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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Miners - do not sell Metal at these low prices
6
Apr 15, 2013 11:36AM

I have long wondered why a mining company (or many mining companies) doesn't issue a press release stating strongly that it is halting all sales of metal until gold and/or silver's price returns to a price level more reflective of its value. I would strongly consider buying shares of such a company.

Sit on the physical metal until the related price justifies mining it and selling it.

Imagine Silver only hit a high of $20 in 1980. Using distorted CPI - even $20 in 1980 equals $56.35 today.

And I have a feeling there was way more physical silver around in 1980 than there is today. Today's price is roughly equivalent to $8.36 in 1980.

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