Silver Storm Mining Ltd. (TSXV:SVRS)
Building the Next Latin American Silver Producer.
As inflation and recession fears permeated the market in late March, Robert Kiyosaki, famed author of Rich Dad Poor Dad, tweeted his support for silver as the commodity of choice for the immediate future. So, why is Kiyosaki an advocate of silver investing? Let’s take a look at an example of a red-hot silver stock that you should consider following.
Kiyosaki spent the latter days of March tweeting of the impending financial apocalypse painting a grim picture of the U.S. economy and projecting the collapse of the US dollar. His comments coincided with the 2-year and the 10-year Treasury yields inverting for the first time since 2019, a possible recession signal.
REPO MARKET INVERSION. Last time this happened was 2008. Be careful. Recession and crash coming. Weak businesses & greedy investors to fail. In 2008 I borrowed $300 million to buy great real estate, at bargain prices. Time to get rich coming again. TIME TO GET SMART not greedy.
— therealkiyosaki (@theRealKiyosaki) April 1, 2022
The current geopolitical situation with the war in Ukraine and sanctions against Russia are another reason why Kiyosaki believes that the US dollar is in danger of collapse.
Will Smith slaps Chris Rock at Oscars. Biden slaps Putin on world stage. Toxic masculinity. World in trouble. National debt to go through the roof. Biden causing inflation & blaming Putin. Dollar about to implode. Buy more gold, silver, Bitcoin, Ethereum, & Solana before WW3.
— therealkiyosaki (@theRealKiyosaki) March 29, 2022
Kiyosaki has always been a proponent of silver investing claiming that “silver is the only commodity you can use for a currency and for industrial purposes.” With inflationary fears rising, he has taken a humourous approach to why investors should look at silver.
MY ANSWER to “price tuna or silver in 2027?” If tuna goes to $25 a can, price of silver eagles go to $250 or more. MY REAL ANSWER : If tuna goes to $25 a can we are all SCREWED. REVOLUTION begins because 40% of Americans have less than $1000. $25 tuna bankrupts them and USA.
— therealkiyosaki (@theRealKiyosaki) April 1, 2022
Joking aside, silver has had a great run since the beginning of the pandemic, rising over 100% from its lowest point in March 2020. Not only as an investment haven, silver’s industrial consumption accounted for approximately half of world’s annual silver demand and in 2021 we saw that electric vehicles, solar and other green technologies as a driving factor for silver price growth.
Major silver companies have also seen the interest in silver reflected in their stock performance. Since March 2020, Endeavour Silver has seen an almost 300% increase in stock price. Endeavour Silver Corp., a mid-tier precious metals mining company listed on the NYSE:EXK and TSX:EDR owns four high-grade, underground, silver-gold mines in Mexico.
So what does this mean for investors? Another option worth considering is exploration silver stocks. An Exploration Mining Company is defined as a company whose primary business is exploring, seeking to develop, or actively mining natural resource deposits. Theoretically, the value of an exploration mining company should be based on, among many other things, the estimated value of metal that is buried in the grounds of their property, the level of certainty the company has of their estimate, as well the confidence that the market has on the ability of the company to follow through with their plans.
A silver exploration company that investors should keep an eye on is Golden Tag Resources.
Golden Tag Resources (TSX.V: GOG) (OTCQB: GTAGF) is a silver exploration company advancing the largest undeveloped silver asset in Mexico, the San Diego property, which happens to be located near Endeavour Silver’s active mines.
The company has had an active beginning to 2022, completing their exploration drilling program and now, publishing results of their drills. Most recently, in March, the company announced finding high grade silver in their drill holes, as quoted from their press release:
Golden Tag is also very active on their social media, making sure that shareholders and new investors can keep a close eye on their progress. Their Twitter account includes videos of their operations.
Disclaimer: The company described in this article is a customer of NAI Interactive Ltd. This material is for informational purposes only and is not intended as a recommendation or offer or solicitation for the purchase or sale of any securities or financial instruments, or for transactions involving any financial instrument or trading strategy.
