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Gold or gold stocks?

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@wayneL " Here's an interesting question then... I've got coins that I've purchased way back in 1982 and have added a little bit here in there since then, but a little bit more serious buying since 2019. "

Check to be sure but no GCT pre 1983 purchases!! (maybe 85)
 
Austwide said:
@wayneL " Here's an interesting question then... I've got coins that I've purchased way back in 1982 and have added a little bit here in there since then, but a little bit more serious buying since 2019. "

Check to be sure but no GCT pre 1983 purchases!! (maybe 85)
Click to expand...
Good point
 


9 December 2020
Market crash coming? Jim Rogers says not yet; invest in these ‘hated’ assets
Gold mentioned some 13 minutes in.
 
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Gold invariably does well in January, so do some gold stocks, still holding some 1oz little gold bars bought at $1650 but OGC wish I never heard of hem.
 
Any thoughts on NST ???
I'm thinking of buying more....or should I go for silver if so which stock ?
 
@MrBurns I'm holding NST but its become too volatile lately for me to buy. Also it's too hard to value it when the Saracen merger happens, all the fundamental stats are all mixed up like the book value and ROE. The M.D of NST has been showing himself to be pretty greedy in allotting himself performance shares - I've gone right off him. It's not like he's risking his life in his occupation and he's enjoying the benefits of a bull market.

A lot of punters have come to grief backing Australian silver stocks. It's a field infested with charlatans who know their prospects will boom on speculation during rising silver prices, whatever the quality of their projects. One example is Macmin Mining which busted in the first silver bull and then reincarnated as Alcyone Resources by repackaging the same crap project (Texas silver mine in QLD). Alcyone then rapidly proceeded to hyperinflate their share issuance to pay management before busting in the second silver bull. Macmin/Alcyone were symptomatic of the 'industry', not an isolated example.

I've been investing in Horizon Resources (HRZ) for its W.A gold project and still have a partially filled bid for more @10c but HRZ also has an idle silver project called 'Nimbus' that has a chance of revival or sale. I haven't looked into it much.

"Horizon Minerals is the result of a merger between Intermin Resources (ASX: IRC) and MacPhersons Resources (ASX: MRP), which subsequently delisted in June 2019.
The emerging gold producer has exposure to silver by way of its 100% owned Nimbus silver-zinc-lead-gold project near Kalgoorlie-Boulder in Western Australia.
Nimbus is a shallow-water and low-temperature volcanic hosted massive sulphide deposit with epithermal characteristics.
It has a current mineral resource estimate of 12.08Mt at 52g/t silver, 0.2g/t gold and 0.9% zinc containing 20.2Moz silver, 77,000oz gold and 101,000t zinc.
Within this global resource, Nimbus has a high-grade silver-zinc resource of 255,898t at 773g/t silver and 13% zinc containing 6.4Moz silver and 33,000t zinc.
No recent activity has been reported for this project"

Another goldie explorer I have been accumulating is Kingwest Minerals (KWR) also near Kalgoorlie. They inherited mining licences within their tenements so don't have to go through the application processes. They are near a number of processing plants raising the expressed option of early contract mining and toll milling. They're on a richly endowed historic field where underground mining was halted during the WW2 years and pit mining ceased in the late 1990's during $400/oz prices

For silver I have a metal account with a dealer for the physical metal but of course there is no leverage in that. My equity exposure is limited. I hold some S32 which has magnificent silver exposure in two early stage projects but production is years down the pipe-line. S32 also owns Cannington lead/silver mine but S32 silver exposure is diluted by all its other mineral interests. I have also been buying Kingsgate Consolidated (KCN) which owns a 'shovel ready' silver project in Chile - Nueva Esperanza. But KCN is mainly a speculation on a litigation outcome against the government of Thailand.

I've talked about what I am doing because we can't make recommendations but also I can't resist warning against Australian primary silver mining or exploration projects when the topic comes up. The same dud projects are out there being repackaged to take advantage of the next crop of silver enthusiasts during the next silver craze

smallcaps.com.au

Silver stocks on the ASX: The Ultimate Guide

In this report on ASX listed silver stocks Small Caps covers which companies are exploring and mining the commodity, including a market overview of silver supply and demand.
smallcaps.com.au smallcaps.com.au
 
finicky said:
@MrBurns I'm holding NST but its become too volatile lately for me to buy. Also it's too hard to value it when the Saracen merger happens, all the fundamental stats are all mixed up like the book value and ROE. The M.D of NST has been showing himself to be pretty greedy in allotting himself performance shares - I've gone right off him. It's not like he's risking his life in his occupation and he's enjoying the benefits of a bull market.

A lot of punters have come to grief backing Australian silver stocks. It's a field infested with charlatans who know their prospects will boom on speculation during rising silver prices, whatever the quality of their projects. One example is Macmin Mining which busted in the first silver bull and then reincarnated as Alcyone Resources by repackaging the same crap project (Texas silver mine in QLD). Alcyone then rapidly proceeded to hyperinflate their share issuance to pay management before busting in the second silver bull. Macmin/Alcyone were symptomatic of the 'industry', not an isolated example.

I've been investing in Horizon Resources (HRZ) for its W.A gold project and still have a partially filled bid for more @10c but HRZ also has an idle silver project called 'Nimbus' that has a chance of revival or sale. I haven't looked into it much.

"Horizon Minerals is the result of a merger between Intermin Resources (ASX: IRC) and MacPhersons Resources (ASX: MRP), which subsequently delisted in June 2019.
The emerging gold producer has exposure to silver by way of its 100% owned Nimbus silver-zinc-lead-gold project near Kalgoorlie-Boulder in Western Australia.
Nimbus is a shallow-water and low-temperature volcanic hosted massive sulphide deposit with epithermal characteristics.
It has a current mineral resource estimate of 12.08Mt at 52g/t silver, 0.2g/t gold and 0.9% zinc containing 20.2Moz silver, 77,000oz gold and 101,000t zinc.
Within this global resource, Nimbus has a high-grade silver-zinc resource of 255,898t at 773g/t silver and 13% zinc containing 6.4Moz silver and 33,000t zinc.
No recent activity has been reported for this project"

Another goldie explorer I have been accumulating is Kingwest Minerals (KWR) also near Kalgoorlie. They inherited mining licences within their tenements so don't have to go through the application processes. They are near a number of processing plants raising the expressed option of early contract mining and toll milling. They're on a richly endowed historic field where underground mining was halted during the WW2 years and pit mining ceased in the late 1990's during $400/oz prices

For silver I have a metal account with a dealer for the physical metal but of course there is no leverage in that. My equity exposure is limited. I hold some S32 which has magnificent silver exposure in two early stage projects but production is years down the pipe-line. S32 also owns Cannington lead/silver mine but S32 silver exposure is diluted by all its other mineral interests. I have also been buying Kingsgate Consolidated (KCN) which owns a 'shovel ready' silver project in Chile - Nueva Esperanza. But KCN is mainly a speculation on a litigation outcome against the government of Thailand.

I've talked about what I am doing because we can't make recommendations but also I can't resist warning against Australian primary silver mining or exploration projects when the topic comes up. The same dud projects are out there being repackaged to take advantage of the next crop of silver enthusiasts during the next silver craze

smallcaps.com.au

Silver stocks on the ASX: The Ultimate Guide

In this report on ASX listed silver stocks Small Caps covers which companies are exploring and mining the commodity, including a market overview of silver supply and demand.
smallcaps.com.au smallcaps.com.au
Click to expand...
Any view on SVL?
 
Thanks fellas the problem is this -
Money in the bank is useless.
Bank offered me .11% so I just placed it back in a TD for 14 days till I decide what to do.
I'm burning capital every time I shop.
I'm retired no income but asset ok, but don't qualify for any benefits.
I either buy gold and hope it goes up then take the profit along the way or find a dividend stock that I can rely on.
 
I haven't looked at it @qldfrog, it being in a category I now ignore, viz aussie primary silver stocks.
Out of interest in the upcoming sector swindle thougn I'll check it out during the rest of the week and comment on its thread fwiw.

I do think the best way though is to buy producers of other minerals that have silver as a by-product - Sandfire (SFR) is another like this apparently I just read. If not a producer, then an explorer/miner with credible prospects in another metal which is its principle focus (gold, copper) and again looking to silver as a by-product.
 
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MrBurns said:
Money in the bank is useless.
Click to expand...
That depends, it might be the best asset to have this year - sometimes it is. People are being forced into risky speculation by low interest rates
My 'suggestions' are a bit useless if you need income generation except for S32 (you might like to look at SFR in this context too). I procrastinated about buying SFR and feel it's got away but have it high on a watchlist if there's a crash. HRZ and KWR are too risky if finances are tight.
Money in the bank is a lot better than getting ripped off by white collar quasi criminals and if there's a crash anyone holding cash will have opportunity.
 
Thanks , I don't have a good history with shares, bought SDL they went bust.
AC8 losing a bundle there.
NST Ok
Down on VHS and VHY but they should be ok in the end
Also IGL down there as well
 
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@MrBurns have you looked at Regis Resources (RRL)? Might fit your criteria. It doesn't shoot the lights out for capital gain but has been a reliable franked dividend payer for the last 5 years - should be good for another 16c div fy2021 which is 4% ff yield on the closing price today of $3.85, not counting the imputation credit. It performed on a +20% ROE for the last 5 years which looks repeatable for fy21 if there's not a crash, had a really bad year in 2014. It's holding quite a bit of cash too although this might be ear-marked for an upcoming project development (McPhillamys in NSW). It is criticised by some for its heavy hedge book but that speaks to the conservative nature of management and the hedges might even turn out to be an an advantage if there is a global crash that pulls down gold with it. That last is my major caveat emptor for anyone risking cash lately. I am a holder of RRL, also I subscribe to a gold commentator on Patreon 'between the lines finance' and he holds RRL. I quite like the prospects for the chart of RRL, although this is obviously very fallible, but it might be forming a 'medium term' rounding low around here. I won't be adding myself - hold 5,000 shares. Your call. It's also a 2021 pick from the analysts at Bell Potter which I am posting later on the RRL thread
 
Buy Gold tonight (8pm Friday 19 Feb) .... Could be wrong; could be right ;)

See how we go next week:nailbiting::happy:
 

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