Gold stocks

China is buying up gold. It does not matter that Warren Buffett thinks that it is crazy to invest in gold. What is important is to sell BEFORE China decides to sell the gold hoard. That is a $64 billion question.

If it hadn't been for gold stocks, I would not be collecting alphas. Alan Kohler is railing against bank stocks; too many stupid politicians and media interfering from all parties. Many ignorant voters are easily swayed by the large absolute profit figures. Many citizens can be persuaded by media's bank bashing.

One issue that I absolutely agree with Warren is never invest in airline business. Big investments required, with many uncontrollable factors, politicians sticking their noses in, unions to content with and... very small profit.

Yet there are still some gold stocks that have been left behind. The worst is RAU because of the far-left government in Bolivia. Leftist policies are always popular with ignorant citizens until the country becomes near bankrupt; history is rarely learned. Funding is difficult for explorers and producers in Africa and South America. I am watching BSR, AVA, DRA, CGX, RMS, FNT, OYM, RMS, KMC and VKA. And I always have time for ABU.