Thought Leadership

Tocqueville Gold Strategy Investor Letter Second Quarter 2015 Investor Letter

Tocqueville Gold Strategy Investor Letter Second Quarter 2015 Investor Letter

By John Hathaway on July 8, 2015

It is counterintuitive that gold has weakened following the events in Greece. The potential withdrawal of Greece from the euro at the very least emboldens left wing/nationalist factions in Spain, Italy, and France who see the results of the Greek referendum as legitimizing rebellion against the diet of austerity proposed by Brussels. Should voter unrest …

Read More
Tocqueville Gold Strategy  First Quarter 2015 Investor Letter

Tocqueville Gold Strategy First Quarter 2015 Investor Letter

By John Hathaway on April 7, 2015

Gold and gold mining shares appear to be as contrarian today asin 1999, before a decade‐plusrun in which bullion rose nearly seven‐fold in US dollar terms. For those who are concerned that the financial markets are overvalued, we believe that gold offers an out‐of‐favor investment strategy with asymmetric and dynamic potential. For those who see …

Read More
Let’s Get Physical

Let’s Get Physical

By John Hathaway on December 12, 2012

Money printing by world central banks, it would seem, has propelled the prices of all things rare. The list includes fine art, vintage wines and antique sports cars. It is front page news that the flood of paper money has enhanced the quotation of almost any tangible asset perceived to be in scarce supply. In …

Read More
Tocqueville Gold Strategy Investor Letter Third Quarter 2016 Investor Letter

Tocqueville Gold Strategy Investor Letter Third Quarter 2016 Investor Letter

By John Hathaway on October 12, 2016

During the third quarter of 2016, gold and gold mining shares consolidated in a narrow range following substantial gains in the first half of the year. On a year to date basis (9/30/16) gold bullion rose 24% while most gold mining shares gained 3x-4x the gold price. During the first few days of October, the …

Read More

Tocqueville Gold Second Quarter 2012 Investor Letter

By John Hathaway on July 2, 2012

During the second quarter, the gold price declined 4.3% from $1,668 to $1,597. On a year to date basis, gold has appreciated 2.2%. Gold mining shares as measured by the XAU Index (PHLX Gold/Silver Sector Index) declined 9.7% in the second quarter and 11.9% on a year to date basis. That is the bad news. …

Read More

Mutual Funds

You are about to leave the Private Wealth Management section of the website. The link you have accessed is provided for informational purposes only and should not be considered a solicitation to become a shareholder of or invest in the Tocqueville Trust Mutual Funds. Please consider the investment objectives, risks, and charges and expenses of any Mutual Fund carefully before investing. The prospectus contains this and other information about the Funds. You may obtain a free prospectus by downloading a copy from the Mutual Fund section of the website, by contacting an authorized broker/dealer, or by calling 1-800-697-3863.Please read the prospectus carefully before you invest. By accepting you will be leaving the Private Wealth Management section of the website.