"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


Symbol Name Price Change % Volume
HPDLF Hopson Development Hldgs 0.97 0.00 0.00 0


Emerging Growth

Enertopia Corp

Enertopia Corp is engaged in the exploration of lithium in Nevada, USA. The Company's project includes Central Nevada Lithium Brine Projects.

Private Markets

Almond Smart Home Router by Securifi

Securifi sells user friendly touch screen routers that also have support for IoT/home automation.Securifi’s Almond revolutionized wireless router setup with its easy to use Touchscreen Interface in 2012. Now our…

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.