The Meb Faber Show
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Frank Holmes, U.S. Global Investors, HIVE Blockchain – JETS, Bitcoin vs. Gold, & How To Play Supply Chain Issues | #371
In episode 371, we welcome our guest, Frank Holmes, the CEO of not one but two companies – U.S. Global Investors, an investment manager with both ETFs and mutual funds, and HIVE Blockchain, the first cryptocurrency mining company to go public. In today’s episode, we’re talking ETFs and crypto! Frank starts by sharing what piqued his interest in crypto and why he chose to go down the mining path instead of pursuing a Bitcoin ETF. He offers some macro perspective on crypto and how it differs from gold. Then we turn to the ETF space and hear about Frank’s hit ETF, JETS, which focuses on the airline industry and caught fire in 2020 after the March decline as retail interest skyrocketed.
Key Points
- The CEO of US Global Investors and Hive Blockchain discusses the unique macro perspectives on crypto and gold, explaining the choice to focus on gold mining over a Bitcoin ETF and the thesis behind the newest ETF centered on the marine shipping and air freight industries.
- Frank Holmes shares insights on the future of Hive Blockchain, detailing their green energy strategy, expansion plans, and the company's position as a profitable entity in the cryptocurrency mining space.
- The discussion highlights the importance of the ETF structure for investment funds, touching on aspects like tax efficiency, securities lending, and the potential for converting mutual funds into ETFs, with a particular focus on the gold industry and the benefits of a quant approach to stock selection.
Chapters
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| 0:39 | |
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| 11:35 | |
| 23:38 | |
| 29:01 | |
| 38:21 | |
| 42:01 | |
| 56:47 | |
| 59:09 |
Transcript
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