SVM - Silvercorp Metals Is My Top Stock Pick For The Current High-Inflation Environment
- The US inflation rate using the 1980 methodology is approaching 20%, which is the highest level many people have seen in their lifetimes.
- Looking at the assets that have done well over the previous periods of high inflation, I think most of them wouldn't perform well this time around.
- In my view, silver stocks are likely to perform well during the foreseeable future as the demand for the metal is strong and it's a traditional store of value.
- My top pick in the sector is Silvercorp and I think the company should be worth at least $1.1 billion at today’s silver prices.
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Silvercorp Metals Is My Top Stock Pick For The Current High-Inflation Environment