/biz/ - Business & Finance

>>30181548

>>22842820

I'm here, although I can't promise that I'll be in /pmg/ much longer. The answer is, you keep at least 20% of your portfolio in physical in case of such an eventuality. If the mines did get nationalized, it would send silver absolutely soaring, to the point where it would compensate for any money lost in the miners. You also want to keep your miners in different countries, so as to avoid jurisdictional risk. Some in Mexico (Impact), some in Canada (Dolly Varden), some in America (Bayhorse), some in Peru (Tinka), some in Japan (Irving), and so on; it's unlikely that _every_ country will nationalize, or nationalize at the same time. And if one country does nationalize, that will increase the value of miners in every other country which doesn't nationalize. Consider also the fact that people who owned mining stocks were the ones who thrived when gold was confiscated. The U. S. stole people's gold in 1933, the U. K. did the same in 1966, but mining stocks were left untouched. Homestake Mining (the ancestor of Barrick Gold, which Warren Buffett just bought) went up 500% during the Great Depression, and doubled at a time when mainstream stocks were crashing 90%. So confiscation, from a historical point of view, is a greater thing to fear than nationalization.

>>22840465

This is fud. First of all, if gold was banned, crypto would be banned too. Secondly, gold coins can be easily hidden. Thirdly, offshore bullion has never been confiscated, not even in 1933, nor have mining stocks. People who bought Homestake Mining, for example, made a 500% gain during the Great Depression, and doubled their money at a time when people who held mainstream stocks were losing 90% of theirs. Homestake is the ancestor of Barrick Gold, which Buffett just bought. Buffett more recently bought several Japanese companies with exposure to PMs; like Sumitomo, which owns the San Cristóbal mine in Bolivia, with 450 million ounces of silver. He wouldn't be doing that for no reason. Anybody who holds a mixture of physical coins, vaulted bullion, and mining stocks, is insulated from risk. Allocated bullion can be bought with PSLV/PHYS/OneGold/GoldSwitzerland/Kinesis/Glint/GoldMoney/BullionVault (avoid SLV and GLD), and the mining stock indices are GDX/GDXJ, SIL/SILJ.