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?
REPLY
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.
Green_Lantern wrote:
The Coronavirus 2019, global pandemic has not only caused infections and deaths, but it has also wreaked havoc with the global economy on a scale not seen since at least the Great Depression. Covid-19 has the potential to destroy individual livelihoods, businesses, industries and entire economies. The mining sector is not immune to these impacts, and the crisis has the potential to have severe consequences in the short, medium and long-term for the industry. Understanding these impacts, and analysing their significance for the industry, and the role it plays in wider economic development is a crucial task for academic research.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?
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.
The Coronavirus 2019, the
The Coronavirus 2019, the global pandemic has not only caused infections and deaths, but it has also wreaked havoc with the global economy on a scale not seen since at least the Great Depression. Covid-19 has the potential to destroy individual livelihoods, businesses, industries, and entire economies. The mining sector, trade stocks are not immune to these impacts, and the crisis has the potential to have severe consequences in the short, medium, and long-term for the industry. Understanding these impacts, and analyzing their significance for the industry, and the role it plays in wider economic development is a crucial task for academic research.
