Materials Analyst/Strategist, Janus Analysis

Gaius King

Materials Analyst/Strategist

Janus Analysis

Thematic (Sector/Industry)

<ul>
<li>Evaluate "what is Money?" How does one maintain purchasing power (PPS) over time</li>
<li>Est. Berkshire cash holdings have lost US$15.7Bn in PPS over past 12-years</li>
<li>Eschewing Gold, Buffet over the same period has foregone US$88.5Bn NPV</li>
<li>Historical Gold demand/supply dynamics </li>
<li>Universal decline in PPS of Fiat currencies</li>
<li> GBP and USD have only retained 7.2% and 13.3% of their PPS over past 50-years</li>
<li>Rise of negative rates means that Gold is a form of cost free PPS</li>
<li>Crypto-currencies have no external assets to under-write their existence</li>
<li>Durability and non-counterfeitability preclude crypto-currencies as LT monetary mediums</li>
<li>Therefore, crypto-currency valuation revolves around personal view</li>
<li>
<a href="https://www.smartkarma.com/entities/spdr-gold-shares" target="_blank" data-smartkarma-citation="entities:8632:1" rel="noopener">SPDR Gold Shares (GLD US):</a> Recommendation: BUY </li>
<li>
<a href="https://www.smartkarma.com/entities/sandstorm-gold-ltd" target="_blank" data-smartkarma-citation="entities:25752:1" rel="noopener">Sandstorm Gold (SSL CN):</a> Recommendation: BUY </li>
<li><a href="https://www.smartkarma.com/entities/bitcoin-usd" target="_blank" data-smartkarma-citation="entities:25895:1" rel="noopener">Bitcoin (XBTUSD CURNCY)</a>: Recommendation SELL</li>
<li><a href="https://www.smartkarma.com/entities/ethereum" target="_blank" data-smartkarma-citation="entities:25896:1" rel="noopener">Ethereum (ETH BGN CURNCY):</a> Recommendation SELL</li>
</ul>


Evaluate "what is Money?" How does one maintain purchasing power (PPS) over time
Est. Berkshire cash holdings have lost US$15.7Bn in PPS over past 12-years
Eschewing Gold, Buffet over the same period has foregone US$88.5Bn NPV
Historical Gold demand/supply dynamics 
Universal decline in PPS of Fiat currencies
 GBP and USD have only retained 7.2% and 13.3% of their PPS over past 50-years
Rise of negative rates means that Gold is a form of cost free PPS
Crypto-currencies have no external assets to under-write their existence
Durability and non-counterfeitability preclude crypto-currencies as LT monetary mediums
Therefore, crypto-currency valuation revolves around personal view

SPDR Gold Shares (GLD US): Recommendation: BUY 

Sandstorm Gold (SSL CN): Recommendation: BUY 
Bitcoin (XBTUSD CURNCY): Recommendation SELL
Ethereum (ETH BGN CURNCY): Recommendation SELL


Canada

Sandstorm Gold Ltd. acquires gold purchase agreements with companies that have advanced stage development projects or operating mines.  The Company makes an upfront cash payment to its partners and receives the right to purchase a percentage of the gold produced, for the life of the mine, at a fixed price per ounce.

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Sandstorm Gold (SSL CN)

Gold Vs Cryptocurrencies

Evaluate "what is Money?" How does one maintain purchasing power (PPS) over time Est. Berkshire cash holdings have lost US$15.7Bn in PPS over past...

Gaius King

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