More than 25 years ago, in October 2000, the CPM Group recognized the emergence of the gold and silver renaissance, a structural, long-term increase in global investor demand for gold and silver that would reshape these precious metal markets for decades to come.
In this presentation, Jeffrey Christian of CPM Group and Lon Shaver of Silvercorp discuss the state of the renaissance, the driving forces behind it, and whether it might now be entering an accelerated phase.
In recent months, gold and silver prices have risen sharply. While investor demand for both metals has continued to increase, the price movements of these commodities now show significant short-term volatility. CPM does not see this as the peak of a long-term cyclical and secular rise in metal prices, but merely as an intermediate stage in a fundamental shift in the global economy and the gold and silver markets, which will continue for a long time to come.
Jeffrey and Lon discuss the underlying economic, political, and financial factors that support the historically high investment demand, the persistence of gold and silver at current price levels, and what the next phase of this long-term bull market might look like.
00:00 Introduction: Why this webinar right now?
01:13 The thesis of the “Renaissance of Gold and Silver” (since 2000)
05:20 Record prices: Top signal or continuation?
07:16 What drives investment demand (short/medium/long term)?
13:26 What could reverse the trend (interest rates, growth, deficits, geopolitics)?
15:41 Recession
