Mining Shares and Corona Shutdowns

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#1 Sat, Oct 10, 2020 - 9:47am

Green_Lantern

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Mining Shares and Corona Shutdowns

New member. Apologies if this has come up before. Was just wondering, I hear much about the potential wonders of leveraging the mining shares to get more bang for my buck. Isn't there also an increased risk that in the new age of corona mines could be forced to close operations for extended periods decimating their earnings?

#2 Mon, Oct 12, 2020 - 5:27am

7-seasons.com

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No. Corona is over. Turd mentions frequently that the current price of gold vs previous will make earnings great during this season. I think the main risk is if gold and everything goes down with the market in the "BIG ONE," like it did in March, and in 2008. Our solace is that gold goes down less than the market, and would go up faster after the crash.

#3 Tue, Oct 13, 2020 - 7:59am

Green_Lantern

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Mining Shares and Corona Shutdowns

Thanks for the feedback. Wish I could share your optimism that "Corona is over". I think "they" are going to milk it for a long time to come. If only because they can't admit that they screwed up the response big time.

#4 Sat, Oct 17, 2020 - 2:57pm

Green_Lantern

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SiropGud wrote:

I have to agree with you. That's why I wrote the post originally. Investing in the mining shares seems fraught with risk. It could go well but it seems there is a potential to lose a great deal if things go the wrong way. In the case of actual gold or silver the risk vector is 180 degrees reversed. In nearly any scenario one would be positioned to do exceptionally well. Thus my conclusion was and is, be sure you can afford to lose whatever you put into the miners.