Replies to post #488 on Midway Gold Corp. (fka MDWCQ)

[stockguru1976]

I haven't sold a single share. The reason I began purchasing gold stocks in the first place is the coming collapse of the US dollar as the world reserve currency. This is my "insurance stock". I would never sell that.
One factor to keep in mind is, this is a Nevada mining company, and it is safe from Geopolitical turmoil. I took all of my Mexico silver mining stock and sold it, such as Great Panther Silver, Endevour Silver, and Avino Silver, sold it, and put it into Midway and Allied Nevada. My eyes opened when i thought Mexico was a safe place to put your money into mining, then Mexico changed their tax laws on mining companies. Great Panther silver had one of their mines occupied and shut down by cartels recently, so i pulled all of my money out of Mexico mining, and put it back here in the USA. I took a large hit when Great Panther was occupied by the Cartels, but, it opened my eyes to the crazy risks you take when investing abroad.