We Study Billionaires - The Investor’s Podcast Network TIP261: Investing in Gold w/ Ken Lewis CEO of APMEX (Investing Podcast)
Sep 22, 2019
Ken Lewis, CEO of APMEX and a leading authority on precious metals, dives deep into the world of gold investment. He discusses the driving factors behind gold prices and shares critical insights on navigating market conditions. Listeners learn about the distinction between physical gold and paper investments, and how blockchain technology is revolutionizing gold procurement. Lewis also explores the generational differences in investing attitudes, particularly between cryptocurrencies and traditional assets, providing valuable strategies for both new and seasoned investors.
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Reasons for Gold Investment
- People buy gold as a safe haven asset, driven by distrust in the system or concerns about the government.
- It also diversifies portfolios and acts as a hedge against inflation.
Gold Performance Drivers
- Gold's performance is difficult to perfectly correlate with specific market conditions.
- However, factors like a weak dollar, international unrest, and high equity valuations tend to correlate with better gold performance.
Gold as Inflation Hedge
- In 1920, a suit could be bought with an ounce of gold.
- Similarly, a nice suit can still be purchased with an ounce of gold today, highlighting gold's value preservation.