Precious Metals: The Talk of the Town – Live with Ross Beaty

Published on
May 27th, 2020
Duration
52 minutes

Reopening: A Macro Question – Live with Naufal Sanaullah


Precious Metals: The Talk of the Town – Live with Ross Beaty

Live ·
Featuring Ross Beaty

Published on: May 27th, 2020 • Duration: 52 minutes

During these times of instability, irrationality, and profound uncertainty, market participants the world over have gone on what seems to be an epic search across asset classes to find the right mix of safety and yield for their portfolios. Not surprisingly, as is often the case in times of economic turbulence, many have landed on precious metals. They have become the talk of the town as of late, and in doing so, have fomented not just exuberance, but a bit of confusion as well. To put this issue to rest, we have invited mining legend Ross Beaty on this week's Real Vision Live where he will guide viewers through the process of precious metal mining, while explaining how we can go about investing in the space during times of crisis.

Comments

Transcript

  • wj
    wouter j.
    15 June 2020 @ 07:33
    Annoying vs Awsome
  • AR
    Anthony R.
    31 May 2020 @ 05:15
    Ross was very gracious here. I'm sure he'll be back. Would be great to have Grant Williams interview him. Where is Grant?
    • WM
      Will M.
      31 May 2020 @ 19:17
      Grant has moved on from RVT Anthony. It was announced a month or so ago.
  • JL
    James L.
    31 May 2020 @ 11:58
    awesome, awesome
  • JB
    Joseph B.
    28 May 2020 @ 14:50
    Awesome...awesome
    • AR
      Anthony R.
      31 May 2020 @ 04:59
      and, um........Awesome!
  • DS
    David S.
    31 May 2020 @ 02:06
    The joy of this presentation was how well Mr. Beatty delivered his message to RVTV subscribers. It is apparent that Mr. Beaty is a class act and respects others. I especially like his focus on how he worked to develop his companies for all shareholders who were supporting him. How much luck and perseverance has to do with being successful. You still need to pick up the fumble and score. In addition, how many times he had narrow escapes. It was a great interview. Mr. Bessette will learn from some of some of our comments. There was certainly too much piling on. I would love to see some of the commenters doing an interview. I would be terrified. DLS
  • JB
    Jamie B.
    30 May 2020 @ 09:24
    Ross "Risk is my Bitch" Beaty Vs Drew "Awesome, Awesome" Bessette. With the greatest respect to Drew, he was simply out of his depth. Everyone needs to learn the ropes and deserve opportunities. I applaud RV for bringing up new talent. However, Drew was outclassed and it really hurt the interview. All I could hear in my head was Samuel L Jackson saying "Say AWESOME one more time, I dare you. I double dare you" Keep going Drew, these things make you better mate.
  • sa
    stephen a.
    29 May 2020 @ 18:35
    Totally agree with the comments regarding the interview. Not blaming the interviewer per se, but RV needs to give someone like RB the respect due by putting a seasoned professional in the chair...
  • WM
    Will M.
    29 May 2020 @ 13:44
    Love Ross Beatty and enjoy listening to a true professional any time. I do understand the question of how to get experience to be a good financial interviewer and you have to start somewhere. In this case the interviewer should watch this interview several times and take notes on where he somewhat embarrassed himself. Hopefully he can get tuition from whomever at RV is supposed to be coaching him.
  • tc
    thomas c.
    29 May 2020 @ 09:29
    A guy like Ross really needs a more experienced interviewer. he was wasted on this one.
  • FD
    Fausto D.
    29 May 2020 @ 04:26
    RV, next time you decide to interview a titan in an industry make sure you deploy a titan in your team to interview them. There could have been so much more value extracted from this interview. Cringed at the Altera question, honestly a little homework goes a long way. Very interesting perspectives on passive investments, liquidity, scale and what "today's" investors are looking for. Beaty will keep adding value and "those" investors will be forced to keep bidding up the stock, its a natural consequence. Refreshing for a squillionaire to still be humble and credit his serial success to his team... Ledgend!
  • CR
    Clarke R.
    29 May 2020 @ 02:30
    Last question ended up being the best, with a fascinating answer.
  • NI
    Nate I.
    28 May 2020 @ 21:19
    I'm glad to be a part owner in EQX. Ross is a great guy.
  • lm
    luke m.
    28 May 2020 @ 00:09
    conspiracy theories are theories until proven fact. just a stigmatised label developed by the CIA to cover up JFK inside job, wake up Ross.
    • NI
      Nate I.
      28 May 2020 @ 21:16
      Building 7 didn't kill itself ;-)
  • DR
    Danilo R.
    28 May 2020 @ 04:03
    Awesome, just awesome. Ross was awesome, and Drew was awesome for almost no interruptions which is the new normal for interviews. Awesome, that’s interesting, hmm, wow, just wow, I never thought about it that way, OMG, for reals, dramatic pause, sure, moving on, if we could pivot, following up on your comments, no effing way, duh, totally, cool, ditto, what do you mean there is social and government risk in the US, I did not know that, to quote Franklin a reputation takes .... to build, I have always seen xyz business in terms of people, process and product ... tell me more regarding your ... what can you tell me about bitcoin ... you seem to be a natural risk taker but at the same time you have developed an expertise in managing risks, can you explain the paradox? As you said we are in a bull market for gold, what kind of levers do you have available to bring more gold to market?
    • TS
      Thalia S.
      28 May 2020 @ 05:45
      I keep asking why are some subscribers so rude and mean?
    • PJ
      Peter J.
      28 May 2020 @ 15:36
      Give him a chance FFS; I'm sure he will have learned a lot from talking with someone with Ross's status and knowledge. Experience and technique are gained, no one starts with it on day one. I thought it was a decent interview.
  • PB
    Pieter B.
    28 May 2020 @ 10:51
    Thanks for the great interview! I am a holder of equinox and I was happy to see a nice bump in the stock price when this interview was happening even though most other gold stocks had a down day.
  • EM
    Eric M.
    28 May 2020 @ 10:27
    Needed a higher caliber interviewer. It’s natural as a listener to pay attention to when certain things are said over and over again. I’m sure I’m not the only one who by the end of the interview started paying less attention to what Ross was saying and more attention to if the interviewer was going to respond with — awesome awesome.
  • JA
    John A.
    28 May 2020 @ 00:37
    Interviewer needs a different response to remarks he likes other than "awesome." Not everything is "awesome." Vocab 101.
    • AT
      Alun T.
      28 May 2020 @ 09:05
      Everything is awesome, when you're part of a team. Young man obviously living the dream.......
  • HR
    Howard R.
    28 May 2020 @ 08:17
    It's been said a few times below, and for good reason - such a great guest deserved a better prepared host.
  • JS
    John S.
    27 May 2020 @ 23:53
    Katusa's swap line 'risk' is just a marketing pitch that the likes of Ross and Rick Rule don't take seriously
    • BC
      Burton C.
      28 May 2020 @ 00:32
      Exactly, Katusa is just a self promotor, name dropper always trying to impress
    • BP
      Bryce P.
      28 May 2020 @ 07:20
      Not so fast my friend. I think there is a ton of merit to Katusa's thesis. I am a surprised Ross says he never even thought of this before Katusa mentioned it. Even I thought of this a couple yrs back and I'm a nobody. Swap lines or no swap lines when shit hits the fan just wait to what you see all governments do. Just wait!!!!!
  • PP
    Patrick P.
    28 May 2020 @ 01:41
    Ross Beatty is the Babe Ruth of mining ... One of the great business guys of this era. Today gold is the investment on everyone's mind. It is and IMO will be, a very hot topic for the foreseeable future. Now my question... whose idea was it to put this unprepared kid in front of this rock star? Very disrespectful.
    • BP
      Bryce P.
      28 May 2020 @ 07:15
      The young man did a decent job in the interview. You have to start some where to get experience just like Ross had to start some where. I'm sure interviewing a person like Ross also helped to add to the nerves Drew probably had. It's still always good hearing what Ross has to say no matter what. Hope Ross is back soon.
  • RB
    Raghav B.
    28 May 2020 @ 05:29
    Guys pls put marks on the itmes-scale earmarking the topics being discussed. Helps all viewers scroll to the topics they care for
  • BC
    Burton C.
    28 May 2020 @ 00:51
    My comments are intended to make Real Vision better and not to be unduly harsh, however I am ruled from my past as I am an old fighter pilot and back in the day our post mission debriefs were knock down-drag out brutal. So much as a bad radio call during the mission and one would be excoriated. We all became better pilots for it. Yes, I'm old school. This young buck interviewer needs to go or he needs to get his stuff together immediately. Clueless with no preparation. I go to all the mining conferences and Ross is a world class player. There is so much to extract from him for us Real Vision viewers...and they put this sub-B class high school league interviewer into the ring to interview him? Seriously? His mind is so vacuous that the ONLY thing he could respond with was "awesome-awesome". No follow-up questions as he didn't know anything to follow up with. Case in point, when the subject of the Escobal mine came up he should have been all over it asking questions of how long until it could get into production, will the company be able to acquire a social license? Etc. Ross addressed these, but our young interviewer would have never asked because he has no clue. The only qualification he claimed to have was that he knew two guys who worked in the office....Jeesh. Real Vision has such a great team of highly qualified people, even the up and comers, but this guy doesn't make the cut. I know this is harsh, but let's get real, you'll be better for it.
    • CA
      Chris A.
      28 May 2020 @ 05:04
      Real Vision has been pushed into a new operating model and is doing what they can to bring us as much content as possible under the largest economic dislocation many of us have ever seen. Clearly, in this case, the interviewer is stepping out of his comfort zone to try to bring us valuable information. He has room to improve of course, but I really appreciate the interview and I'm sure he'll learn from this and get better.
  • AB
    Alastair B.
    28 May 2020 @ 04:05
    “Governments are going to be starved of money, they are going to squeeze the lemon.....” thank you for this insight. The connection between stimulus and hiking taxes on foreign miners is worth keeping an eye on as we go forward, and is the major takeaway from this for me trying to balance exposure to miners and physical.
  • km
    ken m.
    28 May 2020 @ 02:37
    I am a very happy investor in all of Ross's companies and have been for a while. He is clearly a great operator - but much more important to me is his record of integrity, reliability, etc. going back many years.
  • JK
    Jason K.
    28 May 2020 @ 02:13
    Its hard to interview anyone so can empathize with Drew, but he could use some obvious help. Body language like continuously nodding and then the awesome x 2 needs to be addressed.
  • PP
    Patrick P.
    28 May 2020 @ 01:21
    Drew... you're a young guy just getting your feet wet... do yourself a favor and get rid of the word "awesome". If you don't quite understand why ... watch the video.
  • MH
    Michael H.
    28 May 2020 @ 01:17
    RV did a disservice to Mr. Beaty by having an unprepared interviewer with lousy questions.
  • RO
    Robert O.
    27 May 2020 @ 22:37
    On a day when gold does not move up and most of the miners are slightly down (XAU minus 0.21%), Pan American Silver (PAAS) is up 0.50%, Equinox Gold Corp (EQX) is up 5.20% and Lumina Gold Corp (LMGDF) is up 4.32%. It looks like Ross Beaty is even luckier than Mr. Lucky's Franco-Nevada Corp, which is down 2.05%.
  • Wl
    Will l.
    27 May 2020 @ 16:16
    Love Ross, but the interviewer was not awesome, and I think you could have gotten a lot more value out of this

Mark Yusko

Morgan Creek Capital Management, Co- Founder, CEO, & CIO

Mark Yuskois the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. He is also the Managing Partner of Morgan Creek Digital Assets. Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Prior to founding Morgan Creek, Mr. Yusko was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office.Mr. Yusko has been at the forefront of institutional investing throughout his career. An early investor in alternative asset classes at Notre Dame, he brought the Endowment Model of investing to UNC, which contributed to significant performance gains for the Endowment. The Endowment Model is the cornerstone philosophy of Morgan Creek, as is the mandate to Invest in Innovation. Mr. Yusko is again at the forefront of investing through Morgan Creek Digital Assets, which was formed in 2018. Morgan Creek Digital is an early stage investor in blockchain technology, digital currency and digital assets through the firm’s Venture Capital and Digital Asset Index Fund.Mr. Yusko received a BA with Honors from the University of Notre Dame and an MBA in Accounting and Finance from the University of Chicago.

Anthony Scaramucci

SkyBridge Capital, Founder & Co-Managing Partner

Prior to founding SkyBridge in 2005, Scaramucci co-founded investment partnership Oscar Capital Management, which was sold to Neuberger Berman, LLC in 2001. Earlier, he was a vice president in Private Wealth Management at Goldman Sachs & Co. In 2016, Scaramucci was ranked #85 in Worth Magazine’sPower 100: The 100 Most Powerful People in Global Finance. In 2011, he received Ernst & Young’s “Entrepreneur of the Year –New York” Award in the Financial Services category. Anthony is amember of the Council on Foreign Relations (CFR), vice chair of the Kennedy Center Corporate Fund Board, a board member of both The Brain Tumor Foundation and Business Executives for National Security (BENS), and a Trustee of the United States Olympic & Paralympic Foundation. He was a member of the New York City Financial Services Advisory Committee from 2007 to 2012. In November 2016, he was named to President-Elect Trump’s 16-person Presidential Transition Team Executive Committee. In June 2017, he wasnamed the Chief Strategy Officer of the EXIM Bank. He served as the White House Communications Director for a period in July 2017. Scaramucci, a native of Long Island, New York, holds a Bachelor of Arts degree in Economics from Tufts University and a Juris Doctor from Harvard Law School.

Michael Saylor

MicroStrategy, Co-Founder

Mr. Saylor is a technologist, entrepreneur, business executive, philanthropist, and best-selling author. He currently serves as Chairman of the Board of Directors and Chief Executive Office of MicroStrategy, Inc. (MSTR). Since co-founding the company at the age of 24, Mr. Saylor has built MicroStrategy into a global leader in business intelligence, mobile software, and cloud-based services. In 2012, he authoredThe Mobile Wave: How Mobile Intelligence Will Change Everything, which earned a spot onThe NewYork TimesBest Sellers list. Mr. Saylor attended the Massachusetts Institute of Technology, receiving an S.B. in Aeronautics and Astronautics and an S.B. in Science, Technology, and Society.

Alex Saunders

Nugget's News, Founder & CEO

Alex Saunders is the founder and CEO of Nugget’s News, a digital media company focused on all things crypto. Alex has been captivated by cryptocurrency since 2012 and in 2017 he began educating globally on the benefits of cryptocurrency and how to safely acquireit. Nugget’s News has been listed as a top-20 podcast by Business Insider, ShapeShift and Lifehacker and has over 120k YouTube subscribers with 9 million total views.Alex is also heavily focused on his cryptocurrency education platform Collective Shift which currently serves over 4,500 members. provides his unique perspectives by utilising his expertise in fundamental analysis, technical analysis and market sentiment. He is working towards his mission of making it easier for everyone to understand the financial world.

James Putra

TradeStation Crypto, Inc., Sr. Director of Product Strategy

James helped launch TradeStation Crypto’s offeringwhichutilizesa true online brokerage model that self-directed investors and traders have come to expect for equities, futures,and foreign currency markets. He is a reputed crypto asset specialist and blockchain thought leader focused on helping people find innovativeways to participate in this space. He is active in the blockchain community with speaking engagements, TV appearances and mentoring.James has over 15 years of experience in the Fintech industry.

Raoul Pal

Real Vision, Co-Founder & CEO

Raoul Pal is the Co-Founder and CEO of Real Vision, the world’s pre-eminent financial media platform, which helps members understand the complex world of finance, business, and the global economy. Real Vision members also have access to Real Vision Crypto, a cryptocurrency and digital assets video channelwatched by over 80,000 people.In addition, Raoul has been publishing Global Macro Investor since January 2005 to provide original, high quality, quantifiable and easily readable research for the global macro investment community hedge funds, family offices, pension funds and sovereign wealth funds. It draws on his considerable 31 years of experience in advising hedge funds and managing a global macro hedge fund. Global Macro Investor has one of the very best, proven track records of any newsletter in the industry, producing extremely positive returns in eight out of the last twelve years. He retired from managing client money at the age of 36 in 2004 and now lives in the tiny Caribbean island of Little Cayman in the Cayman Islands. Previously he co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul moved to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe. In this role, Raoul established strong relationships with many of the world’s pre-eminent hedge funds, learning from their styles and experiences. Other stop-off points on the way were NatWest Markets and HSBC, although hebegan his career by training traders in technical analysis.

Peter McCormack

What Bitcoin Did, Journalist

Peter McCormack is a full timejournalist/podcaster covering topics such as Freedom, Human Rights, Censorship and Bitcoin. Peter created and hosts the What Bitcoin Did Podcast, a twice-weekly Bitcoin podcast where he interviews experts in the world of Bitcoin development, privacy, investment and adoption. Launched in November of 2017, the podcast has grown to over 100 episodes with a guest list that is a testament to the diversity of knowledge and opinions that represent the broader Bitcoin community. Expanding his growing list of humaninterest recordings, documentaries and films Peter has recently launched theDefiancepodcast andDefianceTV.

Caitlin Long

Avanti Financial Group, Founder & CEO

22-year Wall Street veteran who has been active in bitcoin and blockchain since 2012. In 2018-20 she led the charge to make her native state of Wyoming an oasis for blockchain companies in the US, where she helped Wyoming enact 20 blockchain-enabling laws. From 2016-18 she jointly spearheaded a blockchain project for delivering market index data to Vanguard as chairman and president of Symbiont, an enterprise blockchain start-up. Caitlin ran Morgan Stanley’s pension solutions business (2007-2016), heldsenior roles at Credit Suisse (1997-2007) and began her career at Salomon Brothers (1994-1997). She is a graduate of Harvard Law School (JD, 1994), the Kennedy School of Government (MPP, 1994) and the University of Wyoming (BA, 1990).

Hunter Horsley

Bitwise Asset Management, CEO

Hunter Horsley is Chief Executive Officer of Bitwise Asset Management. Prior to Bitwise, he was a product manager at Facebook, working on advertiser products including the multibillion-dollar sponsored content ecosystem and ad breaks in videos. Before Facebook, Horlsey was a product manager at Instagram, responsible for multiple advertising products generating several hundred million dollars of revenue. He is a graduate of the Wharton School at the University of Pennsylvania, with a B.S. in economics. Recently, Horsley was named a member of Forbes’ 2019 “30 Under 30” list.

Luke Gromen

Forest For The Trees, Founder & President

Luke Gromen has 25 years of experience in equity research, equity research sales, and as a macro/thematic analyst.He is the founder and president of macro/thematic research firm FFTT, LLC, which he founded in early 2014 to address and leverage the opportunity he saw created by applying what clientsand former colleagues consistently described as a “unique ability to connect the dots” during a time when he saw an increasing “silo-ing” of perspectives occurring on Wall Street and in corporate America.FFTT caters to institutions and sophisticated individuals by aggregating a wide variety of macroeconomic, thematic and sector trends in an unconventional manner to identify investable developing economic bottlenecks for his clients.Prior to founding FFTT, Luke was a founding partner of Cleveland Research Company, where he worked from 2006-14.At CRC, Luke worked in sales and edited CRC’s flagship weekly thematic research summary piece (“Straight from the Source”)for the firm’s clients.Prior to that,Luke was a partner at Midwest Research, where he worked in equity research and sales from 1996-2006.While in sales, Luke was a founding editor of Midwest’s widely-read weekly thematic summary (“Heard in the Midwest”) for the firm’s clients, in whichhe aggregated and combined proprietary research from Midwest with inputs from other sources.Luke Gromen holds a BBA in Finance and Accounting from the University of Cincinnati and received his MBA from Case Western Reserve University.He earned the CFA designation in 2003.

Meltem Demirors

CoinShares, Chief Strategy Officer

Meltem Demirors is Chief Strategy Officer of CoinShares, an investment firm that manages billions in assets on behalf of a global investor base, and is a trusted partner to investors and entrepreneurs navigating the digital asset ecosystem. Meltemoversees the firm’s managed strategies group and its New York office and leads corporate development. Previously, she was part of the founding team of Digital Currency Group. As a veteran investor in the digital currency space, she has invested in over 250 companies in the ecosystem. Meltem is passionate about education and advocacy, and teaches the Oxford Blockchain Strategy Programme and co-chairs the WEF Cryptocurrency Council.