written by reader Thoughts from Myron—Year-End Reflections on Economic Realities

by xiexgp | December 23, 2013 10:39 am

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Source URL: https://www.stockgumshoe.com/2013/12/microblog-thoughts-from-myron-year-end-reflections-on-economic-realities/


13 responses to “written by reader Thoughts from Myron—Year-End Reflections on Economic Realities”

  1. besharp says:

    Myron-
    Any thoughts on the complete tanking of Collossus Minerals? Are they toast or an attractive speculation at $.04?

  2. tcolmer says:

    Mr. Martin,
    While I am a relative newcomer to the investing world, and I am not the brightest bulb in the chandelier, I do pride myself on eventually being able to figure things out. I have read Mr. Grahams book, twice, and continue to learn from it. I also read every link, paragraph and page yourself and the Mighty Gumshoe publish. So I am confused when I read IBC’s financial statement, and they are covered in red ink. As a matter of fact, a majority of the JR. Miners all show losses, and claim as much in their statements. Due diligence and Mr. Grahams philosophy would not have us purchasing these stocks. What makes your conviction so steadfast?
    I mean not to criticize your recommendation, but rather to learn what methodology you use to pick a winner out of what appears to be a cache of losers. I understand there is a great amount of speculation involved, but I have noticed somewhat of a trend in your picks, and have made purchases based on my own investigation of the companies, but I still wonder why, as their share value withers away and goes to money heaven. As I said, I would appreciate understanding what you see in IBC, or how you went about learning where to look to make this recommendation. Thank you for your insight and information.

  3. hipockets says:

    Many thanks for your articles, Myron. Wishing you a very happy holiday.

  4. Alan Harris says:

    Random set of end of year thoughts here, but hoping for feedback/debate once you’re bored with cold turkey sandwiches.
    While I have the utmost respect for Myron’s research and skills (certainly he has been v indulgent of my silly q&a’s…..thanx M), he, and his legion ilk, seem to imagine that if/when fiat crashes, the world will inevitably revert to the old precious metals as standard currency. Surprisingly little changed in the human way of life between caveman and the industrial revolution. But mankind has moved on immeasurably during the last 2 centuries. Can you imagine we will ever revert to an Amish world of horse and cart existence, trading a grain of gold for a piglet? We have all been conditioned to NEEDING a regular dose of some Johnson and Johnson drug and air con. Will that need ever vanish just coz the $ crashes? You cannot turn the technology clock back. Even if the crash comes, if there’s a need for electricity, someone WILL still be generating it, or we will all have to retrain to make our own candles. So, some shares WILL always be as good (or better) than gold. But how will we pay for it?
    As we all know, gold is a fairly rare, useless, indestructible substance…..perhaps that’s been its strength? But these days, if the crunch came, would you sell your edible pig for a grain of useless gold? Well I suspect not unless everyone agreed that the same grain of gold would buy another pig. Gold is/was simply a gentleman’s agreement of stable value which relied on its rarity. But it aint so rare these days.
    Are there better bases now ? I’ll utter the scary word Bitcoin here and most of you will immediate write me off as a looney. But BC’s (or something like) have the potential to be the new international gentleman’s agreement for stable value. Sure at the moment they are just fools gold with unstable value…… but could something like it become an agreed store of value that cannot be manipulated by governments/banks, or see more dug up by anyone other than everyone? Wasn’t that the stability gold offered….a store that no one could manipulate coz its rarity gave it stability of value?
    Ask yourself this question ‘Whats fundamentally wrong with fiat?’ My answer is that it can no longer be trusted ……. it’s hardly rare if the Fed can print twice as many notes tomorrow for no more cost than the paper its printed on. It can be (and very much is) manipulated/devalued. IF (and that’s a huge IF)…… we could all settle on something that could not be manipulated by anyone, OTHER THAN BY EVERYONE….wouldn’t you prefer to store your value there? Gold? Well they dig more of that stuff up everyday, so given the laws of supply and demand, it can never be perfectly stable. Unless the Fed et al gain control of BC (debatable….. like the internet, its too distributed to be fundamentally controlled by any one body.) the total quantity of BC’s is eternally fixed, so the value could (eventually) be stable against all commodities….but not the $). But it wouldnt be the BC that was unstable against the $. It would be the $ that was unstable against the BC !
    The present problem with BC is that everyone is presently thinking back to front. We all look at how many $ we can get for a BC. But who wants $’s that devalue every year?. It only takes a slight change of thinking to adopt BC as THE stable base and the question becomes how many unstable/fluctuating/manipulable $ will it take to buy one stable BC…….the standard just like gold used to be. But in the future we may ask, How much dig-up-able gold will it take to buy one stable BC? Indeed, how long till the manipulated $, and the useless gold has no relevance as currency? I suspect it will only take a tiny twist of fate.
    OK, maybe Im a dreamer……but mankind has a way of turning dreams into eventual reality . If mankind has ever proved anything its that: Cometh the need…cometh the solution !
    BTW I dont own any BC and wont take a position probably till too late. !!

  5. barremo says:

    Any comments about Banro Corporation. its trading AMEX $0.43. It has two main projects. 1st one (Twangiza)started producing Gold in Oct 2011. it produces 100,000 OZ/Year. the Second one (Nayoma ) it has completed construction in 4th quarter this year 2013. Itis going to double the company’s proruction and companies expection will be 240,000 Oz/year in 2014.
    Its website is :www.banro.com. both assets located Democratic Republic Of the Congo. I thought its a value that needed to be profited by all of us.

  6. westcoaster says:

    Very informative, thanks for the overview and resources.

  7. neeron1 says:

    I continue to enjoy your column Myron and look forward to your thoughts for 2014. I was particularly grateful for your recommendation of REED which has done very well… so much so that I wonder if you would still recommend it at its current price.

    Cheers
    Noreen Towns

  8. olsonville says:

    Mr. Martin,
    I havea been following IBC for several weeks and have missed the recent jump in price. Am I too late to get in on some good potential return?

  9. theblindsquirrel says:

    Hey Myron, Jim Skelton here, the Resident Blind Squirrel of Gumshoeland. I’ve just read through your post and the comments here and wanted to add my small voice to the discussion on a couple things.
    First, I am continually amazed at the breadth and depth of your knowledge of mining and minerals. Nowhere else have I found such a complete and widespread source of knowledge on these topics. So, Thanks, Myron, for the contribution you make to the site. It’s invaluable in many ways.
    I noticed several mentions of one or another specific stocks here that you had profiled during 2013. One is missing, and I don’t understand why. That is Mason Graphite (MGPHF). I can’t recall exactly when it popped up on your screen, but it caught my attention. I bought in sometime in late October or early November at $0.28 p/s. Within about 5 weeks it was trading at $0.98! My position was small, some $2,500 .00 initial investment, but the dang thing was UP ~ 250% from that purchase date. Holy Cow! It became, nearly “overnight” as they say, the best performing stock in one of my portfolios for all of 2013. It began a decline as we approached year end, profit taking I assumed. I bought more at ~$0.75 as it fell, thinking that once the profit taking was over, the rise would restart. Didn’t work out like that, though, as I’m sure you know. When it fell to $0.63 p/s, and the profit on that initial position was now down to some +140%, I sold those shares to lock in the cash. The other lot I kept and still have.
    So, THANKS big time for giving me the best I had in ’13. I don’t know for sure what is causing this pullback – any thoughts you may have would be appreciated – but I’m not going to give up and give in on this company and the vast potential I believe it offers when the production gets underway soon.

    Last, please keep those comments re fiat currencies, Central Banks, and wht some believe to be hurtling at us in the way of currency collapse courtsey of the Fed and other world Central Bankers. I still don’t have as good anunderstanding of that as I ought – but have some physical metal to provide a little protection if it plays out as you suggest. Educate us, Myron. If that is indeed the future, we ALL had better make accomodation for that eventuality.

    Wishing you a prosperous 2014 – good health, good friends, and good investment choices. What more could a fella ask for ?

    Sincerely,
    The Blind Squirrel

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