A precious metals masterclass

John Budden chairs a conversation with Eric Sprott and Alasdair Macleod

John Budden runs a private club for investment professionals, some of whom are retired. Among them are well-known, influential names in the investment management industry.

Eric tells us that he is investing in gold in the ground to maximise his portfolio returns, which he has identified as low as $10 an ounce in one Canadian venture. We all agreed that the investment management industry is extraordinarily underweight in gold, silver, and the mining industry with stockbrokers’ collective investment in mining research at a very low level. This has created once in a lifetime opportunities for investors with the skill to identify the right production and exploration prospects as gold hits new highs and silver will doubtlessly follow.

My contribution to the debate was to put the performance of gold and silver in their correct context as money compared with fiat credit, and to explain why the dollar’s purchasing power is sliding, likely at an accelerating rate. Of all the many dangers to the global financial system, I explain why the dollar’s debt trap is likely to be the final nail in the fiat coffin.

John Budden has kindly allowed me to share this private video, intended for accredited investors only, with my paying Substack subscribers. And an important note: be it understood that nothing said by John, Eric, or me should be taken to be investment advice.

Paying subscribers click on the image below to watch the video (28 minutes):