Investing in a Gold Mining Community in Northern Ontario

1 Reply

Typically, we have not locally felt the bumps of a recession in our community. Of course we feel it other ways but typically gold mining booms during a recession, so it's hard to argue that investing in a gold mining community may be safe with talk of a recession around the corner. 

I am wondering if anyone has any experience with this?

Should I be patient or jump in to the market? 

Should I be reaching out to investors?

Any information is helpful.

Thanks,

Troy

Throughout California, Gold mining communities have dried up and turned into Ghost towns. Similar situations have occurred throughout the Mid-west with coal... I assume all would depend on what your investment timeframe and what your goals are. Investment in a town driven off one economic factor could prove risky in the long term. If this is the case, understand all the economic factors in that area that drive the job force and how those factors could affect demand for tenants. 

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here