02-13-2021, 11:30 AM
Added a single SLV yesterday put so not a big play. I had a lot more through the rally off the bottom. Did some more DD on NEM and that is where I want my gold money. Their breakeven was supposed to be sub $1000 in 2020 but Covid safety measures bumped that at least 5% higher. I'm mostly trying to convince myself but every $100 above $1200 gold is $400M FCF. The dividend is very safe barring a very hard gold crash. Their business plan assumes $1200 gold. That seems very secure for the next year or so. Bitcoin replaces gold until it doesn't. I am just not buying that narrative long-term. Buying $50K Bitcoin as a hedge seems like folly to me when it hits the fan eventually.