Re: KansasCrude post# 246
Tuesday, 11/15/2022 12:00:25 PM
Tuesday, November 15, 2022 12:00:25 PM
First, holding cash now provides a cushion for survival during a long downturn.
Second, that long term down trend will probably create create opportunities to buy good properties with less prescient management. All that cash would allow taking advantage of that.
Third, if you consider rising interest rates, the return on cash may become better than the return on gold for a short time. Remember Volker's 21% Fed funds rate?
In short, Jason is taking a conservative approach during what appears to me to be perilous times. I like that.
Both GORO (2010) and FTCO have been major investments for me also. As for tax purposes, most of my holdings of both stocks are in IRAs, so that's not a real consideration for me.
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