Nine - the historic ratio between Gold and Silver is out of wack. With Global meltdowns and monsoons and floods is there going to be any gold buying this year in India? No.
With Drought and Covid lock down any buying from China? No.
That leaves the Saudi's and like minded oil barons as the only buyers of gold.
Silver though... I wonder if it now out performs?
Stoney...
These are the ultras, you can get a side by side comparison. Silver vs Gold.
I know you don't like ETF's, and any astute player knows that ultras decay over time, but on a day (or a few days) when you think silver will pop, this is the way to go.
But you want a pure-play... or a miner.
I'd listen to 9Ender... or maybe even
@themickey will chime in.... you know my history with mining stocks... it sucks to say the least.
I'm pretty sure Mexico and Peru have the most Silver... a quick Google:
The Mining Centers of Mexico:
The leading silver mining town in Mexico is located in Fresnillo, Zacatecas. Fresnillo is located
in north-central Mexico, 568 km (353 miles) northwest of Mexico City. The area has been a
leading silver-producing town since the mid-1500s and one of the world’s oldest continuous
mines.
Today, Fresnillo is a mining company that was founded in 2008. They are Mexico’s single
largest producer of silver and listed on the over-the-county stock market in the United States
and on the London Stock Exchange. Last year, 53.1 million ounces of silver were produced at
Fresnillo.
That company looks pretty sleepy... not a run of the mill Stoney stock to say the least.
https://www.investing.com/equities/fresnillo?cid=1057267
But it is near a 5 year low.
I'd go with the ultra's though.
Miners and pure plays are always slow movers, in the absence of a major catalyst.
And if that happens, the ultras are bank anyway.
Ahhh... whatever.
If you want Silver, buy MS-70 grade hard to find Silver Dollars.
You come up with the silliest ideas Stoney.
Had you shorted the Nasdaq today, trusting in
the savant's predictions for 9/15 .... when you were blabbing about how great you were... a Lizard King lol....
you would have made more in 3 hours than you'd make in three years buying silver and/or a foreign mining stock... outside a (stoney favorite) Seeking Alpha writer that manages to get the herd of children at Robinhood to chase some unknown penny stock miner in Canada that he and his buddies loaded up on 40% cheaper and 3 days prior.
STICK WITH THE GURU STONEY!!!
**** And I'm not afraid to admit my losers... unlike some on this thread.... MRVL.... pfff... could I have picked worse timing?
HORRIBLE CALL VZ!
