7Mon·

Invest in precious metals now or wait for the dip?

Morning community, I am planning to invest in companies that deal with precious metals. Would you say it is still worthwhile after the small boom or would you rather wait for the dip? Examples: $MP (+0.77%)
$SSW (-7.98%)
$MTM (-2.51%)
$LYC (-1.28%)

Greetings

5 Comments

Peter G.@Sontoshi_Nakagoku

7Mon

Point 1) Not in the companies, but in the precious metals directly/physically Point 2) For long-term investment, the time of entry is irrelevant, possibly a savings plan. Point 3) The next major dip will be the shift into Bitcoin, so you could also save yourself the detour and go directly into BTC #NoFinancialAdvise. Point 4) It's best to listen to the heart of the cards!

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Chris@Multibagger

7Mon

@Sontoshi_Nakagoku this is not necessarily correct with point 1, but depends on the investment period. Mining companies usually lag behind the actual price trend. The smaller ones in particular still have a lot of catch-up potential. I would therefore always speculate on the companies over a 12-24 month horizon.
If I want to secure long-term value retention, I always go for physical.

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Fritz@RepublicTrader

7Mon

@Multibagger if you want to invest in the smaller ones, simply $GDXJ? Or do you have any other good ones in stock?

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Chris@Multibagger

7Mon

@RepublicTrader I have that too

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Fritz@RepublicTrader

7Mon

@Multibagger 👍

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