▶ 30:02 · $NG · Kaplan controls NovaGold as white knight; Paulson invests $1B to exit Barrick

episode briefing

Episode 35: Thomas Kaplan - Chairman and CIO of The Electrum Group

2025-09-11 · 3 company · 5 thematic

sentiment

2 bull1 bear0 neu

speakers

Founder and chairman of The Electrum Group, one of the world's largest privately held portfolios of gold and silver assets. Largest private collector of Rembrandt works. Founder of Panthera, global wild cat conservation nonprofit. PhD in Modern History from Oxford. Known for contrarian commodity bets: silver from $3.50, oil to $100, gold to $3,000-5,000+. Sold Leor Exploration to Encana for $2.55B in 2007. Controls NovaGold with John Paulson as partner.

quote

“the jewel in the crown was a company called NovaGold um which was developing with its partner Barrick the Donlin Gold project in Alaska... we effectively took control of the company right before it went into bankruptcy as a white knight...…”

—thomas kaplan

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