Precious Metals: Hedge Against Sky-High Inflation? - Part 2
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Thu, December 9, 2021 at 1:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting was an investment webinar hosted by Peter Prout, focusing on the role of precious metals, specifically gold and silver, as potential hedges against rising inflation. The discussion included insights from panelists Daniel Barankin, Vic Ren-Nuñez, and Richard Williams regarding current inflation trends and the historical performance of precious metals. Key Discussion Points - Overview of current inflation rates and trends, including a 6.2% official inflation rate in the US. - Comparison of official inflation statistics with alternative models, such as Shadow Stats. - Discussion on the impact of inflation on wealth and purchasing power. - Analysis of real interest rates and their correlation with gold and silver prices. - Historical performance of gold and silver as inflation hedges. - Examination of asset classes during inflationary periods, highlighting the performance of commodities and precious metals. - Insights on the Federal Reserve's monetary policy...
Peter Krauth is a former portfolio adviser and a 20-year veteran of the resource market, with special expertise in precious metals, mining and energy stocks. He is editor of two newsletters to help investors profit from metal market opportunities: Silver Stock Investor, www.silverstockinvestor.com and Gold Resource Investor, www.goldresourceinvestor.com. In those letters Peter writes about what he is buying and selling; he takes no pay from companies for coverage. Peter has contributed numerous articles to Kitco.com, BNN Bloomberg, the Financial Post, Seeking Alpha, Streetwise Reports, Investing.com, TalkMarkets and Barchart, and he holds a Master of Business Administration from McGill University.
Daniel Barankin is the founding Chief Executive Officer of 6ix.
6ix is a financial technology company on a mission to unlock social mobility on a global scale by empowering anyone, from anywhere, to invest in anything.
In pursuit of that mission, from Jul 01, 2020, to date, 6ix.com powered 300+ virtual investment summits, attracting 65,000 registrations and 21,000 attendances from a community of more than 100,000 investors.
Daniel launched 6ix on Canada Day 2016 while studying philosophy, politics, anthropology, and other courses, at the University of Toronto, Trinity College.
A former COO of Barrick Gold Corporation from 2015-2018, Mr. Williams is a global executive with an established track-record of value creation, pioneering and transformational leadership within the Mining Industry and other demanding assignments. Amongst other notable achievements, this helped Barrick deliver an 80% improvement in the company’s operating profit over his three years, and the total overhaul of the Company’s relationship with the Tanzanian Government following a breakdown of relations between a Barrick subsidiary and that government.
Formerly, the CEO of an African and Central Asian focused exploration business, and Non-Executive Director of Gem Diamonds PLC, he was also the Commanding Officer of the British Special Forces Regiment – the SAS. He is currently a Non-Executive Director of Trevali Mining Corporation, Chair of Trevali’s HSEC Committee and an advisor to mining companies facing complex operational, political or ESG challenges.
BSc Economics, University College London; MA Security Studies, Kings College London; MBA Cranfield University.
Replay transcript excerpt
Speaker 1: Hello everyone and welcome to today's investment webinar with Six.com. Speaker 1: I'm Peter Prout. I will be your host. Speaker 1: Today's topic is precious metals and are they a hedge against sky-high inflation? Speaker 1: We have 3 great panelists with us today. Daniel Barankin, who is CEO and founder of Six.com, Speaker 1: Vic Ren-Nuñez, Speaker 1: who is president and CEO of Contango Ore, Speaker 1: and Richard Williams, executive chairman of Bunker Hill Mining. Speaker 1: So I will start off with my presentation, Speaker 1: which is Speaker 1: all about Speaker 1: silver and gold Speaker 1: as potential inflation hedges. Speaker 1: So let's start looking at inflation. Speaker 1: We've been hearing a lot about it. Speaker 1: The Fed just recently decided that it was no longer considered transitory. Speaker 1: So what has been happening? Well, in the last 12 months, the US official inflation rate is up at 6.2%. Speaker 1: That's the highest rate in 31 years. Speaker 1: Used cars are up 26%. Speaker 1: In a year, gas is up 50%. Speaker 1: Utilities up 26%. Speaker 1: And rents that are not even included in the Consumer Price Index are up over 10%. Speaker 1: But official Speaker 1: inflation statistics are not necessarily what everybody Speaker 1: else agrees on. There are some alternative Speaker 1: research groups that produce inflation Speaker 1: statistics. Speaker 1: Shadow Stats is 1 example. Speaker 1: And they use the Bureau of Labour Statistics Speaker 1: original model that goes back to 1980 in terms of how Speaker 1: the US calculated inflation. Speaker 1: And based on that model, inflation is actually up at 14% Speaker 1: in the US. Speaker 1: And so if we look at the chart on this slide, this shows us how inflation can erode your wealth Spea...
