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 [Music] I'm Charlotte McLoud with investing news.com and here today with me is Christopher Aaron founder of iold advisor and elite private placements thank you so much for being here great to have you Charlotte thank you so much for having me on the show really good to be catching up with you it's been years since our last conversation so certainly there's been a lot going on I thought we could start with a pretty broad question about gold which is if you could tell me where you see us in the cycle right now

yeah I I mean gold is obviously in the driver seed of the entire precious metals market so if one is focused on precious metals you you've got to start with gold and then and then narrow your way down from there um the I mean so first of all we're talking about gold that hit a new alltime high today in the overnight hours April 1st 2025 in the spot Market we're talking about 3,149 us that's the highest level ever recorded in the history of planet Earth as expressed in US dollars so it's like we need to take a

step back and acknowledge that right I I think sometimes we've gotten used to seeing this Market trending higher and it's easy to just be like oh yeah whatever you know Gold's do doing well but like no today gold hit a new all-time high um so we need we need to acknowledge that um the other important thing is that you know I I look at ratios I study ratios between asset classes between real asset classes quite closely because that eliminates the the USD component of it um you know it's

easy to look at gold priced in USD going higher and just say well it's the USD losing losing value in and of itself but I have been following the ratio between the Dow Jones and gold extremely closely for the last 10 years and that ratio so we're talking about the ratio between the stock market and gold it's it's it's very simple sort of big picture concept but that ratio had been rising in favor of the Dow for 45 years stocks outpacing gold for 45 years 1980 until when February of 2025 just

last month that ratio has now officially broken we have a monthly close we have a quarterly close it has officially broken that 45-year Trend which was in favor of stocks it has severed that broken lower in favor of gold um we have only seen a signal of that magnitude I'm I'm talking a multi- deade trend in favor of stocks that then breaks in favor of gold we've only seen that four times in the last 125 years we're talking right before the Great Depression we're talking late 1960s

which led to the breakup of the Breton Wood standard when when gold broke the standard versus the US dollar and then we're talking the early 2000s leading into the the 2000s bull Market in Precious Metals we've just seen the fourth signal one month ago one month ago um so when I take a look at gold which just hit an all-time high as expressed in US dollars today as we were talking about I say that's good however the average of these Cycles when we see that break in that in that key ratio the average of the four Cycles the

only four Cycles in the last 25 years the average is for eight more years of even more significant outperformance than we've already seen in in Gold versus equities even more in other words we we may just be at the beginning of um we have to talk about this in fundamental terms here for a moment uh and I know there are a lot of individual investors who are watching this and who are aware of the gold market aware of what what's what's going on around the world and I work with indiv individual investors you know uh I

am one myself however it's not individual investors buying one or two ounces of gold you know a gold Maple or a gold KW gr it's it's not you and I who are causing this massive shift away from equities and into gold this is this is big high-powered money this is central banks and this is a few select Sovereign wealth funds and and the way to think about this is like a slow motion tide shift it doesn't happen in one day one week or even one month but we're seeing a a ma when when you look at a 45-year

trend in the Dow versus the gold that's breaking that tells you that there is a slow motion generational shift happening in front of our eyes and uh even though it has been somewhat frustrating for certain segments of the precious metals sector as as we can talk about uh I think investors need to keep that that big signal picture in mind right now at all times going forward okay I think that does a really good job of outlining the the magnitude of what's happening right now but also highlighting how far there is to go you

know you mentioned that eight years ahead of us and and that ties into something I wanted to ask you you've talked on Twitter about this idea of Blue Sky ahead for gold where maybe we feel like it has to go back or correct or take a break but but there's this blue sky idea so I wondered if you could talk a little bit about that yeah absolutely um you know blue when we talk about a market that is in Blue Sky I mean I'm primarily a technical analyst which which simply means that I I analyze price foremost the price of the

market so whatever it is that we're talking about the price of gold the price of silver you know the price of one of these ratios that's that's where I focus on that's what's called technical analysis we could call it price analysis and it's not that I don't study the fundamentals and understand them supply and demand industrial use versus jewelry use versus Central Bank buying you know I can talk those talks but just to give you a small anecdote I mean going back to the beginning part of

my career in the crash of 2008 when I was first getting started in the precious metals in like 2007 late 2007 you had a lot of these fundamental analysts coming out there saying hey there's these problems in the Global Financial system the housing market is in a bubble the banking system is overleveraged therefore buy gold therefore by silver and what happened is in the global financial crisis for example silver fell more than the General stock market you would have been better owning Bank stocks in the actual credit crash

than silver which is designed to protect oneself right so I said well if if if individuals I'm not going to mention names here but there are a lot of well-meaning fundamental analysts I said if if they could be so wrong on they they could be so right on the fundamentals behind the market but so wrong on how it would actually play out as far as what we actually care about I mean most investors when push comes to shove they care about the price what is going to happen to the price is the price going to go higher lower stay

range bound right so I say we strip out all the fundamentals and we analyze price as the most important we just be honest with ourselves we care about the price let's analyze the price um back to the original question Blue Sky territory is when we're analyzing price and we have you know a gold chart that we're looking at I mean we've got almost 50 5 years of freely traded data for for the gold market gold only began freely trading in 1971 before that it was fixed another word we can use for fixed is suppressed

or manipulated I mean so that was the official policy of the US government up until 1971 was to suppress the price of gold at $35 per ounce we only have 1971 through the present to actually analyze as far as a free market I look at support and resistance levels where do we see buyers coming in that's that's all a support level is the support level is just saying hey let's let's not tell the market what to do let me let me just sit back and watch you know let me just so for example when I launched my my business

iold advisor it was in late 2015 uh price of gold had fallen by nearly 50% over the previous four years almost 2,000 back down to almost 1,000 so I think investors need to remember this you know even though it seems like right now gold can never go lower uh it can for certain periods of time I launched my business in late 2015 based on one single chart based on looking at the gold chart and saying it had already come back 50% it was coming back toward that $1,000 level which was very strong support in

other words we' seen a lot of buyers step in at ,000 over the previous years um I don't have a crystal ball I've never claimed to but what I say is if large buyers were stepping in at $1,000 per ounce in the past maybe there's a chance they're going to step in at that level again that that that expectation was the sole Foundation of of my business uh it turned out to be correct you know gold bottom about 3 months after I launched iold it's since tripled you know in the last 10 years okay I got

that call right I don't get all calls right but I got I got the most important one right as far as the price of gold um as I said I study where are the buyers entering where are the sellers entering where the sellers enter is resistance where the buyers enter is is support and they do so for all different reasons you know it could be China buying gold it could be India buying gold it could be Central Bank demand it could be suppression it could be it's it's all the above um support resistance okay what

does Blue Sky territory mean it means that when we Zoom the gold chart out to the big picture perspective 1971 through the present there are no remaining resistance levels on the gold chart it has broken and and I study this full time I I probably stare at the gold chart for two minutes hours per day for the last 10 years uh there is no remaining resistance on the gold chart none whatsoever when there's when and and resistance simply means you know where have we seen trends of buyers or sellers

emerge so there are no visible sellers on the gold market over any long period of time when that is the case it we can just use this term blue sky territory you just look up at the sky and you imagine something that's floating toward the sky and you say to yourself you know you imagine a hot air balloon how high is this thing going to float there's no ceiling over it how high is it going to float is basically anyone's guess at this point that is the to be extremely colloquial that is the

technical situation that gold is in from a support and resistance level buyer and seller level there is no visible resistance on the gold chart uh when that is the case where Blue Sky territory I should say by the way it's not only gold in USD it's gold in every currency around the world is in Blue Sky territory these things can go a lot higher for a lot longer than most people anticipate when they are focused on the day to day or the week to week and saying you know wow Gold's up you know Gold's up another $50

today maybe this is the top uh I'm I'm going to tell people take a giant step back right now and try to look at the very big picture here gold has just broken a 45e trend versus the Dow Jones that's not going to resolve in one month or one year and gold is in Blue Sky territory and um there there is no one in the physical gold market at this point who has a strong incentive to sell because anyone who is ever bought physical gold since 1971 and held it has made a profit when that is the case no one

really has an incentive to sell the the only the only people that would sell right now are the people who you know you need to pay some bills you need to sell a couple ounces here or there gold miners have to sell their their gold into the market yeah you're going to have some manipulation you're going to have some attempts to to hold it back but there's too much buying pressure in in in Blue Sky territory so I I really think people need to take a a giant step back and grasp the ramifications of what we have

just seen here over the last couple months okay I think that's really helpful to go into that and I asked that question partially because I think people might be looking at the market and thinking well maybe I want to get in but should I wait for a pullback do I buy now what do I do and so maybe maybe that is helpful in terms of getting positioned there anything else you would add for people who are looking at should I get in now what should I do um you know I work with a lot of individual clients um and what I what I

say is it's it's a highly individual uh topic as as far as do you buy certainly there's more risk buying at 3,000 per ounce compared to a year ago when it was 2,000 per ounce or 10 years ago when it was 1,000 per ounce I mean the higher something goes the more the more inherent risk there is um then again we've we've only just seen this this major macro cycle this Dow of gold uh breakdown um what I what I say to individuals is uh it it depends significantly on one's situation here uh

if you own no physical gold whatsoever if you have no exposure to Precious Metals whatsoever we've just seen this 45-year trend break in the da of gold that tells me gold is going to be outpacing conventional equities for anywhere from 3 to 10 years with sort of a mean cycle average of eight years so call it through this decade into the beginning of the 2030s if if one owns no gold whatsoever uh the first thing to do is to basically decide on the portion of one's portfolio that is going to be

focused on precious metals uh that number is going to vary by the individual generally speaking but whatever that number is if it's 10% if it's 30% if it's 50% of one's of one's liquid assets you then want to take that divide it into what portion physical gold what portion physical silver what portion mining equities and then of the portion that's the physical gold if if one doesn't own any gold whatsoever you just you have to buy buy some now now I didn't say buy all right now but you

have to buy some you have to buy some now of of the sliver of your portfolio that's going to be the physical gold you need to buy a chunk of it right now because if if my analysis on the Dow gold is is correct uh pullbacks are going to be shallow here for uh the next year or two and then things are going to really begin accelerating as we get into late 26 27 um I would say if we're going to switch over and talk about the the mining side of the industry right now is that is that a good segue you think I

think so can I ask can I ask one question before we go there please and and that's about so we're looking at the da of gold ratio I want to just check in with you on where you what's your outlook for the stock market because I I get kind of a a range of different attitudes about what's going happen there ranging from you know a pullback to a total crash so just just want to take your temperature on what you see coming yeah it's I mean that's a great question so if we have that that shift

in the Dow of gold it implies a significant loss in in real value for the Dow or the S&P 500 if we look at the last I told you this is only the fourth cycle the fourth major Trend break that we've seen in the last 125 years if we look at the previous three and and average those out again the first one was very early 1930 leading into the Great Depression the first signal that we've seen similar to now the second was 1968 leading into the revaluation and and the eventual uh peak in gold in 1980

and the third was 202 leading into the 2000s bull market um for the first signal for example in 1930 the first time we saw this signal what happened was the stock market crashed by 90% so 90% draw down in three years and then at the end of that period they revalued gold in 1933 as as we know as students of history from 20 up to $35 an ounce so stock market crashed 90% gold rose by 75% that's about a 95 96% % loss in stocks in in real terms in in Gold terms if we look at the 1968 to uh 1980 cycle what happened there is that stocks

basically fluctuated in a in a wide range for 12 years they they they went up a little they fell 40% in the early 1970s they recovered they fell 50% they recovered they fell 40% again and so basically they did nothing for 12 years years and gold rose by 24 fold 24 fold or 2,500 per. and so if we're looking at the you know one could say well stocks just move sideways for 12 years yes but as priced in gold in real terms the ratio crashed Again by 96% 96% very similar to the 94 95% the ratio crashed in the in the Great

Depression 1930s so you know it's it's tough to say because we we live in a Fiat era you know that's the big difference between now and let's say the 1930s we we live in an era where um when caught between a rock and a hard place the central bank we already know the Playbook it's it's not a hypothetical Playbook they pay lip service to trying to control inflation uh and and caring about the well-being of the average citizen but when push comes to shove and things get dicey in

the global financial markets we know they'll just create as much money as they need to whether they type it into their computer and and create a trillion dollars or or literally print it and drop it from helicopters as as Ben banki once suggested that they could in the late 2000s um and so that said I'm I'm more inclined to believe that the the coming contraction in value in the stock market is going to happen more more like a combination of the stock market being weak maybe the stock market itself will

lose 30 or 40% kind of how it did in the Corona virus uh crash but I think that's going to take longer to play out I think we're looking at like a multi-year kind of uh bare Market here for General equities where they it just Moves In Waves and it sort of frustrates a lot of people but what I would see happening is at the same time that that happens I mean if we look at where the Dow gold ratio bottomed in the previous Cycles it's anywhere from 1: one to 2: one right now that ratio is uh 13

to1 so if the ratio moved from 13 to1 down to let's say 2: one uh it implies that the stock market is going to lose about 85% of its value compared to gold and and that fits in line with all the historical Cycles every time that we've that we've seen this signal so I I expect it's going to be basically you know a grinding multi-year decline in the general Equity markets and as crazy as this sounds I mean until proven otherwise it it looks to me like gold will end up being a multiple of the current

price uh could end up being something like the Dow falls down to 20,000 or about half of its value from here and maybe gold Rises to 10,000 that would get that ratio at at 2 to one same net result it it looks to me like the net result is going to be about an 80 to 85% loss in in uh real value in general equities okay I think that that really helps add some important perspective and these numbers they might have sounded a little extreme years ago now I think we're getting closer and closer to times when

they don't sound extreme at all so okay I'll let us move over now to the gold stocks and what if I can just add one thing Charlotte on on that sort of skepticism about you know these these cycles and this actually playing out I myself was extremely skeptical of some of these higher projections up until a month and a half ago I was waiting I've been waiting for 10 years to see this signal in the Dow of gold ratio it had been moving in in this generational Trend in in favor of the Dow and and I

had been saying to all my subscribers all my clients look I mean I I'm not a gold bug in the sense that I don't think I don't think gold outperforms all other asset classes forever or in or in every cycle I think there's a time and a place for a goal depending on what what's happening yes you should always own some gold as as an emergency uh savings account but there are other times where the the macro signals really align that tell me that based on the sum of the events going on

around the world that gold is going to be outperforming in in a certain cycle uh when I launched my my business I gold advisor in in 2015 I was looking at this market and I was saying you know yeah I think it's going to get somewhere above 2,000 and then after that I'm going to basically say I'm agnostic until the market shows me until the market gives me a more signal a more clear signal going forward we have just seen that more clear signal a month and a half ago that that breakdown in the Dow of gold ratio

can it I can't overstate it um and and so I'm just trying to express that I myself was not talking about five or 10,000 until the actual data showed me that that that was going to be within the realm of uh of Reason okay I think thanks for going into that as well I think that's important to to highlight for everybody Okay so we've got a good handle I think on what's going on with gold and we'll head over to what's happening with the gold stocks so we've seen gold stocks start to move at the

the higher end of the scale I think but investors are waiting for a broader based move from from what I'm picking up and wondering when are we going to see down the scale a bigger breakout so thoughts on the gold stocks right now what are you seeing yeah um it's been very frustrating for for Gold stock investors over the last you know 10 years or so aside from a couple brief Windows first half of 2016 and then first half of 2020 they had very powerful moves but aside from that it's been a real

grind in in the gold equities they have not kept pace with with the increases in the the price of gold that we see I want to explain why I believe that to be the case uh and it comes back to that Dow gold ratio as as we were talking about um the sideways motion up until just one month ago in the Dow of gold the sideways over the last 10 years means that the average investor around the world not not you or I not the listener right now who already is aware of precious metals but let's be honest it's

it's still a relatively small uh Community the average investor you know the person that just works their job 9 to5 contributes 10% or whatever to a 401k listens to the mainstream advice invest in stocks for the long run right the the average investor because that dowed gold ratio had been moving sideways for 10 years the average investor had done just as well in their Dow or S&P 500 their index funds their retirement funds than the price of gold they' done just as well I mean that's

what a sideways ratio means it means neither one outpaced the other for 10 years as a side note that's that's the only time that that's happened in In Living history we've been living through this this strange anomaly um that has shifted um that has just changed you know the previous 10 years where where people are doing just as well in their stock index funds compared to Gold that has just changed but that shift in Psychology doesn't happen overnight it's going to take a couple quarters you know

people look at their their retirement accounts uh at the end of the quarter they look they say goodness I'm down 5% I'm down 10% price of gold is at a new all-time high maybe that happens for a second quarter in a row they're down another 5% wait a minute price of gold is is still higher maybe I should take a portion of of my assets and move it into gold you multiply that sentiment out by tens or hundreds of millions of people around the world and that's where you get the real acceleration phase uh in in this

market beginning which I I still think is coming but it's still it's still two to three years away um the mining equities have suffered because that General investor has done just as well in their in their stock index funds as they would have in the price of gold and as I said that had never happened before before the current cycle it it takes the speculative interest you know it takes the the average person saying I want to put 10% or 20% of my of my funds into a basket of a precious metals portfolio it takes

that that speculative money I'm not talking about the money that's currently in the gold market it's currently very high-powered money it's we're talking major International reserves you know tens hundreds of billions of dollars moving from from uh central banks and Sovereign wealth funds into gold that's not the kind of money that that moves the gold mining equities um you know Central Bank of of uh you know Central Bank of China is is not buying a micro cap um gold expiration company in in British

Columbia even if they're sitting on 5 million ounces of gold already that's that's just not how they operate so we're seeing the shift now the mining stocks have underperformed there is a precedent for this type of underperformance uh gold mining stocks underperformed for the second half of of the 1970s bull market as well one example I can give is um uh which which is the uh if we look at one of the one of the silver stocks that's still around today heckla mining I'm not necessarily

recommending to buy it now I'm just giving an example in in the 1970s price of silver moved Sideways from 1974 to in 1978 at $6 per ounce as it was moving sideways the stock of heckla moved lower by 85% 85% emits the I mean it's a silver producer it moved lower by 85% as silver was moving sideways simply because investors grew frustrated you know like Mining stock investors I I hate to say it are a little a little impatient sometimes uh he was moved lower by 85% as the price of its product moves

sideways and then in the final year of that 1970s bull market when silver finally broke out above six hecka moved Higher by a th% in in the last year I'm talking the last year of that 10year cycle um it looks to me like a similar situation is setting up with with the mining equities now um where you know we're starting to see there's a few of the large cap companies that are doing well a few of the streaming royalty companies are doing well you know the big names a few of those igno Eagles near an all-time

high you know we're talking uh Royal gold Franco Nevada some of these companies wheat and precious medals um we've yet to see because that that change in the Dow of gold has just happened in favor of gold literally one month ago we're at the very beginning of of some of that money starting to say wait a minute uh the large caps are maybe closer to fairly valued even though I still think they're undervalued and then when some of that money says I can buy existing gold deposits in

the ground for pennies on the dollar you start to have you know millions of people around the world starting to make that shift that's when the development or the smaller cap miners are going to experience gains that are orders of magnitude above and beyond what the gold price itself uh eventually does uh every other cycle has has worked out that way eventually the the challenging part is it's it's lagged so long and trust me I see this myself I invest in these companies as well it's

it's lagged for so long that there's a risk that investors sell and frustration just before that wave happens all I would say is if if you are tempted to do that if if you're tempted to say I've had enough you know for now fine make your own decision but don't turn your back on the sector completely keep at least one eye focused on what's happening with with the mining stocks with the price of gold with that Dow gold ratio because when the money comes starts trickling from

the large caps into the mid- tier and and the junior small cap companies it it's just going to be like you know fitting a uh a hose through you know what's a fire hose through uh you know a smaller hose or as they say whatever that analogy is uh it's going to be a sight to behold we have all the the major macro signals in front of us gold and blue sky territory da of gold ratio has broken a 45e trend there's only been three other signals like that in history major outperformance coming from gold uh it

just looks like these signals take several years after they after they flash to play out it doesn't all happen overnight Charlotte yeah I think that's that's important to look at as well I know there's a lot of people who have been early in the mining stocks they feel that frustration and yeah of course you you never want to leave too early especially if it's just before the big move so we've got we've got the Mining stock frustration we've also got I think the silver frustration which which might

even we The Mining stock frustration I'm not sure how it quite Stacks up but I think let's get your thoughts on Silver as well I know you're looking at the gold silver ratio so maybe we we take a look at what that tells us about what the Outlook is for silver yeah and I just want to be clear that it's it's the same reason why silver is underperforming gold as as why the the equities are underperforming gold the gold stocks are underperforming gold it's the same reason both silver and

gold equities can be considered more speculative or more leveraged forms of gold they both fit that Niche you'll have some investors who look at physical gold and you know and they're like I mean you know with the premiums almost three and A5 thousand for for one of these little coins are you serious you know that seems maybe that's not the best deal in the world I mean I think it's going higher but um you you have a category of invest who look at that and say that's not the wisest use

of my funds I'm going to take those few thousand dollar and buy you know a couple hundred ounces of silver instead uh or I'm going to take those few thousand dollars and buy a basket of like 10 or 20 gold mining companies it's the same reason why that General investor that speculative bid as we're talking about has not been in the silver market as as the gold market um it we have to see continued decline in that Dow of gold we have to see the General market investor around the world

begin to wake up to this theme you multiply that out by several hundred million people around the world it only takes a small sliver of those people to start moving into physical silver silver could go from $33 to $50 in in a couple months when a few people begin to wake up to that as far as you know the silver chart itself when is that going to happen how does silver look here I I think silver looks healthy I mean the the silver chart itself here as we're speaking it's $33 and uh just below

$33.7 us in the spot Market I think it looks healthy it's it's making a very clear pattern of higher highs and then higher lows you know two steps forward one and a half steps back every couple months two steps forward one and a half steps back it's it's a healthy looking pattern the the problem is that it's it's not exciting you know it's it's been yeah a few dollars higher give 75% of it back a few do you know etc etc it hasn't caught anyone's interest it

hasn't been you know just as an example um uh following the global financial crisis silver spent about a year 2008 2009 it spent about a year consolidating around 15617 per ounce all of a sudden in August of 2010 silver broke out and it tripled in 8 months it moved from 16 and change up to $50 in eight calendar months that's I remember that psychology that's the kind of move where everyone's like piling in you know silver stocks are going crazy they're just they're Rising

5% per day 10% a day 20% a week day after day after day after day I mean for for eight months you know with maybe one or two brief couple week pullbacks in there that is the type of move that I think a lot of silver investors are are waiting for um myself included I I have a little bit of patience however uh when I look at the charts when I look at Silver itself as I said it looks generally healthy when I look at the Gold to Silver ratio however which which tells us you know basically with with

that ratio we want to see that ratio compressing lower in favor of silver when it's compressing lower in favor of silver that's going to be the moment that silver really has that dramatic move that people are waiting for I have to tell you unfortun Ely I don't see it in the cards yet I don't see the dramatic move in silver yet I'm not saying silver is going to collapse I'm not even saying silver is going to fall I believe that for the next year 18 months I like to take the

markets in sort of manageable pieces as we go along um next year 18 months it looks like silver wants to follow gold gold is in Blue Sky territory silver is not yet silver has generational resistance at $50 per ounce it looks like gold wants to Trend higher and it looks like silver wants to follow gold maybe a little sluggishness still but it looks like it wants to rise with gold so I don't I don't think we're going to see any sort of you know collapse in in the silver price but it looks to me like there's still a year or

so of kind of more more moderate gains um I I would you know after we reach that piece after let's say a year 18 months what I like to do is just take that major step back and and again I say Market you show me I don't have all the answers you you give me the signal here is this the moment when silver is about to Triple again in eight months if so I'm going to see it on the chart because that Dow excuse me the the gold to Silver ratio like we were just talking about is going to snap

it's going to be like a a tree branch that just all of a sudden boom it snaps and when that happens to the gold to Silver ratio watch out that I mean that can happen very quickly and silver can like I said I mean there's precedent for for silver to Triple in a matter of months uh but we're going to see it on the gold to Silver ratio by sort of a all of a sudden an impulsive snap in that ratio okay I think that gives us a good idea of what's coming for silver so we've got to still have some patience

here and it's not even a negative outlook like you said it's just maybe consistency versus that the big shoot upwards which we won't see quite yet okay yeah so so we've gone over gold and silver anything you would want to add before I let you go I think we've been pretty thorough but I'll I'll put it back to you in case there's anything else you want to discuss do do you care to discuss any individual companies sure I would love to hear if you if you have any that You' like to

bring up just quickly and you know these companies don't pay me to say this I'm not I'm not a paid but I'm an investor so I'm sharing the companies that I think have good projects in development if if people want to buy them fine if not fine do your own research of course make your own decisions but just very briefly in in this category of you know we talked about price of gold is in Blue Sky some of the senior companies are doing well but it's few and far between uh the the development stage

gold miners are so undervalued right now I know companies that are in politically safe jurisdictions uh that are s sitting on multi-million ounce gold deposits that are highly economic at $3,000 gold and the gold in the ground is selling for5 to $10 per ounce whereas the gold above ground is selling for 3,112 right now I mean in typical buyout situ ations for these deposits at at $2,000 gold it was typical to see companies get bought out for 25 50 100 $150 per ounce in the ground that was at $2,000 gold we're now

looking at deposits certain deposits are selling for5 to10 per ounce in the ground I just think you know there there's always risk I mean if I'm wrong in the sector you know some from outer space something happens causes gold to top and and it just collapses of course you know these companies are not going to succeed um but a couple companies that I like right now serios resources so SOI it's a Canadian company with a two million ounce deposit um up in Quebec Canada James Bay 2 million ounces of gold in the ground

market cap is 12 million us that's $6 per ounce in the ground you can get get a little cheaper than that but you can't get too much cheaper than that um active exploration program still going I like sirios and then and then as far as the United States goes I like Providence gold paou I mentioned this at the uh Vancouver uh conference month and a half ago but I mean the big thing about Providence their uh their Flagship deposit the elderado dep uh project had a 2 million ounce resource historical resource not

4311 compliant okay that's fine it's a historical resource the first drill that they stuck into the ground last year found visible gold three times deeper than the historical resource model so if that continues if they keep finding visible gold below the historical model you have not a 2 million ounce deposit you have a five six M million ounce deposit as difficult it is for me to I mean this this could be major of course there are risks for for all these companies so please do your own research

I'm only speaking about the companies that I'm investing in but if gold does what we think it's going to do what we talked about because of that Dow of gold ratio if gold goes from 3 to 10,000 and and concurrently the Dow compresses from 40,000 down to 20,000 I mean you know these companies could be 5 10 20x higher over the coming years so if one has the tolerance for extreme risk and reward uh you may want to consider some of these companies okay I think everybody always appreciates a look at

at some specific companies so thank you for that and thank you for coming on to go over what's happening in gold and silver this was really good thank you so much Charlotte for having me of course I'm once again I'm Charlotte McLoud with investing news.com and this is Christopher Aaron 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]