James Davolos: Precious Metals Royalty & Streaming Deep Dive

Value Hive Podcast

Hey guys! This episode, we have James Davolos, from Horizon Kinetics, as a returning guest, sharing valuable insights on various topics. James discusses the nature of sticky inflation and the distinction between structural and cyclical inflation.

He also dives into the royalty business model in the precious metals industry, exploring its history and the concept of streaming agreements. James provides insights on exiting a royalty business and emphasizes the importance of conducting due diligence on high-quality royalty companies.

• [0:00] Inflation is going to be sticky
• [6:00] Structural vs Cyclical Inflation
• [12:00] Royalty Business Model in Precious Metals
• [15:00] History of the Royalty Business Model
• [20:00] Streaming Agreements
• [28:00] Getting out of a Royalty Business
• [33:00] Due Diligence on a High Quality Royalty Company
• [46:00] The worst time to be in a Royalty Business
• [1:02:00] More from James and Closing Questions

If you like what you heard, find out more about Horizon Kinetics here.

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