Sprott Inc (SII) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
The asset is a closed-end fund that lets investors redeem large blocks of shares in exchange for delivery of silver bullion. Adding to the case for PSLV is silver’s durability during the worst of the coronavirus pandemic and expectations that it will perform well when COVID-19 is defeated.
A major, longer-ranging catalyst for PSLV and silver prices is the metal’s role in the booming renewable energy industry.
“As clean energy initiatives gain traction, greater attention is being paid to the critical roles of various metals and minerals,” writes Sprott portfolio manager Maria Smirnova. “Access to these valuable materials has become critically important, which is why several resource-rich nations, including Canada and Australia, have joined the United States in establishing the Energy Resource Governance Initiative (ERGI), an alliance to disseminate best practices for discovering and developing reserves of minerals used to make electric vehicles.”
ROB Magazine
Silver bull: Sprott’s Smirnova on why the precious metal is set to rise in the post-pandemic recovery Shirley Won Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Kristina Dittmar/The Globe and Mail
Maria Smirnova runs the only silver equity mutual fund in North America. Her $278-million Ninepoint Silver Equities fund was the brainchild of Eric Sprott, her former boss, mentor and now a mining financier, who has long been a bull on “poor man’s gold.” But soon after the fund’s launch in 2012, silver fell into a bear market. The metal shot up in price after COVID-19 took hold last year, however, and silver producers’ shares have soared. We asked the 43-year-old, who also co-runs Ninepoint’s Gold & Precious Minerals fund, why U.S. President Joe Biden’s
By Maria Smirnova, Senior Portfolio Manager, Sprott Asset Management
We live in unprecedented times. As the world’s population grows and industrialization takes hold in more corners of the world, climate change is accelerating, and, in response, humanity’s concern for our planet’s health is growing. The teenage activist Greta Thunberg put it best: “I want you to act as if the house is on fire, because it is.” [1]
As clean energy initiatives gain traction, greater attention is being paid to the critical roles of various metals and minerals. Access to these valuable materials has become critically important, which is why several resource-rich nations, including Canada and Australia, have joined the United States in establishing the Energy Resource Governance Initiative (ERGI), an alliance to disseminate best practices for discovering and developing reserves of minerals used to make electric vehicles.[2]
Gold Below US$1,800, Experts Say Long-term Drivers Intact investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.