The Gold and Silver Renaissance
More than 25 years ago in October 2000 CPM Group identified the emergence of the Gold and Silver Renaissance, a structural, secular increase in global investor demand for gold and silver that would reshape these precious metals markets for decades to come.
In this presentation Jeffrey Christian of CPM Group and Lon Shaver of Silvercorp discuss the state of the renaissance, the forces driving it, and whether it may now be entering an accelerated phase.
In recent months gold and silver prices have surged. While investor demand for both metals have continued to increase, the prices movement of these commodities have started to show significant short-term volatility. CPM does not view this as a top of a long-term cyclical and secular increase in metals prices, but merely a way-station in a sea-change in the global economy and gold and silver markets that has a lot longer time to come.
Jeffrey and Lon discuss the underlying economic, political, and financial factors supporting historically high investment demand, the durability of gold and silver at current price levels, and what the next phase of this long-term bull market may look like.
#gold #silver #commodities #silvercorp #investing
00:00 Intro: Why this webinar now
01:13 The “Gold & Silver Renaissance” thesis (since 2000)
05:20 Record prices: top signal or continuation?
07:16 What’s driving investment demand (short/medium/long term)
13:26 What could reverse the move (rates, growth, deficits, geopolitics)
15:41 Recessions and metals: what history actually shows
28:30 How investors should position (physical + hedges)
33:47 Hedging equities with metals options + closing thoughts
