Recent Buy – Pan American Silver Corp

Whenever I make a purchase, I like to share my buys to document my journey towards financial independence. As regular readers are aware, I have broken from the pack of DGI and sold some of my investments to move to a cash position. I shared details on my motivation to do so in this post. In that post, I have indicated that I am bullish only on one sector currently — the resource/materials sector, and more specifically gold and silver.

As part of my first moves, I had initiated positions in two silver-focused companies — a streaming company: Silver Wheaton Corp (SLW.TO) and a mining company: Pan American Silver Corp (PAA.TO). Unless you’ve been living under a rock, I’m sure you have noticed the meteoric rise in silver over the first half of the year. Silver still continues to perform very well and still presents the best investment outlook compared to other options. I reinforced my position by adding more shares last week.

Last week, I added to my position in Pan American Silver Corp (PAA.TO) with 100 shares @ C$24.00. The company yields 0.28% adding US$5 to my annual passive income. Nothing to write home about. But as I mentioned in earlier posts, this move is not about dividends.

I usually present my thesis on why I bought a particular investment security and present the risks associated in the Recent Buys posts. In this case, I will simply link to my last post on Pan American Silver purchase as nothing has changed as far as the outlook goes since my last purchase.

Recent Buy – Pan American Silver Corp

Full Disclosure: Long PAA.TO, SLW.TO. My full list of holdings can be found here.

10 thoughts on “Recent Buy – Pan American Silver Corp

  1. Looks like I wasn’t the only one to buy Pan American Silver yesterday. Happy to have you as a fellow shareholder. I am expecting the price of the stock to slowly drift lower over the next few months, and I intend to add more shares over that time. Good luck with your investments R2R. Have a great week!
    -Bryan

    • This purchase was from last week, Bryan. But the current consolidation in PMs is giving us some very good entry points. I was happy to see the pullback and add more. Good to have you as a fellow shareholder

      R2R

  2. Interesting buy, R2R — I’ve seen a lot written about gold and silver in newsletters and e-mail coming into my inbox. Most, like you, are very bullish. All the best!

  3. Have you ever considered going down to the local bullion and picking some up? I have been buying silver for years, just as a hobby of sorts and it’s pretty neat holding the physical silver.

    I bought a Kilo of it in Fort Mac and when I went through the airport security with it in my bag, it showed up as a pitch black square on the monitor. I swear they must have called every security guard in all of Alberta to search my bag. They thought it was a bomb LOL.

    Good times.

    • Wow..that mustve setoff some alarms everywhere. I can only imagine.

      I have been considering buying some bullion. In fact, I made an appointment last week but had to cancel as I got busy with other things…I will have to go down and pick some up next week. Looking forward to building a personal collection.

      R2R

  4. Still loving that silver trade. All good. I think I mentioned a while back that I actually hold PanAm silver bars that I bought a while back. I know it’s always a debate among our fellow investors about buying any metal, but I for one am for it and love having a stash of physical gold/silver on hand. I’m not a gold/silver bug by any means, I just see it as some form of diversity among assets. Thanks for sharing your recent buy…..

    • Good to see that the post finally got through. Not sure why WordPress was flagging your messages as spam. Sorry about the annoyance.

      The precious metals space provides some great risk-reward profile. Hard to ignore the space when good returns are almost guaranteed.

      cheers
      R2R

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