Maurice Jackson Interviews Jayant Bhandari

We are happy to present another interview conducted by Maurice Jackson of Proven and Probable with our friend and frequent contributor Jayant Bhandari, a specialist on gold mining investment, the world’s most outspoken emerging market contrarian, host of the highly regarded annual Capitalism and Morality conference in London and consultant to institutional investors.

 

As soon as Jayant touches down in London, he is accosted by microphone-wielding young women eager to hear what he has to say…

Photo via financialpost.com

 

Here is a brief summary of the topics Jayant discusses in the interview:

 

  1. An overview of a recent speech he delivered in London entitled “Gold in India: Current Market Dynamics and Future Opportunities” (Indian street prices of gold are 10% above prices elsewhere in the world, but they should be even higher – why is that so?)
  2. Recent political developments in India, where cows (which are considered sacred animals by many people) have become more popular than seems to be good for anyone walking on fewer than four legs.
  3. The increasingly dire situation in another submerging market, namely South Africa.*
  4. A developed market that seems set on becoming a submerging market, namely British Columbia in Canada. After an election in early May delivered a hung parliament, the province is threatened by a shift to the political left, with socialists and greens joining forces to form an authoritarian watermelon. A long list of outrageously absurd anti-free market policies are now hanging like the sword of Damocles over what was up until now the fastest growing region in the fastest growing G7 economy. Billions in planned investments in energy projects are inter alia at risk (those of the economically viable sort, not the cronyism and theft that is euphemistically referred to as “alternative” energy).**
  5. Recent arbitrage opportunities developing in gold mining stocks.
  6. A reminder regarding this year’s Capitalism and Morality conference, which will host numerous very interesting speakers – there is still time to register.***

 

Maurice Jackson speaks with Jayant Bhandari

 

Footnotes / Links:

 

* Here is a link to a previous interview of Jayant by Maurice on the topic of submerging markets: “Buyer Beware”.

**As an aside to this, a delicate detail is that British Columbia is also home to the infamous Vancouver property bubble, which the watermelons have sworn to rein in. That may sound like a commendable idea in principle, until you find out how they want to go about it – they simply plan to raise taxes further. How very original!

*** Other links referred to in the interview:

Jayant’s web site

Schedule, details and registration link for this year’s Capitalism & Morality conference in Vancouver on July 29, 2017.

 

Bonus Chart: Real Estate Insanity up North

 

A price chart illustrating the enormity of the Vancouver housing bubble, which has recently exhibited rather stunning volatility – often a sign that the big denouement is close. It probably doesn’t really matter what anyone does or doesn’t do about it at this stage… but if the watermelons hasten its demise, they are bound to inadvertently become the “owners” of the debacle – click to enlarge.

 

 

 

Emigrate While You Can... Learn More

 


 

 
 

Dear Readers!

You may have noticed that our so-called “semiannual” funding drive, which started sometime in the summer if memory serves, has seamlessly segued into the winter. In fact, the year is almost over! We assure you this is not merely evidence of our chutzpa; rather, it is indicative of the fact that ad income still needs to be supplemented in order to support upkeep of the site. Naturally, the traditional benefits that can be spontaneously triggered by donations to this site remain operative regardless of the season - ranging from a boost to general well-being/happiness (inter alia featuring improved sleep & appetite), children including you in their songs, up to the likely allotment of privileges in the afterlife, etc., etc., but the Christmas season is probably an especially propitious time to cross our palms with silver. A special thank you to all readers who have already chipped in, your generosity is greatly appreciated. Regardless of that, we are honored by everybody's readership and hope we have managed to add a little value to your life.

   

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One Response to “Jayant Bhandari on Gold, Submerging Markets and Arbitrage”

  • Hans:

    Stock miners are screaming buy. Why you axe?

    Go back to June of 2009, when Au was selling for around $950
    per ounce and stocks like GG and ABX were priced at almost
    twice the current level.

    One thing is for certain, they were either overpriced or they
    are now selling at a substantial discount.

    Another factor certainly to drive precious metals prices, is America’s
    decline in civil respect for law and order! Whether it be the streets of
    Murdermore, (record high of homicides 2016) Chirack, Soros’ BLM LLC
    or NoKo, expert this nation to pay the price for the tenure of the
    Bush/Barrocko failed leadership, especially Hope and No Change.

    The campaign to scuttle The Donald’s Conservative agenda, will remain
    operational until next year’s elections. Ill winds await for the hapless
    Socshevikes!

    I am sorry to say but America continues to devolve. The Swamp will quickly
    become a Cesspool.

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