Lately, commodities and natural resource stocks have been through a pretty rough patch. But I’d be wary of NOT being exposed to a market that’s been beaten down so hard. In other words, don’t panic out of your positions.
Whatever daily disaster leads the news cycle, the fact is that people everywhere still want their world to work. People want food and clean water. People want housing, and they want the lights to come on when they flick a switch. They want gasoline for their cars (and they want cars!). Basically, people want stuff, and that requires a resource economy to deliver the energy and minerals that the world needs.
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My Favorite Way to Own Silver
My favorite way to own silver is the Sprott Physical Silver Trust (NYSE:PSLV). This is a product of the Eric Sprott group, of Toronto.
Units of this trust were trading well above $20 a few months ago. But today, even after silver’s January rally, the units are trading below $15. That’s a 25% decline, which is in sync with the drop in the price of silver.
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