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We are Vermeer Partners, and we’ve created this series to shed light on some of the topics running hot in the investment community today. With insights from industry experts in their own Golden Eras, we reveal some of the issues investors face in today’s often complex, investment world. Whether you are a seasoned industry professional or an enthusiast beginning your investment journey, we hope you gain some valuable insights and enjoy the series along the way. And if you want to find out more, please do get in contact with us.

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The information provided during any of Vermeer Investment Management's Art of Investment podcasts does not constitute investment advice nor should it be considered a recommendation to buy or an offer to sell a particular security or investment. It is not intended to address your particular requirements. Vermeer Investment Management Limited, Guests and Presenters may have positions in any of the investments discussed. Investors should remember that the value of investments, and the income from them, can go down as well as up. You may not recover what you invest. Past performance is no guarantee of future performance and your capital is at risk.

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  2. Gold & Silver with Ned Naylor-Leyland, Jupiter Asset Management

Gold & Silver with Ned Naylor-Leyland, Jupiter Asset Management

Oct 22, 2021

We take an in depth look at Gold and Silver this week with my guest, Ned Naylor-Leyland, Fund Manager of the Jupiter Gold and Silver Fund. Having known Ned for a while, this was always going to be a thought-provoking conversation!

 

Ned’s sceptical perspective led him naturally to Gold and Silver (1.45) and he explains why he is optimistic about the precious metals today given current market conditions (5.28). ‘The interplay between inflation and the ability of central banks to give you a return on savings’ is one of the relationships one must be aware of when investing in Gold and Silver (8.35).

 

We discuss the Jupiter Gold and Silver Fund, the objectives, his investment process and some parts of the world he avoids due to excessive operating risk (9.12). I then ask Ned how he shifts his portfolio between ‘attacking’ and ‘defensive’ positions depending on where we are in the economic cycle (11.14).  What does he mean by Silver being ‘Gold’s volatile sibling’? (13.02) And how does he carry out his fundamental analysis on Gold and Silver mining companies (14.57)?

 

We discuss the possibility of a great ‘reset’ (21.05). What will be the catalyst to drive Gold and Silver prices higher from here (24.07) and what is the role of it in an investment portfolio (26.05)? Ned has historically held Bitcoin so I ask him about it (27.27) and we finish with a couple of books to read with a gin and tonic in hand (29.07). 

 

Ned Naylor-Leyland:       https://www.jupiteram.com/uk/en/institutional/teams/ned-naylor-leyland/

Paul Dixey:                         https://vermeerllp.com/who-we-are/our-people/paul-dixey/

 

Literature:

Gold & Economic Freedom by Alan Greenspan

Gold Wars by Ferdinand Lips

The New Case for Gold by James Rickards