Tim Price on The Fundamental Impossibility of Paying Back the Debt

By Brian Chu, Sunday, 05 January 2025

Welcome to day four of our Gold Summer Series!

I hope you’ve had a relaxing summer break so far.

On day one, you heard from Ronnie Stoeferle.

On day two, Jim Rickards shared his views, and on day three, global cycles guru David Murrin provided his take.

Today, we hear from Tim Price, a true investing contrarian.

Tim, a UK based fund manager, established his firm, Price Value Partners, in 2015. His investment approach is based on old-school investing principles espoused by Ben Graham and his student Warren Buffett.

This type of investing is certainly out of fashion in today’s markets!

Tim is also an accomplished author, having written The War on Cash and Investing Through the Looking Glass.

Tim has long warned about the perils of large government deficits and ever-growing debt piles. He believes COVID represented the last gasp of government spending, or at least the market continuing to support such large spending programs.

Which brings us to the topic of gold. Tim thinks this will all end in an inflationary crisis, with gold being a prime beneficiary.

I hope you enjoy Nick’s interview with Tim Price…

God bless,

Brian Chu Signature

Brian Chu,
Editor, Gold Stock Pro and The Australian Gold Report

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

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Brian Chu is one of Australia’s foremost independent authorities on gold and gold stocks, with a unique strategy for valuing big producers and highly speculative explorers. He established a private family fund that only invests in ASX-listed gold mining companies, being one of a few such funds in Australia, putting his strategy and research skills to the test under public scrutiny. He currently writes two gold-focused investment advisories.

In his Australian Gold Report, Brian helps you build long-term wealth in physical gold and a select portfolio of hand-picked stocks comprising mainly producers with proven revenue streams and appealing risk-reward profiles. He uses his original valuation metrics and a tried-and-tested investment strategy to help you to deliver sustained outperformance against industry benchmarks.

In his more specialised Gold Stock Pro service, Brian helps readers trade some of the most exciting, speculative gold mining plays on the ASX. He uses his proprietary system — based on the famous Lassonde Curve model, which tracks the life cycle of mining stocks. His aim is to help you navigate the gold and silver cycles, and to capitalise on the bull market for opportunities to deliver outsized gains.

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All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.