Anglo American Platinum
December 20, 2024
There are so many miners with similar charts, I only use this one of symbol ANGPY since I was buying it today at $5.35 per share. Its the world’s largest platinum miner, and pays a dividend of 3.3%. Apparently its a favorite stock of Jim Grant from the Interest Rate Observer, I read recently. Like I said, there are many, many miners including the SILJ etf itself that are down 30% off recent highs just made in October, so I will continue adding to positions here since we are still up nicely overall. Having a good cushion of unrealized gains makes it easier to stay calm in corrections like this, so that we can buy or add to positions versus being scared out of positions, the opposite of what we want to do.