By Ethan Messenger
News about gold and silver has dominated the market lately. Silver had reached 30 year highs, only to be followed by a 27% fall this month. Gold has fallen 4.7% in the past week. Where should you invest in such a turbulent precious metals market? Six investments have been chosen, including both ETFs and stocks, to help better understand current investment options in gold and silver.
Silver Wheaton Corp (SLW) is a pure play silver mining company, the largest in the silver streaming industry. It sells over 19 million ounces of silver mined by other companies as a by-product (i.e. not their primary product) including Barrick Gold (ABX) and Goldcorp (GG), both of which I will discuss later in this article. Silver Wheaton?s impressive track record is due to a multitude of factors, but the fact that it is routed through a Cayman Island subsidiary, and pays no income tax as a result, is certainly important in understanding its bottom line.
Silver Wheaton?s CEO, Peter Barnes, said in an?interview with CNBC that silver prices could go through $50 in the next two to three years, and that hedging the company?s silver is not on the horizon. Silver Wheaton has come to embrace its role as the world?s largest buyer of silver streaming contracts. Many mining investments can often take years to yield a return due to factors in ?To continue reading, click here.
About Investment Underground
Related posts:
- 10 Housing Stocks That Could Blast Higher This Summer
- Should Investors Play Gold, Gold Miners or Gold ETFs?
- Buffett and Burlington: Ready to Burn Some Coal
- 8 Commodity Powerhouses to Save Your Portfolio From Rapid Inflation
- Investing Guru Jean-Marie Evillard?s 10 Bullish Gold and Oil Bets
green bean casserole royal wedding guest list prime rib recipe kai mashed potatoes recipe
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.