Last week I interviewed 15 personalities from the precious metals space for our Gold Summit - timely as Gold has since fallen off a cliff.
I wanted to share some takeaways:
For many of the guests that I had at the event, I ended the interview with two questions:
1. If you had $100,000 dollars, your time horizon was five years, and your only goal was to retain the purchasing power of your $100K - where would you put it?
I followed up with this:
2. This time you have $100K, your time horizon is still five years, but now you can absolutely afford to lose it - where is the most exciting speculation right now?
In answer to Question One - the safe haven, I heard everything from 10% in Gold to 100% in Gold.
In answer to Question Two, the speculation, almost everybody went for Gold equities. (But not everyone)
Now I take this for what it was - Peter Schiff, Adrian Day, were all in on gold and gold equities. I have to ask the question - would they have given the same answer five years ago? Nine years ago?
Frank Holmes and Lyn Alden voted for diversification - the safe haven allocations went to Gold, emerging markets, bitcoin, and a few outliers. The speculations ranged from gold equities to healthcare.
The gold bullishness did not surprise me - the consensus for terrifying pullbacks was notable - as these interviews were recorded between Nov 16 - 20, prior to golds current correction.
But a thread that I wanted to pull on, was the copper / nickel space.
Across the board - from Peter Schiff to Jeff Booth, there was an emerging focus on the battery metals space. I even included a couple outliers in the company line up - Filo Mining, a Lundin Group company with a copper dominant deposit in Argentina, and Nova Royalty - a copper / nickel royalty company. It was a gold summit - but I wanted to test the markets appetite.
When these companies presented, an interesting theme emerged in the live chat - a healthy debate began in the audience between near term copper bulls and near term bears / long term bulls.
Keep in mind - my audience is not exclusively gold bugs or even precious metals experts. Many times I've stated that I expect health science to be the biggest bull market of my generation, and I cover all sorts of innovation themes that draw people in. But the copper / renewable narrative seemed universally agreeable, with the contrast being the time horizon.
My internal purpose for hosting the Gold Summit was to increase my gold exposure. It was a success. I ended up building positions in two of our featured companies.
Next, I am looking hard at the renewable energy and battery tech space. Whether or not he meant it - President Elect Biden has claimed he will invest heavily in the US energy transition to renewables - whether or not he does, it will likely light a fire under the industry. I want to make sure I have a horse in the race. I don't know what will happen next year - but renewable energy is the inevitable future.
So I am hosting another Summit - I've lined up some amazing renewable energy personalities, to help me understand the market trends more thoroughly and remove any blindspots. Then I will sit down one-on-one with 4-5 top tier small cap CEOs in the sector, looking for the right exposure. The line up is looking awesome.
This is The Future Worlds Summit: Rebuilding the Energy Grid.
It will be hosted on our Youtube Channel on December 15, stay tuned for details.
Today, I am releasing the Lyn Alden and Peter Schiff interviews from our Gold Summit on November 23.
We have new content hitting the channel from our Gold Summit every day this week - so make sure to subscribe for updates.
Next week I will be releasing my favourite interview I have hosted to date - Fiore Group CEO, Frank Giustra.
We covered his history of entrepreneurial ventures, the broad market, the gold market and his philanthropic dedications - but he also let me press him on his passion for quantum physics and oddball concepts like simulation theory. Not knowing Frank at all prior to chatting, I was struck by how transparent, comfortable and authentic he was. Watch out for this next week.
Here is Lyn Alden and Peter Schiff.