A Visit with John Hathaway of The Tocqueville Gold Fund

62

It was a thrill to get to visit with John Hathaway Wednesday evening. Not only is John a well-respected money manager, he's also someone who views the "gold market" in a manner that fits right in with TFMR. Therefore, please carve out some time to give this podcast a listen.

John Hathaway is Chairman of Tocqueville Asset Management where he's also the co-manager of the $1.3B Tocqueville Gold Fund. This is a traditional, actively-managed mutual fund that anyone can purchase within their investment accounts and IRAs. More background on the fund can be found here:

TGLDX_Factsheet_4Q16 by Turd Ferguson on Scribd

What's fun is that John sees the world in much the same manner as we do here at TFMR. As evidence of that, please scroll through John's latest letter to shareholders dated January 5 of this year:

Tocqueville Gold Strategy Letter YE 2016 by Turd Ferguson on Scribd

In this call, John and I discuss a number of issues, including:

  • The prevailing negativity to begin 2017...strikingly similar to the prevailing conditions as 2016 began.
  • The notion of a stronger dollar and higher interest rates in 2017 which we call The Generally Accepted Narrative.
  • Specific gold-positive fundamentals for 2017.
  • The inherent disconnect of the pricing power bestowed upon the synthetic gold market.
  • How and why mining shares are positioned to provide exceptional returns in the months ahead.

I think you're really going to enjoy this podcast and I hope to have John back again soon for an update.

TF

  62 Comments

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AngryCitizen
Feb 5, 2017 - 3:42pm

Nationalize The Fed When

"The system" crashes. Isn't that what was done several times before? After all, the Fed has been pulling currency into exisitance from nothing. To nothing it shall return! But let's just run up the tab a bit more before we pull the lever on that one, ok?

Ty: You read Armstrong. Do you know why the CBs can't just the buy up new issued bonds when the rolled over bonds mature? He sort of glossed over that question about who will buy. It seems like a no-brainer that they'd buy new issues when no one else is that stupid.... Just curious if his question was rhetorical or I missed something he's been saying.

SteveW
Feb 3, 2017 - 4:00pm

@mindblue

Link looks OK here. If you go in by that page you then have to load the soundcloud link on that page.

https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-2317

mindblueTF
Feb 3, 2017 - 3:27pm

Broken link...

Even the link on the Vault page will not load correctly... fyi.

https://www.sprottmoney.com/Blog/february-2-2017.html?platform=hootsuite

SteveW
Feb 3, 2017 - 2:32pm

CDG

Looks like it squeaked a close just above $1220 before being hit on the Globex.

goldcom
Feb 3, 2017 - 1:00pm

away we go@BillD

Good article but did anyone read the "comment section" which was a competing advertising frenzy by loan agents pushing easy money loans that certainly don't seem to be collateralized or secure as they should be. This kind of shit reminds me of 2007-08 all over again. The end game is getting closer.

https://www.thedailyeconomist.com/2012/03/dollar-losing-ground-in-brics-nations.html

CC Horses
Feb 3, 2017 - 12:30pm

Btc vs PM

What would the price of Silver & Gold be, if all the money that was put into BTC and the other ALT coins had gone into PM? If Only!!

AGXIIK I am right there with you brother, went all in PM in 2011 & 2012 with my average price now at $31. If only had gone into BTC instead. Hindsight is always 20/20. But I did not know or understand BTC at that time. I have 4 BTC now, thanks to JC and HumanMushroom for their encouragement to get some. Started buying 3 weeks ago at 850. At least it is in the green for now, which sadly is more than I can say for my PM. But it is mostly for my daughter anyway. So, I am hopefull she will reap the rewards of my recent years of misery. lol

BillD
Feb 3, 2017 - 11:59am
AGXIIK
Feb 3, 2017 - 11:35am

A couple of thoughts come to

A couple of thoughts come to mind while listening to Hathaway. The performance of his fund on the 5 and 10 year basis are weak for obvious reasons. He's a braveheart to go against every force of evil from the TBTF banks, Fed, GS Masters of the Universe, BLSBS, POTUS dark siders, Deep State and every other entity that works to hammer We, the people. Maybe 2017 will be different, particularly those of us who believe in specie, real money and our favorite hard assets

I wish that someone could come up with new news, some revelation that provides us some views of the future other than the dark gloomy stuff including mine.

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Sanford
Feb 3, 2017 - 10:56am

Where?

Where do you think on the list of problems this country faces would " Wall Street fraud, greed, corruption, manipulation, naked shorting, accounting chicanery, false statistics " fall? Give the man a break. What have you accomplished in the past 2 weeks?

The Doc
Feb 3, 2017 - 10:51am

That's OK

As a Canadian, he probably thinks that the field is too small and that you only get two plays before having to punt...

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