"The biggest error is that people put too much money into speculative situations. That is many people place too much of their money is junior stocks and/or do not diversify enough in this sector. Many of us in the precious metals business have heard or even know of people that got "rich" on some junior mining company. People know that the possibility exists and some place money on only one company or put too much gambling money on these types of situations. This is why we stress the serious money goes into serious companies such as Franco Nevada for example and speculative money goes into the small cap or micro cap situations."
David Morgan is the founder and creator of the Morgan Report, and often quoted as the most influential and knowledgeable person in the Silver Investment community. He is interviewed worldwide for his knowledge.