Loading ...This quote from Jesses Cafe Americano
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The Best Silver Stock You’ve Never Heard Of
Ray Dalio is one of the best stock-pickers around.
In 1975, he founded Bridgewater Associates. Over the next four decades, Dalio went on to generate double-digit compounded returns for his investors, turning his Connecticut-based firm into one of the largest hedge funds in the world.
For this reason, I always pay close attention to what stocks Dalio is buying. And right now, he’s making some interesting bets in the mining industry.
In a recent 13-F SEC filing, Dalio disclosed a 463,000 share position in precious metals giant Silver Wheaton Corp. (NYSE/SLW). What makes this company interesting is that it doesn’t actually own or operate any mines at all. Instead, you could think of Silver Wheaton like the banker of the mining industry. (Source: Bridgewater Associates 13-F Filing, last accessed July 5, 2015.)”