There is a silver trading company whose stock has been steadily rising for the last two years and continues to rise. The company is Endeavor Silver Corp. (EXK). It has agreements to buy silver at low prices from silver mines in Mexico and Chile. EXK was renamed in 2004 from the original company, Endeavour Gold Corp which was started in 1981 and is located in Toronto Canada. In other words, Endeavor has 30 years of experience in the precious metal business.
One of the advantages that silver has over gold is that in addition to maintaining value in economically distressed times it is widely used in industrial and electronic applications. This makes silver volatile but also ensures that even in good times there will be a need for it.
Since Endeavor Silver works with mines in Mexico and Latin America it has a director, Mario D. Szotlender, who is an expert in Latin American Affairs and speaks several languages. He holds a degree in international relations and has managed Latin American relations for several public and private companies during the last twenty years. He has worked in exploring for and developing precious metals and diamonds and in establishing investment relationships. It takes a company that thinks big to make a directorship for a man with Mario Szotlender’s talents. That really impresses me. The financial statements are solid and it is worth examining this stock for your portfolio.
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