silver wheaton has rallied 900%.et's talk to the co-founder and ceo of silver wheaton, randy smallwood. welcome to "mad money." how are you, sir? have a seat. i've traced out what happens when silver goes up. you do better. what is the ratio if silver goes down? >> well, it goes both ways. no doubt with that. we're bullish in terms of where silver's going up. it does have an impact on us but we do have a base cost in these contracts that makes sure we profitable. by investing into mines that have high operating margins, they'll always deliver to us. >> you've just made a very big transformational deal with a gold company. is that a sign you've lost faith in silver? you want to be diversified? >> well, it's a gold stream. it's valet. it's known for iron ore. we do like silver a little bit better. there's better fundamentals behind the price of silver on a long-term builder. gold is a good precious metal. in this fiscal environment, we're pretty comfortable in the precious metal space. >> you like silver more than gold

i prefer the gld but i think silver wheaton could work here. the reversion to gold is bad for the market. step aside for a couple days. michael in new york. michael. >> caller: jimmy, boo-yah from poughkeepsie, new york! >> i was up there the other day. beautiful up there. big turn. i love the way it looks. >> caller: all right, man, long-time listener. loved your book, "getting back to even." >> thank you very much. >> caller: my stock is cvrr. >> congratulations to you for that being your stock. >> caller: they increased the distribution forecast from 472 to 550. what do you think about that? >> the gold measure refinery. why do i say that? you can buy oil for 60 bucks and then refine it and sell it at the brent price which is almost double that. that's called making money hand over fist, and all the refiners are doing it. patience, believe it or not, at this stage, at this stage, is a virtue. no! it's a necessity! it's not time to run in fear of this market. i'm not doing one of those get out now, that feels good kind of thing. i'm saying re