"Gold is a Unit of Monetary Gambling"

Benjamin Cox |


Benjamin starts off by talking about why he does not like gold as a metal and how it is fundamentally a recycled metal, not a mine metal. Because of this, gold is a unit of monetary gambling, not a unit of mining gambling. Also, a large portion is levered; when gold prices go down, you end up with economic collapse. The final reason he is not a fan of gold is because he likes metals that people use and gold is not actually consumed. Benjamin discusses his disinterest in the gold craze by explaining how he doesn’t feel he has an advantage over anyone in finding an exceptional gold play. Since he is a finance guy, his advantage is in his ability to better delineate how to price a resource when it is found, and all gold is expensive. Copper is cheap, so he’d rather buy copper assets.

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
HPDLF Hopson Development Hldgs n/a n/a n/a 0

Comments

Emerging Growth

Reliq Health Technologies Inc.

Moseda Technologies Inc provides mobile and IT cloud computing to increase operational efficiency and security. It develops SmartFleet, a solution designed for commercial use, as well as SmartCare, a mHealth…

Private Markets

Knightscope

Autonomous security robots providing advanced detection capabilities at $7 per hour - aiming to define the future of security. Help #StopTheViolence.

8tracks

Our mission is to be the best place for people who care about music to create and discover thoughtfully curated playlists. In essence, 8tracks is a platform for online mixtapes.