Tuesday, 9 July 2024

By Brian Chu Editor, Gold Stock Pro and The Australian Gold Report

[10 min read]

Dear Reader,

Gold has been one of the best performing commodities over the past three years.

Let me show you gold’s steady and not-so-slow ascent since the start of 2021:

In US dollar terms, gold rallied 25.6% since January 2021. For us in Australia, it’s even better as gold is up 42.3% during the same period. The Australian dollar weakened significantly against the US dollar.

Most people focus on the hottest investment of the year. They don’t think about the longer term.

And don’t expect the mainstream financial pundits and market commentators to talk about this either. It’s all about headlines and clicks.

Now a successful investor isn’t one that focuses on the short-term. Indeed, those chasing the hottest stocks of the year by following the headlines usually end up enriching those before them. They’re buying what the smart investors are selling.

If you’ve invested in precious metals assets during this time, it was a gruelling and rather unrewarding three and a half years. The only exception is if you’ve been buying gold bullion and ETFs.

While your results aren’t spectacular, a 40% return over these few years is solid. This is especially the case given how rough commodities were.

In the coming weeks, I want to discuss strategies for successful investing in precious metals assets.

In particular, I’m talking about gold stocks. But it’s more than gold stocks, we’re talking about mining companies that explore and produce silver and base metals as by-products.

This will become a series of articles as there are several strategies to cover.

Let’s start with the first strategy today.

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By Bill Bonner Editor, Fat Tail Daily

[3 min read]

Dear Reader,

Thomas Jefferson visited the Bordeaux area in 1787 and noticed that many of the best wine estates had names such as Boyd... Barton...  

Dillon... Lynch... and, where we dined last night, Kirwan.  

It might have turned out so differently. That is, if the Spanish had been better organised, better informed, better supplied and better captained. At the critical battle of Kinsale, they might have landed their army at the right place...put more men on the job...and had more guns. 

For that matter, it would have helped if the Irish had been more on-the-ball too. They had three ‘Hughs’ – Hugh O’Donnell, Hugh O’Neill and Hugh McGuire — all rushing to aid the Spanish. But they were too little, too late and no match for the more disciplined English. 

That was at the beginning of the disastrous (for the Irish) seventeenth century. At the end of it they suffered another huge defeat. The Battle of the Boyne was part of a larger war in which James II fought his own daughter and her husband, William III for the English crown. But for the Irish it was a fight to throw off the English and recover the right to own property and practice their Catholic faith. 

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