The overwhelming # of positive comments are so much appreciated. I've watched Jesse develop into a superb interviewer and remains humble during his rise.
I have listened to Peter Grandich several times, but this time he was so personally open and candid (if this is the correct word), especially about being wrong about junior miners. Really wise words.
Grandich is a great guest. Honest and transparent. I disagree with Peter on only investing in Canada and the US. If you listen to Dave Kranzler, he thinks the jurisdictional risks in many places are not as severe as people make it out to be. I invest worldwide. BTG is really cheap here.
@@goldismoney5899 his channel is crap you can no longer comment on any of his videos? He stopped taking comments because god told him it was time to stop taking comments because he was talking up Arizona Metals ! How do pets anyone know what stocks he owns? Did he show you his portfolio? Nope!
Stock brokers and financial advisors are actively discouraged from recommending, trading or investing in the junior mining stock sector particularily the Vancouver Exchange.....the Compliance desks at the major 6 banks stopped allowing their brokers from selling those stocks....add to this active Regulatory initiatives and the entire sector has been increasingly starved of risk capital since the GFC in 2008....and voila it is up to institutional investors and some small individual investors....but not the great unwashed who are absent from a sector that is not sexy but is critical to our society's ability to produce the desired goods and services such as Apple iPhones, EVs etc.....
I like how you display the date the video was recorded. This is exceedingly professional and much appreciated. So many other channels rehash stale interviews sometimes up to 2 years old and post it like it is new.
Peter is so awesome and humble. He's right about a lot of things and he's right about Jessie growing this channel and I love it. Thank you for having people like Peter on here.
Maybe I'm missing things in my own life, but that was a wonderful conversation (not a normal interview). Both are fantastic people doing great work, but Peter is so gifted & Jesse so open that this looked like a Grandson to Grandad talk. Wonderful stuff and still informative and thought provoking.
Sage words from a highly accomplished resource investor! 🙏 Thanks Jesse for having Peter Grandich on, and thanks Peter for your candid remarks. Resource stocks are not for the faint of heart 😂
I saw a chart last week; it was a bubble chart. One bubble with Nvidia and $3.3 trillion market cap and the top 50 miners semi circled with their individual market caps. That precipitated me thinking; if all 50 miners stopped producing all industry would stop. We'd be in a depression, all manufacturing, construction, energy production, etc. would stop within 60 days. With global just in time supply chains there not only would be a depression it would be accompanied with massive inflation. Let's say it was not that drastic and jus the 2 largest (BHP and RIO) stopped producing, there would be a massive spike in prices and would cause a slowdown within 60 days as there simply is not enough supply to cover for that loss. Then I thought, what would happen if Nvidia stopped, never made another chip and just went away? I am not sure much of the world would even notice.
I am not sure our GDP will go up to even match interest payments....l am looking down the road at tremendous costs associated to weather.... unfortunately l think we are overlooking how hard it will be to offset infrastructure and humanitarian expenses
The idea that the ruling class is unsophisticated and lacking knowledge of their ongoing destruction of the economy is madness imo. If their goal is to wreck the working class and allocate all the resources to themselves, they are doing a phenomenal job at it. This struggle has been present all through the annals of history.
@@gibboglemore like logical conclusions. If you want to live like a sheep with the wool pulled over your eyes, that's your prerogative. Anyone with eyes open and a brain the size of a pea can clearly see that we are constantly being lied to.
I was up on a couple of stocks, so I went ahead and sold and took some profit. Three month CDs at are almost 5.5%. Everything just seems expensive with the crazy idea that half a dozen or so companies can move an index like the S&P or NASDAQ as much they do.
I've purchased from ARK silver... Ian is outstanding, wonderful businessman! Great prices, great products. One of the best! Extremely satisfied customer! 😊😊😊
You mentioned "ESG red tape'. One of the reasons millenials are staying away from te juniors is because of a lack of environmental ethics of many mining companies - witness Victoria Gold.
I can tell Tell you where all the money's at....🥁.... it's in the sports books, general gaming and cannibis dispensaries!!! The common man/woman/trans isn't talking about stock tips, especially while high. They're talking about their favorite fantasy football team, online gaming, or favorite cannibis chip brand. These businesses are tremendous cash cows. Why isn't anyone talking about this??? You might want to consider bringing on some fresher perspectives on how the definition of commodities is changing, just saying.
Mr grandich could perhaps read about the terrorism exported from these same shores onto most of the poorest humanity in the rest of the world over the recent centuries.
I'd say Rick Rule is the household name, but he's made it no secret that only few juniors make it and that he's wrong on many of his holdings. On the other hand, the few ones that do work out tend to generate staggering returns. I believe he knows how to play the game and that the mining sector is a different beast that needs tough skin, patience and lots of due diligence.
@@mana7412 I had thought that it might be he, but I suppose that there are several other candidates. One thing I do know - you are right about needing some tough skin to hang in the mining sector. About now I have very little skin left, but I do love the game...Thanks...
@@mana7412 hilarious. It's def not Rick rule. There's plenty of candidates. Rule makes more in a year than grandich does in an entire lifetime. And not from selling newsletters.
Once we find out who Satoshi Nakamoto( one person, a sovereign, a corporation or group, or your favorite three letter agency) is, we will know why Bitcoin was created. Satoshi needs to remain anonymous so as to sell the million bitcoins without much fanfare. There is much profit in this endeavor for someone. Note: As open as the system is if you wrote the code, you have a way of moving money around. Once Mr. Nakamoto gets out who will be holding the bag?
Most junior miners are down. Sounds like you are sour grapes because of YOUR decision to buy Arizona metals. Grandich hasn't sold his shares and still stands by the company. Besides, no one was forcing you to buy. Do your own research and take responsibility for your actions.
@@goldismoney5899 have t sold mine either but yes it was him saying it the best junior to buy! Down but have t sold and yes sour because of his call to buy it! You’re hoping it will be up in a year and the other guy being up is total horse shite! Know one is up in the stock as it has been down down for the last 1.5 years. If someone is up it is on puts!
@@Matt794 like I said no one is up yet. I have t sold either and didn’t buy the top ! Like I said if you bought almost anytime in the last year your down!
The overwhelming # of positive comments are so much appreciated. I've watched Jesse develop into a superb interviewer and remains humble during his rise.
I have listened to Peter Grandich several times, but this time he was so personally open and candid (if this is the correct word), especially about being wrong about junior miners. Really wise words.
Agreed, I really enjoyed the conversation.
Grandich is a great guest. Honest and transparent. I disagree with Peter on only investing in Canada and the US. If you listen to Dave Kranzler, he thinks the jurisdictional risks in many places are not as severe as people make it out to be. I invest worldwide. BTG is really cheap here.
@@goldismoney5899 his channel is crap you can no longer comment on any of his videos? He stopped taking comments because god told him it was time to stop taking comments because he was talking up Arizona Metals ! How do pets anyone know what stocks he owns? Did he show you his portfolio? Nope!
Love BTG and own it in my personal account.
I tend to agree, personally I prefer to be geographically diversified to some extent.
Stock brokers and financial advisors are actively discouraged from recommending, trading or investing in the junior mining stock sector particularily the Vancouver Exchange.....the Compliance desks at the major 6 banks stopped allowing their brokers from selling those stocks....add to this active Regulatory initiatives and the entire sector has been increasingly starved of risk capital since the GFC in 2008....and voila it is up to institutional investors and some small individual investors....but not the great unwashed who are absent from a sector that is not sexy but is critical to our society's ability to produce the desired goods and services such as Apple iPhones, EVs etc.....
The current malaise you describe in the junior mining sector could be a bullish sign, since unpopular assets make the best investment returns.
Very well said.
Running out of money is my primary concern at 65, and this is the first time I have heard this addressed. Kudos to you
Great guest…..Peter is accurate and patient. God Bless him.
I like how you display the date the video was recorded. This is exceedingly professional and much appreciated. So many other channels rehash stale interviews sometimes up to 2 years old and post it like it is new.
I think it helps to provide context, glad you appreciate it!
Peter is so awesome and humble. He's right about a lot of things and he's right about Jessie growing this channel and I love it. Thank you for having people like Peter on here.
Maybe I'm missing things in my own life, but that was a wonderful conversation (not a normal interview). Both are fantastic people doing great work, but Peter is so gifted & Jesse so open that this looked like a Grandson to Grandad talk. Wonderful stuff and still informative and thought provoking.
Thank you for watching and for the kind words about the channel.
That's very nice of you to say. I consider Peter a good friend and so that must have come across in our conversation.
Great interview Jesse I love listening to Peter 👍
And I love chatting with him so it's a win-win.
Sage words from a highly accomplished resource investor! 🙏 Thanks Jesse for having Peter Grandich on, and thanks Peter for your candid remarks. Resource stocks are not for the faint of heart 😂
Awesome interview! Great information! Both outstanding individuals! 😊😊😊😊
Glad you enjoyed it!
I saw a chart last week; it was a bubble chart. One bubble with Nvidia and $3.3 trillion market cap and the top 50 miners semi circled with their individual market caps. That precipitated me thinking; if all 50 miners stopped producing all industry would stop. We'd be in a depression, all manufacturing, construction, energy production, etc. would stop within 60 days. With global just in time supply chains there not only would be a depression it would be accompanied with massive inflation. Let's say it was not that drastic and jus the 2 largest (BHP and RIO) stopped producing, there would be a massive spike in prices and would cause a slowdown within 60 days as there simply is not enough supply to cover for that loss.
Then I thought, what would happen if Nvidia stopped, never made another chip and just went away? I am not sure much of the world would even notice.
He is a visionary!!!! Thank you for this talk.
Thank you for watching!
Thanks guys. Excellent information 👌
Our pleasure!
Excellent discussion fellas. Thanks much for keeping it simple and straight. Much appreciated.
Appreciate you tuning in!
I am not sure our GDP will go up to even match interest payments....l am looking down the road at tremendous costs associated to weather.... unfortunately l think we are overlooking how hard it will be to offset infrastructure and humanitarian expenses
Mr Grandich isn’t giving them enough credit!!!! All of what’s going on right now is planned ….
That is madness, IMO.
The idea that the ruling class is unsophisticated and lacking knowledge of their ongoing destruction of the economy is madness imo. If their goal is to wreck the working class and allocate all the resources to themselves, they are doing a phenomenal job at it. This struggle has been present all through the annals of history.
@@anthonyperron6741 Paranoid delusions.
@@gibboglemore like logical conclusions. If you want to live like a sheep with the wool pulled over your eyes, that's your prerogative. Anyone with eyes open and a brain the size of a pea can clearly see that we are constantly being lied to.
I rarely watch this type of video all the way through, but I did this one. Thank you for your insight. God Bless.
Glad you enjoyed it!
There are about 10 to 15 Gold miners that are solid and absolutely undervalued.
Names sir
Beautifully spoken
What stock is he referring to that went south and got new management?
Arizona Metals. His largest position.
I was up on a couple of stocks, so I went ahead and sold and took some profit. Three month CDs at are almost 5.5%. Everything just seems expensive with the crazy idea that half a dozen or so companies can move an index like the S&P or NASDAQ as much they do.
Nothing wrong with sitting in cash.
There was some ageless wisdom here.
take care
rwmccoy
Enjoyed that Jesse
A discussion between Peter and Rick would be interesting
The best comodity guy i have ever heard.
Thank you
Thank you for watching!
Thanks for the interview. I learned a lot.
Great to hear!
Silvercrest Metals is the best run mining concern in the Western Hemisphere, bar none
Reserves could be stronger IMO.
You mistyped silvercorp
@@Basavraj-rq2gs Silvercrest is in Mexico
@@pauldichtel6410 Mexico or China? Couldn't think of 2 worse jurisdictions outside of India 😂😂
I've purchased from ARK silver... Ian is outstanding, wonderful businessman! Great prices, great products. One of the best! Extremely satisfied customer! 😊😊😊
That's great to hear, they certainly do get a lot of praise for viewers, glad you're among them.
You mentioned "ESG red tape'. One of the reasons millenials are staying away from te juniors is because of a lack of environmental ethics of many mining companies - witness Victoria Gold.
I can tell Tell you where all the money's at....🥁.... it's in the sports books, general gaming and cannibis dispensaries!!! The common man/woman/trans isn't talking about stock tips, especially while high. They're talking about their favorite fantasy football team, online gaming, or favorite cannibis chip brand. These businesses are tremendous cash cows. Why isn't anyone talking about this??? You might want to consider bringing on some fresher perspectives on how the definition of commodities is changing, just saying.
Man the only way we would have to worry abut water is if it ever stop raining. And anyway we would have cause we would be all dead
Mr grandich could perhaps read about the terrorism exported from these same shores onto most of the poorest humanity in the rest of the world over the recent centuries.
Anyone know the name of the household name Peter mentioned in the interview. I would love to know who that person is, and what Peter knows about him.
I'd say Rick Rule is the household name, but he's made it no secret that only few juniors make it and that he's wrong on many of his holdings. On the other hand, the few ones that do work out tend to generate staggering returns. I believe he knows how to play the game and that the mining sector is a different beast that needs tough skin, patience and lots of due diligence.
@@mana7412 I had thought that it might be he, but I suppose that there are several other candidates. One thing I do know - you are right about needing some tough skin to hang in the mining sector. About now I have very little skin left, but I do love the game...Thanks...
@@mana7412 hilarious. It's def not Rick rule. There's plenty of candidates. Rule makes more in a year than grandich does in an entire lifetime. And not from selling newsletters.
@@michaelpatrickmccarty4327 answer me something: how the fock would granddaddy grandich know Rick rules return 😂
Once we find out who Satoshi Nakamoto( one person, a sovereign, a corporation or group, or your favorite three letter agency) is, we will know why Bitcoin was created. Satoshi needs to remain anonymous so as to sell the million bitcoins without much fanfare. There is much profit in this endeavor for someone. Note: As open as the system is if you wrote the code, you have a way of moving money around. Once Mr. Nakamoto gets out who will be holding the bag?
Ask about Arizona Metals? Everyone that took that recommendation is down down and finally down.
Most junior miners are down. Sounds like you are sour grapes because of YOUR decision to buy Arizona metals. Grandich hasn't sold his shares and still stands by the company. Besides, no one was forcing you to buy. Do your own research and take responsibility for your actions.
Don’t buy tops. I’m up on Arizona Metals and suspect I will be way up over the next year or two.
@@goldismoney5899 have t sold mine either but yes it was him saying it the best junior to buy! Down but have t sold and yes sour because of his call to buy it! You’re hoping it will be up in a year and the other guy being up is total horse shite! Know one is up in the stock as it has been down down for the last 1.5 years. If someone is up it is on puts!
@@Matt794 like I said no one is up yet. I have t sold either and didn’t buy the top ! Like I said if you bought almost anytime in the last year your down!
Mining is a risky environment... get used to it!