Jekyll Island Series – Matt Geiger: Why I Hate Gold, But Still Like Gold Stocks
1,313 views · Published 25 October 2017 · 10:32 · Indexed 31 October 2026
Channel: Palisades Gold Radio · 2017 · Education
To subscribe to our newsletter and get notified of new shows, please visit http://palisaderadio.com Matt discusses the reasons why he does not like gold as much as other metals. He feels that gold appeals to baser desires like vanity and fear. Thus demand comes from jewelry and investment. Very little gold is actually used in industry. In 2017 half of all non-ferrous metals exploration globally was spent looking for gold. That's a huge number when you think about it. Matt is very selective when it comes to purchasing stocks. You should never buy a basket, and you should examine at least twenty opportunities and choose the best one. While he doesn’t love the metals, there are some pretty astounding bargains in the space. Many companies in the gold market are undervalued. In most other metals these opportunities are harder to find. He discusses his four other areas of interest which are in power generation, the electric vehicle revolution, higher value diets, and the Internet-of-things. Many countries want to live the 21st-century lifestyle. As the world becomes, freer and more productive many countries will want to live the modern lifestyle. He likes silver, copper, uranium, and rare earth metals. He’s not a believer in the cryptocurrency marketplace he does see value in blockchain technology. He thinks Bitcoin gets its value by being a means of exchange that is outside of government scrutiny. Ultimately he says we need things that we help us live that we can deploy in our lives.
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