During one of the most serious geopolitical events in decades, gold performed, said Triple Flag Precious Metal's CEO and founder, Shaun Usmar. On Friday Usmar recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae and Kitco correspondent Paul Harris.
During one of the most serious geopolitical events in decades, gold performed, said Triple Flag Precious Metal's CEO and founder, Shaun Usmar.
On Friday Usmar recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae and Kitco correspondent Paul Harris.
Triple Flag (TSX:TFPM,) is a gold-focused streaming and royalty company. The panel talked about gold's rise after Russia invaded Ukraine. When the news broke a week ago Wednesday, spot gold crested $1,940 an ounce hitting a 20-month high while Bitcoin lost about 7%.
"All that rhetoric around Bitcoin and crypto being a new store of digital gold...in a moment like this gold really does have that safe-haven status," said Usmar.