He sees the setup for gold equities as ‘perfect,’ but said most western investors aren’t interested.
That’s because — particularly in the US — there’s a belief that the economy and stock market are strong, inflation is under control and the Trump administration will make all of these elements even better.
‘The narrative at the moment is just not favorable to gold investing — that will change, and I think it’ll change … when the stock market rolls over, and when it’s obvious that the economy is slowing,’ he said.
Watch the interview above for more of Day’s thoughts on gold, as well as gold stocks. You can also click here to view our Vancouver Resource Investment Conference playlist on YouTube.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.