mining

'We are potentially in a world of escalating prices over the long run' - Bart Melek on gold's draw

By Michael McCrae and Matt Watson

Published:

Jun 03, 2024 - 2:06 PM

Updated:

Aug 19, 2024 - 2:11 AM

Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

'We are potentially in a world of escalating prices over the long run' - Bart Melek on gold's draw teaser image

(Kitco News) - A number of macro factors favor gold and silver, said Bart Melek, global head of commodity strategy at TD Securities.

This week Melek recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.

The two discussed gold's recent run. The metal has made a several all-time highs this year.

Gold production requires real labor, capital, and energy. It's a tangible store of value and a protector of wealth, noted Watson and Melek. During inflationary periods, investors turn to gold as a safe haven, as demonstrated by recent rallies in gold and silver prices.

"It takes real labor and real capital, and it takes energy to get those physical products from the ground," said Melek, and all those costs have been going up. "We are potentially in a world of escalating prices for the long run."

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Green Rush is brought to you by Revival Gold. Revival Gold is one of the largest, pure gold, mine developers in the United States. The Company is advancing engineering and economic studies on the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho.

Revival Gold is listed on the TSX Venture Exchange under the ticker symbol "RVG" and trades on the OTCQX Market under the ticker symbol "RVLGF". The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

Matt Watson

Matt Watson, Founder and President, Precious Metals Commodity Management LLC

Matt is an Operations executive with over 30 years of international and domestic experience, including various engineering, statistical consulting, and supply chain commodity management positions.

Matt spent the first 15 years of his career teaching and consulting in statistical methods in a wide range of industries. Matt then transitioned to the Hard Disk Drive sector for 17-years, most of that time with Seagate Technology. It was here that Matt managed $540M in platinum and ruthenium positions.

Recently, Matt led Tanaka’s North American R&D and Marketing efforts for Tanaka America Inc. Matt helped lead the deeper penetration of the HDD market PVD targets, micro machined medical components and medial PGM wire product markets, and semiconductor/OLED wet chemistry markets.

Matt is now consulting once again, this time with Precious Metals Commodity Management LLC. This new consulting entity supports clients with precious metals market research, risk management, trading/hedging, and design and process thrifting. Matt is working clients in the hard disk drive sector, mining, connector, PVD target fabrication sectors, and precious metals analysts. Matt has developed extensive three way auto catalyst demand models and forecasts, and is a student of the apparent structural deficits in palladium, rhodium, ruthenium, and iridium.

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Bart Melek TD Securities Matt Watson Green Rush gold Podcasts

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

mining

'We are potentially in a world of escalating prices over the long run' - Bart Melek on gold's draw

By Michael McCrae and Matt Watson

Kitco News
The Leading News Source in Precious Metals

Michael McCrae

Matt Watson

Tags:

Share

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mining

'We are potentially in a world of escalating prices over the long run' - Bart Melek on gold's draw

By Michael McCrae and Matt Watson

Kitco NewsThe Leading News Source in Precious Metals

Michael McCrae

Matt Watson

Tags:

Share

Kitco News
The Leading News Source in Precious Metals