VBIN's oil stock thread.

[fenders53]

Easy isn't the word I would use to describe any natural resource commodity.  Pull up a chart on gold, silver or copper.  They can boom in short order.  Look how long a bust cycle can be.  If you get impatient and build a position quick you can easily wait 5 years.  I've had good luck selling puts on major gold miners like Newmont and Barrick.  Premiums then dividends if exercised.  I try not to chase them.  Decent hedge against an aggressive port but less so lately as they've moved with SPY.  Copper was good and a stock like FCX mines copper and a bit of gold.  I don't bother with small cap miners but that is where bigger gains can be made.  It's hard enough without adding bankruptcy risk.  Coming out of a recession can be lucrative for industrial use commodities like silver and copper.  This is a small part of my game.  I'd have no use for this at age 30.  Late 50s and it seems like a useful skill.  If you decide to learn try a put in ticker GOLD.  Low SP and premiums usually decent.  Watch how it moves when the FED or political narrative swings from money printing or deficit spending. It's not going to outperform a good growth stock over a decade. Gold vs oil? I would have said gold a year ago but it's had a decent run in 2020. Some say bitcoin is digital gold. I say they are entitled to their opinion. I see no mention of bitcoin in the Bible lol. Gold and silver will never be worthless.