They’re called precious metals for a reason - they are rare, high in economic value and provide investors with a means of storing wealth. Today's guest is Cam Currie, senior investment advisor at Canaccord Genuity Wealth Management, and leader of Currie Metals & Mining Group. Cam joins us today to share his experience investing in gold and why everyone should consider it a portfolio staple but only a few understand when the time is right to start looking at equities. Is now the time?
In North America, gold, silver and other precious metals are often overlooked in favour of flashier sectors such as cryptocurrencies or tech unicorns.
“In investing, you’ve got to skate to where the puck is going to be.” — Cam Currie [0:25:15]
Cam Currie has been in the metals and mining industry for over thirty five years. In our conversation, we get to hear his valuable insights about current major developments in gold and precious metals, navigate the highs and lows of gold equities, and learn about the complex geopolitical and economic trends that impact the industry. Cam shares his unique approach to analyzing investment trends, and offers a glimpse into how he transformed his wealth management business.
“When the mass herd is in one direction, you want to have your antennas up in terms of being concerned. Inversely, when the mass herd is against you, that’s when you sharpen your pencils and you realize [that there are] opportunities.” — Cam Currie [0:06:08]
If you are an investor yourself, this episode will provide you with a unique perspective of how to evaluate the mining industry. As a CEO or IR professional of a mining company it will provide you with unique guidance on the type of narrative that a professional investor needs to hear to consider investing in your company.
“If you really look at it, Canada is the mining capital of the world…. That’s where we are.” — Cam Currie [0:32:17]
Interested in learning more about metals and mining? Check out some of our previous episodes related to mining royalties, the importance of ESG in the industry, and how to make gold mining more sustainable.
KEY POINTS FROM THIS EPISODE:
A brief overview of Cam Currie’s career and some of his biggest learnings over thirty years.
Why no one is paying attention to gold equities and where the value of gold is now.
The similarities and differences he’s seen in trends over the years as an investment advisor.
How Cam approaches opportunity analysis when it comes to these trends.
The timeframes Cam keeps in mind when investing in precious metals.
Cam tells us how he’s grown his business and paved the way for mining investment.
The inefficiencies and problems with ETFs.
The way Cam engages with management teams and showcases ways they could improve.
Why the need for investment and banking expertise in precious metals investing has changed.
Cam shares advice for investment advisors to educate themselves on precious metals.
The importance of messaging in the mining industry.
LINKS MENTIONED IN TODAY'S EPISODE:
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Please note that the information contained in this interview is not financial advice but for entertainment purposes. I am not a financial advisor and make no warranties or representations concerning the accuracy or suitability of the information contained in this interview. I recommend that any and all investment decisions be made with the advice of accredited investment advisors.