We Dig Gold

Not that paper gold you think is real gold. That ain’t no gold sucker. Are you for real? Do you not understand why we dig gold? Gold is money. A piece of paper is PAPER. Its a promise that you will get something of value with it. Miner shares in gold and silver miners is  ONLY a promise that you will get ownership in those mines. What do you think you’ll get when your brokerage is down from a major hack or financial meltdown or EMP or just plain old fraud? What happens when your CEO for your mine turns out to be lying and committing fraud with the books? What if they lied about their drill results?

I could go on but there is COUNTER PARTY risk involved in any stock including miners. Know what your risks are. Know that these shares are manipulated by the very biggest money players in the world. Right now they are taking them up. I’m an optimist when I commit money to these paper vehicles. Its nothing but a gamble. You have to hope/believe the casino can stay open or you will collect NOTHING from this game. I love it when the trolls call me a doomer. No Skippy, I am an OPTIMIST. I have to believe your casino will be open long enough for me to collect my chips from this paper game. Just wait until the “counter party” risk arises again. That will be the game changer and that will be when YOUR light goes off and that is when you understand WHY you needed to own physical metal.

The smart money is buying physical gold. The dumb money is in paper ETFs and futures markets. When the bell rings and it will only the physical will be standing. Go ahead folks. Keep dancing……for now. gl