The David Lin Report
Gold At $3,300: Market Peak or Just The First Leg Up? | David Wolfin
May 1, 2025
In this engaging conversation, David Wolfin, the President and CEO of Avino Silver & Gold Mines, shares insights on gold's role as portfolio insurance amid market uncertainties. He outlines the company's ambitious five-year expansion plan, which has generated impressive share price growth. Wolfin delves into mining sector dynamics, including cash flow management and the strategic advantages of projects in Latin America. He also discusses the influence of trade tariffs and effective growth strategies in the evolving mining landscape.
26:38
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Quick takeaways
- Gold is essential as portfolio insurance during uncertain times, promoting stability irrespective of fluctuating market prices.
- Avino Silver & Gold Mines emphasizes strategic organic growth and disciplined investments to enhance production capacity and shareholder value.
Deep dives
Gold as Portfolio Insurance
Investors are encouraged to view gold as a form of insurance in uncertain times rather than a mere investment based on its price fluctuations. This perspective emphasizes the importance of holding gold in a portfolio, especially as it reaches record highs exceeding $3,300 an ounce. The speaker highlights that ownership of gold equities offers leverage compared to holding physical gold bullion, explaining that a rise in gold prices can lead to even greater percentage gains in mining stocks. Thus, the call to action is clear: maintain gold as a protective asset regardless of current market prices.
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