03-22-2020, 06:03 AM
"If you want gold for an investment"
Don't forget shares in mining stocks. The price of mining is relatively fixed except for the cost of petroleum (which is in the gutter) so the "spot" price can't dip too far below the cost of mining (or the mining stops) so when the price of gold goes up the profit margins for the mining companies go from close to "break even" to HUGE and the value of the stock can rise exponentially while the cost of gold only rises in a more linear fashion. I'm no expert in this field but I do know individuals who work in the mining industry. Most gold doesn't come from a "gold mine" it's a metal that is extracted while they are mining for something "consumable" like silver or copper.
Don't forget shares in mining stocks. The price of mining is relatively fixed except for the cost of petroleum (which is in the gutter) so the "spot" price can't dip too far below the cost of mining (or the mining stops) so when the price of gold goes up the profit margins for the mining companies go from close to "break even" to HUGE and the value of the stock can rise exponentially while the cost of gold only rises in a more linear fashion. I'm no expert in this field but I do know individuals who work in the mining industry. Most gold doesn't come from a "gold mine" it's a metal that is extracted while they are mining for something "consumable" like silver or copper.