This portfolio is in addition to having physical metals. I also like the uranium and nat gas play in the next 10 to 20 years.
My current recommendation is to buy SilverCorp (SVM)…. it is around 5.80 a share and is tremendously undervalued at these slammed prices. It has increased its 2P reserve base from 2011 upwards by 36% to 78 million Silver Ounces. It has a silver cost per ounce of -4$ USD. It has no debt and over 150 million USD in cash on hand. It’s ceo Dr. Rui Feng is considered a renowned geologists as he is very capable of finding quality mine areas in China as it is the first NA miner allowed access into the red dragon. In fact China likes SVM so much that they have encouraged them to take over other smaller miners in the area b/c SVM is much more environmentally friendly and uses proper procedures without polluting, so it gives the local government officials a positive PR image. Anyways, Feng is Chinese and it gives him tremendous leverage to head a Canadian miner in China as he is able to keep a productive relationship with the authorities while delivering excellent results to shareholders. It even pays a 1.52% dividend, one of the highest for silver miners.
Anyways, I suggest you pick them up as it is a good way to diversify into precious metals and gain momentum to the upside as miners historically outperform physicals in every past bull rally with huge returns in the 81 bull and mid 90s bull that gave many people 15x what hey invested back. It’s worth a look at least. Signing off.
David Morgan does know a lot about Silver and that is a good pick too. I think SVM might have a little more upside in a mania market, but they are both great nonetheless and if I had more greenbacks I would pick up Franco…. Doug Casey also suggests Franco Nevada in their Gold Portfolio.
ich1baN Good to hear your voice again. While I am out of paper at this time, Jim Willie thinks Jrs will do well and most of the larger PM subscription services say that Jr and Sr should get a rebound. I hope for the best on those issues they’ve been beated down alot in the last year.
" There are two middlemen here in town that will exchange the silver for paper during normal business hours, for now...
Aside from the few mom and pop stores converting it in the back of the store, it hasn't caught on as a growing trend. But at least we have the gold and silver "stores" that wi... "Reply To: Did anyone ever tried purchasing stuff with precious metals?
" Windex I've never heard of it used for that. Is it the ammonia that neutralizes the corrosive elements? I heard that Simple green is a good solvent for general gun cleaning. It seemed logical in that so long as you dry the gun thoroughly, the SG stuff cleans like a whiz.
"Reply To: Guns, Guns, Guns
" Corrosive ammo is fine, I don't know where the myth started that it instantly eats barrels. Military used it for years and you know they didn't clean guns the minute they stopped firing. I shoot corrosive surplus all the time in my Mosin, when I get home a squirt of Windex down the barrel then cl... "Reply To: Guns, Guns, Guns
" Wombat's right about the Saiga 12, devastating fire power at close range for under $1000. Your better AR15's can run NATO 5.56 rds. That's plenty of stopping power and they are American made which I like. Ammo of all calibers is available for immediate delivery now at BulkAmmo.com "Reply To: Guns, Guns, Guns
" Good info was already posted so I'm just going to add a couple of notes. If you go the AK route you will often see old surplus ammo for sale. Don't ever buy anything that is noted as being corrosive. It's just not worth it. Romanian AKs are fine. All AKs are very durable and even though the ... "Reply To: Guns, Guns, Guns
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