Dec 31, 2020
Did any of this make any sense to me? In the greater part, I was incredulous at the insane valuations of the DJIA style markets.
First on the left is the DOW, on the right is the Average Stock that you or I might own. Did you notice they went up in lockstep, and were equal at the end whereas
our average stocks usually lagged. Apparently the insanity is contagious or the markets knows something we don’t. Apparently as well, the market for Metal Gold and for Senior Gold Miner Stocks knows something also.
The BLUE line is the GDX, index of the Senior Gold Miners.
The RED line is the price of the Canadian Royal Mint’s Gold Metal inventory of .9999% gold used to mint the RCM coins. There have done more or less the same thing, arriving at the same place, about the same time as the DJIA and our Average Stock.
Thank goodness Bitcoin is going thru the roof, taking pressure off REAL GOLD METAL prices so we can still buy some before the price skys on us.
DEC 31, 2020
Won’t there always be Gold to buy in Bullion Coin form ? Yes but at what price ? The fractionaRCM Gold coin I bought back in 2015, when everyone was sure Gold was going to break down and go to Hell in a hand basket, has doubled since then, with no attention from me. Its resting comfortably. Silver on the other hand has been an uneasy rider from that point forward, the bullion coins returning to their post mania plateau of days past, only this year. So were are we at: Gold has doubled, and Silver is back where it was in the years following its Post-Mania correction.
Where does that leave us. I hope, balanced between assets in Silver, and assets in Gold. Gold Miners, and Silver Miners are going to fluctuate with wars and rumors of wars. Always. What can you do, what should you do?
Protect your assets. Looking at all the data, you can see that families without assets, depending on wages, once adjusted for inflation and cost of living, have been impoverished by declining wages by Fed’s own charts and data. Should you be in stocks? Would you go out in the jungle or on the Arctic tundra as a rookie, or without a guide who knows the territory? Would I send the uninitiated out to the slaughter with no remorse. NO, NO and NO.
Look around, consider a free copy of the common sense, easy to understand “DG Letter” Straetgy & Tacktics by dropping me a note to “DenaliguideX@Protonmail.com, and requesting a free copy. See if it is as simple and easy to understand as I been striving to make it. It might make a difference for you, and your family. If you like it you may wish to subscribe to it, which is back by a no-questions money back satisfaction guarantee.
Best of all possible New Years to you and yours.