Precious Metals -- Oh how I hate thee
I'll warn anyone who is reading this blog in hopes that I will be able to help them with precious metals investing that you can stop reading now. Know this. I am one of the worst precious metals investors in the history of the stock market. Until now, it might have been possible to make significant money fading every opinion or pick or move that I made, but that will no longer be possible, so I am of no use to you.
I find precious metals investing fascinating. The interaction between the economies, the banking sector, the minors and the general public make it just incredibly interesting to me.
However, I have failed miserably to understand it. On top of that, I have failed to find an analyst that can understand it either. I have found that I can throw every analyst that I have ever read into two buckets….perma bear and perma bull. You might have an analyst that you adore and trust that finds a way to be neutral, insightful and brilliant. Great for you. I’m not even looking any more.
Every formula or strategy or thesis that I have developed for every other sector (including some commodities) has failed in every form when implemented against precious metals. Every economic thesis that I have tried to apply to precious metals has failed. Every analysis of company operations that I have tried has failed when applied to precious metals. You are a strange and complicated beast and I do not understand you.
I have officially thrown in the towel on precious metals investing.
It’s a lesson learned. I like to learn new things, but it also important to know your own limitations. I thrive in the sectors of technology, energy and restaurants. I know nothing about pharma or precious metals, and in relation to precious metals, some things are better left alone.