The Gold Currency Connection and Using Options to Trade Gold – Live with Alexander Campbell

Published on
August 17th, 2020
Duration
51 minutes

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The Gold Currency Connection and Using Options to Trade Gold – Live with Alexander Campbell

Live ·
Featuring Alexander Campbell

Published on: August 17th, 2020 • Duration: 51 minutes

When it comes to gold and other precious metals, macro runs the show. In essence, attempting to trade these assets without a solid understanding of the different macroeconomic factors that drive price, would be like trying to perform an operation without understanding how the human body works. It simply cannot be done. For this reason, it is paramount that you formulate a profound framework for what is going on in the world, and how it may impact your investment. In this week’s segment of Real Vision Live, we’ve invited someone who not only studies this with surgical precision, but recently made a home run call on owning gold in Chinese Yuan. Alexander Campbell, founder of Black Snow Capital will be sitting down with Max Wiethe to provide a historical foundation for what moves gold from a macro perspective, his tactical outlook on the space, and an up close look at his winning thesis. Alexander's chart deck: https://rvtv.io/3gahG7b

Comments

Transcript

  • MM
    MARTIN M.
    18 August 2020 @ 23:41
    Max keeps making this statement that Buffett is buying a stock in Barrick, as opposed to a position in gold... Of course, by definition, he's correct, but the correlation? If Buffett's not bullish gold, first and foremost, I seriously doubt (small sizing notwithstanding) he makes a bet on Barrick...
    • MW
      Max W. | Real Vision
      19 August 2020 @ 00:38
      Just my take that reading macro views (especially your own) into a fundamental investor is in general not the best way to go and that the numbers just don’t add up to the way people have interpreted the buy. I’m not saying he’s bearish either.
    • SW
      Stephen W.
      22 August 2020 @ 21:03
      Buffett doesn't like gold an investment but I suppose he can appreciate people are going to buy it (rightly or wrongly) so might as well have the mine. Doesn't mean he's going to go out and buy bars. I can see how this can be turned as 'Buffett has changed his mind about gold', I think it's a little bit like buying the picks and shovels etc.
  • RK
    Roger K.
    20 August 2020 @ 18:56
    One thing to note when you do interviews going forward generally is : please pay attention to the echos of closed up spaces.
  • PM
    Paul M.
    19 August 2020 @ 19:19
    Don't but puts? What? :))) Why the hell not? So what's the track record for this option hero?
    • PM
      Paul M.
      19 August 2020 @ 19:19
      Buy
  • PG
    Philippe G.
    19 August 2020 @ 17:05
    Excellent conversation!
  • TB
    Thomas B.
    19 August 2020 @ 15:16
    Max, I'll leave the journalistic critique to others, it's tough doing any job in public, but I really enjoyed Alex's thoughts and his straight forward answers on gold. Hope RV continues and builds on the tradition of direct questions and guests with direct/concrete answers; vague answers aren't useful to the viewer. I thought Alex did a great job.
    • MW
      Max W. | Real Vision
      19 August 2020 @ 16:37
      I agree that it is great to get concrete answers but I'd also add that a true sign of subject matter expertise is the answer "well that depends". Being told that something which is very complicated and nuanced is super simple and boils down to XYX may help with your confidence but not your true understanding.
  • km
    kenneth m.
    19 August 2020 @ 03:12
    Excellent discussion which shows the strength of RV. Real examples from people who are actually struggling with these markets in real time where both successes and failures are discussed. Appreciated the awareness of retail people with a bit more explanation of how we might construct similar strategies, as well.
  • LH
    Lik H.
    18 August 2020 @ 23:27
    Not sure whether it is just me - I downloaded the audio track twice - but only get half of it as it cut off around 25-min.
    • MW
      Max W. | Real Vision
      19 August 2020 @ 00:40
      I just reuploded. Give it another try.
  • MM
    MARTIN M.
    18 August 2020 @ 23:53
    Adding to my comment below... My thoughts on his view of Buffett's play aside, I think Max is very sharp and thoughtful. A true RealVision asset...
    • MW
      Max W. | Real Vision
      19 August 2020 @ 00:38
      Read no disrespect from your comment. I welcome all perspectives. Thanks for the kind words.
  • SG
    Steve G.
    19 August 2020 @ 00:09
    Enjoyed this interview a lot. Alexander has a bunch of ideas and examples I had not heard before. He also gave some counter arguments to the gold and silver bull theory which was nice for a change.
  • MS
    Mike S.
    18 August 2020 @ 22:59
    Max, typically brilliant in most of your interviews. However, save such guests opinions (and your views) on geopolitical conflagration for the pub and leave that to the experts—stick to your strengths. That segment of the interview was cringeworthy.
    • MW
      Max W. | Real Vision
      18 August 2020 @ 23:06
      Thanks for the feedback Mike, duly noted.