The strong performance of gold in 2019 reflects the immense change that has taken place in the gold market. Over the latest economic expansion, gold had traded in an unexciting range and the benefits of a gold allocation were devalued. In our view, Gold mining companies were also being penalized for the costly missteps of previous regimes. Then this year, economic and geopolitical shifts formed the foundation for what looks likely to be a new long-term bull cycle for gold, at a time when gold companies have continued to find innovative ways to create shareholder value.
VanEck Portfolio Manager and Gold Strategist, Joe Foster, will share insights on how these factors have created a new standard for gold on both a macro and micro level. Investors, including central banks, are looking to gold as a hedge against economic uncertainty and currency debasement. Joe will also explore similarities and differences between today’s and past market cycles to see what they suggest about where we may be headed, as well as how gold companies have transformed their business models while incorporating environmental, social and governance (ESG) practices.
Join us for a discussion on:
Economic and geopolitical risks underlying gold’s steady rise
Comparisons of gold today and in past market cycles
ESG initiatives among gold companies
Gold stocks vs. bullion in a gold bull market
Sponsors of this webcast may contact registrants.
Speaker:
Joe Foster Portfolio Manager and Strategist VanEck
Portfolio Manager for the Gold Equity strategy
Senior Analyst for the Global Hard Assets strategy; specializes in Precious Metals
Oversees the Gold Equity team; responsible for asset allocation, company research, and stock selection
Investment Management Team member since 1996
Prior to joining VanEck, 14 years of dedicated experience in geology and mining; conceived and led key mine site and exploration programs
Previously a senior geologist at Pinson Mining Company; managed geology department;responsible for exploration, mine life extension through gold reserve discoveries, andcoordinating projects with other mining departments
Formerly a mine exploration geologist with Pinson Mining and an exploration geologist atLacana Gold Inc. (Reno, Nevada); planned and supervised the firms’ exploration drilling
Media appearances include CNBC, Reuters, and Bloomberg Television; quoted in The WallStreet Journal and Barron’s, among others
Contributing author for Mining Engineering, Society of Economic Geology, and GeologicalSociety of Nevada
MBA, University of Nevada-Reno; MS, Geology, Mackey School of Mines; BS (magna cum laude), Geology, Tennessee Technological University