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Gold Bug Profile: Jim Willie

Gold Bug Profile: Jim Willie

Among the many gold bulls are ample people who have a soft spot for silver as well. Jim Wilie CB, best known as the “Golden Jackass”, firmly believes that both precious metals will ride off into a successful sunset together. 

The Career of Jim Willie

Precious metals enthusiasts and aficionado will have heard of Jim Willie before. He is a very popular analyst of the economy and financial markets. Moreover, his content is often very insightful, catering to both newcomers and industry veterans alike. 

During his regular working career, Jim focused on three fields of statistical practice. He worked for multiple firms, including Digital Equipment Corp and Staples HQ. During his stints, he also focused on quality control procedures – some of which are used globally today – and marketing research. Forecasting and sales analysis were added to his repertoire later on. 

After leaving the industry, Willie continued to work on his own website, titled Golden Jackass. Most of the content found on this platform touches upon very different topics. Another venture run by Jim is The Hat Trick letter, a subscription-based newsletter service. 

Even today, Jim is still active in the financial world, primarily as a writer and analyst. He is happy to share his opinions on gold, silver, and a lot of other topics through various publications. All in all, he is one of the most fascinating individuals in the precious metals industry.

Jim Willie on Gold

There are many intrinsics of the gol market which deserve to be highlighted. Simply looking at a price chart only tells a sliver of the entire story. Jim Willie recently shared some interesting opinions on what is happening to the gold price and what could be happening to it in the very near future.

As one would expect, he expects a big impact due to COVID-19. Several things have changed in the financial sector, although others have remained the exact same. Even today, gold is used in trading and banking reserves. Until that situation changes, keeping the gold price down will prove virtually impossible. 

Jim Wille on Silver

In a very recent YouTube interview, Jim Willie gave some very interesting opinions on silver as well. He mentioned how both silver and gold are primed for launch, indicating that the future prices of both precious metals may be much higher compared to where they are today. 

Especially silver seems to be in a very good position to push higher. It has industrial use cases which gold doesn’t necessarily have, especially during the post-COVID-19 recovery phase. The coming year and a half will prove rather remarkable for all precious metals. Big things are looming on the horizon. 

Gold Bug Profile: Shayne McGuire

Gold Bug Profile: Shayne McGuire

The amount of people who have seriously high gold price expectations seems to grow year over year. Many moons ago, Shayne McGuire already predicted a price of $10,000 an ounce, a value that still holds merit to many precious metal experts. 

The Career of Shayne McGuire

Similar to most gold bugs, McGuire did not necessarily start out in this particular industry. Following his BA in history and political economy, he obtained an MA in History and an MBA in Finance. All of this educational “baggage” paid dividends for McGuire during his professional career.

Speaking of which, the first career move by McGuire comes in the form of being  a journalist. In Mexico City, he worked for The news, and primarily reported on NAFTA and deep financial reforms implemented by Salinas.  It was a stepping stone for his financial career, which kicked off at Banorte – formerly Afin Case de Bolsa – where he wrote a daily analysis of economic and stock market developments.

Other jobs held by McGuire include working for ING Barings, Deutsche Bank, and working for Teacher Retirement System of Texas. For those unaware, this latter firm is one of the world’s biggest pension funds, and manages over $150 billion in assets. 

This latter venture has proven very interesting for Shayne, as he also manages the fund’s Gold Fund since 2009. This further confirms his belief in the world’s leading precious metal, and how it has the potential to appreciate in value beyond imagination. 

Shayne McGuire the Gold Bull

Uttering a bullish statement pertaining to the future value of gold is something anyone can do. Offering proper reasons as to why this statement is making sense, is a skill that very few people possess today. 

Back in 2008, Shayne McGuire was already expecting big things for gold. This statement came on the heels of the publication of his “Buy Gold Now” book, which hinted at an imminent collapse of traditional finance. The financial crisis later that year proved McGuire right across the board, and further validated why his bullish views on gold should be taken a bit more seriously.

Two and a half years later, McGuire painted another outlook for the world’s leading precious metal. He claimed how the price of gold could surpass $10,000 an ounce in the years to come. So far, this has proven to be a rather optimistic view, yet gold has proven to be incredibly bullish in the past year or two. Given some recent predictions by analysts and experts, the $10,000 target can still come into play in most people’s lifetime. 

Shayne McGuire on Silver

Although most people will attribute gold price predictions to Shayne McGuire, he hasn’t overlooked silver either. Back in 2013, he ensured that the Gold Fund under his management would begin buying up silver as well. This diversification of assets is crucial to keep an eye on, especially given the way that silver has moved throughout the first half of 2020. 

Gold Bug Profile: Ned Naylor-Leyland

Gold Bug Profile: Ned Naylor-Leyland

A lot of people are very bullish on gold as of right now. Others have maintained this outlook for years now, and even turned it into a business. Ned Naylor-Leyland is clearly a gold bug, but he also keeps close tabs on the silver market.

The Life of Ned Naylor-Leyland

In the world of gold, silver, and other precious metals, Ned Naylor-Leyland is a well-known and well-respected name. He has quite the baggage in terms of financial expertise and track record to back up any claims made. With over 17 years of investment experience, Ned has successfully made a living in this cutthroat industry.

Finding a market to focus on is crucial if one wants to be successful in investing. For Naylor-Leyland, the precious metals markets have always been of keen interest. By actively putting money into both gold and silver, he has made a lot of money over the years.

Jobs-wise, Ned has worked for Quilter Cheviot, Smith & Williamson, and so forth. He helped set up a dedicated precious metals fund for Cheviot Asset Management in 2009. At that time, it was clear that traditional finance would continue to pose too many risks, and gold and silver would be the better investment options. 

Ned Naylor-Leyland on Silver

A lot of people expected Ned to come out in favor of precious metals in 2019. Representing Merian Global Investors, he confirmed that, in 2019, there were plenty of opportunities for investors keeping tabs on both gold and silver. The year 2019 has been a good year for precious metals all round, and that trend has continued this year, barring some dips along the way. 

What made his statement in 2019 all the more remarkable is how Ned expected a better performance by silver compared to gold. 

This has always been interesting to keep an eye on, primarily because silver is valued much lower. However, as the year 2020 has shown, silver can be a very resilient metal. It is even appreciating in value when gold comes under a bit of pressure. 

Ned Remains Bullish on Gold in 2020

Given the performance of precious metals in 2019 and early 2020, it appears that Ned Naylor-Leyland’s optimism was more than warranted. Silver performed more than adequately. Gold, on the other hand, has shown signs of willing to go much higher, although there is still ample pressure on this market.

During an interview with Morningstar, Ned confirmed that he remains very bullish on gold for the foreseeable future. He even claimed that there is a good chance to see the gold price move higher, although Ned doesn’t offer potential price targets. 

Theoretically, gold should have a “strong double-digit annual performance”. What the future will hold for silver, remains to be seen, but there will be some accumulation taking place. 

Gold Bug Profile: Thomas Fischer

Gold Bug Profile: Thomas Fischer

When one displays an affinity toward precious metals, they are often classified as a gold bug or a silver bug. Professor Dr. Thomas Gunter Otto Fischer – or just Thomas Fischer in finance circles – certainly falls into the category of being a gold bug, primarily due to some crucial investments over the years.

The Background of Thomas Fischer

On the surface, one wouldn’t necessarily expect an individual like Thomas Fischer to show any affinity toward precious metals. As a day job, he is a Professor of Stochastic Financial Mathematics at the University of Wuerzburg in Germany. Most of his research focuses on derivative and asset pricing, as well as FX risk management, systemic risk, and so forth.

All of these points of focus can serve one rather well when making active investments. Fisher is also one of the people who helped develop the FX Risk Management tool, which has been praised by many individuals. In the financial sector, there are plenty of risks that need to be managed, and helping traders overcome potential pitfalls is crucial.

Over the years, Fischer began paying closer attention to the precious metals markets. This has been apparent through the press picking up some of his publications. More importantly, he helped develop proprietary models for precious metals markets. 

Thomas Fischer the Investor

By default, one would assume that investing in both gold and silver is a relatively safe choice. Both metals tend to perform well all year round, although they are subject to dry spells as well. Very few people will effectively make a lot of money by investing in precious metals, unless they traded it back and forth on an active basis. 

For Fischer, the investment in both metals is a direct result of wanting to preserve his capital more than anything else. The 2008 financial crisis has eroded a lot of trust in the financial system. More recently, the COVID-19 crisis isn’t helping matters all that much either. All of this effectively validates Fischer’s decision to diversify his capital when the time was right.

Despite investing in both gold and silver, Thomas Fischer admits that the latter market is more difficult to analyze. The price of silver is influenced by gold’s value, whereas the opposite is unlikely to ever happen. It is a tricky investment, but one that also has tremendous potential.

Gold Bug Profile: Crispin Odey

Many people tend to show an affinity for certain aspects of the financial industry. In the case of Crispin Odey, he is often very bearish on all markets, except for gold. That is rather remarkable in its own way, but it appears that there is a good reason for this sentiment as well.

The Career of Crispin Odey

Starting one’s career often happens as soon as higher studies are wrapped up, Fr Crispin Odey, his degree in history and economics has served him rather well throughout his career. His first test came in the form of managing Hotham Hall, a family estate which he promptly sold at age 23. 

Things could have turned out very differently for Odey, as he could have easily pursued a legal career. Rather than going down that path, he joined Framlington fund managers, and later on, the Baring European Growth Trust. 

Eventually, Odey founded his own company, aptly named Odey Asset Management. George Soros invested in this venture at an early stage through a major financial commitment. Albeit the company lost a lot of money in the early years, it eventually recovered and came out on top. The 2008 financial crisis certainly played a role in this success story, albeit many smart individuals took full advantage of that golden opportunity.

Crispin Odey Absorbs Personal Losses

No financial portfolio is safe from volatility, either through failed investments or due to external factors. Odey is no exception, as he lost over $225 million in personal fortune when his company went through a bad spell.  Most of these losses were recovered when the Pound Sterling dropped in value during the Brexit conundrum.

It is also around this time that Odey started becoming more vocal about his outlook on the monetary system. This outlook was, and still is, primarily bearish due to ongoing shenanigans. Odey is one of those people who will bet against the Fed when the time arises, as the central bank’s decision will often have a negative long-term impact. 

Crispin Odey on Gold

Over the years, the name Crispin Odey was often named in association with gold and other precious metals. Particularly during the coronavirus crisis, Odey expected the value of gold to move up again. Some investments into gold stocks have been made through his own company, further affirming a positive outlook on this particular market.

Another interesting tidbit of information shared by Odey pertains to personal ownership of gold. He claims that, when inflation begins to spike due to recently issued stimulus packages, personal gold ownership may become illegal. More specifically, Odey expects that central banks will try to obtain these metals to stabilize domestic currencies.

Contrary to what most may assume, there is an effective precedent for such a development. Back in 1933, private gold holders were forced to give up their stakes to help the US Dollar’s value recover. Central banks will not shy away from extreme measures to remain relevant, albeit this is not the right option to explore.