{"id":5639,"date":"2025-12-12T08:16:23","date_gmt":"2025-12-12T13:16:23","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=5639"},"modified":"2025-12-18T19:28:48","modified_gmt":"2025-12-19T00:28:48","slug":"always-assume-gold-silver-boom-goes-bust-when-investing","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/always-assume-gold-silver-boom-goes-bust-when-investing\/","title":{"rendered":"Always Assume Gold\/Silver Boom Goes Bust When Investing"},"content":{"rendered":"\n

Always assume the gold<\/strong><\/span> and silver<\/strong><\/span> boom<\/strong><\/span> will eventually go bust<\/strong><\/span>. Never<\/span> invest<\/span><\/strong> as if the current upcycle<\/strong><\/span> is guaranteed<\/strong><\/span> to turn into<\/strong><\/span> a bubble<\/strong><\/span>.<\/span><\/span><\/p>\n\n

That mindset is exactly why we focus on free cash flow<\/strong><\/span>, asset quality<\/strong><\/span>, execution<\/strong><\/span>, and valuation discipline<\/strong><\/span>… not<\/strong><\/span> hype<\/strong><\/span> or momentum<\/span><\/strong>.<\/span><\/span><\/p>\n\n

For example, many people ask us about Americas Gold and Silver (TSX: USA)<\/strong>. We struggle<\/span><\/strong> to understand why the company is valued at $2.17 billion<\/strong><\/span>.<\/span><\/span><\/p>\n\n

Contango ORE (CTGO)<\/strong>, soon to be Contango Silver & Gold<\/strong>, is generating significantly higher free cash flow<\/strong><\/span> at a tiny fraction<\/span><\/strong> of USA’s market cap<\/strong>. The silver assets<\/span> CTGO<\/strong> is acquiring<\/span><\/strong> are materially higher quality<\/strong><\/span> than USA’s silver assets<\/span><\/strong>, yet the market is pricing CTGO<\/strong> as if none of this matters<\/strong><\/span>.<\/span><\/span><\/p>\n\n

Some argue that USA’s outperformance<\/span><\/strong> is due to its minor<\/span> antimony production<\/span><\/strong>, but USA doesn't<\/span><\/strong> have an antimony resource<\/strong>.<\/span><\/span><\/p>\n\n

Meanwhile, NevGold (TSXV: NAU)<\/strong> is preparing to publish a high-grade<\/span> antimony\/gold<\/span> resource<\/strong> in Nevada. At present, the only company with a defined U.S. antimony resource<\/strong> is Perpetua Resources (TSX: PPTA)<\/strong>, which surged 13.42%<\/strong><\/span> yesterday to a $4.92 billion<\/strong><\/span> market cap<\/strong>. NevGold’s market cap<\/strong> is just 1\/49th<\/strong><\/span> of PPTA<\/strong>… and we actually like NevGold's antimony\/gold<\/span> project<\/strong> better!<\/span><\/span><\/p>\n\n

In Mexico, Minaurum Gold (TSXV: MGG)<\/strong> owns<\/strong><\/span> exactly the type<\/strong><\/span> of silver asset <\/b><\/font>the major miners are desperate<\/strong><\/span> for. Its Alamos Silver Project<\/span><\/strong> is one of the highest-grade<\/strong><\/span>, fully permitted<\/span><\/strong>, silver-dominant<\/strong><\/span> polymetallic<\/span> projects<\/strong> in the world. A maiden silver resource estimate<\/strong><\/span> is coming soon<\/strong><\/span>, followed by a 50,000-meter silver resource<\/span> expansion<\/span> drill program<\/strong> through 2026. At some point in 2026, look for MGG<\/strong> to launch exploration<\/strong><\/span> in Nevada at Lone Mountain<\/strong>, which is 28 km northwest<\/strong> of the Eureka Mining District<\/strong> where North Peak Resources (TSXV: NPR)<\/strong> is located.<\/span><\/span><\/p>\n\n

North Peak Resources (TSXV: NPR)<\/strong> remains almost completely<\/strong><\/span> undiscovered<\/strong><\/span>. Its market cap<\/strong> is just 1\/26th<\/strong><\/span> of the directly adjacent<\/span> i-80 Gold (TSX: IAU)<\/strong>. About 13 months ago, NPR<\/strong> traded at 1\/8th<\/strong><\/span> of IAU’s market cap<\/strong>, and new<\/span> NPR drilling results<\/strong> are coming shortly. NPR’s Executive Chairman<\/strong>, Harry Dobson<\/strong>, founded<\/span> Kirkland Lake Gold<\/strong>, growing<\/strong><\/span> it from a $20 million<\/span> market cap to $2 billion<\/span><\/strong>… and NPR’s Prospect Mountain Mine Complex<\/strong> bears striking similarities<\/strong><\/span> to Kirkland Lake’s original<\/span> Ontario asset<\/strong>.<\/span><\/span><\/p>\n\n

Lahontan Gold (TSXV: LG)<\/strong> offers some of the greatest leverage<\/strong><\/span> to rising<\/span> gold prices<\/span><\/strong>. While its grades don’t<\/span> rival<\/span> NPR’s<\/strong>, its large<\/span> gold resource<\/span> base<\/strong> and extremely low<\/span> market cap<\/strong> give it outsized upside<\/strong><\/span> as gold prices<\/strong><\/span> move higher<\/strong><\/span>.<\/span><\/span><\/p>\n\n

Titan Mining (TSX: TI)<\/strong> has commenced<\/span> ore feeding<\/strong> at its Kilbourne graphite demonstration<\/span> facility<\/strong>. We like Titan<\/strong> as a way to diversify away<\/strong><\/span> from buying all<\/span> gold<\/span>\/silver<\/span> stocks<\/strong>. TI<\/strong> is focused on zinc<\/strong> (priced at all-time lows<\/strong><\/span> in terms of gold<\/strong><\/span>) and graphite<\/strong> (will supply<\/span> 50%<\/strong> of U.S. graphite demand<\/strong>).<\/span><\/span><\/p>\n\n

The only metal that's more undervalued<\/strong><\/span> than zinc<\/strong> is nickel<\/strong>, and Noble Mineral Exploration (TSXV: NOB)<\/strong> owns a 20% stake<\/strong><\/span> in Mann West<\/strong> and Mann Central<\/strong>, which are likely to surpass<\/span> Crawford<\/strong> in 2026 to become among the largest<\/span> nickel sulphide resources<\/strong> in the world.<\/span><\/span><\/p>\n\n

When we say to go "all-in<\/span>"<\/strong> on Trio-Tech International (TRT)<\/strong> we are kidding, but it is seriously going to be a top performer<\/strong><\/span> in 2026, so it probably isn't a bad idea!<\/span><\/span><\/p>\n\n

Rio Tinto<\/strong> has just acquired<\/span> more than<\/span> 5,000 new<\/span> natural hydrogen<\/span> claims<\/strong> in areas adjacent<\/strong><\/span> to QI Materials (CSE: QIMC) <\/strong>in Nova Scotia.<\/span><\/span><\/p>\n\n

Past performance is not an indicator of future returns. NIA is not an investment advisor. Always do your own research. NIA’s President has purchased 5,000 shares of CTGO in the open market and intends to buy more shares. NIA has received compensation from CTGO of US$80,000 cash for a ten-month marketing contract. NIA has received compensation from NAU of US$100,000 cash for a twelve-month marketing contract. NIA is receiving compensation from MGG of US$100,000 cash for a twelve-month marketing contract and previously received US$60,000 cash for past marketing contracts which have since expired. NIA’s President has purchased 60,000 shares of NPR in the open market and intends to buy more shares. NIA has received compensation from NPR of US$50,000 cash for a six-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. NIA’s President has purchased 200,000 shares of LG in the open market and intends to buy more shares. NIA has received compensation from LG of US$50,000 cash for a six-month marketing contract. NIA is receiving compensation from NOB of US$50,000 cash for a six-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. NIA has received compensation from QIMC of US$50,000 cash for a six-month marketing contract. This message is for informational and educational purposes only.<\/em><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Always assume the gold and silver boom will eventually go bust. Never invest as if the current upcycle is guaranteed to turn into a bubble. That mindset is exactly why we focus on free cash flow, asset quality, execution, and valuation discipline… not hype or momentum. For example, many people ask us about Americas Gold […]<\/p>\n","protected":false},"author":1,"featured_media":5640,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[206,143,47,9,25,38,149,84,207,201,125,213,6,200,205,17,8,13,127,217,24],"class_list":["post-5639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-ai-datacenters","tag-antimony","tag-ctgo","tag-gold","tag-graphite","tag-iau","tag-lg","tag-mgg","tag-white-hydrogen","tag-nau","tag-nickel","tag-nob","tag-npr","tag-ppta","tag-qimc","tag-silver","tag-technology","tag-ti","tag-trt","tag-usa","tag-zinc"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/5639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=5639"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/5639\/revisions"}],"predecessor-version":[{"id":5641,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/5639\/revisions\/5641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/5640"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=5639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=5639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=5639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}