Chain of Wealth

E28 – Peter Hug from Kitco

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A frequent speaker at precious metals conferences and in the financial media, Peter is one of a handful of experts who have succeeded through multiple bull and bear cycles using skills honed during the dramatic fluctuations of the 1980s.

Prior to joining Kitco, Mr Hug served as Senior Vice President at Guardian Trust Company, now a part of Laurentian Bank, which became one of the largest international trading houses for precious metals.

Mr. Hug developed the first precious metals certificate program and the first margin trading accounts for metals on the cash market.

Welcome Peter!
[3:17] Tell us a bit about yourself.
·       Graduated from University of Toronto
·       Lives in California

[6:34] Why should I consider buying gold?
·       What is the motivation?
o   Apocalypse
o   Conservative investor
o   Traders
o   Collectors

[14:33] What’s the difference between buying gold and buying silver?
·       Gold is more pure
·       Silver follows/ out preforms gold in a bull market
·       Silver is an industrial metal

[16:12] How do you actually buy gold or silver?
·      Traders- futures market
·      Investors- Mining sector/ buy bars

[17:19] How do I know I’m getting a fair price?
·       Standard Gold delivery bars
· gold charts

[20:6] Can I insure it?
·       Stored with a dealer= fully insured and protected
·       Store at home- can insure it with your home policy (like insuring jewelry)


[21:15] Chain of Wealth – Are you looking for great actionable advice you can really use to bring about a financial change in your life?

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[21:49] Why do you think people fail at reaching their dreams?
·       Impatient with their goals
[24:15] How can listeners get in touch?
·       You can email him here.
[25:8] Any last advice?
·       Think your purchase through
·       Do your research

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Chain of Wealth

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The Chain of Wealth podcast is a biweekly podcast boasting over 500,000 downloads. We interview inspirational guests about money topics. You can learn more about us here.

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