With low cost producers being brought down along with the high cost marginal producers, many such as Gold Resource Corp (GORO), Yamana Gold (AUY), Eldorado Gold (EGO), Gold Corp (GG), and Silver Wheaton (SLW) look very attractive. As the video discusses, mining is a boring and ugly and expensive business which prevents many young investors from getting too involved. But the base of any economy is its resources, which always must be remembered. If there is no investment in uranium, for example, then there will be no lights.
And with the entire sector being hated it gives investors the ability to “buy low;sell high”.
Running length 10:14
This is my first video and will become hopefully a weekly video log on companies, economic philosophy, or investments. Hopefully it is well received and investors will have more information and critical thoughts from these short videos.
