Peter Grosskopf: It’s Time for Gold to Appeal to a Wider Investor Base | Summary and Q&A

TL;DR

Good time to invest in gold and silver, with silver potentially outperforming gold due to its smaller market size.

Key Insights

• 🏅 Silver often outperforms gold when gold prices increase due to its smaller market size.
• 🏅 The concept of "Peak Gold" does not significantly impact gold prices.
• 🏅 Investing in digital gold and listed gold funds can be cost-effective ways to purchase gold and silver.

Transcript

I'm Nichola shot with the investing News Network and I'm at the final day of the minds and money conference in Toronto and I'm here with Peter grouse Kaba CEO of Sprott how are you today I'm well are you great thank you so how's the conference been so far do you have any highlights well we just got here today so it's our first hour two in the build... Read More

Questions & Answers

Q: How does the smaller market size of silver impact its performance compared to gold?

According to Peter Grosskopf, silver's smaller market size allows it to react more quickly to factors that drive gold prices. When gold prices increase, silver usually outperforms due to its market dynamics.

Q: Does Grosskopf believe in the concept of "Peak Gold"?

Grosskopf does not believe in "Peak Gold" theory because gold output does not significantly impact gold prices. However, he acknowledges that gold production may decrease in the future, making it harder to produce.

Q: What are Grosskopf's tips for cost-effective purchasing of gold and silver?

Grosskopf suggests investing in digital gold, a blockchain-based digital certificate that represents ownership of physical gold stored in a vault. He also recommends buying listed gold funds that trade at a discount to the spot price of gold.

Q: What is the outlook for precious metals in 2019, according to Grosskopf?

Grosskopf believes that a turning point is near for precious metals. Poor sentiment, technical indicators, and the low popularity of gold compared to other assets suggest that gold and silver will gain attraction as an insurance asset against economic stresses and potential inflation.

Summary & Key Takeaways

• Peter Grosskopf, CEO of Sprott, believes that silver performs better than gold when gold prices increase due to its smaller market size.

• He does not believe in the theory of "Peak Gold" and views gold output as unrelated to its price.

• Grosskopf predicts that silver is primed to outperform gold in the near future due to the low popularity of gold as an asset class.