Also, you've said in three out of fifteen posts that you:
A) Do not own stocks
B) Own (stock in) a mining company
C) Manage your parents portfolio
A: I sold my shares about two weeks ago. My shares...not my parents shares.
B. I sold the shares. I plan to buy more because I expect another correction.
C. Yes, my parents own stocks. Their stocks are their property and I do not somehow construe their property as my own.
Anybodys investments you manage, you should manage as if they were your own.
Thats hedging, which is not the precise definition of investing.
Buying shares of a mining company is hedging? That's simply not true!
I consider my physical silver to be a hedge against hyperinflation, but it is inaccurate to categorize all precious metal investments particularly highly speculative mining stocks as hedging.
As you're describing it in your Austrian mumbo-jumbo, devaluation of the dollar will result in your money or wealth remaining at least static in value due to their projection/production, as the bottom drops out of the dollar. That is the definition of the hedge. You are betting on inflation. This hasn't taken into consideration the actual profitability of the company if the economic environment would be linear.
Your investment model is incomplete without consideration of normal inflation. The miner could lose profit, the company is not infallible.
Its funny to me that everyone talks about long term bubbles, yet refuses to consider gold to be a potential bubble. As fear ramps up goldbugs, they cause their own bubble. Thats the funny thing about charts and tops. You never know when today is the top, until today is the past and you're caught in a bull trap.
I just can't get excited about a stock that sells for 9.50 that might be 10.50 next summer. Thats all gold is, move the decimal. Thats how percentages work. I have better things to do with a thousand bucks, like turning it into ten thousand bucks. A ten percent move is bullshit.