Value Hive Podcast

Garrett Goggin: All Things Gold & Silver Mining Stocks

Sep 27, 2024

Garrett Goggin, founder of The Golden Portfolio, boasts over 15 years of expertise in gold and silver mining stocks. He shares insights on navigating the mining landscape, including researching potential investments and exploring international opportunities, especially in Latin America. Garrett discusses the importance of shareholder value, risks of dilution, and evaluates mining stocks with a focus on cash flow. He also emphasizes portfolio construction strategies tailored for precious metals, highlighting the anticipated future of gold and silver investments.

57:22

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Garrett Goggin

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Quick takeaways

Garrett Goggin emphasizes the necessity of hands-on research in gold and silver mining stocks to navigate their inherent volatility effectively.

The importance of management quality and financial performance is highlighted as critical in evaluating mining companies for potential investment success.

Goggin observes that current economic conditions indicate the early stages of a bull market for gold, driven by inflation and geopolitical factors.

Deep dives

MacroOps Investment Philosophy

The investment philosophy at MacroOps focuses on achieving high risk-adjusted returns while fostering continuous learning and community engagement. The platform is notable for its high retention rates among members, who are primarily professionals and motivated retail investors. Members benefit from unique research, educational resources, and a collaborative community on Slack, enhancing their investment knowledge and skills. The podcast underscores the importance of community in enhancing the overall investment experience and emphasizes a shared passion for investing.

Intro

2min

Navigating the Gold & Silver Mining Landscape

2min

Exploring Mining Sites: Safety and Silver History

2min

Exploring Investment Opportunities Beyond Traditional Mining Jurisdictions

2min

Mining Stocks Unveiled: Opportunities and Risks

24min

Evaluating Mining Stocks: Debating NAV and NPV Models

2min

Navigating Gold and Silver Investments

14min

Mining Insights: Gold and Silver's Future

9min

Garrett Goggin is the founder of The Golden Portfolio, a newsletter that exclusively covers gold and silver mining stocks.

Garrett has over 15 years experience investing in junior precious metals miners. I spent over an hour picking his brain on portfolio construction, grade hurdle rates, red flags to avoid, and how to value a mining stock.

I think you'll like this one.

Please note that Garrett or myself might own any of the stocks mentioned in the podcast. None of this is investment advice. Do your own work. Mining investing is extremely risky. You've been warned.

Finally, a big thanks to the following sponsors for making the podcast a reality.

Mitimco

This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created ⁠⁠⁠⁠⁠⁠emergingmanagers.org⁠⁠⁠⁠⁠⁠, a website for emerging manager stockpickers.

For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers and more!

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TIKR

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