plan on selling.

@Concojone5 5 месяцев назад

Right, AISC refers to sustaining the existing mine, it doesn't pay for future mines.

@christianlorenz843 5 месяцев назад

Thanks, Sven! Great episode. Any plans for a report on silver?

@Value-Investing 5 месяцев назад

not until there is a recession. P.s. silver miners are even worse than gold

@christianlorenz843 5 месяцев назад

@@Value-Investing Sure, I understand. Thanks again.

@tylermeis2926 5 месяцев назад

I told a friend recently about how the government's spending on net interest will skyrocket in the near future, which I learned from how you've showcased that JPM chart of the federal budget. He replied that it doesn't matter much because the US GDP is so huge that net interest payments will still be a small fraction of GDP. Do you think that's a valid argument? I don't really know how GDP interacts with the federal budget.

@Value-Investing 5 месяцев назад

interest payments went from 2% to 4% of GDP and will just get higher as those are growing faster than GDP. Tell your friend to take another look.

@tylermeis2926 5 месяцев назад

@@Value-Investing who knows how much the interest payment will matter if it never gets above ~10% of GDP? I certainly don't. Thanks for the reply.

@chhuntley5616 5 месяцев назад

With no exposure to precious metals would Platinum( at year lows) be a opportunity with gold at highs . Appreciate any feedback $Aus 47000 -1 Kg $Aus 42000 - buy back Seems a bit rich but if one went long?

@Value-Investing 5 месяцев назад

it is related to the car industry, thus very cyclical

@chhuntley5616 5 месяцев назад

Thanks Sven for your time

@DontuseGoogleorWiki 4 месяца назад

@@chhuntley5616 and also the spread if far greater - both in and out.. WoT in my book

@benlin3203 5 месяцев назад

That is nothing compared to inflation.

@Value-Investing 5 месяцев назад

:-)

@nonexistent5030 5 месяцев назад

Mining is heavily dependent on interest rates and cost of mining equipment and labor. Just cus cost of gold goes up doesn't mean profits will explode as long as cost of doing business rises as fast revenue. Declining margins in rising revenues is a real risk in this space.

@Value-Investing 5 месяцев назад

it is also about capital allocation and correct timing, which miners seem to always get wrong

@davidedeltoro4117 5 месяцев назад

Another brilliant video! Thanks Sven! I don't like Gold Miner Either!

@Value-Investing 5 месяцев назад

Thanks!

@xromasik 5 месяцев назад

What about gold royalties?

@Value-Investing 5 месяцев назад

it seems it is the better business model, but also pricy

@jchong416 5 месяцев назад

I inhereted a bunch of gold miner stocks from my dad about 4 years ago and they haven't even gone back up to their share prices back then

@ADKfreeman 5 месяцев назад

Honestly Im biased but if I were you I'd hold onto them for a couple years.

@Value-Investing 5 месяцев назад

2020 was the peak

@kasparskokins963 4 месяца назад

maybe replay on gold miners, up 25%, if gold keaps this level, earnings will be something else

@JJ-ix4zr 5 месяцев назад

I know you dont approach on your channel into cripto , but can you make a video explaining what an etf is blackrock , ark ,grayscale launched a new etf on bitcoin .

@Value-Investing 5 месяцев назад

They launch whatever they can get a fee on :-)

@vkolodrevskiy 5 месяцев назад

How is alibaba doing?

@trevorjones3530 5 месяцев назад

Ask Xi...he has my money and I will give him no more!😅

@Value-Investing 5 месяцев назад

Thanks for the question!

@gymwizio126 5 месяцев назад

Seems like there is a very simliar thing happening to bitcoin and bitcoin miners, thoughts?

@Value-Investing 5 месяцев назад

Not my cup of tea :-(

@roberttaylor3594 5 месяцев назад

you did a show on Lundin gold a while ago. They have done ok in the last year, though very choppy, almost as if it is being manipulated by the market since the volume is so low.What is 'excess savings"? Sounds pretty subjective...

@Value-Investing 5 месяцев назад

The extra money people have, that would not be there without pandemic

@paulchevrette481 5 месяцев назад

Hey sven great video what do you think about royalty companies? like FNV just to give an example.

@paulchevrette481 5 месяцев назад

Eh saw you cover it at the end lol sorry i didnt wait all the way.

@Value-Investing 5 месяцев назад

:-))

@tmoenner 5 месяцев назад

what about AEM or B2Gold, complete different issue.You picked the two miners not doing very well

@Value-Investing 5 месяцев назад

of course, it depends on the miner!

@sunnysider6350 4 месяца назад

@@Value-Investing AEM doing relatively better in this regard dilution. Gold price moving up faster than dilution effect for awhile.

@AdamHogan81 5 месяцев назад

Seabridge Gold $SA has a business model that actually does the opposite of what Barrick and Newmont do in regards to share dilution ect. One of the world's largest resources of gold, copper and silver,with a risk-reduced strategy to grow resources, and reserve ownership per share.

@Value-Investing 5 месяцев назад

thanks for sharing!

@marinikc8780 5 месяцев назад

thx, that responds most of my questions regardind investing in gold companies! wanted to add them to my portfolio, but i don't see the value there; plus the intensive capital, at high rates...! how do you feel on other materials, like copper, iron, rare metals, etc? given the fact that NEM, GOLD Barrick also produce those! from Materials sector, i like FCX (for copper, especially) - do you think it's a good value at under 33$?

@Value-Investing 5 месяцев назад

I like those but only in a recession

@themisspiliopoulos4609 5 месяцев назад

Silver??

@Value-Investing 5 месяцев назад

silver is more used in industry and thus more affected by recessions while most producers just produce it as a by-product.

@luca3879 5 месяцев назад

Great video Sven, Gold miners are difficult to understand for a lot of people and you have done an awesome job. I would like to ask you a question, miners have huge reserve of minerals, for Gold miners mainly silver and Gold, theese reserves have an effect on the value of theese companies?

@Value-Investing 5 месяцев назад

those are still in the ground, there is a cost of mining those and it takes years, so it all depends on the price of those and cash flows coming from that!

@luca3879 5 месяцев назад

@@Value-Investing so when they said that "the reserve increase to 95 million ounce" it's all on paper, they don't have material reserve of Gold

@wealthydetective1619 5 месяцев назад

At minute 8-9, you are comparing 2018 projections of GOLD, vs 2023-2024 of GOLD+COPPER..

@Value-Investing 5 месяцев назад

it is both gold equivalent ounces

@wealthydetective1619 5 месяцев назад

@@Value-Investinggot it! Thanks for the clarification! Keep it up with the great work you're doing!

@siemendhooghe5363 5 месяцев назад

Hey Sven, currently in Europe we are seeing an increased investing in military equipment with looming threats of war. I was reminded of the investor Livermore who invested in the steel industry during such times. I was wondering whether you could analyse the current European steel industry (which seems mid-priced)?

@Value-Investing 5 месяцев назад

In case of war, you will not have to worry about you stocks

@sandysamith7218 5 месяцев назад

Another great video. I dropped AEM and take small position in FNV. I wonder the geography of your audience exposure?

@Value-Investing 5 месяцев назад

global

@BWater-yq3jx 5 месяцев назад

What do you think about the historical loaf of bread to gold ratio? i.e. 350 X (1kg) loaves = 1 ounce of gold. Currently, avg 500gm loaf in USA is $3.56 (According to Numbeo cost of living) So, 700 X that = $2492. Suggesting 15% upside atm.

@Value-Investing 5 месяцев назад

no idea, it could work, it couldn't. ...

@BWater-yq3jx 5 месяцев назад

@@Value-Investing My thinking is that references like that serve as a kind of reality check, since gold has kept reasonably close to it over time.

@SDM496 5 месяцев назад

Good one Sven!

@Value-Investing 5 месяцев назад

Thanks!

@genadiyankov 5 месяцев назад

You should take a look at gold royalty companies. Especially Sandstorm Gold $SAND

@Value-Investing 5 месяцев назад

thanks for suggesting

@gzme 5 месяцев назад

Hi @sven I just came back to thinking about this. I think you really need to look at the long term production profile of these acquisition. Eg, newmont bought newcrest not for adding a big % to production next year, but because newcrest mines have a life out 25 years, where as newmont existing mines I think are all done in the next decade. So these acquisition are maybe much more about long term production maintenance than next year production boost

@Value-Investing 5 месяцев назад

this is because Newmont is incompetent and therefore they need to dilute shareholders by 40% just to stay in business

@gzme 5 месяцев назад

@@Value-Investing perhaps, or perhaps not. The future is unknowable and it could turn out to be a good deal. If newmont would be pretty low production in 8 years without the deal, then the future cash flows and optionality don't look great. With 25 years of decent production added, you could argue it's a good deal but you'd need to discount future production, margin, and time value of money - all of which would be estimates. Newmont without any m&a certainly looked a bad business. In a couple of years this could look a good deal

@twisttwister8254 5 месяцев назад

I think u finally explained why gold miners are the worst investment ever...... unless u have perfect timing like a pro trader.

@Value-Investing 5 месяцев назад

those are not to hold for the long term for sure!

@SDM496 5 месяцев назад

Come what may, I always recommend everyone to keep 10% of their portfolio in Gold or metals. Even if you are not fond of metals for whatever reasons just keep some investments as insurance.

@Value-Investing 5 месяцев назад

the effectiveness of that insurance depends on the price paid!!

@SDM496 5 месяцев назад

@@Value-Investing Considering the amount of money which has been printed in the last 5 yrs the price of gold is not overvalued.

@d3ly51d 5 месяцев назад

Very eye opening analysis Sven. Thank you. (I'm going all in on Carlin mine!)

@Value-Investing 5 месяцев назад

:-))))

@ashtagging 5 месяцев назад

Hi Sven I would be very interested to know your thoughts on the Chinese ecommerce sector namely BABA/PDD/JD. BABA and JD seem to be trading at very low Price to FCF ratios compared with similar companies like Mercado & Amazon in other markets.

@Value-Investing 5 месяцев назад

thanks for suggesting

@peterjohn5834 5 месяцев назад

Superb presentation thanks

@Value-Investing 5 месяцев назад

Thanks!

@leestringer 5 месяцев назад

Hey Sven, considering you're recent video on Albermarle, I'm wondering what you think of their recent 2 Billion dollar stock dilution.

@Value-Investing 5 месяцев назад

I don’t think about it! Other factors are more important as discussed

@tocaciulevente992 5 месяцев назад

First Like! (finally after 4 years) 😂

@Value-Investing 5 месяцев назад

Thanks!! You are a patient investor :-)

@andriiboik523 4 месяца назад

Sven pls answer is it time now buy gold for long term investment?

@Value-Investing 4 месяца назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-PYWG1MPIL2k.html

@andriiboik523 4 месяца назад

@@Value-Investing the problem is i have watched it yestarday, but still have question whether buy now or wait some correction?

@dassa0069 5 месяцев назад

Gold is the only money you can trust. When the Recession really takes hold, what are you going to do with copper? Gold miners have cleaned up their balance sheets. They have healthy cash flows. You're buying pieces of businesses not lottery tickets.

@Value-Investing 5 месяцев назад

depends on the price of gold

@dassa0069 5 месяцев назад

@@Value-Investing I have been buying since the 60s@ $30/ounce.

@thehungergames8918 5 месяцев назад

Silver 🥈 is a great opportunity 😃🙏✊

@Value-Investing 5 месяцев назад

thanks for sharing

@sheanathan3566 5 месяцев назад

Great analysis

@Value-Investing 5 месяцев назад

thanks!

@prygler 5 месяцев назад

Gold is historic cheap relative to the stock market. It will go up in the recession with alot of interest cuts

@Value-Investing 5 месяцев назад

could happen!

@mbg9650 5 месяцев назад

Do you follow gold/lumber ratio as an indicator for risk on/off market?

@Value-Investing 5 месяцев назад

not really

@tacocruiser4238 5 месяцев назад

The solution is to buy shares of small-cap miners and explorers (like Dolly Varden Silver) and make massive profits when these small companies are bought out by the large-cap miners. Large miners like Newmont and Barrick Gold making these stupid acquisitions can be a good or bad thing depending on which side of the transaction you are on. Just be on the winning side!

@ADKfreeman 5 месяцев назад

Or they can go to zero after bankruptcy.

@tacocruiser4238 5 месяцев назад

@@ADKfreeman Don't invest money that you are not ok with losing. This applies to any of these miners. Vast majority of miners (both big and small) are losing money right now. Also, the whole purpose of explorers is to get acquired by miners. They are not supposed to make profits from operations. The process of mining gold/silver involves exploring, developing, and operating the mine. You need to invest in all three phases.

@Value-Investing 5 месяцев назад

if they are not acquired you go to zero

@ADKfreeman 5 месяцев назад

@@tacocruiser4238 Im heavily invested in miners and am capable of absorbing significant loses without it affecting my daily operations. Just the reality of JRs is a real with thin markets, no operating margins and shady management.

@whiskey_tango_foxtrot__ 5 месяцев назад

I gotta admit, with the insanity of central bank printing/deficits and wars without end, i expected at least a short time of gold panic buying by now.

@shsal110 5 месяцев назад

Those narratives will always have a receptive audience (i.e., people looking for confirmation of previously held opinions). But long term investors will benefit more from an optimistic perspective and taking a balanced view of things

@shsal110 5 месяцев назад

One further addition, BTC/crypto also scratch the same itch that gold bugs have always had, thereby diluting the demand for gold

@Value-Investing 5 месяцев назад

maybe things will switch, that is the risk, gold isn't producing anything

@soullama7237 5 месяцев назад

Gold 10X on the way folks buckle up your seat belt. Still per ounce GOLD price is pretty low, load up at least one ounce.

@Value-Investing 5 месяцев назад

thanks for sharing

@elrevesyelderecho 5 месяцев назад

10:36 governments print money. Companies increase shares. Nominal magic trick to increase "value" destroying real value

@Value-Investing 5 месяцев назад

:-)

@hydranth 5 месяцев назад

If you are right and there is 40 % chance of 5000 gold, 40 % of 2500 and 20 % of 1500 gold, you still have combined result of 3300 USD gold in 2030...

@Value-Investing 5 месяцев назад

Yes, but maybe just beats inflation by then

@jmc8076 5 месяцев назад

@@Value-Investing Some say drawn out deflation coming 2-3 yrs. Plus some big banks/ers ‘lost decade’ of flat earnings. Global excl key EMs due to certain factors. We’ll see.

@chrisapplebach4756 5 месяцев назад

Best Channel On RU-vid!!!

@Value-Investing 5 месяцев назад

thanks!

@Dr.Weed8 4 месяца назад

If you’re buying gold you should hold oil too if you think currency will be debased.

@Value-Investing 4 месяца назад

Currency is debased constantly, the hard part is to know at what speed and when! In addition to the value vs. Price of the supposed hedge!

@Sherif8928 5 месяцев назад

King of mining , thanks for the video

@Value-Investing 5 месяцев назад

My pleasure

@GillAgainsIsland12 4 месяца назад

That's 6 years out. Way too conservative. It will do it within half that time. The world is changing fast.

@Value-Investing 4 месяца назад

thanks for sharing

@christianlorenz843 5 месяцев назад

Thanks!

@Value-Investing 5 месяцев назад

Thank YOU!

@volkerr. 5 месяцев назад

On the long run - through centuries - gold keeps along with inflation. On a shorter run gold will be very volatile. Everything between 800-5.000 US$ per Oz is possible in the next 20 years or so

@Value-Investing 5 месяцев назад

absolutely agree!

@SzymonStas 5 месяцев назад

So what you’re saying is that we should YOLO everything into high cost junior producers?

@Value-Investing 5 месяцев назад

No, I did not say that, I said that if one must invest in miners, it is proper to analyze one by one and make one's own basket.

@SzymonStas 5 месяцев назад

@@Value-Investing I know, I was making a joke. Nobody in their right mind would suggest going all in on an extremely risky mining investment hahaha! 😁

@kqh123 5 месяцев назад

You said gold went from $1000 to $2000 and showed a chart from 2016 to 2024 but the chart you showed for the miners were from only 2020 to 2024

@Value-Investing 5 месяцев назад

yes, miners went up initially but didn't hold

@kqh123 5 месяцев назад

Yes, miners went up from 2016 to 2020, and down from 2020 to 2024

@TheDarkd3ath 5 месяцев назад

What about showcase minerals

@Maximus_goldenretriever 4 месяца назад

Brookmount gold..💸💰

@user-qt6yl2ne2z 5 месяцев назад

How does it look with lithium stocks ? (ALB)

@Value-Investing 5 месяцев назад

here you go: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-6XvJMFPHiJk.html

@whiskey_tango_foxtrot__ 5 месяцев назад

Many gold stocks are also paying a very nice dividend now.

@Value-Investing 5 месяцев назад

thanks for sharing!

@Car-guy307 5 месяцев назад

Invest with the assumption that the $ goes to near zero over the next 50 years

@andreandre1345 5 месяцев назад

gold and silver ETC to ride the next upcoming bull run!!!!

@Value-Investing 5 месяцев назад

Thanks for sharing

@Bobby.Kristensen 5 месяцев назад

With all money printing I think it is insane to not own any gold at all, it doesn't grow or give any yield so I wouldn't have much.

@Value-Investing 5 месяцев назад

there are other options that produce something, like houses...

@_mklein 5 месяцев назад

Hi Sven, please review VALE - Brazilian mining Thanks 🙏

@Value-Investing 5 месяцев назад

too early for iron, wait for it below $60

@miellamborghini7003 5 месяцев назад

Carlin is on of the best mines 😂😂

@Value-Investing 5 месяцев назад

just keeps on giving...

@twisttwister8254 5 месяцев назад

Excellent 🎉

@Value-Investing 5 месяцев назад

thnks!

@user-ei8zn6rp6i 5 месяцев назад

Gold for me is not an "investment", it is the ultimate airbag when the fiat system explodes or whatever. An investment delivers FCF so I am lost why you would even try to give it a % of pricing targets? One thing is clear FED balance sheet will be much bigger in 2030.

@Value-Investing 5 месяцев назад

correct, balance sheet bigger in 2030

@twisttwister8254 5 месяцев назад

Gold is an insurance policy...it will save u when fiat collapses...which was suppose to happen 40 years ago or so according to gold experts, other than that...buy the stock indexes. Gold has always been my worse investment.

@Value-Investing 5 месяцев назад

:-)) thanks for sharing!