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Greg Orrell: It Is Time for Gold to Shine

Greg gives us a presentation of OCM Gold Fund where he discusses his 30 years experience in the resource sector. He outlines where we are in the resource space and where we are going. Greg talks about how he got started managing the fund. The fund specializes in the precious metals mining industry. He looks at this market as a hedge against financial uncertainty and currency risks.

He feels that gold is the pre-eminent currency, and it is under-owned compared to all other market classes. The long-term trajectory of the U.S. dollar is toward further debasement. Negative interest rates are likely to continue. Countries like Russia and China are actively working on alternatives to the U.S. Dollar. Owning gold assets is a way of preserving capital in uncertain times and is why you need to have it. You need to think like a contrarian since at some point gold will attract a lot of capital.

The Trump administration is likely to put more pressure on budget deficits. Judy Shelton, one of Trump’s economic advisors, has advocated a move back to a gold-linked currency.

He outlines OCM Gold Fund’s portfolio and philosophy for investing. He says balance sheets are looking better for many juniors. We need more success stories in this space instead of projects that don’t work. The juniors are now getting financing from the majors. This has attracted top talent and created opportunities. You need to keep an eye on management teams. Mining companies have been overly optimistic about reserves. Some companies have diluted shares faster than central banks have weakened currencies. He discusses their favorite small-cap holdings.

Talking Points From This Week’s Episode
• Gold production has peaked.
• De-Dollarization Led by Russia and China is Real
• The next financial crisis will be severe.

Greg Orrell has been the portfolio manager of the OCM Gold Fund since 1996. He is one of the longest-tenured gold fund portfolio managers in the industry. With over 30 years of investment experience in the precious metals mining sector along with a deep understanding of gold’s monetary role, Greg is uniquely qualified to manage the assets of the fund.

Greg received his BS in Economics and Business Administration from Saint Mary’s College of California. Greg is also the president of Orrell Capital Management, investment adviser to the Fund, and received his BS in Economics and Business Administration from Saint Mary’s College of California.