/biz/ - Business & Finance

>>25768220
As a brainlet who wants some exposure to the leverage that mining stocks provide. Should I just mimic Sprotts portfolio? pic related

First for sprott

>>25186493
I too focus on explorers but have lately noticed that I should have more near-term producers or developers. Working on that atm. Not too sure about the "last bull market"... I'll just focus on getting undervalued companies and investing in companies that will do well even if status quo remains or pm's go down a bit. No telling what will happen.
>>25186544
Haven't checked but I don't think he's in MEK. I don't think he is in many microcaps in any case
>>25186601
Not going to check but pic related might be newer

>>25057270
here's his folio

>>24253859

>Is it true that, the smaller the market cap of the mining company, the later it will move in a PM bull market, especially so for silver miners?

That is sometimes true, yes. I believe the reason why that is sometimes the case is that only the more discerning investors know about the small-cap companies. So what happens is that, at the beginning of a miner bull market, the institutional investors go into the large producers and ETFs, and that inflow of capital then allows people who are already in those large-cap stocks, and who are knowledgeable about the mining industry, to take profits, and shift them into the lagging small-caps, which they know to be vastly undervalued. It takes very little money, taken out of the larger sources, to make the small caps move, and so they eventually give enormous returns. Sprott gives us an example of this process. See e. g. that he sells a lot of his Kirkland Lake, and buys 4 million shares in Mountain Boy Minerals, which is what caused it to appreciate 3x in price.

On the other hand, Rick Rule is jaded by a long history in the mining industry and seems to have an instinctive hatred and disdain for small caps, so take what he says with a grain of salt. Many silver small caps have vastly outperformed the producers this year (see e. g. Callinex, Eloro Resorces, Vangold). I invested in small caps from the beginning and will continue to hold only small caps, because you never know when the catalyst will come to make them soar; e. g. Silver Spruce announcing that they are drilling at Pino. Some would say that we are already past the initial stage of this miner bull market, where the larger-caps generally outperform the smaller-caps. We already saw that happen from March to July.

>>24199233

Yes. Sprott has $1.4 billion in the mining stocks, so if they go 160x from here onward, Sprott will have a net-worth higher than that of Jeff Bezos.

>>24020348

This is the latest information about Sprott's portfolio. Cannot find anything later than this. It includes his buying of Mountain Boy Minerals, but is earlier than his recent addition to Silver One and his acquisition of First Majestic.

>>24020416

People buy BTC allegedly as a hedge against fiat, but BTC couldn't be used as a currency by 0.1% of the world population, even with the LN. And even the LN would track and trace everything you do. So obviously what happens to BTC when fiat dies is the same thing that will happen to tech stocks or bonds or anything else priced above its intrinsic value; it completely collapses. Gold is already prepared for the post-fiat world; all that central banks have to do is make their currencies convertible into it, and use those currencies in the modern banking system.