Hedgeye Podcasts Hedgeye Investing Summit Spring 2025 | David McAlvany, CEO of McAlvany Precious Metals
Apr 19, 2025
David McAlvany, CEO of McAlvany Precious Metals, shares his extensive expertise on the dynamics of precious metals investing. He discusses the evolution of gold as a timeless asset and reflects on how family legacy impacts wealth strategy. Listeners learn about the challenges of physical gold ownership, including storage and liquidity options. McAlvany also examines how gold imports affect GDP calculations and the rising interest among wealthy investors seeking stability in volatile markets. His insights make a compelling case for gold's role in modern investment portfolios.
AI Snips
Chapters
Books
Transcript
Episode notes
David's Return to Gold Business
- David McAlvany realized the gold business value after working at Morgan Stanley during 2000-2002 crash.
- He returned to the family business, drawn by a unique gold opportunity highlighted in an internal memo.
Gold Bull Market Phases
- The current gold bull market is in phases: first movers, Wall Street, then general public.
- Central banks have driven rising prices despite declining public investor interest.
Gold's Global vs U.S. Perception
- Globally, gold is an assumed 5-10% net worth allocation as portfolio stabilizer.
- In the U.S., gold is marginalized due to market apathy and preference for growth stocks.