An interesting interview- thank you. Frank's take on a number of themes come across as well informed and credible. The discussion on the 3 reasons for non performance of junior miners was right on the button. It would have been good to hear more on whether and how this will change. My view is that perhaps it won't. Unless a company becomes a target for a company takeover. Cash flow alone doesn't seem to move the needle any more. Perhaps, the commodity alone (with it's slow and steady assent) is the better play for the average investor rather than having to deal with all the other potential landmines associated with a mining company. Living with smaller upside is certainly more comfortable than these 50% declines that seem to happen all too easy in this game.
It was welcome to see Frank being more open regards Bitcoin than previously. Fair play to him considering he has been so focused on the metals. Perhaps he's read Saifedean Ammous also. I would push back on the comments on BTC being purely a risk asset. I think the turmoil of the past days showed an interesting development. Bitcoin held up much better than anything else bar treasuries. Better than gold. It's uncorrelated to the financial system and should act as such. I think it will ultimately morph into that. It hasn't until now. Will we look back at the events of the events of the last few days and see that as the point when it started to act like an uncorrelated asset?
Very informative and stimulating conversation, and to Frank's point about getting to anything approaching the truth, takes some real work. Thanks guys!!
Thanks, I really enjoyed the talks. I hope to ride this out in northern Canada, but we also have been looking at Argentina for a backup. But damn that flight, and the language barrier. I'm off to research Premium, thanks Mr. Giustra!
Fine. Take a risk. As i said, I have no problem with Bitcoin “aspiring” to be like gold. But that’s speculation. I am not OK with what Saylor says which is beyond ridiculous. He is doing the bitcoin crowd a disservice. IMO
You misunderstood me. Never said that. I am a big backer of many junior companies. I said there are too many with terrible prospects that just burn a lot of overhead
I did believe Trump was against war. That's what he spoke about for the past few years yet now his actions are showing otherwise. His bombing of Yemen and his sending bombs and billions of dollars to Israel and supporting Israel to continue their genocide against Gaza. Thank you for speaking to the truth about what's really happening and how Israel/AIPAC is controlling the US.
Bitcoin - I think you need to take into consideration that we are moving to a digital and robotic world. Things hold value because of what humans think they are worth. Your house is only worth what someone is willing to pay for it. Same with gold or bitcoin. You are coming from a physical asset mindset. This new generation is thinking with a digital mindset. The key here is to get them to buy into or transform their thinking into digital investing. That is the gamble Michael is taking.
That's a fair point Thomas. I'd add the question; in the coming AI wave what will AI agents or whatever the name will be expect payment in? It's not going to be in gold coins and unlikely to be in gold on a blockchain (assuming this gets off the ground). It could be a stable coin although their reasoning will likely steer to them to Bitcoin due to it's scarcity, deflationary nature and decentralised set-up. No bank account needed. Don't get me wrong- I'm a fan of gold and love gold coins. But, I'm just doubtful AI will think the same.
I think it is interesting that Frank, a "Rich" guy, says we need to get rid of Jr. Business mining companies as a solution, which means people will lose jobs and reinforce more prominent or larger companies as kings. Yet he criticizes Trump's economic policies benefiting the "rich".
Yes
Why is Frank involved in Colombia, what is his gain there...sounds fishy
He is wrong on how the sphere of influence play out : there is only 2 items in the menu hamburgers or chicken lomein. Full stop.
Frank, the Bew Zealand phyle will warmly welcome you!
An interesting interview- thank you. Frank's take on a number of themes come across as well informed and credible. The discussion on the 3 reasons for non performance of junior miners was right on the button. It would have been good to hear more on whether and how this will change. My view is that perhaps it won't. Unless a company becomes a target for a company takeover. Cash flow alone doesn't seem to move the needle any more. Perhaps, the commodity alone (with it's slow and steady assent) is the better play for the average investor rather than having to deal with all the other potential landmines associated with a mining company. Living with smaller upside is certainly more comfortable than these 50% declines that seem to happen all too easy in this game.
It was welcome to see Frank being more open regards Bitcoin than previously. Fair play to him considering he has been so focused on the metals. Perhaps he's read Saifedean Ammous also. I would push back on the comments on BTC being purely a risk asset. I think the turmoil of the past days showed an interesting development. Bitcoin held up much better than anything else bar treasuries. Better than gold. It's uncorrelated to the financial system and should act as such. I think it will ultimately morph into that. It hasn't until now. Will we look back at the events of the events of the last few days and see that as the point when it started to act like an uncorrelated asset?
First time coming to this channel and hearing Frank. I enjoyed the conversation and much of his perspectives.
Very informative and stimulating conversation, and to Frank's point about getting to anything approaching the truth, takes some real work. Thanks guys!!
Thanks, I really enjoyed the talks. I hope to ride this out in northern Canada, but we also have been looking at Argentina for a backup. But damn that flight, and the language barrier. I'm off to research Premium, thanks Mr. Giustra!
Wow— fabulous interview, as promised..Always learn from you , Doug, Matt and Frank. Thank you all!
Thanks
Fine. Take a risk. As i said, I have no problem with Bitcoin “aspiring” to be like gold. But that’s speculation. I am not OK with what Saylor says which is beyond ridiculous. He is doing the bitcoin crowd a disservice. IMO
You misunderstood me. Never said that. I am a big backer of many junior companies. I said there are too many with terrible prospects that just burn a lot of overhead
I did believe Trump was against war. That's what he spoke about for the past few years yet now his actions are showing otherwise. His bombing of Yemen and his sending bombs and billions of dollars to Israel and supporting Israel to continue their genocide against Gaza. Thank you for speaking to the truth about what's really happening and how Israel/AIPAC is controlling the US.
Bitcoin - I think you need to take into consideration that we are moving to a digital and robotic world. Things hold value because of what humans think they are worth. Your house is only worth what someone is willing to pay for it. Same with gold or bitcoin. You are coming from a physical asset mindset. This new generation is thinking with a digital mindset. The key here is to get them to buy into or transform their thinking into digital investing. That is the gamble Michael is taking.
That's a fair point Thomas. I'd add the question; in the coming AI wave what will AI agents or whatever the name will be expect payment in? It's not going to be in gold coins and unlikely to be in gold on a blockchain (assuming this gets off the ground). It could be a stable coin although their reasoning will likely steer to them to Bitcoin due to it's scarcity, deflationary nature and decentralised set-up. No bank account needed. Don't get me wrong- I'm a fan of gold and love gold coins. But, I'm just doubtful AI will think the same.
I think it is interesting that Frank, a "Rich" guy, says we need to get rid of Jr. Business mining companies as a solution, which means people will lose jobs and reinforce more prominent or larger companies as kings. Yet he criticizes Trump's economic policies benefiting the "rich".
Just Zambia. But they have come to an arrangement