107: Gold: Why, How and Now? With Randy Smallwood, Chair of the World Gold Council and CEO of Wheaton Precious Metals

107: Gold: Why, How and Now? With Randy Smallwood, Chair of the World Gold Council and CEO of Wheaton Precious Metals

We last spoke about gold on the show 3 years ago, with Evy Hambro, who runs the BlackRock natural resources team. The discussion highlighted that paper currencies have a 100% track record of losing purchasing power, whereas gold has a 100% record of permanence.

In this conversation, we ask Randy Smallwood to address several important issues around gold. His perspectives on supply and demand, lessons from history, current central bank actions and why he recently observed that “gold is in a perfect position right now”.

We then discuss currency debasement, gold’s role in portfolios, and how to own and access it, as well as the potential for tokenisation. Randy then discusses the investment parameters around mining stocks and how streaming companies such as Wheaton Precious Metals where he is CEO, offer a different way of investing in the gold universe.

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The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, and LiveTrade. We’re also pleased to be highlighting & supporting GAIN as our 2023 Charitable Partner.

Episoder(232)

190: Marketing God. With Nicky Gumbel, Pioneer of the Alpha Course

190: Marketing God. With Nicky Gumbel, Pioneer of the Alpha Course

In this Christmas special, we reshare our conversation with Nicky Gumbel!  Very occasionally one individual can have a disproportionately powerful impact on a collection of people, but very rarely do...

18 Des 20251h 2min

189: From Vision to Valuation: Disrupting the Future - With Cathie Wood, Founder & CEO of ARK Invest

189: From Vision to Valuation: Disrupting the Future - With Cathie Wood, Founder & CEO of ARK Invest

When we interviewed Howard Marks in March of 2025, he observed, “It's the pioneers who get the arrows”. Many consider a 21st century investment pioneer to be Cathie Wood. She embraces disruptive inno...

4 Des 20251h 22min

188: Yield, Shield, and Scale: Inside the Ares Management Playbook (With Blair Jacobson, Co-President)

188: Yield, Shield, and Scale: Inside the Ares Management Playbook (With Blair Jacobson, Co-President)

Ares is recognised as one of the leading global alternative investment managers, investing across credit, real estate, private equity and infrastructure.Listed on the NYSE, it has over 4,000 employees...

27 Nov 202555min

187: Investing & Philanthropy - With Sir Chris Hohn, Founder, TCI Fund Management & CIFF

187: Investing & Philanthropy - With Sir Chris Hohn, Founder, TCI Fund Management & CIFF

In September we held our inaugural Money Maze Allocator Summit and over the two days there was fantastic discussion, debate, insights, disagreement and a lot of learning. It proved incredibly popular...

13 Nov 202549min

186: Rare Earths, Energy, and the Green Agenda (Money Maze Allocator Summit 2025)

186: Rare Earths, Energy, and the Green Agenda (Money Maze Allocator Summit 2025)

On 30th September and 1st October 2025 we held our inaugural Money Maze Allocator Summit (MMAS). We gathered 120+ global investors & allocators - many of whom have been previous guests - for 2 days of...

30 Okt 202552min

185: RIT Capital Partners: Global, Unconstrained, Undervalued? A Conversation with Maggie Fanari (RIT CEO)

185: RIT Capital Partners: Global, Unconstrained, Undervalued? A Conversation with Maggie Fanari (RIT CEO)

Founded in 1971 as the Rothschild Investment Trust, RIT Capital Partners PLC, continues today with a mandate to preserve and grow capital across generations through a multi-asset, global and unconstra...

16 Okt 202541min

184: From Westminster to Silicon Valley: A Connected World at Risk - Sir Nick Clegg on threat to Global Connection in the Age of AI & Political Conflict.

184: From Westminster to Silicon Valley: A Connected World at Risk - Sir Nick Clegg on threat to Global Connection in the Age of AI & Political Conflict.

It’s not every guest who would admit in their new book, with brutal honesty, “I’ve been vilified, satirised, protested against- a hate figure both on left and right.”  But it is also uncommon, if not...

18 Sep 20251h 18min

183: How Good of a Communicator Are You? Messaging, Reputation, Trust & Strategy in the Age of AI - With Jen Prosek, CEO and Founder of Prosek

183: How Good of a Communicator Are You? Messaging, Reputation, Trust & Strategy in the Age of AI - With Jen Prosek, CEO and Founder of Prosek

Today’s episode started as “Good Investor, Poor Communicator”, but as we researched this topic ahead of the conversation it became a bigger theme than simply, why at times, great investment managers a...

9 Sep 202552min

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