E.B. Tucker: New All Time High for Gold Will Arrive Next Year

E.B. discusses his upbringing and early schooling and how it shaped his contrarian approach. He started learning about gold from a friend when it was around $300 and became increasingly interested in the market as the world went through various economic shocks and wars. He says, “Your experiences shape you, and they are cumulative. Therefore it’s important with whom and how you spend your time.”

E.B. has made the bulk of his money on the more obvious straightforward trades. Currently, an example would be the gold to silver ratio, which is hovering around eighty. This is a high probability trade that you can play with using either the physical or the miners.

Gold investors are currently in a super-minority with most of Wall Street ridiculing the sector. There is a growing awareness curve, but we are very early in that cycle. Momentum indicators are showing that we are in a new bull market, but most investors won’t take notice until we take out the past highs. He thinks this will happen next year.

E.B. says, “Doug Casey is a personal friend and an amazing guy to work alongside.” Doug takes a very hands-on approach to investments by networking and watching what everyone is doing.

E.B. likes to judge people by their bookshelf, and for him, the one book that philosophically changed his life was “The Fountainhead” by Ayn Rand. Currently, he is reading a book called “Peace Is Every Step” by Thich Nhat Hanh, which is a book on mindfulness and understanding your inner dialog. Exploring that internal dialog can help improve your investment results.

E.B. explains how the royalty business works and the advantages it brings due to leveraging the price of gold.

Time Stamp References:
0:40 – His early career.
2:40 – Finding the easy money trade.
5:20 – We are far from gold being mainstream.
7:55 – Lessons from Doug Casey.
13:45 – Avoiding trading mistakes.

Talking Points From This Week’s Episode
• How experience shapes investors.
• Wall Street has yet to wake up to gold.
• Utilizing mindfulness in trading.
• Gold will go to new highs next year.
• The benefits of royalties.

E.B. Tucker is is on the Board of Directors at Metalla Royalty & Streaming Ltd. and is also the senior analyst and writer for The Casey Report. The Casey Report is a monthly investment advisory founded by legendary resource speculator Doug Casey.

Before joining Casey, he served as the analyst and lead analyst on Stansberry’s Investment Advisory and The Bill Bonner Letter, respectively. Before joining Stansberry, Mr. Tucker was a founding partner of KSIR Capital Management; an asset management firm focused on precious metal equities. He also co-founded KSIR Capital; a corporate finance advisory firm focused on the precious metals industry.

He holds a B.Sc. in Business Administration with a focus in Finance from the College of Charleston in Charleston, South Carolina.

Sign Up For Our 2019 Uranium Report