In the episode we chat to Steve Penny, a full-time trader specialising in silver, gold, and uranium stocks who I’ve been personally following for the last 6 months or so.
Steve is a full time investor and newsletter writer and is known in circles as “The SilverChartist” where he shares useful tips on investing and current market trends across a handful of commodities. I wanted to get Steve on the show because speaking to clients/candidates about investing, I was surprised to find that some who invest in stocks, don’t actually invest in their own industry so though it would be good to get Steve on every few months to give us an update on the market but more importantly, educate us all on some of the things we should be looking at in terms of investing in mining stocks.
We talk about why it’s a good time like never before to invest in mining stocks like gold, silver and uranium and the technicals around the 50 and 200 day moving averages. He also gives some gold, silver and uranium stocks tips that he invests in so don’t miss that.
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KEY TAKEAWAYS
- Everyone needs to own some physical metal outside of the banking system. Currently, silver presents a far more attractive investment opportunity than gold.
- We should try to own a basket of mining stocks and try to hold it for the next two to five years. This is the best way to make this investment pay in the long term.
- 100% of tax receipts will soon be going towards interest on the debt. The big variable will be the number on the interest rate at the time.
- In the case of Bitcoin, there are only a finite supply of them, and when people want to own them, the price goes up. Silver is in the same position.
BEST MOMENTS
'I couldn't be more grateful to have this opportunity to share what I'm passionate about'
'In my heart I want to help as many people as possible'
'That's why it's good to have some help from someone who does this full time'
'There's no alternative to physical silver'
VALUABLE RESOURCES
Dig Deep – The Mining Podcast on iTunes
The SilverChartist - https://www.silverchartist.com/pro
Sign up to Steve’s Free Newsletter here: https://bit.ly/3fmbMDa
ABOUT THE HOST
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight to peoples experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, Middle East, Asia and Australia. We source, headhunt and discover new and top talent talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients organisation in any mining discipline or level. Mining International provides a transparent, informative and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
www.mining-international.org
https://twitter.com/MiningConsult
https://www.facebook.com/MiningInternational.org
https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3
