Video News/THE Mining Investment Event of the North 2024

Holders of mining equities have still not seen a big pay off, and that's partly due to cryptocurrencies, said Peter Grandich, founder of PeterGrandich.com. Grandich spoke to Kitco Mining on Tuesday at THE Mining Investment Event of the North in Quebec City. Year to date, gold has hit several all-time highs, and silver is up about 33%. Grandich attributed the run up to "tremendous physical buying" from Asia. "It's unlike anything I've ever seen in the 40 years," said Grandich. "[It] overcame the paper market, which has a tendency to be more bearish than bullish over time."