I lost a lot investing in various mining stocks, too. I can remember a time I owned 1,000 shares of RBY at $8. I thought it was cheap when I bought it. We all think what we buy is cheap or we wouldn't buy it, right? Anyway, more recently I averaged down greatly on ANV, for example..and I managed to take a stop just before they announced bankruptcy. If no bankruptcy coming here--sure, it seems like a bargain.
If the market crashes, there's no guarantee miners would go up. It's a rigged game. The central bankers would probably put a safety net under stocks. And also, what's to keep them from printing up paper gold? Right now the paper gold to 'real' gold ratio is at an all-time high. What's to stop them from printing up even more paper contracts and if some sap really wants to take delivery...well, the central bankers will do what they've been doing--giving them a cash equivalent instead.
I've been hearing of the mega crash for years. Back in 2011 I was hearing all about $5,000 per ounce gold and $500 per ounce silver 'soon.'
Soon never seems to arrive. The system is completely criminal and corrupt. G. Edward Griffen said he thought it should have collapsed long ago. Instead, the middle class is collapsing and the bankers at the stop are fine and dandy.
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