I watched two videos from Peter Schiff. He forecast the impending collapse of the US dollar due to their huge debt and the potential loss of their role as a reserve currency.
When that happens, he expect the price of gold to shoot up. An alternative to investing in gold is to invest in a gold mining company. He said that Warren Buffett has also moved in gold mine shares.
I found that Warren Buffett's company recently invested in Barrick Gold. It is a large gold mining company in Canada and has a large market capitalization.
5 comments:
Already invested in gold liao. Handouts all the 18k gold like candies. Future collects 24k gold like......???
Another option is gold royalty companies, which are like "reits" on gold mines e.g. Franco Nevada & royal gold. Both large companies in US. You can Google their stock prices over the last 20 years.
Simple etf for gold companies is GDX. Another easy method. In addition to gold etf itself.
They are seldom generous, maybe only in infrastructure, but 100 billion was generous to a fault, we can't help but wonder what is the gimmick?
Some companies return the large sums of money citing they do not need it. Some individuals in despair but have to push through the red tapes to apply for a small sum. That kind of talent, I also can.
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