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RE: Double Your Gold by Buying Silver?
Joe, how do you feel about buying stock in mining companies? Specifically junior miners. It seems that the run ups in precious metals affect those stocks the most, and gains of 500% can be had. I wrote an article the other day about a junior miner that I think will jump.
https://steemit.com/money/@getonthetrain/steemit-stock-watch-could-this-nearly-unknown-stock-be-a-home-run
I like them too. They're a mixed bag and largely speculative. The challenge is to figure out which ones are going to survive and which ones won't. Home runs in that sector will bring massive profits. Because it's so volatile, a basket might be the best way to go, grabbing a few to spread risk. All it takes is one to do really well and, like you said, 500% or more can be realized.
On a more positive note, it does look like we've come off recent lows for the last time. If that's the case, then we might already have our survivors. With that in mind, maybe right now is the best time to get into them. I know some are doing well already.
I agree on the "shotgun" approach to junior miners, you can never be 100% which one(s) are going to make it. But like you said, it could only take one. Thanks for the reply.