L2 Capital

In today's episode, Marcelo Lopez spoke with Simon Mikhailovich, co-founder and manager of the Tocqueville Bullion Reserve, which he describes as a global solution for those who wish to have gold and make use of a complete infrastructure with fiduciary responsibility and alignment of interests, allowing the purchase directly from the refiners. At the beginning of the conversation, Simon draws a distinction between having gold as a form of investment and having it as a safe haven. For both cases, he highlights how to position and the incredible features of the yellow metal. Simon and Marcelo conduct an interesting discussion of gold price performance since the peak in 2011, and ponder the effects of asset inflation, central bank intervention, currencies, confidence and how the “insurance policy” works. Simon Mikhailovich makes a detailed analysis of the differences between the sentiment and behavior of Americans, Russians and Chinese in relation to the acquisition of gold, with a historical and political conte