Intelligent Investing #72 Glenn Leest, The Basics of Commodities Part 2

Intelligent Investing with Glenn Leest

Gold and Silver and Lithium

1. Gold, its been around forever and we used to tie our currency to it. What role does it play in our lives today and in our portfolios?

· Gold is one of the most valuable and sought-after metals in the world and has been used for thousands of years as a currency, a symbol of wealth, and in jewelry and decorative arts.

· The use of gold has evolved over time, from its use as a currency and a symbol of wealth to its use in electronics, dentistry, and medical devices. Today, gold is still widely used in jewelry and decorative arts, as well as in investment products such as gold bars, coins, and exchange-traded funds (ETFs).

· The price of gold is influenced by a variety of factors, including global economic conditions, political instability, inflation rates, and supply and demand dynamics. Gold is often seen as a safe-haven asset during times of economic uncertainty or geopolitical tensions, as it is considered a store of value that can preserve wealth even during times of market volatility.

2) What influences the price of Gold?

· Supply and Demand: The supply and demand of gold can also be manipulated, particularly in instances where there are fluctuations in the supply or demand of gold. For example, during periods of high demand, gold producers might withhold supply to increase prices, or during periods of low demand, gold producers might flood the market with supply to lower prices.

· Geopolitical Events: Gold prices can also be affected by geopolitical events, such as political tensions or conflicts that can impact the supply and demand of gold. For example, a disruption in gold supply due to political tensions can cause prices to increase.

3) How has Gold performed over the last 50 years?

· Its at $2009 an ounce now.

· In 1970 it was $36 an ounce.

4.Silver – How is that used and how is it compared to Gold?

• Silver has been used for thousands of years for currency, jewelry, and decorative arts, and is also widely used in industrial applications due to its high thermal and electrical conductivity.
• Silver is also widely used in the production of electronics, including batteries, solar panels, and computer components. It is also used in the production of mirrors, silverware, and photographic film.
• Industrial Applications:

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