Unprecedented Discrepancy Between Gold Prices and Equity Valuations - Ross Beaty

Ross Beaty, the Chairman of Equinox Gold, dives into the gold market, revealing insights from his 39-year career with Kitco News Anchor Jeremy Szafron. Beaty discusses the unprecedented discrepancy between gold prices and equity valuations, describing it as the most significant he's witnessed in decades. He also explores the broader commodity space, including copper's vital role in the green energy transition and the evolving dynamics of silver. Beaty shares his bullish outlook on gold and silver markets, reflects on his transition towards environmental philanthropy, and offers valuable advice for investors navigating the current economic cycles in the mining sector.
VRIC coverage is sponsored by Snowline Gold -
snowlinegold.com/
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
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00:00 - Introduction to Ross Beaty
01:41 - Ross Beaty's Macro Thoughts on Gold
04:28 - Disconnection Between Gold Prices and Equities
06:24 - Gold Market Predictions
07:51 - Investment Advice in Current Market
09:44 - Equinox Gold's Challenges and Strategy
11:35 - Predictions for Market Movement
14:02 - The Role of Copper in Green Energy Transition
16:49 - Consolidation in the Gold and Silver Market
18:41 - Ross Beaty's Involvement and Predictions
#gold #silvermarket #miningstocks #equinox #commoditiesmarket #copper #energy
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[@pauldichtel6410]

Nice to hear rRoss speak.

[@rudeawakening3833]

Great interview . I felt that he was being sincere , while talking his book .

[@catepons3319]

It would be hard to find a miner of note with better reputation for honesty.

[@Mitchx111]

My feeling exactly. Such a nice man.

[@cattlerustlinbob9098]

The disconnect between gold price and mining stocks is market manipulation.....so so easy to drive these thinly traded stocks down

[@jykl608]

Great content and great interview!

[@borsennews9261]

It's like he said. Noram lithium worth the stock in future 250€ the stock... Now just 14 cent. And they will go in few years in production. The same aztec minerals worth 1,5€ but only 0,14€ now. Argentina lithium the same. It's unbelievable... I hoped so cheap and the returns will be amazing!!

[@The_guy_on_the_internet]

"There's lots of copper in the world". Well, I hear from a LOT of experts in the sector that going forward, copper will have more demand than there is supply. The current known deposits even including the undeveloped ones, aren't enough to meet demand in the near future

[@vahjayjayaddict]

And they are all coming on line slower than in the past. It takes more than a decade to get a new mind built some nations. The easy copper has all been mined, they are now going after low grade bulk targets to produce the needed volume.

[@benbover5879]

Love seeing Ross fired up. Excited to see how these investments age

[@squirelly6175]

The guy is just another Gold mining fraudster.

[@ARKByte]

Big tech stocks have been stealing from miners and other sectors. We need to see the rotation out of tech stock to flip the miner to another side.

[@bullishforgold8790]

A real legend!

[@vfc1860]

Why does Canada not buy gold but instead FX reserves? Could be big trouble for Canada.

[@brian6x]

Not a smart time to load up on gold stocks when the market will crash and they will all tumble further. Sure, they are a bargain now, but they'll be an even bigger bargain soon enough.

[@regularcustomer8285]

Shamy draws in... like a hunchback.. juiced on a sentimental noose, " it could happen to yourself..I guess I'll never learn ☘ ooo"

[@leinad5243]

Very possible in a hard landing

[@regularcustomer8285]

@@leinad5243 the person who says this, the heart is not generated. Muwahaha

[@vfc1860]

Why are the PEs so high?

[@AlpineStacker]

Great to listen to this Dinos in the business

[@bradapotamus]

Great title

[@socalsilver6397]

Or, we could have positioned ourselves with a dozen uranium names. That has certainly offset any losses I’ve incurred in the gold/silver space. ⚛️👍🏼 Ross is great! He knows the biz

[@Holt817]

When has inflation gone down?

[@Bigchuckers]

Don't confuse inflation going down as prices go back to how they were.

[@krisc.2478]

EQX breaks out in Feb or early March

[@krisc.2478]

I am in Barrick, watch it go

[@yoSepher]

same, im in HEAVY on barrick

[@gobot581]

Nem?

[@Guerrilla727]

I just got into paas and first majestic after hours today 😊

[@yoSepher]

@@Guerrilla727 I'm in heavy on Barrick and First Majestic. lol

[@Guerrilla727]

@@yoSepher Heck yeah Barrick looks good as well. Cheers and best of luck

[@kingdigibyte9722]

Scottie and Thesis ❤

[@14Unow]

If Stock market crashes in mid to late 2024 which is likely then gold mining stocks will fare no better. Gold value itself will also decline and this follows a historical patten once stock values decline rapidly. The upside is that post stock market lows, Gold prices will take off, and maybe silver as well. Time will tell.

[@ARKByte]

Perhaps miners are factoring in a hard landing predicting that the market will down.

[@sancheezyfilms6134]

I have 20k invested in GDX etf waiting for the pop

[@b4bmm]

Ross has been talking about selling Lumina gold "soon" for about three years.

[@pjharper71]

I'd say he's waiting for better mining valuations.

[@b4bmm]

@@pjharper71 Id say he's not had a buyer

[@torceridaho]

A handful of stellar gold developers? TIA

[@torceridaho]

Favorite gold developers? Thanks

[@johnvandegraf2000]

i-80 gold thats the best

[@thomasschultz1614]

We need a correction in the paper so we can get the real wealth from Gold we also need JP Morgan to stop suppressing and paying the fines to suppress every other country is benefiting from the low price mostly stating our enemies the common Americans don't know about gold or can't buy it because of the weak economy and lack of jobs

[@geraldhowse8597]

Stock price is low= buyers aren't there. Genus!

[@regularcustomer8285]

The remedy is Share HOLDERS & Buybacks

[@Bigchuckers]

@regularcustomer8285 Gold producers won't blow capital on buybacks when all the minnows are cheap..

[@geraldtong4414]

Sales pitch.

[@aerogain]

These companies only fill contracts for production - they couldn't care less about dividends. Do as the romans do - dig it up!

[@ultrafeel-tv]

Would Kinross Gold possibly be a good investment, or even a takeover candidate?

[@BrianHeimbuecher]

They're still digesting their Great Bear purchase from 2 years ago.Great Bear is in Canada, with amazing potential; there are so many miners with stakes in let's say unfriendly jurisdictions (First Quantum comes to mind). And that unfortunately includes Kinross. While I don't give investment advice, I don't think a basket of companies with North American projects would be a bad thing. Rio Tinto has been looking for North American assets, and maybe one of the eggs in that basket I mentioned could belong to the golden goose! Best to you.

[@ironworker5792]

Agree. Safe jurisdiction American + Canadian mines the safest bet.

[@c00per69]

New would be gold buyers are now buying cryptocurrency it seems. NGT is at historic lows and not seeming to find a floor.

[@gregmassi2067]

A billion dollars of debt & a PE approaching 30. Stock is cheap??!!! B.S.!!!!

[@guilhemthomas2361]

Costs inflation

[@thetruth4829]

Cost of gold mining has gone up

[@Weetorp]

Miners are down cause of rates and inflation. Gold price is up less than their cost...

[@gregmassi2067]

The "Great Team" bullshit claim. I have heard that from gold mining owners forever!

[@userjoe4321]

Do you think Equinox doesn't have a great team?

[@maximumliberty]

Fing rediculous

[@pkl8811]

I hate owning gold stocks.

[@ASC63Funky]

Gold has not gone up your currency has gone down which means people have no spare cash to buy gold stocks. Which proves that Gold and Silver are a hedge against the printing of currency.

[@benroberts8489]

WRONG!!!! The big international bankers naked short sell PM stocks to keep you discouraged and out of the market. It makes their fake phony fraudulent fiat appear to have value when it has zero !!!!!!

[@datadash8378]

Lol this makes no sense

[@beauford731]

I'm buying gold stocks. Only b2gold Dividend is fantastic supported by a great balance sheet

[@iamtheonlygod1]

lol as markets are at all time highs

[@wolfgangwust5883]

Congratulations. You understood the Austrians.

[@leinad5243]

Gold stocks may be predicting a hit to gold is coming idk

[@gideon9057]

New generation is in Crypto. One of the reason why mining stocks are not going up.

[@SuperEddietv]

Gold is a hedge. Crypto is made up.

[@userjoe4321]

Crypto will unravel... it isn't real

[@davidmcdevitt9071]

Data is gold. Need a Data mine. Tesla

[@stephanvogt8038]

When you have heard to those analysts aoue are broken.They have no clue and are always wrong.

[@stephanvogt8038]

As long as those stocks are gambling stocks, no investor is taking money inside.The next hour the mones is away.

[@user-ph2qg1iz9u]

GROY

[@scotdoc]

First 😂

[@billhollywood3809]

The higher bitcoin goes the more gold I can buy

[@OUsniffsware]

Jabba

[@markmullen2500]

Pay big dividends.

[@jykl608]

the reason of the disconnect is because of cryptos now gold has a new competitor

[@userjoe4321]

There have always been a broad range of asset classes... nothing different

[@marsbetelgeuse7599]

Is he the "Michael Sailor" of the Juniors mining ? "Pick a stock , any, and buy" Take a loan on your house, sell everything you have and buy buy buy 😅

[@sambosok9]

no he’s no, Saylor is a fraud Ross is a real deal!

[@marsbetelgeuse7599]

@sambosok9 ....but somehow he can't explain why Juniors are dropping and gold is rising

[@DigitalDissident]

Gold stocks have been horrendous for years. Do not buy.

[@Ashnola]

Does Ross not know that Barrick invested $25M in Hercules?

[@nuki3234]

On one hole!

[@pkl8811]

Please expand.

[@geraldhowse8597]

Wow ceo of gold mine publicly bullish on gold. Really going out on a limb.

[@regularcustomer8285]

I want to know how this feels, I want to know how to love ♥, I want to know IF THIS IS REAL. ( tramps like Us , baby we were born to run )

[@user-jy9xe1uc8c]

If you stopped selling gold and silver for absolute buttons to the FED ,JPM and Comex ye might get somewhere. The CEOs of mining comps need to form a group similar to OPEC for far higher prices. The reason mining stocks are down is if mining stocks are low ye have to sell gold and silver for nothing and for that mine to survive, thats why JPM are fiddling every mining stock down, so PMs will always be dirt cheap, because your fighting each other, miner against miner rather than central banks who buy gold for absolute buttons.

[@stephanvogt8038]

Exactly that.

[@choosiewhoo1700]

Buy gold stocks. 😊😊😊

[@MIKEWHOSCO]

Lo environmental philanthropy, He's lost.

[@userjoe4321]

Why?

[@user-bz8dv3lx5x]

used-gold-salesman

[@userjoe4321]

Do your research buddy

[@user-bz8dv3lx5x]

@@userjoe4321 Pulls up equinox stock chart, lumina gold stock chart. Sorry for you loses. "buddy"

[@userjoe4321]

​@user-bz8dv3lx5x is that your research 😅

[@keepingitsimple88]

he looks terrible

[@userjoe4321]

Your character seems to be terrible

[@sancheezyfilms6134]

I have 20k invested in GDX etf waiting for the pop