Steve St. Angelo: The case for owning precious metals mining shares

Goldseek Radio, Released on 12/5/23

Steve Rocco, of the Rocco Report, returns with in-depth analysis on the precious metals, energy and equities markets amid news, gold spot briefly touch, $2,140 on Monday.

– Steve outlines a compelling case for owning precious metals mining shares.
– Evergrande officially declares bankruptcy – China’s 2nd largest real estate investor.
– Record debt levels may be supporting the financial markets.
– The next 6-12 months could be extremely volatile, from an economic perspective.
– Lower crude oil inventories and low energy growth, suggests that the global economy could face a recession.
– “Right now, … people should be buying precious metals.”
– “If you understand the energy sector, you won’t sell your precious metals.”

Independent researcher Steve St. Angelo ( started to invest in precious metals in 2002. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles in some of the top precious metals and financial websites.

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