Carl discusses how he became an investor and his background in real estate. Very early on he realized he wanted his money to work for him. The career that offered the best chance for this was investing in real estate. He picked up an MBA and worked in the finance industry for a few years. He went on to build and own a shopping center. This was a business that produced steady cash flow. He says cash flow is of particular importance to him.
He saw opportunities in investments like the oil and gas sector as well as much of the resource markets. He is fond of streaming companies with their royalties.
Investors need to recognize the difference between good and bad debt. Good debt is money that you can put to work for you that makes you more money. Bad debt is credit card debt that just costs you money. He likes to build up a depreciation base which allows him to protect the income from excess taxes.
He discusses how money is made by being a general partner of a limited partnership. He...
Amir discusses the uranium market and the growth opportunities with nuclear power. The world’s population is growing, and everything needs electricity including electric vehicles. In the long-term, we can’t satisfy our energy needs just from renewables. Any balanced energy portfolio needs to have nuclear energy exposure. Today there are only ten companies in the world that mine uranium. Nuclear energy is carbon-free, and it takes very little uranium to produce incredible amounts of energy. These are things that drove Amir to get into the uranium business in 2005.
Uranium Energy Corp. wants to be a leading producer of uranium in the world. There used to be over 30,000 U.S. jobs mining uranium, but today there are only 400. For any commodity, you want multiple supply sources, and almost all of U.S. uranium is imported. In 2005, Amir looked at the uranium sector, and he realized that a lot of exploration was taking place in Canada but none in the United States. Several...
Jordan discusses Skyharbour Resources and how they invest in uranium projects in the Athabasca region of Saskatchewan. This area is the most massive highest grade depository of uranium in the world. His company explores and looks for uranium deposits in this region. They have accumulated several prospects and projects. They are one of the few surviving businesses that remain in the uranium space.
The uranium business has been a tough one over the past few years as the price is below the cost of production. Something has to give in the market, and we finally see some good news regarding production cuts. These have been made by Cameco which will hopefully help reduce whatever remaining supply is in the market which will allow the uranium price to rise.
He discusses Denison Mines projects who has recently found some of the highest grades of ore ever drilled. Uranium is increasingly used for power plants in places like China and India where air quality is important. Nuclear is a clean...
Starting with strategy, Amir explains that the key to understanding gold mining is recognizing that the commodity business is a very cyclical. In the last 15 years, there have been three bear markets and three bull markets for the gold sector. The valuations for gold mining projects tend to be extremes of either bearish or bullish.
He recognizes that the gold mining sector is running out of resources and reserves. They try to consolidate during bear markets on those projects that have been drilled out. If there is a known resource you’re not taking on high risks hoping to find something new. You’re not laden with overhead costs and operations which could be difficult to have especially in a bear market.
Correction: This episode is about the gold mining sector, the episode with Amir on uranium will be out soon. We apologize for any confusion.
In the last six years, Amir’s company has made acquisitions and now have one of the largest pre-production gold portfolios...
Teeka writes financial newsletters for a research group and is particularly happy with their cryptocurrency newsletter. He says, “Many people when they look at the space they think its crazy and they don’t understand the value. Many assume that it is too late to invest.”
Governments have had a history of confiscating private assets and gold. Cypress was a good example of this as is current events occurring within Saudi Arabia. When states get desperate, they will steal money from their citizens. So having some of your wealth beyond the control of anyone is a very valuable hedge.
The critical thing to understand with bitcoin is that for the first time in history there exists a form of money that is beyond anyone’s ability to confiscate. If you keep your private keys safe, no one can take these assets from you.
He explains how blockchains allow for a shared ledger amongst multiple participants. Any new entries in this ledger are verified and cannot be...
Doug discusses how he became interested in paleontology, geology and natural resources at a very early age. After university, he came across a book by “Henry Hazlitt” and another from “Harry Brown” which taught him about Austrian Economics and the benefits of precious metals. These areas of research were a natural fit for Doug and thus led him to become involved with mining stocks and mining financing.
There is very little reliable economic education in the United States, and most of it is of the Keynesian viewpoint. Which is the concept that the government should try to control and manage the economy like it is a machine instead of letting the free market decide?
He prefers the Austrian economics view which is a much more hands-off approach. Natural resources are crucial to modern society, and like agriculture and farming, many people have no idea where products originate.
Doug is writing a series of novels, one of which is called Speculator that discusses...
Frank talks about the volatility or the Bitcoin industry and points out that usually when everybody is talking about it and it’s “hot” that is a sign that you have to get out of it. Emphasizing to be very careful when investing in bitcoins because when it’s got high usually, that when it crashes and assets don’t usually get high as quickly as that so be cautious, be smart and take advantage of the market.
Talking about debts, when markets come down, usually they’re bullish at the top and those at the bottom perish and when this happens, the government it there to mediate and make money.
How the market moves are when people are talking about something, there will always be one entity that will make a need for something else to make money out of it. Be mindful of the risks which are those that you can’t see and not those that...
“Know what you don’t know, know your advantage in the market and most importantly, know what game you are playing in!” -Marin
Investing in Natural Resources and Mining is a great opportunity because you can have access to the best projects managed by the best-proven winners and everything people are using today like cars, phones, accessories, food requires natural resources!
An example is The Pebble (a Northern Dynasty project) which was on its lowest when it was introduced in the market and nobody wanted to consider it. One company believed and took advantage of its value (back then) of $45 Million which eventually became $4 Billion.
Investing requires patience and the ability to handle the pressure of prices fluctuating. When making a bet thus it’s important to know what you don’t know, know your advantage in the market and most importantly, know what game you are playing in!
Talking Points From This Week’s Episode:
• The real potential of...
“This is (December) is the most important time of the year when you can put in place what’s needed to ensure you minimize your taxes” – Amanda
The rich don’t pay much taxes as compared to middle-income earners and the Cash Flow Quadrant by Robert Kiyosaki who is the author of Rich Dad Poor Dad suggests that there are four types of earners and those on the left side of the quadrant are paying nearly 50% tax.
Matt and Amanda from Keystone CPA suggest that the reason why you may not be successful at saving is due to having spent 80% of your income for taxes and housing and you haven’t even eaten yet! So for you to save, you need to reduce your highest expenses by using the tax codes and invest in those types of assets!
So if you understand American taxation well enough, it is designed in a way that the government will make people provide jobs for the community. So for investors, business owners and the like, take a look at what Matt and Amanda...
Real estate-focused investments are the main focus of Sep and his company. Having been able to take control of his life and be his own boss, he has been focusing on helping others do the same. He has been a full-time real estate investment professional for about three years and hasn’t looked back at all. Letting go of fear and not looking back is what has brought him this far.
Having gotten guidance from his tax advisor Sep was qualified to be a professional real estate investor and gained major tax advantages. Even though he was working fewer hours at his job he began to bring in more money. This has led to him to completely give up his day job.
There are opportunities in every market and every market cycle. As long as there is value in what is being invested in there will be a return. Sep says that these opportunities can quickly evaporate as markets can both give and take equity. There have been many market corrections throughout the recent years but with a more resilient...