Turkey of the week: silver miner caught up in the frenzy

So far this year, the price of silver has risen 20% against 7% for gold. But Paul Hill thinks there will be a shift from precious metals to less risk-averse assets. Which will hurt miners such as this week's turkey.

Precious metal prices have shot up amid fears over currency devaluation and general market uncertainty. Gold is trading near all-time highs because every man and his dog has jumped on the wealth-preservation bandwagon. In fact, one man recently showed me a gold nugget dangling around his neck, which he'd bought with his life savings. This sets alarm bells ringing, especially when the same pundits who said that oil would hit $200 a barrel are declaring that gold will hit $2,000 an ounce in the next 18 months.

Fresnillo (LSE:FRES), rated a BUY by Investec

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.