cover of episode Debunking Misconceptions: Investing in Gold for Wealth Building - with Simon Popple

Debunking Misconceptions: Investing in Gold for Wealth Building - with Simon Popple

2023/10/15
logo of podcast Dig Deep – The Mining Podcast Podcast

Dig Deep – The Mining Podcast Podcast

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Shownotes Transcript

In this episode we chat with Simon Popple, MD of Brookville Capital, and a sound money expert in gold investing, having dedicated his career to the gold industry for the last 15 years. 

Simon is on the show to discuss the main misconceptions of investing in gold and why now is probably more important than ever to understand why gold is an important investment vehicle to maintain and build wealth.

Simon is going to be attending Europe’s largest mining event, Resourcing Tomorrow, (formerly known as Mines and Money London,) which is taking place in London on the 28th-30th November, a great platform for the entire mining value chain, fostering learning, lively debates, and providing valuable networking opportunities. 

So Register NOW and get your tickets by heading to www.resourcingtomorrow.com/register) to receive a discount on current early bird prices using the code DIGDEEP10.        

KEY TAKEAWAYS

  • Gold is a valuable investment vehicle for maintaining and building wealth. It has limited supply and is globally recognised as valuable, making it a universal currency.
  • There are misconceptions about investing in gold. The first misconception is that people think they need to physically possess gold, but in reality, it can be stored and insured by professionals. The second misconception is that gold doesn't provide any income, but there are ways to generate income from gold investments, such as investing in gold stocks. The third misconception is that investing in gold is risky, but there are different levels of risk depending on the type of investment, and physical gold can act as a form of insurance.
  • It is important to have a balanced portfolio that includes exposure to both gold and fiat currencies. Gold can protect against inflation and economic collapse, while fiat currencies provide stability and liquidity.
  • The price of gold is influenced by factors such as debt levels and supply and demand dynamics. As debt continues to rise, there is a good chance that the gold price will also increase.

BEST MOMENTS

"I think property probably falls into that boat. So even though I did very well out of property, I didn't see it as something I could always make money from." 

"You don't have to invest in the riskiest format. And I think a lot of people, they look at gold, and they hear about these junior mining stocks, and they go, that's too risky." 

"I think all I would say is, I think gold's better days are ahead of it rather than behind it, so I feel comfortable with the price where it is at the moment." 

"I think it's a bit scary if you've got 100% exposure to gold and silver and no exposure to fiat currencies. I think it's all about balance." 

VALUABLE RESOURCES

For your free download go to https://goldprogram.co.uk/free)

https://www.linkedin.com/in/simon-popple-4a382a16/)

http://www.brookvillecapital.com)

Mail:        [email protected])

LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/)

X:              https://twitter.com/MiningRobTyson) YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast

Web:        http://www.mining-international.org)

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.