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Cam Currie of Canaccord Genuity talks about metals as a vital hedge against inflationary pressure

In this InvestorIntel interview Tracy Weslosky talks to Cam Currie, Senior Investment Advisor at Canaccord Genuity Wealth Management and the Principal, Currie Metals and Mining Group, who is among Canada’s top 150 investment advisors with 32 years’ experience in metals and mining.

In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here), Cam discusses the changing fundamentals of the current market. “We have been concentrating on focusing clients on metals and mining for a number of reasons,” he tells Tracy. “It’s a supply side issue and people don’t understand that there’s no money going to the ground. There are no projects coming on the pipeline and with the EV movement evolving, copper over time will do very, very well.”

As well Cam says that he is “very bullish on precious metals and I’ve actually been very much a crusader in the industry. I meet with the World Gold Council on a regular basis.” He observes that short-term gold prices have been artificially kept down because of the strength of the U.S. dollar, but he remains “extremely bullish – we’re adding to positions very aggressively.” He adds: “I have a basket of companies and again they range from seniors and mid-tiers to developers. I don’t play in the junior exploration grassroots because I think that’s just too high risk.”

Cam also talks about the opportunities and risks presented by the current inflationary environment, and how some of the world’s leading precious metals investment groups are positioning themselves to counter today’s risks in the bond/equity markets: “If you have a portfolio right now with a 60/40 bond-equity composition that’s not going to work for you going forward. You have to have a metals component to hedge against the uncertainties of that.”

About Canaccord Genuity Wealth Management

We are a boutique investment management firm with offices and Investment Advisors around the world, connected to global commerce and focused on deep client relationships. Canaccord Genuity Wealth Management is a full-service firm that leverages our unique approach to commerce and clients into insight-driven advantage and personalized solutions.

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Disclaimer: This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

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Henry Weingarten on the US presidential election and the gold markets

Henry Weingarten, Fund Director of The Astrologers Fund, Inc., spoke with InvestorIntel’s Tracy Weslosky on who he thinks will win the US presidential election and how it will impact the market. He also talks about which sectors could be the best performers depending on who wins the election in November.

According to Weingarten, regardless of who wins the election, the gold and entertainment sectors will do well, and silver will do reasonably well. He also discusses rare earths, lithium, Tesla and electric vehicle technology sector. In the interview, Henry also shares his thoughts on what could be best for investors in the fall – cash, bullion or stock market.

To access the complete interview, click here.