Randy Smallwood, Chairman of the World Gold Council, joins Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, at the PDAC Convention in Toronto. Smallwood, who is also President and CEO of Wheaton Precious Metals, discusses inflation, supply shortages, and how best to preserve your assets during times of uncertainty.
“Gold should be a part of everyone’s portfolio. In times of conflict, in times of stress, everyone should have at least 5 – 10% exposure to gold in one form or another. Through mining companies, through streaming companies, through bullion investment, there should be an aspect of gold in you portfolio.”
Time Stamps:
0:00 – Why gold isn’t higher
4:18 – Inflation, recession, and gold
8:32 – Fiat currencies and gold
11:33 – Gold as a store of value
12:39 – Silver
15:35 – Wheaton Precious Metals
