Comments
Transcript
-
ACAwesome :)
-
ESThese two men are fantastic. They need to do this quarterly.
-
PEKiril asks the best questions. Great interview!
-
YTKiril: "The German general staff was great; they had contingency plans for every possibility." No. They certainly didn't have one for winter. :) I could go on, but that alone was huge.
-
wjHe is great. But Franco has a lot of risk. As Katusia has stated Franco has 40% of streams in none dollar swap countries where confiscations of mines are very real.
-
RMPremiums on semi-numismatic coins also cycle. April-May of last year the premium above the melt value dropped to a very modest amount. Since then they have risen significantly.
-
GSOne thing that strikes me after watching this interview for the second time is that Pierre appears to be an excellent listener. Watch him as Kiril is talking. Almost all successful people have the trait of being excellent listeners.
-
JVAmazing stuff. Very inspirational story. Great point to think about some business models containing embedded or “free” optionality.. options are well understood and priced in financial markets, but not necessarily in other places. And as an extra bonus Kirill talks like christopher walken (or the other way around!)
-
JLFantastic! Some risk presently with the energy part of the portfolio.
-
APGem of an interview with Pierre Lassonde humble, disarming and forthcoming on his views. I'm surprised a little that Kiril didn't play devil's advocate, in his genial way, on GLD given skepticism versus physical he has voiced in the past - if we're expecting supply chain disruption generally, then gold wouldn't be an exception and then the dynamics of the spread between physical and paper gold would bear examination I'm also curious on the seasonality Pierre alluded to, and why gold generally under-performs into July. Also some thoughts on the election in this extraordinary year (and the election years in general) and how gold generally does in these times would have been worth hearing.
-
KIFNV is a stock to watch closely. It started the year at 103, hit a peak of 122 in February, then dropped during the March margin liquidation phase into the 90s, 80s and even intraday to 77. If u were lucky smart and brave enough to buy it, you’d be sitting on big gains when it moved back up to 120s a month later. good Companies do go on sale sometimes.
-
CSAbsolutely fantastic. Love all of Sokoloff's interviews. Keep them coming. One questions that I was left with: On the subject of confiscation. the view expressed was that it would be a low probability event in the US given (a) the width and depth of the market nowadays as opposed to when FDR did it, and (b) that then the USD was at threat. But, isn't that exactly what is building in the background now? Piere mentions it only a little earlier that China and Russia could be looking at creating a new reserve currency backed by gold. So my reading is that this risk (confiscation) is a function of the speed or likelihood of a new reserve currency challenging fiat USD.
-
CWGreat interview with brilliant insights! I have a question. Why didn't the sellers of the royalties price in the optionalities? They are not amateurs in the business, are they?
-
PBVery interesting discussion, but shame not more on the title "the most powerful business model ever created". Rare opportunity to hear and understand this better from the founder
-
JCHe seemed to have indicated that Franco-Nevada was previously listed, then got privatised, and then returned to public market in 2007. What was the rationale for privatising first time around?
-
MSLove how Lassonde gives a politician's answer on speculation that China may have more gold than they say they do. From a guy high up in the leadership of the World Gold Council, I'll assume that's a "Yes, they have way more gold than they say."
-
NRThis interview is solid Gold.
-
JAplease, add the date of recording to all videos
-
MTGreat interview. Relevant and insightful. Thanks.
-
BSWhat is the theory in comparing DOW to GOLD ratio... I mean, gold is something that has limited supply and doesn't create any wealth and DOW is index composed of companies producing profit, therefore create wealth. Isn't it logical for the gap to widen?
-
CGBest Gold Interview EVER
-
MEExcellent. Two man with great report cards.
-
RCThe best evidence bitcoin, not gold is the comments these gentleman make about just in time inventory and how that idea is under serious threat for everything AND affects even their own gold market. e.g. 100 oz vs 400 oz, social distancing affecting physical movement, grounded aircraft affects not only existing bars but ability for miners, smelters to get gold out of Africa, etc. one might as well ask Wells Fargo to get their stagecoaches out of storage to help transport this stuff. Just in time physical inventory for store of value?! What a joke. One can transfer $10M in bitcoin in seconds, no phone calls, no metal assayers, no security guards, no kerosene fueled aircraft - trustlessly. In one month, bitcoin and gold will have virtually the same stock to flow ratio as a measure of scarcity. Two great guys but when the Millennials to Gen Z ‘s get their boomer parents wealth transfer, it will become MOIP Money Over IP (Dan Morehead quote) not investment in the time and space wasting storage and mining of gold.
-
ATNot sure people are scared by mass surveillance. Look at the worldwide responses to the coronavirus: most people are more than willing to accept a fascist police state blindly and to snitch on their neighbours because they dare to go outside. Same with privacy violations: "If you have nothing to hide, you don't need privacy!"
-
MdThis is yet another fantastic interview from Kiril, what an absolute legend - I mean where else can you get access to such open dialogue from the founder of one of the words largest gold allocators! I love RV.
-
TMPLEASE add the interview date to all videos. We don’t care if it takes a while to publish for whatever reason, but when talking about markets and timing in relative terms, it is vital to know the original recording date. Example, gold was cited in the interview to be at 1500 to 1650 over the short term. It sounded like he was talking about it going up to these levels, but it is currently at 1765. So was he talking about lower prices in the short term? Or, was this recording made a while back? Add the date, please!!
-
SSI would suggest doing homework on Bill Gates. Coming to light some very disturbing facts.
-
JOSuperb interview, enlightening. Only quibble is I won't store any bullion in a bank safe deposit box. The banking system is the main risk against which I'm buying gold. Not just the central bank's war on savers or the risk of bank failure (they're destroying the currencies to keep the banks whole, in preference to letting any fail). But as agents of financial repression, the war on cash, trapping all wealth in the banking system, reduced privacy, some banks have already ruled you may not store bullion in your deposit box, and the risk that you won't be able to get to your deposit box if the banks are temporarily closed while the government imposes bail-ins, negative rates and other taxes.
-
PBI own NST & SAR on the ASX...10% Portfolio
-
PLWhy Pierre Lassonde sold 16M$ of his share (26 March 2020)? Share too expensive?
-
HvThanks Raoul, for making this Essential. Fantastic depth, wide-ranging and timely.
-
ELHi Julie! (the painting)
-
RMBatteries are good enough for dense metropolitan areas and suburbs today. People only drive locally to shop, commute or visit friends. They probably drive much less than 40 miles/day. Any e car with more than 150 mi range will be practical even if it is reduced by 50% in the winter. Problem today is up front cost.
-
RJCan we get a list of Kiril’s library!
-
HURewatching, of course!
-
PMAwesome interview by two of the greatest. Only thing I don't agree with with what Lassonde said is that seasonality will likely be an issue in 2020. I think he may have spoken too quickly there - maybe. There is no way, in my view, that the forces no-to-negative interest rates plus huge budget deficits and helicopter money, and add to that the positive/negative impact of supply chain disruptions in precious metals (no sure of this impact and massive economic disruption globally, in combination are not going to fully outweigh any seasonality to the gold price! He did rightly sight all those issues and stated massive gold gains in next 2 to 5 years based on many of these issues...but no way seasonality can have that strong an effect so as to counter all these massive changes. He certainly has more experience than me in this market, but I just can't logically see that.
-
ECOne of the best interview EVER...
-
TNThanks for sharing the great insights. Pierre, your track record has been amazing.
-
PBMassive thanks for this high quality conversation Kiril and Pierre! I am already invested in FNV for a while and I am excited to see what the future holds!
-
PUPlease please please please please GIVE US THE DATE OF THE INTERVIEW!!!!
-
BBExcellent interview, with poise and compassion, thank you gentlemen. I must say, though, I would welcome some scepticism on Bill Gates, the guy seems to be having the time of his life right now, smiling and smirking in his interviews. It is instructive to see his recent BBC interview.. and the comments below.
-
MCWish I was half as smart as these guys. Thanks RV.
-
WMjust a great discussion! Thanks gentlemen!
-
SS20 Billion Market Cap with 28 employees? That is a great business model that I've only possibly seen in software companies i.e. Instagram sold for 1 billion with only 13 employees.
-
JA10/10 !
-
BSI could just watch the intro for hours and be entertained Who is this artistic genius? Oh, and great interview... More Kiril please.
-
BHFirst question in interviewing any CEO should be, “how much of your net worth is in the company you steward?”
-
SSCam someone please explain to me something that I have wondered for years. Kiril is deaf, I understand he can lip read which is effective face-to-face, but how on earth is he able to lip-read via video-conferencing like in this interview? Totally amazed.
-
SPWhere do downloads appear on IOS? Audio
-
GTThe comments are great! I wish I was able to check the age of everyone. Generation gap - Gold vs digital currency (BTC).
-
MCA great, insightful interview. I totally agree with the potential in gold mining stock. What would be the best way to play that? Something a little better than a plain GDX ETF? or Junior gold miners? I'd really appreciate a couple of ideas!
-
PTHow can anyone trust that the governments actually have as much gold as they say they do ? This is the ultimate problem it's one of trust. Which is why BTC will be implemented .Its does not require trust, it is trust.
-
DDThis was just fantastic! Two highly intelligent, wise sages providing brilliant insight. Thank you Gentlemen.
-
SSThank you, for your common sense views on gold, and not a religious speech , rare!
-
AOWhat people are learning is that there are a lot more resources around than they could ever imagine and they will demand to have more of them made available
-
PCGreat interview! Any investment ideas regarding junior miners?
-
jeworth an annual subscription to be a fly on the wall for this (and many other) conversation. Just terrific wisdom from both gentlemen. TY RVTV
-
ATThere is nothing wrong with the gold (and silver) "market". https://www.amazon.com/Gold-Cartel-Government-Intervention-Bubble-ebook/dp/B00EQ95NPI/ref=sr_1_1?dchild=1&keywords=gold+cartel&qid=1586803737&sr=8-1
-
AmWhen was this interview conducted?
-
NLI have a question - so if historically the price of gold has gone up during hard economic times such as the great depression, and you think that gold might level off for a few months and then "skyrocket," I think you think that we are in a period of stagnation and then the economy will collapse? What makes this different from the great depression where gold increased...but maybe not to levels suggested that they might increase to in the near future?
-
VSGreat interview! Dire but thought-provoking take by Kiril Sokoloff, as always. I think one of the wrong lessons learnt could be preparing for the next pandemic, rather than for the next crisis. If something happens to the technology (i.e global cyber attack that shuts down the internet) the damage will be incomparable, and even greater now with this 'accelerated adoption'. The world should be ready to 'go offline', as it is to 'go online' in key activities. Things do mean-revert after all:)
-
AKGold standard does not work. I actually started laughing 50 minutes in when they said "think we will have a Chinese gold backed currency" How would you convert the currency to gold? have it sent from China? How would you know they actually had all the gold that they claim they have? What if they freeze you account? what if they censor you transaction? Gold only works if you hold it yourself, and in a digital world its physical attributes are a direct negative. This is where Bitcoin enters the game. I feel very calm, the market will decide, but to see two people as intelligent as Kiril and Pierre not see the absurdity in claiming the world will use a Chinese backed gold token is just weird to me.
-
bpbiggest holding in the fund I run and has been for some time :)
-
LSDid Kiril mention Quid Pro Joe as a unifier again here? LOL, j/k
-
JMI don't think gold confiscation is a risk (although it's a historic reality). If gold goes to $20,000/oz maybe there will be a 'gold tax' . This too depends on whether politicians own lots of gold or not.
-
ALI was planning on buying $FNV 5.15 $135/$145 Call spreads based on this interview..... waited way too long to pull the trigger but was a perfect entry.
-
skthis was really good.. thank you guys..
-
RLExtraordinary interview. Thank you
-
NGWhat was the date this interview was conducted??
-
IONumbers that used to be reserved for astronomy. Haa
-
PJIf your interested in Royalty Streaming companies and find FNV a bit expensive then the new kids on the block are Sandstorm (SSL), well worth a look IMO.
-
HCwhat a great guy! great interview
-
PVThis is great. Incredible that cnbc is not bankrupt already, realvision is the future..
-
STSimply great to listen to these two gentlemen - tons of insight and good advice - thank you
-
BGJust magnificient!!
-
BGI always appreciate listening to people with vast experience and education in a subject. Definitely worth the watch.
-
RWTo legends speaking speaking sensibly fantastic
-
BFGREAT INTERVIEW MR SOKOLOFF!! MR LASSONDE IS A VERY EDUCATED GENTLEMAN!! STRAIGHT TO THE POINT AND STRAIGHT UP ANSWERS!! THANK YOU GUYS!!