“If you’re in this business, from a mining standpoint, this is a good timing opportunity for silver miners to convert to gold,” says Gold Stock Analyst editor John Doody, founder and editor of Gold Stock Analyst. “If you want to grow, it’s hard to grow in silver and it’s easier to grow in gold,” he tells Daniela Cambone at GSA Investor Day 2023. “I think we’re going to have a recession. An inverted yield curve has always led to a recession,” Doody continues. “When you have a recession on the horizon, the Fed always lowers interest rates, and lower interest rates means higher gold [prices],” he says. “Inflation will come down all on its own because what you’re comparing it to is relatively cheaper. The base rose,” he concludes.
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00:00 John’s view on gold
3:51 Gold mining space
4:29 Silver is going towards gold
5:30 Is this year for precious metals?
6:30 Which one is a better investment? Gold vs. silver?
7:29 Inflation status
9:06 Final thoughts on investment
