00:00 Speaker A
Gold surpassed, first time in history, $5,000 per an ounce on Sunday afternoon. We also saw silver move higher. Now it’s around $100. Did you say that there are other picks besides these two precious metals here?
00:11 Speaker B
Well, so first and foremost, me Please get into it. Yeah, let me let me be clear. So in the pro portfolio, we are benefiting from that with our our positions in Pan-American Silver, IM Gold, uh KGC and and one or two others. Now, are there others out there? I I think you got to ask yourself, what what are some of the other key metals that go into, you know, our increasingly uh digital world? So there could be some platinum, tantalum for example. Um, probably the best way to play that, just kind of thinking off the cuff here, Brooke, uh, maybe an ETF that has some well-rounded exposure to those various metals.
00:41 Speaker A
Yeah, and on top of all that, there’s other factors really playing into this, this debasement trade that we’ve been seeing, this geopolitical uncertainty, also now the looming risk of a government shutdown this weekend. Do you feel as though we we heard from Brookings Institute that this sort of move in gold is a bit scary here because of all these background risks that are associating with that. Are are you nervous about this rally that we’ve seen?
01:10 Speaker B
So if as it relates to gold, look, it it has been a rocket ship ride for gold and I I think what we’ve seen over the last year is, you know, no surprise, a lot of volatility in the market, a lot of uncertainty. And I do think that we’re going to continue to see that. Um, but again, you know, buying gold here, thinking you’re going to see another 10%, 20%, it’s possible, but it’s also possible, Brooke, that, you know, if we see things start to settle down, we could see gold retreat a little bit. And I I think the better way to play it is kind of the way that we’re positioned in the portfolio because you can take advantage of the flow through of higher gold prices on the business model of these companies and their earnings rather than just buying the shiny metal.