Sydney conference to bridge gap on gold’s role in wealth protection
Tue Aug 13 2024
Close to 1,000 delegates are set to descend on the Crown Towers in Sydney for the upcoming Australian Gold Conference (AGC). This year’s event promises to provide greater insight on the importance of gold and silver in protecting wealth in addition to providing attendees a closer look at some of the companies in the space.
AGC founder and CEO Kerry Stevenson tells Mining.com.au this year’s agenda really is focused on precious metals as wealth protection, whether that is equities or physical gold or ETFs.
She says attendees can expect more panel discussions focusing on what to look for and the challenges, risks and opportunities, as well as the bigger picture around gold.
While there will still be spotlight presentations by gold explorers, other presentations will include the difference between investors and speculators, strategies to help people prosper across the gold price cycle, and gold exploration trends and market dynamics.
“We’ve got a lot of mining companies but we’ve got a lot of people talking about what you need to look for, and why gold, and how is AI going to impact it,” Stevenson says.
Martin Place Securities executive Chairman Barry Dawes says gold is becoming more obvious in its role in the global monetary system.
“Gold is timeless, and everyone needs to be engaged with its enduring importance in sound money,” he says.
Stevenson believes there is a “massive disconnect” with people about the role gold has to play in protecting purchasing power, and the aim of the AGC is to help bridge that knowledge gap.
“If you bought physical gold 20 years ago and held onto it, it’s up over 564%,” she explains.
Gold was trading below US$400 ($608) an ounce two decades ago, and today it is fetching just under US$2,500 an ounce.
“Now if I go back just one year, is it up? Or actually a better way to look at it is, the purchasing power of your Australian dollar has fallen by 25% in a year.
“Why is that happening? Well the more you print the paper, the less value it has, but you can’t print gold.
“Gold has to be mined and produced, so there’s a productive element around it, whereas governments these days, especially in the US, to get themselves out of trouble they just keep printing the paper to kick the can down the road.”
Alexander Scanlon, Managing Director of Barton Gold (ASX:BGD) — who is presenting at the conference, says record high gold prices are driving a return of investor attention to gold equities.
“The AGC continually innovates and the kick-off social event this year will herald a new gold style,” he says.
Attendees can take part in a free special event on Monday 26 August aimed at introducing Australians to the potential of investing in gold beyond traditional avenues, focusing on the shift from culturally influenced jewellery to modern bullion, shares and digital gold products.
Presenting companies include Kingsgate Consolidated (ASX:KCN), Southern Cross Gold (ASX:SXG), GBM Resources (ASX:GBZ), Alkane Resources (ASX:ALK), Larvotto Resources (ASX:LRV) and Medallion Metals (ASX:MM8).
Delegates will also hear from recognised industry experts including Lion Selection Group CEO Hedley Widdup, Noah’s Rule Principal Sean Russo, Alto Capital Advisor Tony Locantro and ABC Bullion General Manager Jordan Eliseo.
The 14th annual Australian Gold Conference will return to Sydney from 26-28 August 2024. Mining.com.au is a media partner of this year’s event.
Source: https://mining.com.au/