At the recent Vancouver Resource Investment Conference, Resource Investing News had the chance to speak with Benjamin Cox, managing director of Oreninc. Oreninc is a boutique merchant bank that provides research for companies, institutions and investors in the junior commodities space.
In the video below, Cox explains that there are two fundamentally different types of investors in the resource exploration and development space: precious metals investors and base metals investors. Cox says the two are looking for different catalysts to drive investment demand. Precious metals investors are hoping for a zombie apocalypse, or perhaps just hyperinflation, which Cox argues are almost equally likely given government’s ability to manipulate currencies. Base metals investors, on the other hand, are waiting for market capitulation to signal the best time to re-enter the market.
Additionally, when asked about Bitcoin he comments, “if I had to pick the currencies that are going to work, I would be focusing much more on rhodium, platinum, palladium, copper. Fundamental things that people use that both work for a coming zombie apocalypse or hyperinflation, and for an economic recovery where we will actually consume them.”
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.