Gold vs Copper: Where to Invest Now?

Gold vs. copper: where should you be investing now? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews David Finch, CEO of Ixios Asset Management, at the 2025 Mines and Money Conference in Miami. They discuss the current state and future outlook for investing in precious metals, particularly gold’s recent surge driven by central bank buying and physical market squeezes. Finch also shares his views on the gold mining industry’s challenges and the importance of free cash flow. The conversation then shifts to the copper market, exploring the reasons behind its recent price increase and the long-term demand driven by the energy transition.

Key points:
– Ixios Asset Management focuses on mining funds, including gold, energy metals, and copper.
– Gold’s price is driven by central bank demand and short-term physical market dynamics.
– Finch is bullish on gold but views the gold mining industry as having structural issues.
– Copper’s demand is expected to rise due to the energy transition and energy self-sufficiency initiatives.
– Commodity prices reflect immediate supply and demand, not necessarily future deficits.

*Special thanks to our sponsor, Goldshore Resources, for making this coverage possible. Visit https://goldshoreresources.com/ to learn more.*

00:00 Welcome: Ixios Asset Management
01:12 Gold Market Trends and Drivers
04:16 Investment Strategies in the Gold Sector
05:00 Challenges and Opportunities for Gold Companies
13:26 Copper Market Insights
19:05 Future of Copper Investments

Follow Paul Harris on X: @PaulHarrisGold (https://x.com/paulharrisgold)
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#copper #gold #mining

__________________________________________________________________

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@ELIOSANFELIU on March 7, 2025 7:30 pm

Copper of course¡¡In my view,copper remains price-positive in the long term¡¡¡Copper moves water;energy;information and money¡¡¡Also this red base metal is the big star in EV industry,the largest business of this century to mitigate climate change negative effects as well as to eliminate CO2 emissions globally¡¡¡Copper is very important in energy transition towards 2050(ZERO NET)¡¡¡Chile has the major reserves of copper in earth¡¡¡Chile produces 31,9% mine copper yearly all over the world¡¡CODELCO has 20% base reserves around this so wonderful world¡¡In fact,my country is a very rich geological source(Metallic and Non-Metallic resources)¡¡Also Chile has high -grade copper assets to be optioned to do exploration and geology on site here¡¡¡It's very important to increase mining exploration investments to look for new mines to develop them to have more fine copper production¡¡Without exploration we don't have nothing¡¡Only drems¡¡Today we have copper shortage ¡¡If you have a low global copper supply rate V/S a so strong global copper rate you'll have higher copper prices in the long term¡¡Market fundamentals are clear:Stocks are in low levels¡¡Chile has 4 important copper customers since many years ago::US;;China;;Japan and Germany¡¡Trump copper policy isn't dangerous to my country because we have market diversification lowing potential trade risks like at the moment¡¡¡IChina is the main driver of copper globally¡¡Base metals chinese demand is=35%-45% every year around the world due its serious demographic problem¡¡India will be the main global copper market costumer after China¡¡India is growing by 8% Y/Y(GDP is too much biggest)¡¡In fact,India is economic giant globally¡¡Copper is the best metal in energy transition as well as is a so positive macroeconomic indicator that is going to increase its importance in EV industry¡¡¡There are some junior companies doing exploration here like "Pampa Metals";;"Hot Chilli" and others too¡¡My country offers to foreign mining investment a low political risk;environmental permitting and an amazing infrastructure to do business¡¡The goal of each mining company is to have their focus on their returns,evaluations and forecasts using tools like US policy rates;US dollar and other index¡¡I suggest to institutional investors to incresae their exposure in copper market;Copper futures;;ETFs and physical copper because this red base metal is going up strongly¡¡US dollar price in Chile is =920 pesos chilenos today¡¡Our currency (Peso) will appreciate gainst US dollar and other currencies in global currency basket in the long term¡¡I think that copper wiil be a so intresting investment option this 2025¡¡¡We can be traded copper prices beyond a range=US5,15-US$5,50/LB LME CASH PRICE(SPOT MARKET) in Q1 2026 and Q2 2026¡¡You remember this famous date??:March 1974??Copper price was traded =US$8,74/LB (INFLATION ADJUSTED)¡¡¡Economic cycles are always changing like right now¡¡¡Chile is copper paradise globally¡¡You're welcome¡¡Best…

View 10 Comments

10 Comments

@covenant1231 on March 6, 2025 8:21 pm

These guys are so fucking boring.
@risencreep on March 6, 2025 8:55 pm

K = Scam
@alizz101200 on March 6, 2025 9:45 pm

AMK , TUD looks like a perfect time to get in 🚀
@jakirhossain-rm1pm on March 6, 2025 10:46 pm

ররত
@paulsteen7641 on March 7, 2025 3:11 am

‘Energy transition’ is that still happening? Trump thinks it’s all a scam 🤷‍♂️
@JasonISF on March 7, 2025 3:29 am

Umm, arrrr, Umm, aaaaah….
@thomashume6497 on March 7, 2025 7:39 am

Interesting guy. He is not your typical salesman miner. Suppose because he invests in the companies and does not actually start or run them.
@PrimaryIgnition on March 7, 2025 2:05 pm

When people say "energy transition" I tune out. Alt energy is simply an add-on, not a transition. Look at chart of global energy consumption over time.
@ELIOSANFELIU on March 7, 2025 7:30 pm

Copper of course¡¡In my view,copper remains price-positive in the long term¡¡¡Copper moves water;energy;information and money¡¡¡Also this red base metal is the big star in EV industry,the largest business of this century to mitigate climate change negative effects as well as to eliminate CO2 emissions globally¡¡¡Copper is very important in energy transition towards 2050(ZERO NET)¡¡¡Chile has the major reserves of copper in earth¡¡¡Chile produces 31,9% mine copper yearly all over the world¡¡CODELCO has 20% base reserves around this so wonderful world¡¡In fact,my country is a very rich geological source(Metallic and Non-Metallic resources)¡¡Also Chile has high -grade copper assets to be optioned to do exploration and geology on site here¡¡¡It's very important to increase mining exploration investments to look for new mines to develop them to have more fine copper production¡¡Without exploration we don't have nothing¡¡Only drems¡¡Today we have copper shortage ¡¡If you have a low global copper supply rate V/S a so strong global copper rate you'll have higher copper prices in the long term¡¡Market fundamentals are clear:Stocks are in low levels¡¡Chile has 4 important copper customers since many years ago::US;;China;;Japan and Germany¡¡Trump copper policy isn't dangerous to my country because we have market diversification lowing potential trade risks like at the moment¡¡¡IChina is the main driver of copper globally¡¡Base metals chinese demand is=35%-45% every year around the world due its serious demographic problem¡¡India will be the main global copper market costumer after China¡¡India is growing by 8% Y/Y(GDP is too much biggest)¡¡In fact,India is economic giant globally¡¡Copper is the best metal in energy transition as well as is a so positive macroeconomic indicator that is going to increase its importance in EV industry¡¡¡There are some junior companies doing exploration here like "Pampa Metals";;"Hot Chilli" and others too¡¡My country offers to foreign mining investment a low political risk;environmental permitting and an amazing infrastructure to do business¡¡The goal of each mining company is to have their focus on their returns,evaluations and forecasts using tools like US policy rates;US dollar and other index¡¡I suggest to institutional investors to incresae their exposure in copper market;Copper futures;;ETFs and physical copper because this red base metal is going up strongly¡¡US dollar price in Chile is =920 pesos chilenos today¡¡Our currency (Peso) will appreciate gainst US dollar and other currencies in global currency basket in the long term¡¡I think that copper wiil be a so intresting investment option this 2025¡¡¡We can be traded copper prices beyond a range=US5,15-US$5,50/LB LME CASH PRICE(SPOT MARKET) in Q1 2026 and Q2 2026¡¡You remember this famous date??:March 1974??Copper price was traded =US$8,74/LB (INFLATION ADJUSTED)¡¡¡Economic cycles are always changing like right now¡¡¡Chile is copper paradise globally¡¡You're welcome¡¡Best…
@911aircooled5 on March 8, 2025 4:52 am

Buy TSXV.HCH, they have loads of both Cu and Au, and Ag. PFS in Mar25.

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