Sunday, January 14, 2018 12:39:30 PM
All ships rise on the same tide? I don't think so. The market has gone up exponentially while precious metal stocks have been in an extended bear market. There is no hype or momentum to push it up higher. People would rather play pot stocks or crypto currency stocks than precious metal stocks.
BONZ does not mine anything even though some like to equate such garbage scams with legit miners. If the stuff truly does hit the fan, people will be buying water, storable food, ammo and medicine--not gold. Gold rushes are thing of the past--people have wised up (me included). Gold and silver are pretty to look at but are no longer seen as viable money. Store of value? Sure, but don't expect to get rich from gold and silver.
Gold and silver should have done what Bitcoin has done, but instead....the shiny metals are in a bear market while Bitcoin and the stock market continue to explode higher. Try paying someone overseas who did work for you in gold. Tricky. Wire transfers are difficult and expensive and not worth it for small amounts, but people are easily and quickly paid in Bitcoin. Try mailing some gold overseas to someone and see how risky and expensive that can be. No, people would rather buy BitCoin than gold. Gold is for rich central bankers. After all, they own and control most of it and they can short precious metals with as much paper as they like. They have the printing press.
'History repeats itself' is a vague and meaningless platitude when it comes to junk such as BONZ. Because it once went up it must go up again? Why? What are they going to repeat--the previous scam? Maybe....but many here will continue to point out the track record here. We're all perfectly aware of what this is.
Nobody is trying to scare longs out of their positions. There are some here who seem to be trying to jabber this junk up with made up rumors so the owners can unload shares. Sad.
A nation of sheep will beget a government of wolves. — Edward R. Murrow
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