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The appeal of precious metals

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    Hugh Clarke explains silver's expanding and historic economic importance

  • Duration 8:07
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Cookies -- this right now chairman CEO of endeavor civil court now brought me prop this is one ounce of silver that's -- many nine point 9% pure.

It is so pretty actually.

And it is approximately.

There was at 32 dollars and actually create -- easily they're -- -- OK so.

Before we talk about could you just made this big acquisition lets talk about the silver -- yes.

You mentioned David Morgan total friend of the show we talking about silver all the time where is silver these days we're silver right now yet where's it going.

It's it's in every choppy volatile market and I don't think that's gonna change for a -- why we've Bee Gees last year in the in the price -- -- in northern appetizer and -- from along with there -- ET.

So it's gonna take the market a -- to digest that we're going through that digestion process right now.

I wouldn't be surprised for this -- this this volatility consumers always volatile always.

I wouldn't be surprising to continue for the next few months but ultimately I think towards the end of this year we're -- -- Rand at those high prices again.

Okay why because silver is tied to what an understanding economy though there's an interesting thing about silverlight has two purposes to this point is it's a store of value it's it's it's -- monetary.

Metals like gold is so it's got the historic context as you continue to -- -- -- currencies not just the US dollar amid all the currency throughout the world.

Traditionally what people do is -- -- to hard assets and they ran to golden source that's one thing.

But let's say we have a miracle turnaround here for whatever reason.

We're back into economic good times lots of demand for for products can't silver also has industrial applications.

45% of the -- for silver now call was for industrial -- -- You're so this cellphone those cameras the laptop people use the you don't run as well as they do -- -- In your whole your -- your washing your Dreier all that stuff has -- -- car.

All this stuff requires -- to make it run as good as it does.

-- got these you don't -- markets in Europe and North America that have good industrial demand for these for these applications.

And then you've got these growing economies not just China and India.

But Brazil Mexico Russia.

All these people want this stuff that you and I have and what makes them run his -- That's -- it's interesting right because on the one hand you're saying it's -- safe haven sometimes.

But it's also an economic indicator that's exactly right -- so there's a little bit of a conflict there so endeavor -- court tickers EX today I'm -- -- exchange you.

Pretty much mind for silver that's it and by the way we -- -- -- rang the bill this morning on the opening you did how glad you find that out does get a brain that was her when you're universities there was a real funding for us.

But yeah our -- as a roughly 75% silver and 25% gold now is that 25% because of your most recent acquisition know historically our our production has been.

In the in that make up.

The acquisition we just announced on Sunday night its gold rich as well so it'll be a break down roughly about the same -- Gold rich in where Mexico Mexico are three assets are in -- that's where you found I'm from Vancouver Canada I hear -- A originally from they don't have an taxation you know I don't think you you can actually get him I'm actually got to tell you is -- -- a little town is this Geffen called -- Really yeah born and raised born and raised yeah.

Now.

We have seen -- minds here often than Canada to why what happens up there why didn't get -- -- -- and we -- will.

You know it's -- it's always been a big historical.

Part of the growth of our country commodities commodity -- and -- You know America has some fabulous and mining history.

It's been dwarfed by other industries -- candidate is still a real big deal and the result is over the decades going back literally a 10020 years we've established.

Let's see the infrastructure the capital raising system the geologist the engineers.

In the will the glut there around the world.

And look for these metals that's -- we do that's our history that's a big part of our culture.

So that's why Vancouver in particular and -- to a certain extent that's why you get all these companies down here from Canada.

Listening exact exchange that -- investor based out of Vancouver that's correct -- okay so.

You are affected by the United States political system.

I don't know -- that you'd have to leave benefit from the uncertainty that's for sure.

Certainly we do.

You know we're also listed on Toronto the senior exchange there we've got a very viable.

Marketing connect Canada -- -- -- Frankfurt.

But when we acquired our first silver mine in 2004.

I purposely wanted to market.

To America and the reason is for whatever reason.

Americans love -- much more than anybody else in the world friend and now we have roughly at least 25000 retail shareholders in this country.

About 40% of -- stock is held by institutions most of -- based.

Here in this country we've had a very very solid -- shareholder -- -- increase in a forward goal.

I don't think so I know.

It's just that there's a real strong history and devotion to silver lead this country.

But I really sad and I said this is David Martin was still a story makes so much more sense to me -- the -- yet because you point it has a usage yeah.

It is not a door shot to Niblock a golden door stop I don't know what else you do with picture and I don't understand.

I don't understand how so many people could just live and die by polls and they -- Well there's -- there's a historical context for that to you know gold really was the first precious metal going back five -- years.

So -- surely thereafter you know it's got that.

That depth to it this document go -- I love gold and I've been gold.

Lovers since seventh 1974.

And there's always value there's always -- hard assets like gold and silver.

You have value at the end of the day and that's why people still are attractive to you still silver production increased by 12% into this thus far.

No I think it was 90% so far in the 2012.

-- -- -- -- -- -- -- -- -- -- -- -- -- Wow and that certain that -- K let this company is a silver producer focused on growth.

I'm not only growth from our existing assets but the acquisition -- alluded to -- fining them.

We -- most of the seller.

It's interesting how that works and is a reason for we'll go into these historical districts as it happens in Mexico.

That have been -- for 450 years by the Spaniards and then the Mexicans.

And were able using modern scientific exploration techniques to going to these districts can find.

Brand new high grade silver gold and -- -- that haven't been actually -- and there's a reason for that because in 1944 or thereabouts.

The Mexicans.

Disallowed ownership of mining assets only to the extent of 49%.

They didn't change at 200% until 1992.

When they join NAFTA.

So the result is you're very very little in the way of foreign investment -- -- -- Canadian or American investment in the mining industry.

The big technological boom in mining and expiration occurred in that quote for your period.

So they missed -- all.

So companies like ourselves can go down there are going those historic districts.

Voicing some as low levels.

Army of locals and -- -- employ some techniques don't know nothing in Canada the United States failure for decades and it's not easy but nonetheless come up with these -- that huge high -- -- that's how it's done.

I think it's endeavor -- court pick where I just read it some of the ticker TX OK now apology -- earlier we did what -- You class vice president corporate communications endeavor silver I think is Brad was close to be here I'm sorry are you sites he rang the bell.

Oh yeah the other that was a real adrenalin -- for me you know I just it to -- still like -- -- -- it is examining the simple telling -- honoring that and it was fun it was just so much energy going on they treat you like kings and -- just a lot I gloves are coming soon great.

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