Feb 13, 2023
We're excited about this week's Stansberry Investor Hour show... Keith Neumeyer – the founder, president, and CEO of major Canadian mining company First Majestic Silver – shares what it takes to make a fortune in the industry.
As Keith explains, "The mining sector brings a huge amount of value to the human race" as many modern technologies rely on it, especially silver...
All the different technologies we started to adopt as a human race in the mid-'80s and beyond, I just put two and two together and I said, "Silver is the glue that holds everything together. Without silver, none of this is going to work."
Silver is crucial to modern society, and it can be highly rewarding... as long as you know what you're doing. Before signing off this week's podcast, Keith shares the top qualities novice investors should look for in a mining company. (Solid management is his top pick.) And he recommends not waiting too long to take profits or holding on for the elusive 10-bagger, saying...
These things will spike all of a sudden [...] The stock will go up 300%, 400%, 500%, which is fantastic. That's what the mining sector can do for you if your timing is right. But you have to be smart as an investor. If you're up 300%, you'd better be selling something. If you don't, you're an idiot. If you're up 500%, I would suggest you're out of the stock completely.
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