I just watched an interview with David Tice (veteran fund manager/investor) on Markets Insider. He started by saying, “big tech stocks and bitcoin are too expensive, while gold and silver are cheap and effective hedges against inflation and a weaker dollar.” This bullish view on gold/silver is due to a few reasons.
- Overvaluations by comparing companies to their earnings/projected earnings
- US gov racking up record levels of debt
- Treasury yields slumping
- Accelerating inflation/money printing These problems aren't even isolated to the US but to nearly every country globally. Gold/silver miners have been trading relatively cheaply and are highly undervalued at the moment because investors have moved their money into big tech to capitalize on the tech craze.
https://www.google.ca/amp/s/www.businessinsider.com/david-tice-big-tech-stocks-bitcoin-price-gold-silver-miners-2021-7%3famp
A stock I've been looking at for a while now is $AGX. It's a Peru-based junior miner with 3 main projects under its belt. And my favourite thing about the company is that it's in PRODUCTION! A recent news release updated on their progress this year.
- Completed a 4,000m infill drill program at their Tangana Mine (4.8M tonnes of inferred resource grading 116g/t Ag)
- Maria Luz has reported an amazing 496g/t Ag grade in 195k tonnes of inferred resources
- Update on revenue: $6.5M YTD! Rarely any other junior miners can produce this early on; as production ramps up, I can only expect the revenue numbers to jump higher over the last half of this year.
- More revenue generated = more money going towards development, and less money is taken out in loans, financing, and debt
https://finance.yahoo.com/news/silver-x-announces-usd-6-120000880.html
Honestly, they’re extremely undervalued here at $0.38. I’ve seen so many other exploration companies with lower graded mines and 0 mineral production be valued higher. I’ll be adding more to my position every chance I get. GLTA!!