7 Silver and Gold Mining Penny Stocks to Brighten Your Portfolio | Summary and Q&A

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January 13, 2021
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Let's Talk Money! with Joseph Hogue, CFA
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7 Silver and Gold Mining Penny Stocks to Brighten Your Portfolio

TL;DR

Analysts predict a surge in gold and silver prices due to inflation and a weakening US dollar, making penny stocks in the mining industry attractive for leveraged returns.

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Questions & Answers

Q: Why are analysts predicting a surge in gold and silver prices?

Analysts believe that expectations of inflation and a weakening US dollar will drive up gold and silver prices. These factors increase the demand for precious metals as a hedge against currency devaluation.

Q: Why are mining penny stocks preferred during a period of rising prices for gold and silver?

Mining penny stocks have the potential to magnify the effects of rising metal prices through financial leverage. This can significantly boost profits and returns in an upward market.

Q: What are the risks associated with investing in penny stocks?

Penny stocks, especially in the mining industry, are highly risky due to their lack of financial leverage and reliance on a few projects. Their success is heavily dependent on the success of those specific projects, making them vulnerable to feast or famine scenarios.

Q: What are the key factors contributing to the potential rise in gold and silver prices?

The two main factors are expectations of inflation and a weakening US dollar. Both factors contribute to increased demand for precious metals as a store of value and protection against currency depreciation.

Summary & Key Takeaways

  • Precious metals, particularly gold and silver, are expected to experience a significant price increase in the next 12 months due to expectations of high inflation and a weakening US dollar.

  • Investing in mining penny stocks can provide leveraged returns during this potential commodity super cycle.

  • Several penny stocks in the gold and silver mining industry show promising potential for profits, such as Silver Dollar Resources, Avino Silver and Gold Mines, and Paramount Gold Nevada.

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