Per Wimmer: Risk Taking Entrepreneur Feels Gold Is A Good Hedge and Investment
He is invested in the natural resource space and has seen both the good and bad times. He has worked with many entrepreneurs in the mining space. Wimmer says, “From an investment point of view you have to do your homework. Investigate the stories and the management teams.” He became interested in the mining sector before the last supercycle when he discovered that it was a no-brainer from a supply-demand perspective.
For him, gold is an important asset class in its own right. It’s useful as an inflation and a hedge when things turn bad. You can get exposure to this sector through the juniors, or you can use ETF’s. The bottom of the mining market was probably 18 months ago. He expects gold to trade between 1150 and 1350 for the next few months.
They are exploring the energy focused metals like cobalt, graphite, nickel, and lithium are of great interest to his company. The extensive worldwide printing of money is beneficial to precious metals as a hedge. The cautions that the resource sector can be volatile.
He finds the resource metals like nickel, copper, zinc, and tin compelling from a demand perspective. His company invests globally, although they avoid some countries. They are particularly interested in Chile, Africa, North America, and Spain.
He discusses the commodity sector plays of phosphate and potash. He explains why he thinks Gensource Potash is an excellent agricultural play since they have much lower cap-ex and are positioned to do well.
Talking Points From This Week’s Episode
• Gold will continue to trade between 1150 and 1350 for the next few months.
• The majors are showing more interest in the resource sector.
• Mining sector outlook appears to be consistently improving.
Per Wimmer is a Danish philanthropist, space advocate, entrepreneur, financier, author, traveler, and adventurer. Wimmer owns and administers his own international corporate financial advisory firm, Wimmer Financial. Wimmer Financial specializes in global corporate finance, shares trading, real estate and natural resources. In September 2011, Per Wimmer published the book “Wall Street,” about the bubbles in the financial markets. In 2014 he published his second book “The Green Bubble.”
Mr. Wimmer received B.A. in Law and M.A. degrees from the University of Copenhagen and graduated with distinction from the University of London. He graduated from Harvard University with a Masters in Public Administration, with concentrations in Business, Finance, and International Relations.