Originally Posted by
Aaron
Thanks for the advice JBmurc. Sounds like I should cut my losses which I am not good at. I am holding producers rather than explorers (EVN, NCM & NST). The Phillipines president helped me secure a profit by scaring me out of OGC. NCM still good but EVN & NST bought too late. My reason for buying gold is that with the world talking negative interest rates, term deposits, bonds, cash in the bank become liabilities instead of assets. Massive money printing from central banks also bad for currencies. As far as I can tell nothing has changed except The Don is going to cut taxes and spend up large on infrastructure which means more of the same to a greater degree possibly. If central banks start selling their gold I am out.
I still think economic thinking and central banks are insane in the current world, not that I have an alternative.