EKIP– Expert Club for Economics and Politics A Different Opinion
Dear listeners, in the new episode of "The Intelligent Investor" our guest is Dimo Stefanov, Chief Dealer at Tavex Gold & Exchange, which are the largest (and in our opinion the best) gold and silver dealers in Bulgaria. Dimo is the best gold and silver investing expert we know, so his advice is extremely valuable and based on years of experience in the field.
00:23 – Introduction to the topics in the episode and our special guest Dimo Stefanov, Chief Dealer at Tavex Gold & Exchange
01:15 – How did the EKIP Virtual Pension Fund perform in February?
03:50 – Financial and investment news from Bulgaria
13:05 - Macro and Markets (global market news)
18:28 - Fintech news
Interview with Dimo Stefanov:
28:00 - Tell us more about yourself and Tavex – when did you start working at Tavex and when did you become interested in investment topics?
30:15 - Are precious metals the most interesting investment for you? Why?
33:55 - What distinguishes precious metals from other types of investments? What is their niche?
37:25 – What are realistic expectations when investing in gold and silver?
41:05 – Are gold and silver a good long-term investment?
42:36 – In what stage of the business cycle do gold and silver bring the greatest returns?
44:53 – Gold and silver vs. government securities – what are the pros and cons of these two types of investments?
48:40 – How serious is the influence of central banks on the financial system?
50:10 – Derivatives, their role in the financial system and the 2008 crisis.
52:04 - Were precious metals in a bubble in 2012/2013? Why did their price collapse in 2013?
61:40 - Do central banks/investment banks manipulate the price of gold?
66:35 - HOW to invest in precious metals optimally? Physical, ETF, shares of gold/silver mining companies, futures, other options? What are the specifics/pros and cons of each option? (question from Dimitar Trepechov, Patreon donor)
75:50 - From the perspective of a Bulgarian investor, which ETF should we choose to profit from the potential rise in the price of gold/other precious metals?
77:06 – Derivatives on gold and silver – are there cases when they are a good investment?
79:06 – What should we look out for when buying gold/silver coins? How important is the role of the numismatic/collectible element in determining the price?
83:30 - Gold vs. Bitcoin (other cryptocurrencies)?
88:25 – Is the current moment a good one for investing in gold and silver?
95:10 – What will happen to the dollar this year? Are there other currencies that are interesting to watch?
98:40 – Why is there no option to buy gold through bid orders in Tavex? (question from Dimitar Tomov, Patreon donor)
101:10 – Why are physical gold prices in Tavex less profitable than those of Tavid (the Estonian parent company)? (Dimitar Tomov)
103:30 - Banks are changing because of the fintech industry, when can we expect something similar for commodity traders (in this case precious metals)? (Dimitar Tomov)
107:00 – Ron Paul suggests in a Facebook post that gold is perhaps the best long-term investment, even compared to stocks, based on data from the last 20 years. Is this true?
109:40 – Last words
Links:
Support us with donations on Patreon!
Bulgarian news:
How foreign stock exchanges brought profitability to Bulgaria
The cost of cheap transfers in euros
Georgi Vuldjev: There is no way to expect fair pensions from an unfair system
Macro and Markets
Norway's sovereign fund limits property acquisitions + Norway's sovereign fund records €50bn investment loss for 2018
This sector is always profitable when the markets are in turmoil.
FinTech/Alternative investment
SEC Commissioner Says Bitcoin ETF Will Be Approved ‘Eventually’
Crypto exchange founder dies with passwords to $190 million in assets + When we lose the key to crypto wealth
How to invest in gold: the ultimate guide
Revolut Youth will help raise financially literate children and youth
Apple, Goldman Sachs Team Up on Credit Card Paired With iPhone
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