James Kirby

speaker
9,081 appearances 40 recordings 1 series first heard Apr 2026 last heard 6d ago

James Kirby’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
9 · Jul OctJan 26AprJulnow

Recordings per month over the last 12 months — 40 in all, peaking in Jul 2026 with 9.

Appearances

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Gold mining specialists, bullion specialists, depending.
And I like the fact that you do both, though actually the amount of pure gold you have in the fund is really quite small.
It's mostly mining stocks, right?
Yes.
Yeah, what I would expect you to be.
Though I'm sure there's times where you can't be.
But OK, so let's just start on gold, because I think most listeners would know, you know, there was this amazing period and it did one of its extraordinary rallies.
But very broadly, of course, per annum every year, it's quite a good return.
Gold itself, in whatever form you have it, over a long period of time, very roughly, what's the number?
Is it 8 or 9 percent pH?
And so the everyday listener would say, well, you know, that would sound so attractive.
And also, obviously, it doesn't pay an income.
So this is something that weighs against it.
It's pure price, but I think a lot of our listeners
listeners would understand that.
And I always hark back, not so much to gold bulls or gold bears, but some extraordinary, very powerful wealth managers who have said that you should have 5, 10 more percent of your diversified portfolio in gold.
To the extraordinary, Mike Wilson, the one most powerful in the world, Morgan Stanley's wealth manager, who said you could have up to 20, which was quite amazing.
He said that before the rally, which was a very good time to say it.
So let's just talk about gold.
I mean, tell us, for the casual observer, this year, it hit a soft patch, right, through the year.
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