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SLVP - Precious Metal Stocks Are Not An Investment; They Are A Speculation
iShares MSCI Global Silver and Metals Miners ETF
Preamble
Let's start by defining investment and speculation, and for this purpose, I have used Investopedia:
An investment is an asset or item acquired with the goal of generating income or appreciation.
Speculation refers to the act of conducting a financial transaction that has substantial risk of losing value but also holds the expectation of a significant gain or other major value.
Precious metals such as physical gold and physical silver are an investment and can be acquired and held for long periods of time.