Gold – Frank Giustra

Featuring Frank Giustra

Gold Corp was just the start for Frank Giustra who has since created many mining, metals, oil and gas companies. He shares his thinking behind how he selects his deals and what buy signals to look out for.

Published on
9 August, 2016
Topic
Hard Commodities, Gold, Global Outlook
Duration
36 minutes
Asset class
Commodities, Equities
Rating
21

Comments

  • DS

    Darryl S.

    17 5 2018 10:01

    0       0

    Place marker here. This conversation (and Giustra) will become important in the coming months. I will be fascinated to revisit it in due course.

  • dm

    dan m.

    17 12 2016 15:39

    0       2

    Wear an undershirt dude

  • dm

    dan m.

    17 12 2016 15:28

    1       0

    so this is Bubba's pal

  • HJ

    Harry J.

    24 10 2016 15:02

    1       1

    Tell me about his political involvement with Hillary. Did he broker the sale of American uranium deposits to Russia?

  • JH

    John H.

    24 10 2016 01:44

    0       0

    Holy Crap, that was interesting. Grant was asking about gold mining management understanding macro! And Frank's reaction was: "dude, they are busy enough with managing the business. you expect them to stick their necks out on the macro play?" not gonna happen in a major way. so, as investors, that's our job: picking the miners who "get it" and want their stock to enjoy the full "beta" to the gold price.
    I LOVE picking individual miners, but I also love CEF and JNUG. If my rich aunt asked me how to invest that is what I would tell her: 66% CEF and 33% JNUG. the rest is for those (myself included) who have the interest, bandwidth, capital, and constitution for individual names. Full stop.

  • BG

    Brandon G.

    11 9 2016 06:05

    0       0

    I would also like to add, Frank Giustra has recently started his own gold exploration company in a joint venture with Brian Paes Braga. Website is www.fioreexploration.com.

  • BG

    Brandon G.

    11 9 2016 06:01

    5       0

    I have both of the papers Frank wrote in the early 2000s:

    The Good, The Bad, The Ugly
    http://puu.sh/r7d64/b9214e6f98.docx

    A Tarnished Dollar Will Put a Shine On Gold
    http://puu.sh/r7d7z/101967f26a.docx

    In case anyone is interested.

  • ml

    michael l.

    27 8 2016 02:09

    2       0

    I haven't watched Clinton Cash and am not a Clinton fan (not that anyone cares), but took Frank in this interview at face value...and found his thinking very tight and well-reasoned, and found him to be very level-headed. This was an excellent interview and I'd like to see Frank back more often. Well worth the time.

  • de

    dale e.

    23 8 2016 22:56

    0       0

    Excellent. He covered all the bases. Would like to here more from him.

  • DF

    Dominic F.

    22 8 2016 14:14

    0       0

    Just like the coach of a terrible football team that needs to show confidence, especially in the media. Either the team gets better or he loses his job. It just takes time ;-)

  • AO

    Aram O.

    17 8 2016 19:36

    0       1

    OK Jazz enthusiasts. Could anyone tell me what piece is playing at the beginning of GOLD series videos? Please help me! I could listen to this for hours. Other than that, great interview! Blame the Clintons, not this guy. In a pay-to-play, you have to pay, sad as it is...

  • VP

    Vincent P.

    17 8 2016 17:38

    0       0

    Very well balanced gold interview. Not far over the top like many others seem to be. Definitely sense from him, the same frustration most of have and we know what that is.....#@%&@!!!

  • JM

    Justin M.

    13 8 2016 08:45

    2       4

    HAHAHA, talk about preaching to the choir. This guy clearly has an impressive background, but hes spitting back all of the same tired datapoints that us PM enthusiasts have seen repeatedly over the past 4 years.

  • JV

    Jens V.

    10 8 2016 10:38

    6       0

    Another great interview, thanks. I would like to have links to the reports that Frank has written about gold and the markets in general, if possible.
    The one from 2001 that he mentions would also be interesting to read, to see what his arguments were back then. They're probably still fully valid.

  • JC

    John C.

    10 8 2016 06:51

    1       1

    One more thing...he said he's not a 'stock picker' but from the interview he seemed to be focused on gold stocks (Barrick, Newmont, etc.) so it would have been good to hear how he plans on playing gold going forward...assume it's not in paper ETFs of course but will it be large caps, juniors, physical etc. (assume a combination of all of them right?). Thx

  • JC

    John C.

    10 8 2016 06:49

    2       0

    Great interview for sure. Unfortunately, 'keeping the politics out of the markets' isn't feasible anymore (if it ever was). One thing I know from living in emerging market countries is that sooner or later you're going to have to play ball at least at some level with government stooges or else you'll never get anything done. Sad to hear about his connection to the Clinton Foundation but that tangled web might be as bad as the GS squid....

  • TM

    Thomas M.

    10 8 2016 02:15

    6       0

    Would like to hear about different companies for the retail investor. Not stock recommendations but companies you can research and follow for yourself in the gold space. I think it would help, in my humble opinion.

  • DL

    Derek L.

    9 8 2016 23:48

    1       0

    Really enjoyed this. Grim predictions from Frank but I think he is right on.
    Laughed when Grant said tongue-in-cheek "We've all been there" when Frank recounted retiring rich before 40 because he did not want to do it anymore....don't think Frank even heard him. Great interview.

  • CC

    Charnes C.

    9 8 2016 21:08

    0       0

    Crazy

  • CC

    Charnes C.

    9 8 2016 21:08

    0       1

    Glad to know I'm not 5

  • JV

    JP V.

    9 8 2016 20:41

    1       0

    Just 1 word : Bravo !!
    How I would like to sit down with this guy and have a chat, you can't imagine

  • JM

    James M.

    9 8 2016 17:04

    7       0

    Nice to see a recently filmed piece and a great interview. Hope the filmed to published gap continues to close.

  • HJ

    Harry J.

    9 8 2016 16:39

    2       0

    Good information very helpful

  • GT

    Graham T.

    9 8 2016 14:29

    5       0

    Loved his comment about the Giant Squid. Muppets of the world unite and close your Goldman Sachs account.

  • FG

    Frank G.

    9 8 2016 12:12

    1       0

    Absolutely fantastic!

  • JB

    Jenny B.

    9 8 2016 10:52

    1       0

    Excellent interview!

  • YW

    Ying-chi W.

    9 8 2016 08:18

    1       0

    Great !

  • A1

    Animal 1.

    9 8 2016 07:14

    2       0

    Great interview. Thank you both! Any thought on Colombia's government approach to mining? Great stock announcing earnings on Friday GCM.TO

  • TK

    Theo K.

    9 8 2016 06:14

    4       1

    What about gold getting confiscated? Nobody says a thing about this.

  • TH

    Timo H.

    9 8 2016 05:02

    1       0

    Pure common sense, which unfortunately is not that common nowadays.

  • CW

    Chad W.

    9 8 2016 02:34

    2       0

    Great interview!

  • M

    Mark .

    9 8 2016 00:14

    3       0

    How can you argue with any of that?

  • SS

    Sam S.

    8 8 2016 23:59

    3       0

    Felt like I was there listening to friends telling it like it is. Sweet. Thanks guys!

  • GW

    Grant W.

    8 8 2016 23:36

    20       1

    This interview was about Frank's enormous expertise in the mining sector - the rest of it was irrelevant in the context of the discussion. Frank graciously agreed to share that expertise with a group of people more interested in learning from his vast experience in mining and investment than having a highly-polarized political debate. So much to take away from this. @Dale H Brent's interview is in the library so search for his name and you'll find a chat he and I had at PDAC last March

  • wl

    whalen l.

    8 8 2016 21:54

    2       0

    by far the best interview that i listened to.

    whalen lou

  • DH

    Dale H.

    8 8 2016 21:26

    11       2

    I enjoyed this interview with Frank. Agree with Catherine. Comments about anyone without 100% verified evidence are a waste of time. Frank is a great source of information on this topic. I have seen other great interviews with him too. The proof of this for me is my Aussie portfolio of gold miners and one Canadian miner. 200% so far since January. I'm looking hard at explorers. I think you need a geologist by your side for that. Maybe RV could interview Brent Cook?

  • PD

    Philip D.

    8 8 2016 21:05

    1       0

    Indiana Jones. lol!

  • CZ

    Catherine Z.

    8 8 2016 20:00

    35       7

    C’mon… let’s not use this forum to discuss completely unrelated allegations related to Clinton that are agenda-driven and made in the midst of a vicious political campaign. This was a stellar interview that provided some of the most valuable insights on gold and the mining industry that I have ever heard. Really brilliant. Sincere thanks to Mr Giustra and Grant.

  • fc

    frank c.

    8 8 2016 19:44

    14       0

    always surprised how the open interest in the futures market doesn't come up....its whats sets the price and right now we are at an historic level. The "commercials" are at a record paper loss, whats going to change? They will do everything in there power to create more paper to hammer the price down, with billions worth of paper representing staggering underlying ounces. I just feel it is not being addressed enough or not at all even. However if the commercials will get squeezed one will see Gold prices that are unimaginable. I really would like to see an interview related to this subject, I'll ask Milton

  • JV

    JACK V.

    8 8 2016 19:00

    35       13

    Interesting guy. Too bad about his relationship with the Clinton Foundation though....casts a shadow over everything he says/does.

  • db

    don b.

    8 8 2016 17:49

    13       1

    The highlight of this interview is Grant asking the question of whether mining companies realize how much power they hold in the producing of the only real money gold & silver .

  • RT

    Rune T.

    8 8 2016 17:08

    19       5

    After watching the whole Clinton Cash thing one has to wonder about Frank and a few others... success at what cost?