Brien Lundin: Here's Why a Higher Gold Price is Inevitable

TL;DR

Brian London, CEO of Jefferson Financial, discusses the annual Rhodes Investment Conference, gold price performance, the inevitability of gold price rise due to rising debt, and the need for investors to educate themselves.

Transcript

I'm Charlotte McLeod with the investing news network and here today with me is Brian London president and CEO of Jefferson Financial and editor of coal newsletter thank you for joining me today very welcome apply to be so we're here at your conference Rhodes investment conference can you tell me a little bit about what it takes to put something lik... Read More

Key Insights

• ❓ The Rhodes Investment Conference requires a year of planning and offers panel discussions, Q&A sessions, and intimate workshops.
• 😮 The gold price has not performed as expected, but London predicts a rise in the new year after the Federal Reserve rate hike in December.
• 🇺🇸 Rising debt in the United States is seen as inevitable, leading to a depreciation of the dollar and higher gold prices.
• 🏅 Investors should educate themselves and consider investing in gold and other precious metals to take advantage of the coming rise in gold price.
• 🤘 London also looks at other metals, such as copper, zinc, and cobalt, which are showing signs of resurgence.

Questions & Answers

Q: How does Brian London describe the process of organizing the Rhodes Investment Conference?

London explains that it takes a year of planning and a lot of time, thought, stress, and money to put together the annual conference. They are already planning for 2019.

Q: What does Brian London find most interesting about the conference?

London enjoys the panel discussions, Q&A sessions, and workshop opportunities at the conference as they provide great interaction and allow attendees to have an extended discussion with the speakers in a relaxed atmosphere.

Q: Has the gold price performed as Brian London expected this year?

No, the gold price has not performed as London expected. Instead of a setback followed by a rally like in 2016, it has had a stair-step fashion. London believes that the Federal Reserve rate hike in December will boost the gold price in the new year.

Q: Why does Brian London believe that a rise in gold price is inevitable?

London points to the increasing debt load in the United States, which is expected to reach 40 trillion dollars by the end of Donald Trump's presidency. He argues that this debt cannot be managed through tax hikes, spending cuts, or growth, and will require a significant depreciation of the dollar, leading to higher gold prices.

Q: What is the best way for investors to take advantage of the coming rise in gold price?

According to London, investors should consider investing in gold and other precious metals as insurance and as a way to build wealth. He advises dedicating time, effort, and money to educate themselves in the sector by subscribing to newsletters and attending conferences.

Q: Does Brian London look at other metals aside from gold?

Yes, London looks at other metals such as copper, zinc, and cobalt. He believes that there is a general resurgence in commodities and metals, with indicators showing that copper, in particular, is entering a major upswing.

Q: Are there any opportunities or risks in markets outside of resources and commodities?

London highlights the risks in the stock market, which he believes has reached dangerous levels of valuation similar to those seen in 2008. He also mentions discussions on cryptocurrencies and technology companies at the conference.

Summary & Key Takeaways

• The Rhodes Investment Conference takes a year of planning and culminates in a four-day event, providing attendees with panel discussions, Q&A sessions, and intimate workshop opportunities with speakers.

• Brian London expected the gold price to perform in a similar manner to 2016, with setbacks and rebounds. However, geopolitical issues have driven the price up and down, and he believes that the Federal Reserve rate hike in December will serve as a launching pad for gold in the new year.

• London attributes the inevitability of a rise in gold price to the growing debt in the United States, necessitating a significant depreciation of the dollar and prompting higher gold prices.