As the price of gold and silver increases, guess what is going to happen with all the mining stocks when they post their profits with upcoming quarterly reports?
To the moon baby!
All of the mining companies are scurrying to get back into production. Many of them stopped mining when silver was $30/ounce, they couldn't make a profit. However, with silver at $112/ounce, they are going to be making a fortune.
I have a Fidelity account which has an individual account for purchasing stocks with after tax money. I also have a 401k account with my employer.
I created a brokerage link account with Fidelity, I rolled over a portion of my 401k into this brokerage account. There is no penalty, you are not withdrawing the money. This brokerage account acts as a self-directed IRA.
Go to the search bar in your Fidelity account, type in Brokerage link account, an option pops up to create one.
This will give you 2 more accounts: Brokerage account and a Brokerage ROTH account. The ROTH account is for investing after tax money, but I am already doing that in my individual account, so I don't use it.
I purchased 100 shares of Hycroft Mining (HYMC) in Oct for $7.40 each. Cost me $740, today the stock is worth $54.85. Total value is now $5485.
These stock prices range in price from 10 cents through $200. Pick your level of commitment. Many of them are increasing in value 15 - 50% per day.
Vanguard Mining (UUUFF) is currently 0.31 cents per share. It has increased in value by 52% in las two days. I bought it at 0.11 cents. I bought 4000 for $440 and it has increased in value by 22 cents for a profit of $880.
So, you see even penny stocks can make you big money. We know these stocks are going to skyrocket so the risk is minimized. Yes, there are days everything turns red but most days everything is green. On bad days I may lose few hundred dollars but most days I am making $800 - $1000 dollars. It is a long bet, and we have laws of probability in our favor. Most days when stocks are down, it is only by a few cents, losses are minimum.
I pulled $10k out of my 401k 3 months ago and it is above $28k today. I would pull out more but I put the rest in silver back in July, lol.
Here are some stocks to work with:
HYMC is my biggest winner so far
TMQ
USAS (VERY GOOD)
EQX
ASM
VCUFF
VZLA
HL
CDE
DSVSF
THM
MP (this is a rare earth company that is being funded by the dept of war)
DVS
PZG
NFGC
FFMGF
SCTSF
RVG
That is enough to get you started. I would feel guilty if I didn't share this with you. Use it, it is an easy process.
If you go to msn.com look for a box that says "WATCHLIST" Here you can create a watchlist of mining companies and trend the gainers. This will help you decide what is hot and where to invest your money. As you do reasearch you will have more article popping up in your feed with data on more mining stocks to look at. I have a list of 120 mining stocks in my watchlist that I track on a daily basis. I pick out the good ones and invest my money.
I am not a financial advisor blah blah blah!!!
If you have any questions I will try to answer them.
Good luck!
Hey thanks for sharing.
I was buying silver when it was about $20 an ounce. They were all laughing. My prediction, silver (physical) could go up to $400 an ounce. That's Brain_Dead prediction. LOL
Yes sir, I started stacking 20 years ago when it was $6 / ounce. I say a minimum of $200 an ounce, $500 would be appropriate with a legit gold to silver ratio. I see some people predicting $1000 / ounce. Silver will be scarcer than gold soon. That ratio is going to tighten up big time.
Depends on what silver is used for, and how much of it gets mined for those purposes, versus people that just want it as a metal.
Aah, so you know. $6. Darn.
Ya, I have been a coin collector since I was a child. I went to coin shows for many years. I subscribed to numismatic magazines where I learned that silver was undervalued and one day in the near future the ratio would correct itself. So, I knew this day was coming for many years and I am grateful to see it finally happen.
You know it a lot better than me then. LOL
It was $30/oz when I started. And yeah, I 've had to slow my buying way down since the price jumped. But the stacked silver is still there, still increasing in value. I have no regrets,
How do you sell all of that?
https://bullionexchanges.com/sell-to-us/silver
It is very simple.
The moment the power lies by producers and NOT the financial parasites, then the silver price will find a natural balance against gold, and other commodities.
however, the difference between the past natural balance, and the current situation is that Silver is important in electronics, especially in weaponsgrade electronics.
Since there is no replacement for it, silver has a unique position, So, the natural balance against other commodities like gold, may not be 1:16, or 1:15, but rather 1:2, or even 2:1.
Of course, the moment the silver dependence can be alleviated by finding a different method to achieve the same or better conductivity, it may devolve back to its natural balance.
for EV and solar, there are perfect alternatives, and much much cheaper.
It would not surprise me if Silver, marches on the coming years, beyond $330 per ounce (natural balance against $5000 gold) or even a 600 or 900 per ounce.
You get the silver price you choose.
Thanks for explaining this to the people who think a gold to silver (ounce) ratio means anything.
It is their respective demands (after removing suppression methods) that determines their respective prices. The number of gold ounces mined or unmined has no relationship to the true value of silver.
Kudos - Good thread
u/#updoot
The Trump administration plans to put pretty substantial tariffs on imported silver at some point.... that should spur domestic production in the coming years.
My guess is they start to tariff it when silver is in the 300-500$ range. I won't be surprised to see it hit $1000 briefly but it should settle into a range of 400-700 or so through the early 2030s.
Yes, I agree with all of that.
I wondered for a while, at what point do I want to get out and take my profits.
Analysts tell you that precious metals should be used to protect your wealth from a failing fiat dollar.
So, your exit plan should be after we see a new currency. After the fiat dollar is replaced. You do not want to cash out and take a bunch of worthless fiat dollars for your savings.
I hope that helps anyone wondering when is the best time to take their profits.
Remember, this could be a 10 year bull run with silver, the golden years.
Do not get out to early and lose a majority of the growth, we are looking at $200 minimum, very good chance of $500 and best predictions are near $1000 an ounce.
Great job! Thank you!
There is talk that all the mining stocks will all be taking off, following the price of silver. Get more while they are cheap.
Thank you for posting this.
Nah my ticket is still GME & XRP. 🦍
Widen your horizons, there are many opportunities to take advantage of.
HL AG paas are the big 3
I would buy HL right now.
Clive thompson has a good video on picking silver miners.
You can also buy calls,I'm up over 75k on my calls alone.
https://youtu.be/fpL5PZzMHW4?si=RPoB9GZ-T1puPpiL
I would add dblvf and esauf. Look up their pending catalysts and background.
thanks for this. ive created a watchlist in my own account to keep an eye on the mines. will be asking my wealth advisor to appropriate about 10% to mining, and about the same for meme stocks :)
Investing in mining stocks can be risky, we just saw a huge downturn in stock prices with the fall of silver spot price. After purchasing mining stocks, it is not something you can put away for safe keeping. You have to watch them very closely, know the life of the mine and when to get out. Your wealth advisor is not going to do that for you.
Great thread. Been stacking silver since 2021, Lots of GME and DJT also. Something has to take me to the moon.
I bought some of that UUUFF, spent 76 dollars. Thanks for the tip, I'll hang on to that and see what happens.
Just saw this, Blackrock Silver Mine (BKRRF) is about to release a new exploration report in March, The stock is dirt cheap and the CEO here is saying it will be one of the largest silver mines in the USA. I will be selling some under achieving stocks and picking up some of these. No, they are not related to the evil Blackrock corporation.
https://www.youtube.com/watch?v=lwp8698OEQw