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Seeing anything interesting? Shortages to come?
China is the largest consumer of commodities. That's how I got interested in the subject. Plus the fact that commodities have the most explosiv$ upside potential.
Nope. Btw I watch the oil tanker and drybulk shipping markets. I'm getting some good intel on commodities.
Yeah i watched it All. Good stuff. Did i miss something?
Did you play the whole thing?
Hey yeah thats a great little graphic. Ol Australia and Russia sure have a lock on all sorts of resources
Btw nice green day!
Yeah Im very heavy currently. My portfolio currently Range fluctuates somewhere 70-75% PM tickers and other natural resource stocks. The non PMs resource stocks are VALE, BBL and RIO and now TVCCF.
Saw that. I'm happy with my 10% allocation in precious metals. Are you all in with precious metals?
USAS doing well on a red PM day.
Warren Buffett bought 3,500 tons of silver in 1997. The purchase helped make Thomas Kaplan a billionaire.
Theron Mohamed May 25, 2020, 7:38 AM
Warren Buffett's purchase of almost 3,500 tons of silver in 1997 helped turn Thomas Kaplan into a billionaire.
After the silver bubble burst in early 1980, the precious metal plunged in price from $50 an ounce to below $10, and it was widely dismissed as a bad investment.
"What really put an end to it was when Warren Buffett bought [those] ounces of silver," Kaplan, the chairman of NovaGold Resources, told shareholders this month.
"It became public that he had done this the week when I was taking my silver company public," Kaplan said. "That changed everything."
Kaplan told Business Insider he personally thanked Buffett at a dinner years later.
Warren Buffett made an unusual move in 1997 when he bought 111 million ounces, or nearly 3,500 tons, of silver. The famed investor's purchase helped make Thomas Kaplan a billionaire.
"That changed everything"
Kaplan was in his early 30s, with a doctorate in history from Oxford University but zero industry experience, when he founded a mining company named Apex Silver Mines in 1993. Despite his lack of credentials, he received a $10 million investment from billionaire investor George Soros in 1994.
At the time, the global silver market was still recovering from oil tycoon Nelson Bunker Hunt and his brothers almost cornering it in 1979. The silver bubble had burst in early 1980, slashing the price of the precious metal from $50 an ounce to less than $10, and making it a toxic asset for many investors.
"What really put an end to it was when Warren Buffett bought [those] ounces of silver," Kaplan, now the chairman of NovaGold Resources, said during the miner's virtual shareholder meeting this month, according to a transcript on Sentieo, a financial-research site.
"I remember it vividly because there but for the grace of God, it became public that he had done this the week when I was taking my silver company public," Kaplan continued, referring to Apex.
"And otherwise, not a very good time to be in the market, but that changed everything."
Berkshire's wager
Buffett and his partner Charlie Munger's silver investment didn't just benefit Kaplan. It also generated a pre-tax return of more than $97 million for their Berkshire Hathaway conglomerate, Buffett said in his 1997 letter to shareholders.
The Berkshire CEO described the wager as a "return to the past" as he bought silver in the 1960s in anticipation of its demonetization by the US government. In 1997, he bet on the metal again as he predicted shrinking stockpiles would push up the silver price.
"In recent years, bullion inventories have fallen materially, and Charlie and I concluded that a higher price would be needed to establish equilibrium between supply and demand," Buffett said in the letter.
Bill Gates, the Microsoft cofounder and Buffett's close friend, must have come to the same conclusion. He took a stake in a miner, Pan American Silver, in 1999.
"Gold on steroids"
Buffett's vote of confidence restored the perception of silver as a viable investment.
"From that moment on, I never had to explain to people the rationale for owning silver," Kaplan said on the NovaGold call, referring to the metal having many industrial uses and serving as a store of value.
"The fact that it has both components means that it's gold on steroids," he added.
Buffett's endorsement of silver enabled Apex to list its shares successfully, paving the way for Kaplan to cash out most of his stock by 2004. He went on to score huge returns from investing in an African platinum miner and founding a Texas oil-and-gas company, both of which ballooned in value and were acquired in 2007.
Today, Kaplan leads The Electrum Group, an investment firm focused on natural resources. He also heads up Panthera, an organization devoted to "big cat" conservation, and boasts the world's largest private collection of Rembrandts.
The billionaire credits some of his success to Buffett's surprise bet on silver in 1997.
"I owe him one," Kaplan told Business Insider, adding that Buffett's purchase was "one of a string of just ridiculous strokes of luck."
Silver could surge again
Precious metals are poised for another historic rally as investors seek to safeguard their wealth from the coronavirus pandemic, Kaplan predicted on the NovaGold call.
"Buffett took his position at $4 or $4.50, and silver ultimately went back to $50," he said. "You're going to see something not dissimilar once again, in silver, but very much in gold."
The Berkshire chief's dearth of stock purchases when the market tanked in March suggests he's worried, Kaplan argued, strengthening the case for investing in gold and silver.
"We're in a world where Warren Buffett is standing aside — that's not his stock and trade during these crises," he said.
"Anyone who listened in on his annual general meeting will see that this was not the same gung ho, 'you've got to buy this pullback,'" Kaplan continued.
"That tells me that he, too, is looking for ways to preserve wealth and preserve value."
There's no sign yet that Buffett is eyeing a return to silver or planning to pile into gold. But it's safe to say that Kaplan would welcome another boost from the Berkshire boss.
Read more: The investment chief of a $12 billion wealth-management firm breaks down how to build the perfect portfolio using just 7 ETFs — one designed to sidestep a dramatically 'overvalued' stock market
Yeah, Im doing some buying later this week. Seeing how things shake out
On sale for sure. Have to skip this one today.
Wow buying opp right here!
Americas Gold and Silver Hosts Official Opening Ceremony for Cosalá Operations
January 24 2022 - 07:00AM
Business Wire
Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”) hosted an official opening ceremony for the Company’s Cosalá Operations on Friday, January 21, 2022.
The ceremony included the Company’s President and CEO, Darren Blasutti, the Mexican Minister of Economy, Tatiana Clouthier, the Governor of the State of Sinaloa, Rubén Rocha Moya and the Cosalá Mayor, Carla Corrales.
All three government representatives spoke passionately about the importance of the mine to the local community, the Sinaloa state and the Country. They thanked the Company for its perseverance during the illegal blockade and the commitment of capital to re-open the mine. In addition, they pledged their support and resources to keep the mine open permanently. The inclusion of these high-ranking government officials demonstrates the tremendous support for the Cosalá Operations as well as the strengthened relationship between the Company and all levels of government to ensure stable conditions for the operations moving forward.
“I was pleased to personally welcome the Mexican Minister of Economy and the Governor of the State of Sinaloa to the San Rafael Mine in Cosalá and to witness firsthand their tremendous support for the mine and the community of Cosalá. They appreciated our commitment to the local community and promised to enforce all conditions required to allow for stable and profitable operations moving forward,” stated Americas Gold and Silver President & CEO Darren Blasutti. “Following a challenging 19 months during the illegal blockade, I would like to thank our workforce for all their efforts in an efficient and effective return to operations. The plant is now operating at the targeted level of production which, combined with the current metal prices, should generate significant amount of free cash flow for the Company moving forward.”
The speeches made by the three government representatives as well as English transcripts can be found on the Company's website under the Cosalá Operations section using the following link:
https://americas-gold.com/operations/cosala-operations/reopening-ceremony-speeches/
Initial production at the Cosalá Operations will focus on maximizing near-term free cash flow by mining high-grade zinc areas of the Main Zone which were fully developed prior to the illegal blockade. Over the course of the next six months, the mine will continue development into the Upper Zone, which carries silver grades approximately 5-6 times higher than the Main Zone. Mining the silver-rich areas of the Cosalá Operations is expected to significantly increase silver production to over 2.5 million ounces of silver on an annualized basis.
About Americas Gold and Silver Corporation
Americas Gold and Silver Corporation is a high-growth precious metals mining company with multiple assets in North America. The Company owns and operates the Cosalá Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, USA, and is re-evaluating the Relief Canyon mine in Nevada, USA. The Company also owns the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR or www.americas-gold.com.
GORO looks interesting. When I was doing dd on SVM I found out they have stakes in NEWP, OMGGF, WHGDF, VLMZF. A couple of these look interesting. Have you ever looked at these?
Heads up on DWAC. Gotta like politics for this one. And forget about valuations.
Rick Rule is cool. I had my portfolio reviewed by him. Like you I also try to capture gains in big companies except I use etf's. So I'm mostly in micro and nanocaps.
Copper is actually what ive been looking into lately. As everyone expects to be using more over the next decades to come. I like the look of this.
Oof tough question since Im not truly sure. I really like GPL, I think theyre also undervalued like USAS, then Im in a bunch of tiny juniors like Silver Hammer HAMRF, Blackrock BKRRF and a few other even smaller companies. I like GORO too. I mean im also in large resource companies VALE, BHP, Rio Tinto. But theyre just good dividend plays, not like the hundreds if percent i hope to get out of these small precious metals miners.
I am a fan of Rick Rule so I cant be all in "penny dreadfuls" haha
Mephisto, if I may ask. What is your best silver play?
Surf
OK, since we're the only guys here. How about a copper play? TVCCF (formerly Sprott Resource Holdings). Are you looking at copper?
Glad someone else thinks theres good opportunity here
Glad someone else thinks theres good opportunity here :) . So they are on my radar but i dont own them and have been waiting and hoping they would maybe go under 3 before i bought. Ive been pretty focused on smaller market cap. I think theyre just a bit overvalued.
Do you have any thoughts on SVM?
I've got shares. I like the name of the company. And it has gold, silver, lead, zinc, and copper. And Sprott is involved. 2022
No one else is into this? Profitable with over 280 million of assets, 130 mil market cap? Operating mines? Just me? Ok then
Same here! I may have a lot of eggs in the physical and equity mining market haha.
You in Louisiana? Over in Lafayette here.
Mephisto Berserk, I'll be more than Happy when it starts getting a lot of ~LOVE~!
The precious metals mining sector has to be the least loved in the market at the moment. One day that will change.
Rick Rule: This is How Much Gold YOU SHOULD Be Holding To Get Rich Before The 'Super Cycle' Starts - Dec 21, 2021
https://www.youtube.com/watch?v=MGAYKja96Uk
I agree. Silver's going up.
I hold both especially several of the div paying PM's which can give me 4-12% div
The banks control the .gov not the other way around... physical is the answer.
$Silver Prices Will Hit New Highs Because Of This!! - David Morgan | Latest Silver Price Prediction
16,466 viewsOct 20, 2021
Finance Alley
#USAS: ROCK & ROLL... GO NY BoB $0.90
$Pro-Life Be Ready: SILVER Price Will 10X Once This Happens!! - Egon von Greyerz | Silver Price Prediction
2,449 views Oct 10, 2021
Finance Daily
#USAS: GLAD I ADDED DOWN HERE... $0.74...
GO PRO
Even more so after today's takedown...
Looks absolutely fantastic... NICE!!!
#USAS: https://www.facebook.com/AmericasGoldandSilver
https://www.otcmarkets.com/otcapi/company/logo/USAS
https://scontent.fmia1-1.fna.fbcdn.net/v/t1.6435-9/69700392_3561851257173842_5790929092668817408_n.jpg?_nc_cat=107&ccb=1-5&_nc_sid=09cbfe&_nc_ohc=uUi0YfUkqYcAX8JVc7s&_nc_ht=scontent.fmia1-1.fna&oh=f6ce2fb2fd879ebcc2848b8333e4a50e&oe=61726032
https://scontent.fmia1-1.fna.fbcdn.net/v/t1.6435-9/p720x720/82563795_4001006226591674_8268283885612171264_n.jpg?_nc_cat=107&ccb=1-5&_nc_sid=e3f864&_nc_ohc=jkbhWGOhmGQAX90b4FH&_nc_ht=scontent.fmia1-1.fna&oh=0108782c1369d968cd347b695a980e1a&oe=616FDA67
$Montanore thanks; Here's How Silver Will Move Like Bitcoin | Michael Oliver
18,969 views Premiered Sep 11, 2021
1.3K
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