20 min listen
'Silver has always been my first love,' says billionaire Thomas Kaplan in Kitco Exclusive
'Silver has always been my first love,' says billionaire Thomas Kaplan in Kitco Exclusive
ratings:
Length:
22 minutes
Released:
Dec 10, 2020
Format:
Podcast episode
Description
For the first time in 20 years, Thomas Kaplan, CEO of Electrum Group, has launched a new public silver producer. In an exclusive interview with Kitco News, Kaplan talks about his silver and gold projects and his outlook for the precious metals.
In November, The Electrum Group went public with Gatos Silver (NYSE: GATO, TSX: GATO), which raised $170 million in its IPO. It was also one of the first precious metals companies listed directly on the New York Stock Exchange.
Looking at commodity prices, Kaplan said that gold and silver are just at the start of a significant bull market. "Once silver stabilizes and gold is going up as some monetary metals, silver then starts to follow gold and then it gets octane and it surpasses gold," he said. "That's what happened during the financial crisis and we are starting to see that again."
In November, The Electrum Group went public with Gatos Silver (NYSE: GATO, TSX: GATO), which raised $170 million in its IPO. It was also one of the first precious metals companies listed directly on the New York Stock Exchange.
Looking at commodity prices, Kaplan said that gold and silver are just at the start of a significant bull market. "Once silver stabilizes and gold is going up as some monetary metals, silver then starts to follow gold and then it gets octane and it surpasses gold," he said. "That's what happened during the financial crisis and we are starting to see that again."
Released:
Dec 10, 2020
Format:
Podcast episode
Titles in the series (100)
E.B. Tucker: $2,500 gold price target and how to fight 'war on wealth' during Biden presidency: With odds now stacked heavily in Joe Biden’s favor, it’s now looking more likely that the next four years will see a Democratic president in the White House. E.B. Tucker, director of Metalla Royalty and “Why Gold? Why Now? The War Against Your Wealth and How to Win It” said that gold and gold royalty stocks still remain the ultimate weapons against the “war against wealth.” Tucker said that bigger government, more government intervention, and low interest rates are all likely to persist during a Biden Administration, creating tailwinds for gold. Tucker maintains $2,500 an ounce by the end of the year as his gold price target. by Kitco NEWS Interviews