Luke Gromen Oil & Gold The New Reserve Currency

[ED_OSHEA]

https://www.youtube.com/watch?v=jJ3ajrsz-IY

In this podcast Luke Gromen analyses the Federal Reserve's choices from the current situation.
What pertains to oil & gold is he states oil is going up and gold is going with oil.
The gold is going to ride oil up as the method for oil exporting countries and investors to
store oil wealth as inflation continues to climb.
This is quite a bleak picture over all. Energy appears to be leaving the station.

[mitchl]

Gold (and silver) stocks are beat down hard right now. Many of the miners and juniors are close to 52 weeks low. Royalty and streaming companies are hanging on somewhat but far off 52 week highs. I’m not sure when they will recover but gold and gold stocks look like a buying opportunity to me.

Tickers I am starting to buy:

Safer bets: FNV, WPM, RGLD

More speculative: AYASF, USAU, SILV, IAUX, ITRG

Do your own due diligence. High diesel prices will hurt the miners.

[Fraser921]

I own CEF an ETF

They own 2 things, 65 % gold, 35 % silver

trades at a 5 % discount to face

[mitchl]

Somewhat steeper discount than I would expect. Thanks for pointing that out. I looked at what Sprott's other ones are at as well.

https://sprott.com/investment-strategies/physical-bullion-trusts/gold-and-silver/net-asset-value-premium-discount/

Sprott Physical Gold and Silver Trust (CEF)
Premium/Discount -4.92%

Sprott Physical Gold Trust (PHYS)
Premium/Discount -1.97%

Sprott Physical Silver Trust (PSLV)
Premium/Discount -0.45%

Sprott Physical Platinum and Palladium Trust (SPPP)
Premium/Discount -1.15%

Sprott Physical Uranium Trust (SRUUF)
Premium/Discount -6.18% <= I believe this discount was closer to -10% a few months ago.