The Silver & Gold Data Nobody Wants To Show You | Mike Maloney & Alan Hibbard

توضیحات:

At 00:00 the episode opens with the breathtaking drawdown of miners priced in gold. At 00:23 the discussion moves to stocks versus private placements and the impact of dilution. At 02:55 the hosts ask whether miners are a leveraged play, and at 05:45 they present a ratio chart that shows when miners beat gold and when they don't. At 14:17 they outline a practical 5‑criteria checklist for miner investing: (1) already own physical metals, (2) use gambling currency you can afford to lose, (3) miners must be undervalued relative to physical, (4) a short time horizon, and (5) expert help and enough capital to diversify. Mike Maloney and Alan Hibbard lead the discussion. The hosts explain that over the long run gold has dramatically outperformed top‑tier miners, that miners are not simply a leveraged play because the leverage is worse on the downside, that measuring performance in real money rather than dollars reveals brutal drawdowns, and that dilution from capital raises is a structural headwind that can crush returns. They also note that the Baron's Gold Mining Index, when compared to gold from the same base, shows gold ending roughly 6–6.5 times better over more than five decades.