A very bullish development for gold in India, if gold price...

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nsw004

2,125 Posts.

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07/10/17

03:39

Post #: 27729042
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Originally posted by nsw004 ↑

Just curious about every one's holding in SAU as a percentage value wise out of their miners total PF value . I am invested in SAU at 3 .50 percent of total miners PF value , I always consider any individual holding over 4 - 5 percent of total PF value as risky. Any thoughts ? Kindly do not dismiss this post lightly , we can never predict which of our high conviction bets can go wrong.We have seen enough shipwrecks in ASX.

Recently I came to know of a guy who bet his shirt on Primero Mining and lost his investment almost fully.It was pathetic to see him blaming himself as a bad father and husband.

So this post is in interest of every one please.

I personally think we must hold atleast thirty plus miners with no scrip more than 4 -5 percent of total PF value. I know it looks funny, but this way we never lose our shirts and also possibility of catching a few multibags increases exponentially when we hold that many scrips . Focused bets look good on paper but unless you are an co insider , quite a few times it backfires.

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A very bullish development for gold in India, if gold price falls , buying will automatically come in from now onward, too much fall in POG is difficult now, also a lot of unaccounted money ( money not accounted for and not kept in official banking channels ) will start flowing into gold, both these reasons are going to help in POG going up over time :

http://economictimes.indiatimes.com...hion / Cosmetics / Jewellery&utm_content=10PM

SAU Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
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A very bullish development for gold in India, if gold price...

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History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

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