Rick has really changed my life by opening my eyes. 57 and just now learning about money and the woes ahead. But I’m happy to be aware now. Better late than never thank you Rick rule !!
I think it's pretty easy to see why people hate silver. I get Rick's point, but I've owned silver for over 10 years and I'm exactly where I started when I purchased. That's exactly why people hate silver. Real real hate. I get it.
One of the ways that I see silver investors screw ourselves is we tend to buy when we get excited and that is often when we're all excited. We buy at short term tops, making our returns even worse. The returns have been awful no matter how I slice it. I still believe in the thesis though.
The most important thing about price manipulation, other than the price itself, is the emotional gaslighting & psychological horrors that must accompany this price fixing.
@TheKlaus3001 from a few years ago, yes. The original comment said 10 years. If you look at silver price in 2013, it was same as today. It was even higher in the couple of years before that. So, if you bought and held silver for 10 years, you've gone backwards, because it hasn't even kept up with inflation.
I have stated before...it helps to be a bit of a masochist to invest in miners, especially Silver ones. The punishment I have endured over a decade has not dissuaded me in the slightest as the fundamentals have only grown stronger. It makes me more resolute. I hold large positions in FSM, AG, EXK, EQX, HL, MAG, NGD. Mid tier producers offer leverage without exploration risk.
My first killing in the market came about by buying zero coupon bonds at the height of the Volker interest rates in the 80s. My second was index funds in the Great Bull Market. I am now fully invested in metal miners, bought for ridiculously cheap. I am going for a hat trick. 😊👍
Happy to listen, happy to have staked out a position in B2Gold, and be staking out a position in silver players like PAAS (I'm a little late to the party on PAAS, but the thesis still looks strong enough). Still early in my portfolio building process so simply don't have the cash to invest what I want to in copper, uranium, gold, silver, but I'm starting to. Happily overweight PBR as well, they're a money printer that people seem irrationally scared of. "Lula will x, Lula will y", so far the only thing Lula has done is pay me a ~19% dividend yield since he got elected!
Day after day, year after year Silver is supposed to explode... it never does it when it is predicted. It usually tanks when everyone starts talking about it. Please say that Silver is going into the Shitter so it can then soar.
Hi @phillyutc I think the trick in this entire game is to understand that the fundamentals in silver will take over eventually. But the money is made in understanding and then acting in the micro- investing in good to great companies at a GREAT PRICE. What makes Rick great is his methodology, willingness to do the hard and mundane work, and then discipline- he will wait until he sees the fat pitch down the middle; take a big swing, and then wait some more until the price and market goes into his favor. Rick has mentored me from afar (unknown to himself) for over thirty years. I first met him in 1994 (he doesn’t remember) and he hasn’t really changed his method or personally since then. And that is what makes him special. Reminds me of a man named Buffett. ;)
Interesting Rick potentially has Pan American Silver moving back up his rankings, sounds as huge optionality with their dormant assets plus they did also increase silver production through Yamana gold, whilst building in a lot of gold ounces - guess those are helping the balance sheet somewhat better now at +$2000 gold (& Yamana never had that luxury themselves?) In theory” Pan American could do better with those assets, as a silver focused company, than Yamana gold did. Also given the significant higher price trajectory, PAAS look very well positioned here. ( disclosure, I’m a modestly interested share holder)) Keen to discover which other silver companies may get a 3 rating? possibly it’s a short list))
Silver (and especially the silver stocks) will have 30 days when they take off like a space X rocket, just make sure you’re not on holiday when they light the fuse! otherwise you’ll have to chase
Andy - I always learn so much from Rick. You did a real great job of getting him to explain more about his ranking system. Believe it or not, I can't remember any other Rick Rule interviews where he got as 'granular' on his ranking system. If Rick won't or can't talk about something, he will politely advise. Now that he is free of his Gov't licensing, he doesn't have to talk about 'conflicts of interest' and make sure he sidesteps 'legalities'. Keep up the good work !!!!!!!!!!!!!!!!!!!!
Thanks for the feedback, much appreciated and I am trying to improve with every interview and Avery guest. And I have a lot of other great guests scheduled in the coming weeks and months. Side story - I first met Rick at a conference in 94. I was such a young kid then. He was the same then as he is now- humble, gracious and appproachable, yet opinionated and the most knowledgeable person I know about natural resource stocks. I owe a lot to Rick, he was a mentor from afar.
When Andy asks about what Rick won't buy (at about 29:30), Rick says "I won't buy anything under a 5." I believe he meant to say "I won't buy anything OVER a 5."
@@ForAndroid101 Yes, I have 10 percent in gold and silver. I have been doing this for 20 years. I believe this is the start of a commodities super cycle.
Too big and low (no) leverage to gold and silver price increase. It better to buy smaller profitable companies with big deposits worth several Billions valued for few hundreds milions at most.
I own both paas and first majestic for exactly the reasons Rick suggested. They have proven, ready to go mines that at $30. + silver prices may get restarted and double or triple the stock price over time.
34:18 Andy you mention a company: "Hell-kah" mining. Do you mean ... you must mean Hecla Mining (Heck-lah). I can't understand why Rick says he has no opinion on it. "Hecla is the largest primary silver producer in the United States and has been in business for 130 years." Rick has knowledge of so very many stocks of much less significance than Hecla. So why does he give no info on Hecla? But, oh well ... great job interviewing Andy; Rick enthusiastically shared lots of great information!!
I am waiting for silver to blow up since... 7 years... it is as exciting as watching paint dry... for Christ sake I also put a bit in cryptos back then...
Something super strange here. The giant elephant in the room. I wish you would have ask WHY no ranking on HL? What was its previous ranking and why the change to unranked? Rick does deep analysis on all these silver and gold miners. Does deep dives on some juniors sometimes. Isn’t HL the LARGEST silver miner in USA? It’s almost like a 35 year veteran tech analyst not having a ranking on Microsoft or Intel OR a crypto investment expert not having a rating on Bitcoin or Ethereum! What’s going on here? I would welcome anybody’s speculations.
Hi Marcus. I thought about this in the moment and upon reflection. I think it only has to do with me mispronouncing the name. I asked “Helca” as opposed to Hecla; so this was/is entirely on me. It was a just in the moment mistake-yes I am familiar with the stock. Just an honest mistake in the moment on my part. So Rick was either extremely gracious, not wanting to show me up, or he didn’t want to say much because I threw him off. Next time, I will not make the same mistake. Thanks for the feedback and question!
As a small private investor is it even possible to get warrents to buy at a lower price in the future at all? I do understand that you lock yourself in for a long run and usually thats not something private and esp. small investors tend to like, as they want a quick profit, yet it seems investing into not public listet companies really is the way to go. As someone who is not particulier into the resource world professionally, yet wants to stick my toes deeper as it for ones, seems to be a place one can make a good amount of money if duediligence and patience is put into it. Secondly there is just something satisfactory of owning a mine as it actually produces something usefull. Lastly, I think it is one of the most purpose giving areas to allocate ones money.
Thanks for the feedback. A warrant, when offered, would be with a private placement. To dip your toes in, it’s probably best for you to buy retail in the exchanges (I am not giving advice). Another option is to have money managed with these. The manager will typically take a small percentage.
