'Perfect storm' for a flight to quality in metals like silver, says G Squared's Victoria Greene

Kelly Evans (Anchor) 00:00.230

let's ask victoria green she's chief investment officer at G squared private wealth and a CNBC contributor victoria welcome to you and as you study these trades first of all do you have a knee jerk response of chase it or fade it

Victoria Greene (Chief Investment Officer) 00:13.770

i'm catching a little bit into it i i think this is one of the times that you have a lot of risk out there with a weaker US dollar falling rates inflation of boogeyman geopolitical risk you have kind of like a perfect storm flight to quality here flight to haven assets which is

Victoria Greene (Chief Investment Officer) 00:27.370

driving metals higher what are used in a lot of industrial needs like you talked about in technology as well and and and my mom 's having a victory lap here all the jewelry she bought as an investment is sure making her feel good about it so so so that's that's a plus for a lot

Victoria Greene (Chief Investment Officer) 00:40.610

of people on that side it's

Kelly Evans (Anchor) 00:42.050

funny you bring that up because years ago fifteen years ago and i was writing at the wall street journal we did a story about record high gold prices and people panning their jewelry and i've noticed this time around the dearth of those stories i don't see them anywhere you

Kelly Evans (Anchor) 00:54.230

remember how they used to be signs out front of all the jewelry shops you know gold will take gold will trade it and i am not seeing that at all are people just innured to this do they not know do they already trade it in and so they've missed the run

Victoria Greene (Chief Investment Officer) 01:06.190

yeah no i think right now with prices so high you're looking at it and saying hey maybe jewelers aren't really looking to buy as much as sell right here but for people that have a significant gold or they bought their gold bars at costco or they've been investing in precious

Victoria Greene (Chief Investment Officer) 01:17.830

metals all along this has been a really great hedge and you can look at that long term chart of the US dollar and just say look we're aware of that inflation eats away at the real value of money how do we protect that i also think metals are getting a bit of a boost from bitcoin

Victoria Greene (Chief Investment Officer) 01:30.150

struggling here bitcoin is supposed to be that great inflation offset struggling even as risk assets have recovered putting one more behind the credence that precious metals is a wonderful way to protect purchasing power all

Kelly Evans (Anchor) 01:40.870

right so you you know silver or gold platinum palladium copper what are your picks

Victoria Greene (Chief Investment Officer) 01:46.630

all right so one of them i really like is rio tinto is more on the industrial metal side right it's the copper the iron ore a little bit boring they are just getting into lithium but they're fifty fifty joint venture owners with BHP on the resolution copper mine one of the going

Victoria Greene (Chief Investment Officer) 02:00.350

to be the largest US copper mines out there as we're looking to continue to protect our natural resource production domestically i love where rio sitting and it's relatively cheap right only up thirty eight percent this year compared to other miners so i look at it wonderful

Victoria Greene (Chief Investment Officer) 02:13.350

dividend fantastic balance sheet really high quality assets rio is a great way to play those industrial metals and then when we look on the precious metal side there's two stocks in two different ways i like to play this one tide is newmont just a pure play gold miner fantastic

Victoria Greene (Chief Investment Officer) 02:27.550

gold miner had to do some divestiture of some non core assets but they get about another five hundred and sixteen million in revenues when the gold price goes up about a hundred dollars per ounce so do the math we're expecting revenues to rise we like what they've done on on

Victoria Greene (Chief Investment Officer) 02:40.750

paying down debt on divesting non core assets and the other one is wheaton now wheaton 's a bit different right this is a precious metal streamer and what does that mean that means that they front money to mines they say here's a big old bunch of money hundreds if not billions

Victoria Greene (Chief Investment Officer) 02:54.550

of dollars to help you develop the mine for this we will take a fixed price cost for metals in the future this means for the last ten fifteen years they've been helping mines invest they've been helping mines develop and now it's paying off tremendously we to me is a fantastic

Victoria Greene (Chief Investment Officer) 03:08.830

way to play both gold and silver prices and they partner with most everybody across all the big metals mining across the

Kelly Evans (Anchor) 03:15.550

globe that's and then you know quickly on oil and you know i heard a little bit of frustration from bill smith about this yesterday obviously they've been big energy investors for a long time but he basically said he thinks the the administration is really trying to keep oil

Kelly Evans (Anchor) 03:29.630

prices down through a variety of geopolitical tactics emptying the SPR whatever you call it if you believe that i can't imagine you'd want to be very positive on it into next year that said jeff curry others have said we're going to get at a point where the supply glut we

Kelly Evans (Anchor) 03:45.510

evidently in runs out and the price starts to go up again i'm just curious where you fall if you have an instinct one way or the other

Victoria Greene (Chief Investment Officer) 03:53.110

i'm not super bullish on wti or brent i think you could see some downward pressure there i think most everybody 's saying sort of a bad geopolitical event we are oversupplied everything looks a little bit oversupplied so either opec needs to play nice and start balancing and

Victoria Greene (Chief Investment Officer) 04:05.830

make some production cuts or we're going to look at wti stuck in the fifties which is an amazing for producers there are ways to play this one of them i love right now is chevron i also see chevron as a hedge against venezuela chevron 's one of the only players in venezuela they

Victoria Greene (Chief Investment Officer) 04:19.710

managed to keep their license they are legally producing in venezuela they have a special license from the trump administration if we see any changes in venezuela they're going to be one of the first people there that actually have boots on the ground and knowledge of how to

Victoria Greene (Chief Investment Officer) 04:31.710

deal both with local authorities as well as the local resources they also have guyana right they they bought hess and guyana to me is the best find in the last twenty years and so yeah and my bullish wti no if you want some yield and an oil play i think chevron 's one of the

Victoria Greene (Chief Investment Officer) 04:45.910

best big integrated oils to pick up a little exposure there just in case there's some tail end risk in oil