Ross Beaty: ‘This is the Kind of Time to be Buying Metal Stocks’

At Cambridge House International’s 2015 Vancouver Resource Investment Conference, Resource Investing News had the chance to speak with Ross Beaty, chairman of Pan American Silver (TSX:PAA) and Alterra Power (TSX:AXY), about his views on the commodities market.

Beaty discussed a range of topics, including his views on silver, the reason behind his interest in Odin Mining (TSXV:ODN) in Ecuador and his outlook for various commodities in 2015. He also talked about renewable energy and some of the factors he sees driving the global commodities market.

Overall, Beaty is still “fairly bearish on most metals,” although he is “very bullish on gold.” However, that doesn’t mean 2015 will be a bad time for investors. “You want to be buying when no one else is buying,” he said, “… this is the kind of time to be buying metal stocks.”

For silver, he sees good demand growth on the industrial side of things from digital products, medical applications and solar cells. On the monetary side, he anticipates good demand growth “because silver is, of course, poor man’s gold.”

“It’s got the same fundamentals as gold in terms of demand on the monetary side,” Beaty said, “so I think silver’s going to have a great couple of years ahead, as I do renewable energy.”

Watch the video below for more of what he had to say.

Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.

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.

Related reading:

VRIC 2015 Commodities Outlook: Bullish on Gold