h4>Why You Should Listen to This Man About Gold
By Jeff Clark, Senior Precious Metals Analyst
Would you like your advice from someone who has been successful or from someone who’s failed? I’d prefer to hear from a winner.
Now that the gold market has been mauled by a bear, we can sort out the pretenders from the contenders in the mining industry. After all, there’s nothing like a major down cycle to reveal which companies are run by people who know how to prepare for bad weather.
The price of gold has fallen more than a third since August 2011, crushing the prices of gold stocks… but not all of them.
Check out the performance of Franco Nevada (FNV).
FNV shares have actually risen in this bear market. Even if you bought the stock when gold peaked in 2011, you’re sitting on a profit. How many gold stocks can make that claim?
Clearly Chairman Pierre Lassonde is doing something right. You might think it’s because royalty companies have performed better than producers in this time period, but the other royalty heavyweights—Royal Gold and Silver Wheaton—are down with most other stocks in the sector since gold’s 2011 peak.
Chairman Lassonde was one of the fathers of the royalty business model developed in 1985, so apparently he knew how to position his company to benefit from the financial pain most producers haven’t been able to avoid.
Watching and following an industry’s most successful players can pay off very well for investors. So what’s Pierre doing today?
Given the state of the gold market right now, he’s making a major call, one of the most consequential in his 40-year career. It’s a clear and very timely message for gold investors that you’ll be glad you received. He knows what he’s talking about. Join him along with Frank Holmes, Rick Rule, Bob Quartermain, Ron Netolitzky, Doug Casey, Louis James, and myself in our free webcast, “Going Vertical”. It’s a one-hour event that is well worth your time.
Yeah. Sure. Great.
October 1993. That’s when Doug Casey hooked me with this book. Gold, gold mining stocks and ABOVE ALL junior mining stocks were the Ticket To Surviving the Crash.
Not.
I’m not blaming Mr. Casey. I respect the heck out of his political analysis, and as far as investments go, he’s giving people what they want: The illusion of security. I’m human, I crave it too.
He was recommending Rick Rule’s trading firm then, and I’m sure still is. I lost plenty of dough on that debacle, and I know of others who have visited his Galt’s Gulch in Cafayette, plunked down money on something related and lost their shirt.
I reject, out of decades of personal experience, that anyone can credibly claim to know what will happen in any market on an hourly, daily, weekly, monthly, quarterly, or yearly basis. If someone could, WHY WOULD THEY NEED YOUR MONEY?
It’s all bullshit.
Up, down, left or right, you act (or don’t act, because staying in place is an action in its own right) and you live with the consequences. Just don’t kid yourself that someone, so “expert,” can tell you what will happen. It is self-evident that they can’t.
The Casey Report went downhill after I stopped writing for them.
I passed up $500 for every 1,500 word article so I could entertain you monkeys on TBP for free. I’m a helluva businessman.
Jim, if you were my kind of businessman you’d be paying your customers for your publication (in other words, you’d be giving your money away to people every time you tried to do something. That’s been my experience; the only time I don’t lose money is when I do absolutely nothing.)
@Admin: You’re a giver.