15.05.25
Diversified Mining Precious Metals Equities

Wealthwise podcast, Episode 2 – ‘Gold is exciting, but what about Silver?’ with Baker Steel’s David Baker

In this episode, David Baker, Managing Partner at Baker Steel Capital Managers LLP and manager of the Baker Steel Gold & Precious Metals Fund, discusses the recent surge in gold prices and its implications for mining equities.

With gold prices reaching new highs, Baker acknowledges, “When the market runs hard like this, normally you have to have some kind of consolidation.”

David also anticipates a short-term pullback but remains optimistic about the long-term outlook for gold, citing factors like central bank buying and historical reserve ratios.

While the focus remains on gold, David also touches upon the broader precious metals sector, in particular the opportunity that silver miners could present for investors.

Catch up with Episode 1 of Baker Steel’s Gold & Precious Metals Special – ‘Investing in gold’ here.

About Baker Steel Capital Managers LLP

Baker Steel Capital Managers LLP manages three award winning investment strategies, covering precious metals equities, speciality metals equities and diversified mining.

Baker Steel has a strong track record of outperformance relative to its peers and relative to passive investments in the metals and mining sector. Fund Managers Mark Burridge and David Baker have been awarded two Sauren Gold Medals for 2022 and were awarded Fund Manager of the Year at the 2019 Mines & Money Awards.

Baker Steel’s precious metals equities strategy is a 2023 winner for the sixth year running of the Lipper Fund Awards while Baker Steel Resources Trust has been named Investment Company of the Year 2021, 2020, 2019, Natural Resources, by Investment Week.

Sources: S&P, USGS, Benchmark Mineral Intelligence, Albemarle, Bloomberg, Bloomberg New Energy Finance.

Important

Please Note: This document is a financial promotion is issued by Baker Steel Capital Managers LLP (a limited liability partnership registered in England, No. OC301191 and authorised and regulated by the Financial Conduct Authority) for the information of a limited number of institutional investors (as defined in the Fund prospectus) on a confidential basis solely for the use of the person to whom it has been addressed. This document does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase any shares or any other interests nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefor. Recipients of this document who intend to apply for shares or interests in Baker Steel’s funds are reminded that any such application may be made solely on the basis of the information and opinions contained in the relevant prospectus or other offering document relating thereto, which may be different from the information and opinions contained in this document. This report may not be reproduced or provided to any other person and any other person should not rely upon the contents. The distribution of this information does not constitute or form part of any offer to participate in any investment. This report does not purport to give investment advice in any way. Past performance should not be relied upon as an indication of future performance. Future performance may be materially worse than past performance and may cause substantial or total loss.