Aug 15, 2023
Kerry Lutz and Dudley Baker discussed the current state of the resource sector and the potential for high returns in the future. Baker mentioned a service he subscribes to that predicts a cycle low in precious metal stocks, which could be causing the current down pressure on gold and mining shares. He believes that once these cycle lows have passed, there should be a big up move in the gold and mining shares, potentially leading to ten baggers or even x one thousand percent returns for investors.
Baker also shared his investment philosophy and provided examples of his investment strategy, emphasizing the potential for high returns in the resource sector and the importance of getting in early. He advised investors to do their own due diligence and invest in companies that they believe have potential for growth, and suggested that now may be a good time to invest in mining stocks. Lutz recommended that investors visit Baker's website to get a better understanding of his personal portfolio and the companies he is invested in.