The Key Method Multi-Millionaires and Billionaires Use to Build Their Wealth

A common argument against investing in the mining industry is that it’s a crappy, low return and high risk business to invest in. But if that’s the case, why are there so many famous mining multi millionaires and billionaires?

People like Rick Rule, the Lundin family, Frank Giustra, Ross Beaty, Pierre Lassonde and Eric Sprott all made their fortunes in mining. These people simply know the business for what it is, a cyclical business, and take advantage of that cyclicality in their investing or business building. They buy good assets when they are cheap and sell when they become expensive.

Even though that may sound simple it can be incredibly hard to execute. And it’s the opposite of what most people do when they invest in mining.

The best time to buy in this business is when no one else wants to. When all you hear investors saying is “mining is dead”, “mining is a crappy business”, “these companies dilute”, “this management team sucks” and so on and so forth. These are some of the things I’ve heard and seen in comments sections, forums, interviews and so on. Somehow at the bottom of the cycle no management team can do anything right and almost no project seems to be worth anything.

This is the time when you want to be buying. I have been buying mining stocks over the last half a year or so and I have sometimes been the only one that bought shares in a particular company during a day. That’s how lonely buying at the bottom is.

It’s been tough if you have invested in mining stocks over the last couple of years. But historically, if you invest at an opportune time when assets are cheap and before we see a big wave up in sentiment and buying volume these companies can have incredible returns.

Over the last half a year or so the mining multi millionaires and billionaires have been putting money to work. Some of them such as Ross Beaty and Rick Rule have been vocal lately about the opportunities they see. And you can see in the filings for multiple companies that the smart money has been buying in size.

This is a great time to at least do one of the things that has contributed significantly to the wealth of these mining multi millionaires and billionaires and that is buying mining companies while they’re cheap.

At Value Discovery Media we are proud to be collaborating with two senior professionals in gold & silver investing in an upcoming virtual event, who we believe are great educators and really good stock pickers. John Feneck of Feneck Consulting has a fabulous performance record in this space and Don Durrett, who literally wrote the book on gold & silver investing. Both of them are incredibly good at finding solid, undervalued mining companies with good and honest management teams.

The event is called “Investing in Gold and Silver Equities with Don Durrett and John Feneck”. This is a fantastic opportunity to get educated about investing in gold and silver equities at the bottom of the cycle, alongside the mining multi millionaires and billionaires. Click here to register for the event.

Disclaimer: This article is for informational purposes only and does not constitute investing advice. Please consult with a qualified financial advisor before making any investment decisions.