I feel like $5mil is still “the number” for anyone. If you think it’s higher, I’m sorry for you.
Put $100K in a checking account.
Put $900K in a money market account or a 4-5% bond ETF.
Put $2mil in the S&P500 Equal Weight ETF.
Buy a nice piece of property for $1mil and then spend the remaining $1mil to build a custom home. GC the project yourself, get it appraised for $2.5mil then mortgage the entire property for $2mil leaving $500K in equity.
Put that unlocked $2mil in the S&P500 or maybe QQQ ETF.
You have the dream property.
You have cash in the bank.
You have an average expected $300-400K passive income year one after paying the mortgage.
You can mess around with business ideas, have hobbies, enjoy family, travel, and delete your LinkedIn.
INTERVIEW → Provenance Gold’s management were invited to speak with @MidasLetter!
Catch Rauno Perttu and Rob Clark discussing drilling highlights & how they’re building on this discovery.
Watch → https://t.co/n7mosS0kVG
🇨🇦 $PAU $PAU.C $PAU.CN 🇺🇸 $PVGDF
#gold $gold #mining #drilling #stockstowatch #goldstocks #preciousmetals
Provenance Gold (PVGDF - USA / $PAU - Canada) looks like an upward explosion ready to happen:
Finding new visible gold below the previous resource estimates. Some of the best gold intercepts in all of 2023 (> 3.0 g/t gold over > 100m, multiple holes). Ongoing first-ever diamond drill program. Chart blowing through previous resistance like a hot knife through butter.
⬇️FREE VIDEO ANALYSIS⬇️
https://t.co/iAmeptADHr
#XAUUSD $GLD $CG_F $GDX $GDXJ
#goldprice
#GOLD PRICE - FREE FORECAST: https://t.co/wh5Gcs9DP0
Physical gold is NOT cheap at $2,670/oz - and I would NOT be a buyer here. I was a buyer in 2015 when it traded near $1,000 per oz, but NOT now.
However, gold in the ground IS cheap. We know of several gold deposits that are trading at ~$6/oz in the ground, or 1/445th the value of "gold in the hand."
PROVENANCE GOLD (PVGDF - USA / $PAU - Canada):
Historical avg. of 2.2M oz gold at Eldorado deposit, current market cap = $14M = $6.30 per oz. Potential to massively grow this with visible gold being discovered below previous estimates.
SIRIOS RESOURCES (SIREF - USA / $SOI - Canada):
1.9M oz resource at Cheechoo deposit, current market cap = $11.6M = $6.10 per oz. Potential to grow this by another 500,000 oz as negotiations with neighbor will expand open pit.
#XAUUSD $GLD $CG_F $GDX $GDXJ #goldprice