Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored.
According to him, gold and silver mining is all about the return on energy invested. And he’s got the charts to back it up. That’s why in the long run the US and the world economies are headed for low growth and the precious metals can’t help but go up. Ore grades and the difficulties involved with extraction as well as energy prices are headed up and so is demand, which means higher prices. Most producers are currently selling at a loss, so what other outcome can there be?
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