Stansberry Investor Hour
Why Gold Is on the Brink of a Historic Surge
Oct 30, 2023
Rudi Fronk, chairman of Seabridge Gold, joins the podcast to discuss the outlook for the gold market and the challenges in the industry. He predicts gold prices will surpass its previous all-time high by the end of the year and explains why mining companies struggle. The hosts also analyze GDP numbers, consumer spending, and personal income statistics.
51:19
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Quick takeaways
- Gold prices are predicted to reach new all-time highs and trade at multiples of the current price in the coming years.
- Seabridge Gold's strategy of forming joint ventures with major mining companies allows them to focus on growing ounces in the ground while maximizing value for shareholders.
Deep dives
Seabridge Gold: A Leveraged Play on Rising Gold Prices
Seabridge Gold, founded in 1999, aims to provide the best leverage play to a rising gold price. They focus on growing ounces in the ground faster than shares outstanding. With projects like KSM in British Columbia's Golden Triangle, Seabridge aims to develop a joint venture with a major mining company to bring the massive deposits to production. KSM alone has over 150 million ounces of gold and 7 billion pounds of copper in resources, and Seabridge has been actively working on early site construction. The company's disciplined approach and loyal shareholder base have contributed to its success. Seabridge predicts that gold prices will reach new all-time highs and trade at multiples of the current price in the coming years.
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