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 [Music] I'm Charlotte McLoud with investing news.com and here today with me is Tom kandra of the colander report thank you so much for being here great to have you once again hey always good to be with you Charlotte I enjoy these so much really good to be speaking with you as well I think I was hoping to cross path with you in New Orleans but our schedules didn't match up so we're going to do a conversation here and talk about what's going on and I think it's a good time to have you on we were talking

before we turn the camera on about topics of Interest right now and you mentioned what's going on with gold versus Bitcoin so I think that's probably top of mind for people what is happening there what are the drivers you're seeing how is this going to pan out well you know in New Orleans when we did the precious metals panel which I moderate uh most years and we had five people there were you know it was a very very big crowd probably the largest crowd I've seen at the New Orleans U

investment conference which is of course focused on Metals since like 2003 so people were shouting out um uh maybe grumbling about Bitcoin because you you know come on uh gold investors especially see Bitcoin as a competitor to gold right it's a risk on investment and as probably very few of us need to uh be reminded of it's at $101,000 or was uh anyway a lot of volatility and I think U thanks to some um very smart folks on the uh on the panel uh you know um Avi Gilbert and Dana Samuels

and and uh Rich checkin uh Jeff Jeff deast and um Omar ayales they're all great Charters and also they follow gold well I think we can safely say that Bitcoin you know it's it's for people probably investors under the age of 45 gold and other precious metals everyone else um but you know Bitcoin besides the um the Donald Trump effect that we've seen in the past three or four weeks has some you know pluses uh as you know portability you don't have to worry about carrying let's

say a Bitcoin $100,000 over a border I mean there are other cyber security concerns I'm sure Charlotte I think and there are other the misconceptions and and and truths about gold versus Bitcoin uh however as almost everyone on our panel if not everyone on our panel and and I feel it's great to be able to hold gold now um I think gold has portability and I think the price will fix the portability problem because let's just say gold goes to $3,000 at the end of the year which is what I see that's pretty dramatic

prediction because it's only at 2700 but um and it's had a good run um but let's just say gold stays at 3,000 and you want to bring $3,000 or $40,000 across a border you can take 10 gold 1 ounce coins or $330,000 worth of gold across the border it's not going to weigh you down that much 10 ounces now let's say as some people believe you know including me that's one day we're going to see gold at $5,000 or $7,000 so you see what I mean price could take care of or solve

the portability problem there you go Bitcoin versus gold I'm not going to say anything bad about Bitcoin because it has the the blockchain behind it and uh most Fortune 1,000 companies have blockchain uh technology for products and services it's an asset it's a you know it's a valid asset um gosh knows what's going to happen uh with Bitcoin whether it becomes a feral Reserve currency um or a reserve currency for large Nations including you know Canada the United States uh the UK and so on

yeah we seem to be in in really such a Bitcoin moment you mentioned that momentum due to Trump's election and I think it was really coming through at the New Orleans conference where definitely it seemed to be more of a topic of discussion this year where in the past it's really been so gold focused and like you mentioned I think there was that attitude of people being maybe a little bit upset that Bitcoin is running and gold is behind but also I think some people who are looking at Bitcoin and thinking okay well maybe I

should get into that so pretty interesting to see the shifts and it did come up on on the precious metals panel that you moderated one other thing from that discussion I think was a discussion around ways to own gold safe ways to own gold and how do you actually do it so thought we could also go into that a little bit and hear your thoughts on that well yes and of course absolutely the safest way buy the coin by the bars there is someone in the uh a couple people in the front row and in the second row at this uh at the New

Orleans investment conference who were shouting out Costco Costco and in fact as we know Costco at least in the United States puts um um these little uh 1 o and 2 ounce U I think they're 2 ounce but definitely 1 o um gold you know pure 99 .9% gold uh I don't know what you want to call them uh but they're they're not coins they're little mini bars and um that shows you how how much gold could be entering the mainstream you know we have these myths and misconceptions about uh Gold Silver

Platinum um Bitcoin uh and those misconceptions you know sometimes travel out uh into reality and become the truth but the fact is when it comes to Safe gold ownership I think um yes you can buy gold in repositories I and a number of uh other you know newsletter folks uh professionals like to buy gold electronically if it's a repository as you know Sprout bought the uh the old Central Fund in Ottawa which I've been following forever and now you have the Sprout gold trust you have the Sprout

gold and silver trust which I like because it has 40% silver the 60% gold these are5 billion doll repositories now it's actual gold they stand by the gold it's closed in fund which means CF and cf. in Canada will trade at a mostly a discount to the actual price once in a great while that discount can become a premium to net asset value it happens rarely but if that were to happen gold would probably be on its way to uh the $4,000 or $5,000 so I like uh I like the the actual physical trusts not the not GLD

GLD is not a it's an ETF for sure but um there are um many folks these days who question what happens to the gold that GLD represents uh where is it is it borrowed is it lent out uh you know lending gold anyone can lend gold if you have enough of it and you get a little interest rate on it but uh what what if you're the person who lends out the gold and you happen to have the bad luck of being in some sort of awful geopolitical crisis and you you actually need that gold allocated to you

um is it it's hard to understand but most investors uh are not happy about hearing well we just move it to a different part of the Vault Under the you know the China sign or under the under the South Africa sign or under the Poland side sign so I think um some of the physical trusts I also own the Aberdine Platinum trust it trades on the New York just like just the CF does and um I think you know you can buy uh you can buy a lot of metals uh these days in trusts there's even a copper trust that represents pure copper

not the companies you know but the metal but I I tend to think that uh if you really feel strongly about wanting more gold um you should go out and buy a few coins and you can do that uh there are plenty of reputable uh websites that do it that that send it to you via FedEx or you know I'm sure Amazon will have its day uh soon if it doesn't already in selling gold Yeah you mentioned somebody in and the audience at the conference yelling out Costco Costco when it comes to gold bars and of course we know one

of the other things that Costco started selling is physical platinum and I know that you have been telling us about Platinum for quite some time but it seems like our audience is starting to become interested as well so I'm wondering if we can take a look at Platinum moving forward I know the price has been pretty range-bound for a number of years at this point so are we getting to the time where that changes well uh as you know Platinum like silver uh like padium has an industrial use it's a beautiful white metal and

platinum Finds Its way into gold uh into um gold related jewelry and other mual things but in the end it's a it's a catalytic uh it has a catalytic function in uh in vehicles and especially in hybrids so when you see the the Platinum versus Palladium tug of war and remember Palladium went as high as $3,000 well well while uh I would I think it was four years ago and then started coming down whereas Platinum went down as low as 8 800 or 840 something like that now you see them merging okay you have mostly uh padium

it's probably $1,000 an ounce Platinum is uh about 950 960 an ounce and Charlotte I think uh the interesting thing as you know is uh Platinum is especially is probably 10 times as rare as as gold in the ground Platinum Used to trade at a nice thick premium to Gold you know now gold is worth more probably because of geopolitical aspects and uh as we're seeing today uh buying uh Central Bank buying by China which uh appears to have resumed and has the resuming is zooming the gold price the

um I I like Platinum I don't the only way I own padium and Palladium is more for electric you know when you think about Palladium as a catalytic uh you're mostly talking about electric vehicles I think um of course both get used uh including in motorized in uh you know in carbonized vehicles but um you're making with Platinum you're making a bet on uh mostly hybrids and uh you know probably even uh diesel diesel related uh engines um I think that uh Platinum um this year you said we're at the end

of the year oh my gosh Charlotte where did that go where's that calendar there it is the uh the probably the next six months we'll see a platinum trade above the price of Palladium if you look at the two charts you'll see it's almost it looks almost inevitable and I'm not a chartist but I think chartists believe that uh that Platinum will uh will overtake Palladium in the nominal price anyway and then from a fundamental point of view as uh the CEO of Platinum Group medals was pointing out to me Frank

halum from South Africa you uh you have undere exloration by Platinum I mean the next big Platinum mine that's going to come online will be uh at the plot Reef by I ivanom mines whose shares I own by the way I don't own Platinum Group Metals it's much smaller but I I have owned that one in the past but you you have a situation where if Platinum you know were to go up a few hundred dollars and stay there you'd probably see more more uh more Platinum uh development online but it takes an awful long time to develop any

mine and with a platinum mine especially because you have all these Platinum Group Metals involved right there are you know there are the classic metals that are attached like gold like nickel rodium and so on and then there are other valuable Metals but becomes a uh um it becomes an effort that requires serious equipment and also as we know because of Labor unrest in South Africa and let's just say uh War politics in Russia where a lot of platinum comes from and Palladium there the supply uh the supply side and the future supply

side are uh very clouded view but I think it's going to have it stay in the sun just this copper seems to be rebounding okay so watching gold watching Platinum watching copper I promise that today I won't keep you overly long but before I let you go just because we are finishing up 2024 we're heading toward the New Year other sectors that you see potential anything that you would want invest to keep an eye on as we head toward another New Year well I'll tell you what I I would be a little wary of first of all is you

know we've seen a lot of uh interest in drone companies okay drone companies even uh even uh one of Donald Trump's Sons uh is involved in a drone company right these drones will are said to you know become taxi cabs of the sky we've heard this there were a couple Canadian companies into this a few years ago now these stocks have have have raced you know we're seeing so much speculation based on cabinet appointments in the US and and waves in the Middle East today even gold is benefiting from you know the situation

in Syria which apparently uh you know we have uh um Assad finally out of power after many years of war um I would say that um the only other sector I'm interested in personally is shipping and when it comes to shipping once again geop it's probably as sensitive to geopolitics as go and I like uh you know I I invest in small ship shippers the ones that return 90 80 or 90% of their profit to investors in the form of a dividend DHT is one there are no shortage of legitimate shipping companies from 1

billion market cap to to 20 3040 billion market caps so I like shippers mostly shippers of natural gas and oil I I'm not sure where the oil price is going short term but I think we'll see a day in the US anyway here in California by the way we pay along with Hawaii the greatest highest prices for gasoline right now we're at$ four and a half dollars and uh you know being in New Orleans and looking at the signs it's like $3 gas here it's four4 to5 gas I think we'll see $10 Gas here in

California and other expensive places $10 us and of course that means you'll see that price in Canada too I um and one final thing Charlotte I would keep an eye on as you know in November we had these gold outflows and and from the ETFs like the GDX the vanx GDX major companies and the vanak gdxj junior companies uh and these outflows are because investors say hey I'd rather be someplace else with my money and I'm sure there are tremendous opportunities still in semiconductors in uh uh you

know in clean air companies uh I you know I believe in Hydro energy we have a daughter who works in uh in Marine energy pulling energy out of the water but it's early stage um still I would say uh the activity that we're seeing today is mostly uh for example today being a great fantastic day for gold right back near 2700 because of China and Central Bank buying and so so we'll see these macro flows into gold this this you know this this nation Central Bank says we're resuming gold buying or that nation's

Central Bank and uh who knows maybe one day we'll actually find out how much gold the United States owns in the meantime I'd look for a little weakness in the dollar over the next six months and uh generally a weak dollar is gracer gold so that about wraps it up I I don't know if you want me to list my top four positions I will if you want me to I uh I often tell our audience at the cander report but uh no secret Ivan home Minds which is copper and the Platinum project copper and the the Congo Alamos gold

which has uh three reproducing mines I think or four now with a purchase that they just made and alen gold is just run like clockwork um you know uh the uh the company I've owned it forever uh not forever but extra gold resources which is a tiny speculative company in [Music] Ghana in West Africa and emx royalty company which uh which has been um kind of in stasis but uh I have a great hope for royalty companies we'll see okay I think that's that's a perfect place to wrap it up hopefully we got through

through all the main points thank you so much for coming on to talk about the markets thank you Charlotte it's been pleasure happy holidays and all that yes to you as well and once again I'm Charlotte McLoud with investing news.com and this is Tom candra of the cander report thank you for watching if you like this video make sure you hit the like button and subscribe to our Channel we'd also love to hear your thoughts so leave us a comment below [Music]