Hi friends,
While I do own some physical gold and silver, I also like to invest in the gold miner stocks. This is a way to have your gold in a business wrapper - you are earning net profit from the business and the company has a higher top line with gold prices increasing.
One of my bigger plays is IAG:
They produced 450k in gold ounces last year, so over $900M worth of gold at today’s prices.
The stock has done ok over the last few years I have owned it, but I usually like to see the gold miners outperform gold itself but they have tracked pretty closely.
There is an earnings call for Q1 2024 this week - maybe this will be the catalyst to see it jump to $10.
Thanks for coming by,
Brian
Both these metals are always good. A few days ago the price was at a low level. But we are seeing a surge again. That's why it always happens like this. Whenever it goes low, one should buy it. thank you @brian.rrr
Seems it is correlative with the gold price.
That’s a cool uptrend…
It is an excellent investment, I invest in real estate, I have a rented apartment, passive income also works well
I wish you a happy day
That would be a nice jump up to $10, I've never owned that stock before. I'll have to look into it! Thanks!
!BBH
@brian.rrr! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @thebighigg. (6/50)
In the coming days, the prices of other things may also go up
Wow! Good luck!
gold boy
I think it is very good to invest in gold because it never decreases and always keeps increasing with time, hence gold always gives profit.
That is really on a good positive note that this is actually climbing up
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Nice gains!....:)...