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“Lloyd_is_water!“
@Ash
2Settimana·

From bars to drills: I joined the gold miners. 🤴🏼🪏

Some time ago, there was a discussion about gold miner ETFs, in which the esteemed @Multibagger was involved. As an addition to my $EWG2 (-0,27%) - position, I have now decided to invest as well, as I generally want to weight gold more heavily in my portfolio.


Second purchase in the next few days. 😊

26.01
VanEck Junior Gold Miners ETF A logo
VanEck Junior Gold Miners ETF A
Acquistato x8 a 117,32 €
938,56 €
9
23 Commenti
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Epi@Epi
2Settimana
A bit late, isn't it? The correction will come pretty soon and it will be tough.
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“Lloyd_is_water!“@Ash
2Settimana
@Epi Yes, it can be very good, but on the other hand you never know what else 🍊 will come up with. There is a trailing stop for everything else. 😊
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Chris@Multibagger
2Settimana
@Epi above all, the mines are currently valued at much lower prices. 60-65 $ for silver. 3,800 for gold.
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Simon_n@Simon_n
2Settimana
@Multibagger How do you transfer the valuation of the mines to a gold/silver price? Because that would be a huge buy signal or undervalued, wouldn't it? I don't know much about this 😬
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Utente eliminato
2Settimana
Il commento è stato cancellato
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Epi@Epi
2Settimana
@MrSchnitzel I have been reading for over 10 years that copper will be in high demand in the coming years. 😅
The problem: copper is available in huge quantities. Demand is probably being driven primarily by the Chinese construction industry. That's where things are a bit stuck at the moment.

However, one speculation would be that the industry has to substitute silver due to empty warehouses. Copper would be the next physical candidate. 🤷
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Chris@Multibagger
2Settimana
@Simon_n The current productions have been sold forward at other prices. But of course you can't fix that at 1 $. But you can assume that the sales prices lag behind me by 3 months at best.
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Simon_n@Simon_n
2Settimana
@Multibagger I see, can we conclude from this that the share price is undervalued? that is probably already priced in, isn't it?
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Chris@Multibagger
2Settimana
@Simon_n This is only partly the case, as nobody knows how long the current prices will last. In other words, the longer we stay at the current level or higher, the more the undervaluation will increase.
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Simon_n@Simon_n
2Settimana
@Multibagger Very interesting, thank you. I guess I'll leave my position for now, otherwise I'd have to sell something else
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Chris@Multibagger
2Settimana
@Simon_n The most interesting thing and the greatest chance of an undervaluation is that the values of the raw materials in the ground are still valued at a completely different level. This means that the larger the respective deposits are, the more upside potential there is.
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capital_genius_2601@capital_genius_2601
2Settimana
You got in now? Brother😭
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Chris@Multibagger
2Settimana
I'm still invested there
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