A Visit with John Hathaway of The Tocqueville Gold Fund

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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

J Siefert's picture

Swiss Girl yodeling in church

Nadja Räss in the Kloster Kirche in Einsiedeln (12:35 up to ca. 16:30 min only)

Marcrward's picture

Silver

Thanks

marchas45's picture

Am I

4th? Keep Stacking

billhilly's picture

nope...

I AM MARCHAS !!!!!!!

--------------------------------------------------------------------------------------

Turd Ferguson's picture

And here's today's KE audio

MODERATOR
JackPutter's picture

The question of shorting BTC

There are ways to do it, yet these have to be done through an etf ownership of some sort.  The structure is different than most other markets, it is still a derivative.  I heard that the Winklevoss guys are putting something together.  There is already another one that exists and it sounded almost like you have to be a shareholder and own a portion of the pool to participate.

At least when you short trade other types of investment those markets are more mature.  Governments and bankers are still trying to wrangle control of how they see BTC, let alone actual control of it.

Rakka's picture

awesome

Turd

awesome interview w/ JH

Longstreet's picture

Retract re Hathaway

Sorry...He said Surprisingly and not Fraudulently

The Wetback Surgeon's picture

BLSBS

Trump was probably the first major political figure to cast doubt about the veracity of the unemployment figures.

Now that he is POTUS, wouldn't it be great if he made them publish real numbers?

Do you think there is any chance of that happening Turd?

indiana rod's picture

John Hathaway

John gave me a 40% gain on my gold fund last year. Thank you.

Turd Ferguson's picture

Jeez Louise

MODERATOR

Look at this. If ANYTHING is begging for a contrarian point of view, it's this...

Turd Ferguson's picture

re BTC

MODERATOR

Looks like last month's drop was nothing more than a well-needed speculator washout.

Dirt_Reynolds's picture

Shorting BTC

Step 1: Create urgency to own.

:o

I may be channeling Jordan Belfort, too.

Edit: Lucy always pulled that motherfucker away.

#keepstacking

Turd Ferguson's picture

well this is interesting

MODERATOR
Rainforest's picture

Silver @ Spot

JM Bullion, 10 ounces, 1 per household. that will be all..........

http://www.jmbullion.com/starter-pack/

Silver Sooner's picture

Wars...

usually start on Fridays, right?

mavens's picture

Posted in a previous thread... TURD!!!!...

(had I not received a couple hat tips on this, I wouldn't be re-posting, but evidently some others agree this might be fun)

Turd, this might be a dumb idea...

...but have you ever considered reaching out to the dudes on Gold Rush for an interview?  It would be interesting to see if they are aware AT ALL of the paper price BS, and that what they are mining is very likely worth magnitudes more than what they are able to sell it for.  Parker Schnabal seems like a pretty bright kid, he might get it...  Todd Hoffman is kind of a dipshit, but I like him and he's probably dumb enough to start bitching about it on the program and get some more exposure out there.

Other than that, it might be a fun interview to listen to anyway.

Just a thought...

And what if this did lead to a "story line" in Gold Rush, and became a "cause" for the miners to fight the power and generally bitch about on camera???  It could, I mean, hell, they are in it for the money, right?  Why wouldn't they bitch if they were to gain awareness on this topic?

Turd Ferguson's picture

Ugh

MODERATOR

Let's hope not.

Response to: Wars...
Turd Ferguson's picture

I have to admit that I have

MODERATOR

I have to admit that I have no idea who/what Gold Rush is.

surfeitndearth's picture

USD/JPY @ 112.56

Hmm... looks like ole Kuroda has soy-sauced the tatami mat! 

mavens's picture

Gold Rush

Srsly brah?  lol, I can't believe it...

http://www.discovery.com/tv-shows/gold-rush/

Rainforest's picture

Turd - Gold Rush

Is the mining show on Discovery.

http://www.discovery.com/tv-shows/gold-rush/

Turd Ferguson's picture

Ukraine

MODERATOR

Here's what SilverSooner is referencing:

 

Response to: Ugh
Turd Ferguson's picture

Gold Rush

MODERATOR

Thanks for the heads up. 

Libero's picture

I love Gold Rush

My wife hates it.

Turd Ferguson's picture

More info on JPM case

MODERATOR

Again, JPM DOES NOT WANT THIS TO GO TO LEGAL DISCOVERY and now it appears that it will. VERY good news for us.

http://www.zerohedge.com/news/2017-02-02/jpm-silver-rigging-dismissal-overturned

Turd Ferguson's picture

fwiw

MODERATOR

SGE silver premium rapidly expanding back out now that the exchange has reopened.

SaratogaPrepper's picture

February 2nd, the day when

Turd Ferguson's picture

And this was terrific

MODERATOR

Watched this live an hour ago. Sad and pathetic how the precious snowflakes react when confronted with views they find objectionable. A university should be a place for learning, discussion and exchange of ideas where points of view are challenged and thoughtfully considered. Instead, we get firebombs and riots. Maddening.

From Milo to Madonna, free speech MUST BE PROTECTED otherwise the descent into tyranny is unstoppable.

surfeitndearth's picture

@USD/JPY 113.09

Whoops! Kuroda-san-dog return to vomit. Suck up now!

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