51: Kitco Global Trade Director, Peter Hug’s Views on Markets and Metals

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 26 April 2017

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Peter Hug is the Director of Global Trade at Kitco Metals Inc, which has retail and online departments for trading metals as well as a news division called Kitco News. Peter is one of a handful of experts who have succeeded through multiple bull and bear cycles using skills honed during the dramatic fluctuations of the 1980s. Prior to joining Kitco, Peter served as Senior Vice President at Guardian Trust Company, now a part of Laurentian Bank, which became one of the largest international trading houses for precious metals.

With equity markets surging, we wanted to hear from Peter on his views of precious metals, where they belong in your investment portfolio and how fed and geo-political variables can affect prices. Peter also shares with us daily operations at Kitco and some interesting insights to the purchasing of physical metals.

Links:

Kitco

Try Fundrise – Invest as little as $1,000 with this link (un-accredited Investors OK)

Where are we:

Peter - California

Discussed:

ILAB 38 – Chris Dunn: Bitcoin, Crypto-Currencies, and How to Profit

ILAB 21 – Silver Bullion CEO: Why and How to Buy Precious Metals

ILAB 12 – Real Estate Investing with Fundrise CEO Ben Miller

Book:

Emergency - Neil Strauss

Time Stamps:

03:15 - Peter’s background

04:57 - The face of Kitco

06:48 - Equity market since Trump's election

11:48 - Peter’s personal asset allocation model

12:48 - Should you buy gold?

21:14 - Hong Kong gold crafts

25:11 - Buying gold from the US government

30:10 - Silver and gold % in your portfolio

32:57 - Fed raises rates and inflation

34:50 - Buying mints for liquidity

37:23 - Agnostic gold

39:45 - Highest volume coin in retail store

40:44 - Who buys good delivery bars

42:38 - Johnny’s father is alive because of gold

43:59 - Stealing $20,000 of gold coin

46:06 - Carrying a gold coin in your pocket

49:26 - Trading Cryptocurrencies in the future

50:42 - Investing in precious metals

If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Transcript

Click on a timestamp to play from that location

0:00.0	Hey bosses. This week's sponsor is Fundrise, bringing you the future of real estate investing.
0:04.6	Get started for as little as $1,000 at Invest Like a Boss.com slash Fundrise. Find out more during the break.
0:10.6	Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD. We're self-made entrepreneurs
0:15.6	who invest our own money and use modern technology to invest like a boss. Join us each week
0:19.8	for exclusive interviews with our network of modern investors,
0:22.4	business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
0:27.3	Hey guys, it's Johnny FD, and welcome to episode 51 of the Invest Like a Boss podcast.
0:31.7	I'm here with Sam Marks.
0:32.8	Johnny, big high five and a hug for you.
0:35.3	And speaking of hugs, we have Peter Hug on this week,
0:38.5	who is the Director of Global Trade at Kitko Metals.
0:42.2	That was so corny. I love it. I got to mix it up every now and then. Definitely. So, to be
0:49.3	honest, I'm not that bit, you know, I don't invest in gold. I'm not that big of a fan of
0:53.2	investing in precious metals. But the reason I'm excited to listen to this week's episode is Peter is going
0:59.4	to explain who actually invests in precious metals, the four, you know, types of people that invest
1:05.1	and why maybe you should as well. Yeah, I'm super excited to hear his views. Also, you know,
1:10.4	the market's been on a tear since President Trump has been in office.
1:13.6	So I'm excited to hear like how metals play in your portfolio when a lot of people have
1:20.6	risk on.
1:21.6	A lot of people are investing in the equity markets now.
1:24.6	Who's investing in gold?
1:25.6	I want to know and I want to know does it belong in our
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Sam Marks Johnny FD Derek Spartz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Sam Marks Johnny FD Derek Spartz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.