Ross Beaty: We Are Starting Another Leg Up In Gold

ROSS BEATY: WE ARE STARTING ANOTHER LEG UP IN GOLD Ross discusses how he started his first public company called Equinox Resources in 1985 and then started Pan American Silver in 1994 which became one of the worlds pre-eminent silver companies. He feels that we have been in a gold bull market since 2015. Gold had a good breakout in 2016, and that seems to be in the first leg of a bull market. Anyone who has invested in gold equities should do very well in the next few years. He discusses the previous gold rally in the early 2000’s and how it was primarily due to the industrialization of China and how it overshot in 2011. Trump’s policies are affecting commodities as there have been massive run-ups in the broader markets. These corrections should be positive for the precious metals. 2008-2011 demonstrated just how much gold and silver could outperform. He says, “the odds for a meltdown happening again seem quite high.” Ross sold his clean energy company last fall, and since he still loves gold, he started a new Equinox Resources. He says, “The market is ready for another diversified mid to large tier gold mining company.” So far he has put together three companies with excellent projects into Equinox. Currently, they are looking at 320,000 ounces of production next year. He discusses his strategies for building a leading mid-tier company and what sorts of companies investors should be looking at investing in. You want a company that … Continue reading