... special tax on gold and so on... Therefore, I have three simple rules to protect myself from failing too much in this area: 3/x

3. Low AISC (All-in-Sustaining Costs) A low AISIC (I prefer < USD800) is my margin of safety in this business, because I don't know where the gold price will be in the future. 6/x

What I do know is that a company will go out of business when the underlying asset price is lower than the cost of production. 7/x

Sometimes, gold mines in the construction phase (fully permitted and financed) are valued at half their NPV, because it is a boring phase and some people lose patience and sell the shares. Thats the point I get in. 8/x

As the mine gets closer to production, they reach full NPV or sometimes a multiple of that (resource expanding, speculators get back). This is the point at which I exit my investment. 9/x

The time frame for the construction phase is about 2-3 years. The biggest risk besides problems during the construction phase is a falling gold price, but I have a margin of safety, that let me sleep well at night. I 🧡 the gold mining sector! 10/10

Good Morning Ireland..

This is a massive speech by Putin. ''The economy of imaginary wealth is being inevitably replaced by the economy of real and hard assets''. His strategy is clear. Sticky inflation -> higher (real) rates needed -> pain for hyper-financialized economies.

This is the most powerful video you’ll watch today! This is how it’s done!

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Israeli WarCrimes-Genocide-MassMurder is what is Happening ...What else do u call Indiscriminate Bombing of Palestinian Citizens, Children-Woman-Innocent Men ..

$50 Silver??? It ain’t going to be a cakewalk⋯⋯😅💥👇

He’s right.

watcher.guru/news/palestine…

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With a gentle click, the toast emerges, its edges perfectly browned and crunchy.