Sooo, per this article and some other “read” I did this morning- why not being happy?
This cleansing will separate boys from the man. Fewer companies to compete with and less gold will be produced- all plays well for Petaquilla.
We are not laying off people, we are not selling our assets to stay alive- quit opposite we are exploring ( increasing our reserves) hiring ( in Spain) and growing (our production) on both side of the Ocean.
Pay-off on this investment comes in the next bull cycle, end of story.
My personal rule: allocate 10-15% of your investment portfolio to gold and PM equities and look at it as insurance.
No one ever complains when they spend over $ 2000.00 per year (as example) to insure family cars, house, etc. Those money are gone, gold and equities on the other hand… might give you little fortune some day.
It is never boring in Petaquilla Land.