In this age of social media, there is always a group of people whom others rely on for helpful and accurate information on just about everything that piques their interest. These people are aptly called “influencers” because the information they disseminate can influence people’s decisions. Influencers in the precious metals vertical can sway a person to buy (or pass up) a particular commodity.
There are quite a number of investors who are actively speaking on the advantages of investing money in precious metals, and these include the following names. You’ll probably recognize some of these in your journey as a precious metals investor or enthusiast.
After serving as Managing Director and Head of Technical Research for Smith Barney, Louise Yamada struck out on her own. She founded the Louise Yamada Technical Research Advisors, of which she is the Managing Director.
Ms. Yamada has made several calls regarding gold, both in her career in Smith Barney and as MD of LYA. According to the CMT Association, one of these is the rise in gold prices in 2002 due to the steel tariffs imposed by the Bush administration. Later on, Mrs. Yamada would predict the eventual peak and drop of gold prices in 2013.
In January of this year, she made another prediction validated by actual gold prices. “Once we reach $1500, we will likely see higher prices followed by more resistance at the $1800 level,” she told Palisade Radio.
Louise maintains a private Twitter account, which she started in 2009.
A precious metals fanatic, Eric Sprott’s investment portfolio is reportedly made up 90% of gold and silver. The rest of his assets are his shares in Sprott Inc., a global investment company that specializes in growing people’s portfolio with precious metals holdings.
Eric Sprott is one of the early endorsers of investing in precious metals, setting Sprott Inc. up in 1981 to provide professional portfolio management to investors who would like to invest in gold. Now, 39 years in the industry, the Sprott Inc. website claims to have 200,000 clients worldwide, managing $17 billion worth of assets.
In April, Sprott speaking at a webinar entitled Masters of Mining, encouraged the attendees to invest in gold and silver in anticipation of a drastic price increase before the end of the year. “I know for myself I think the obvious purchases today are gold and silver — the precious metals themselves — and own physically,”,” Sprott said during the webinar.
Source: Jim Sinclair’s Mineset
Jim Sinclair is the Chairman of Tanzanian Gold Corp, a firm specializing in mining for gold ore and has been doing so since 1990.
While Sinclair is serving as Chairman of Tanzanian Gold Corp., a position he held since 2019, he also writes free informative pieces on his website, Jim Sinclair’s Mineset, focusing mostly on his opinions and analysis of the movements in the gold market.
Sinclair also attracted attention when he became the Hunt family’s precious metals advisor from 1981 to 1984. He provided advice for the family regarding their selling off of silver holdings.
Sinclair takes the unique opinion that every person can be a central bank by themselves, as long as they can keep their buying power unchanged. To achieve that, people will have to focus on the assets that remain profitable despite upheavals in the market, like gold.
“Gold is a currency that has no liability attached to it. It’s a measure of value and a store of wealth that’s universally acceptable,” he said.
Robert Toru Kiyosaki is one of those investment and financial experts that have become a household name even in families with no interest in the topic.
He first shot to fame with his Cashflow® board game and the supplemental “Rich Dad Poor Dad” book that he launched to enormous success.
Since then, he has made a niche for himself, advising investors from all income levels in all kinds of financial topics – from setting up passive income to financial management and real estate investment.
In addition to book writing, Kiyosaki shares his knowledge for free through the Rich Dad website as part of his mission to promote financial literacy and education worldwide.
Kiyosaki mainly teaches about passive income, particularly online and through real estate. Still, he stated explicitly this year that he finds gold a “good investment,” sees a significant opportunity with silver.
Known for his sayings, “Savers are losers” and “cash is trash,” Kiyosaki acknowledges the intrinsic value carried by precious metals instead of fiat or paper currency like the dollar. Thus, metals have the undeterred potential to gain massive ground and achieve greater values than they have right now.
“Gold and silver truly are God’s money,” Kiyosaki said.
Mary Anne and Pamela Aden
This powerhouse duo of sisters run The Aden Forecast, a subscription-based newsletter that provides investment advice focusing on the U.S. Market. Their topics touch not only on foreign exchange and stock markets, but also with precious metals, especially gold.
According to their profile on The Aden Forecast, the sisters are also prolific contributors to numerous publications such as Business Week, Forbes, The Wall Street Journal, Money Magazine, Smart Money, Barron’s, and The London Financial Times.
What do the sisters have to say about gold?
“Gold is the strongest precious metal,” they said. “And it’s positioned to rise in a several year rise ahead. Gold will surely be volatile as the pandemic evolves, but look at this as time to get set for the major rise should weakness occur.”
Image source: Arcadia Economics
Chris Marcus authored the book “The Big Silver Short,” in which he interviewed 15 key experts in the silver market and discussed how people could take advantage by investing at the right time.
Simultaneously, Chris also writes and publishes for the Monthly Market Snapshot newsletter via his website, Arcadia Economics. Chris established this website to help people navigate the market’s complex movements. He also contributes to websites like Investing.com, and Miles Franklin, among others.
Chris stated that it is his mission to educate people on how the market works and how to spot possible bubbles and crashes. He wants to guide people on how they can position themselves to turn a disaster in Wall Street into an opportunity.
“My mission is to share what I would want a family member or friend to know about what’s coming next- before it’s too late,” he said. “I believe we’re on the verge of a spectacular period of financial history.”
Bill Holter spent more than 20 years in the investment industry. For 12 years, he worked as a branch manager for A.G. Edwards, where he acquired much knowledge on the machinations of the market, both in stock and in precious metals. He’s a co-partner at Sinclair’s Mineset, and has contributed to Miles Franklin and the Gold Anti-Trust Action Committee (2007-currently).
Bill maintains that, once you invest in precious metals, you’re making an effort to break away from fiat currencies. Selling off gold or silver to cash out the profits will just pull investors back to the cycle and is counterproductive.
“If you bought in the hopes of the metal rising in price and plan to cash out and take your ‘profit,’ you are sorely mistaken and will be gobbled up in the coming currency collapse,” Bill wrote.
“By selling metal for currency, you are re-entering the banking system AND the currency,” he added.
Born in America but now based in Singapore, Jim Rogers is an unorthodox investor and financial commentator. According to the Jim Rogers website, he had traveled around the world to learn about the economics of specific countries- on a motorcycle.
His book “Investment Biker – On the Road With Jim Rogers” details his motorcycle adventures with Tabitha Estabrook in the early 90s.
Together, the duo traveled 65,000 miles on their BMW motorcycles and visited various countries talking with investment bankers, entrepreneurs, and ordinary people along the way to get a feel for local economics.
He recently spoke to Wall Street Window, saying that gold and silver are bound to go into a “mania” in the next few months. Rogers then encouraged people to learn more about precious metals and investing in general. “My view is that everyone should own gold and silver,” he reiterated in a separate tweet.
Source: CMI Gold & Silver
Bill Haynes spent most of his investor career in precious metals and has over 45 years of experience as a precious metal bullion dealer.
In 1973, Bill founded CMI Gold & Silver. He maintains a dedicated blog on the CMI Gold & Silver website, in which he shares his knowledge to all regarding the virtues of investing in gold and silver bullions.
Bill also authored the book “Myths, Misunderstandings and Outright Lies,” a bestseller among precious metal investors. He recently released his new book, “The Last Gold Rush… Ever!” on October 27. Co-authored with Charles Goyette, the book demonstrates that the current gold market is about to become a runaway market.
“I think that the ensuing gold market will be the last for gold, meaning that gold will return to being a standard investment that belongs in every investment portfolio… Gold will outperform stocks in the years ahead,” he said in one of his CMI blogs.
Jim Rickards is more than just an investment banker. He is also an economist and a lawyer. He has extensive experience spanning 35 years working with fellow investors and bankers at Wall Street.
He became a recognizable figure in 1998 when he negotiated with the U.S. Federal Reserve in an attempt to salvage and restore Long-Term Capital Management L.P. He also works as an advisor with the U.S. Department of Defense as an advisor.
Jim has authored several books that demonstrate his in-depth understanding of precious metals. He serves as editor of Strategic Intelligence and graces social media through his JamesGRickards Twitter account.
Like most precious metals experts, Rickards is critical of the Federal Reserve and the paper-based monetary system in general. In one of his Daily Reckoning articles, he wrote that gold and other precious metals are superior to any currency controlled by any Central Bank in the world.
“It’s easy to show why gold is a better form of money,” he wrote. “Gold cannot be made to disappear… and it would be almost impossible to confiscate.”
Source: Wealth Research Group
John spent the entirety of the 80s working in Wall Street as both an analyst and a trader. During the 90s, he started writing columns for Individual Investor, Online Investor, and Consumers Digest.
Currently, John Rubino is the manager of DollarCollapse.com, where he and his staff keep track of the critical developments regarding the global financial crisis. He also authored a series of books, one of which he co-authored with James Turk, describing the possible collapse of paper currency and the ultimate return to precious metals as a trading currency.
“Society needs something to function as money as a crucial tool… We are starting to look again at gold and silver, which are older forms of money which can’t be created in infinite quantities by the government on a printing press.”
In 2002, Mike Maloney saw the value of investing in the top 2 precious metals – silver and gold and invested much of his family’s money into precious metals. His holdings remain unchanged to this day.
By 2005, he had concluded that investors and financially-savvy individuals are set to flock over to precious metals as a safe haven for their assets. This, Mike said, is spurred on by global debt and inflation. He also cited government manipulation of currencies and unfair taxation on money savers as catalysts for this inevitable event.
Two years later, he would meet the famed Robert Kiyosaki and be exposed to the latter’s mission of spreading financial knowledge to ordinary Americans. Mike released a book and founded GoldSilver.com. Mike also hosted numerous seminars with attendees numbering up to 30,000 people.
“The stage is set for a modern ‘gold rush’ to the safe haven of precious metals just when supplies of those metals are precariously low.”
Steve St. Angelo
Source: SRSrocco Report
Steve St. Angelo is an independent researcher. After six years of investing, Steve started in-depth research into areas primarily ignored by the precious metal investing community.
Steve’s analysis and research are unique because they focus on the link between precious metals and the energy sector. Steve believes that EROI, or Energy Return on Investment, directly relates to the mining industry.
In an interview by the Investing News Network, Steve said gold and silver prices could rise this year as energy production issues increase. He indicated that paper stocks, which are dependent on oil production, could suffer the reverse as oil production becomes scarce.
“Stocks, bonds, and real estate are energy IOUs. All I’m saying is you have to continue burning more energy in the future to give those stocks, bonds, and real estate value. Gold and silver … the energy was burned in the past,” he said.
Morgan runs The Morgan Report and also owns the Silver Investor website. More popularly known as The Silver Guru, David Morgan hosts commentaries on his Youtube channel. He gives interviews as well for other financial publications, including Max Keiser.
Morgan advocates silver investment for the simple reason that silver’s historical use as a currency was more common.
“Silver buys your small items—food, water, energy, and clothes, for example,” he told Mining.com. “Gold is money, but silver has been used as money more often, in more places, by more people than gold ever has.”
Patrick Kerr’s experience in the market is quite extensive. Since March 1998, he has been employed in Amerifutures Commodity Trading – an impressive 22 years and counting in the company.
Kerr predicted a decade ago that gold prices per ounce would reach at least $5,000 by 2011, and with plenty of “pullbacks” along the way.
Kerr is of the opinion that central banks are only buying into precious metals because it gives value to their paper currency reserves.
“Central banks … have begun diversifying away from fiat currencies and buying gold … mainly because they do not want their currency reserves devalued away to nothing,” he said.
Brett previously wrote for The Economist but is now a prolific author and contributor of articles about personal finance and economics for the Market Watch. His column covers retirement options, including IRAs and precious metals.
Brett’s Market Watch articles have touched on gold several times this year. For starters, this article in March demonstrates accurately why gold, and the other precious metals, can be an excellent addition to any investor’s portfolio given the uncertainty in the global situation created by COVID-19.
“Gold makes more sense when viewed, not as an investment, but as a type of currency. It doesn’t produce anything, but it can be used as a medium of exchange,” he wrote.
Source: US Money Reserve
Angela heads one of the biggest private distributors of government-issued precious metal bullion, U.S, Money Reserve.
Angela is usually busy overseeing the day-to-day operations and as part of her duties as Chief Executive Officer, she grants interviews to members of the media in which she talks about the virtue of investing in precious metals.
She believes all investors should add precious metals to their portfolio.
“Our opinion is that every individual should consider having some form of a tangible asset, like physical precious metals,” she explained. “Physical gold, along with silver, platinum, and palladium, is very different from paper-based assets, especially when you consider the long-term loss in purchasing power seen by many paper currencies.”
Lisa Abramowicz is one of those voices that matter in the finance and investment sphere.
A graduate of the University of Chicago, she now works as one of the journalists co-hosting Bloomberg’s “Bloomberg Surveillance ” segments. Beyond TV journalism, she also writes articles focusing on the financial market. She maintains a Twitter account where she shares information on a broad spectrum of topics within her reporting niche.
“Either way, gold is on a tear, with many expecting it to continue,” she predicted in a Tweet in July.
The experts agree about the value of investing in precious metals, particularly gold and silver. It’s high time to consider adding precious metal bullions to your investment portfolio.