Home > Boards > US Listed > Mining/Resources > First Mining Gold Corp. (FFMGF)
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Alias Born 12/07/2016

Tuesday, July 14, 2020 6:54:20 PM

Re: None

Post# of 16966
It’s such a crappy predicament because on one hand I’m glad when gold rises but on the other I know what it represents, a loss of buying power and suffering, and the only way to beat the pace of currency destruction is via good mining stocks like this one. Gold goes up 400 and you have 100 oz’s of physical gold, congrats you’re up 40k, but that 400 increase also means goods and services are more expensive and after taxes, your 40k gains basically offset you to even which is why gold and silver are perfect wealth PRESERVERS. But a 400 increase will result in 2-5x increase or more in the miners’ shares which gives you a shot to not only preserve your wealth but grow it even with inflation factored in. And that’s why I think having both physical and gold miners is the one of the better plays..
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