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▶ 23:20 · $ELECTRUM-SILVER · Two silver companies in Electrum portfolio slated for IPO next year
episode briefing
Generating Alpha Podcast

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

2025-09-11 · 3 company · 5 thematic
sentiment
2 bull1 bear0 neu
speakers
thomas kaplan

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
“I have two silver companies that are going public next year. So, you know, I've always silver's my first love.”
—thomas kaplan
now playing · $ELECTRUM-SILVER
$ELECTRUM-SILVERbullish· medium· posthomas kaplan
Two silver companies in Electrum portfolio slated for IPO next year
Kaplan states he has two silver companies that are going public next year, calling silver his 'first love' and indicating continued high conviction in the silver thesis despite th…
$NG···bullish· high· posthomas kaplan
Kaplan controls NovaGold as white knight; Paulson invests $1B to exit Barrick
Kaplan took control of NovaGold before bankruptcy as a white knight, viewing the Donlin Gold project in Alaska as a crown jewel. John Paulson's $1B investment liberated them from…
$GOLD···bearish· highthomas kaplan
Barrick was a misaligned, maligned partner in NovaGold; now removed
Barrick attempted a hostile takeover of NovaGold at $16/share, lost, and remained a problematic partner. Kaplan describes the relationship as a 'bear hug' and 'maligned,' and cele…