(Kitco News) - Silver may be Thomas Kaplan's first love as he sees the potential for the precious metal to eventually push to $100; however, he is also not giving up on gold as he sees the yellow metal in the third-wave of a secular bull market that will take it "way past new highs." Thomas Kaplan serves as the executive chairman of Panthera, ... & Production in 2003 and sold the company’s natural gas field for $2.55 billion in 2007, investing the proceeds in gold and silver. ... worth exactly 1/35th of an ounce of gold. [61][62][63][64], On October 29, 2019, at a ceremony in New York in which Princess Dana Firas of Jordan received the 2019 Watch Award, the World Monuments Fund bestowed upon Kaplan the Hadrian Award, a recognition established in 1988 to honor international leaders who have advanced the preservation of world art and architecture. (Kitco News) - Silver may be Thomas Kaplan's first love as he sees the potential for the precious metal to eventually push to $100; however, he is also not giving up on gold as he sees the yellow metal in the third-wave of a secular bull market that will take it "way past new highs.". Panthera is devoted to preserving the big cats and their ecosystems and has been recognized as a leading force in felid conservation. Since the sales of African Platinum and Leor in 2007, Kaplan has focused on the Electrum Group. The Alaskan-based project has 39,000,000 ounces of gold in measured and indicated mineral resources. [18][19] Among its private interests, the Electrum Group is the controlling shareholder of Sunshine Silver Mining & Refining Corporation, which owns the Sunshine Mine in Idaho, the most prolific silver mine in US history,[20] as well as the Los Gatos silver-zinc deposit in Mexico, which it is developing in partnership with Dowa of Japan. Not only is gold backed by solid fundamentals as a monetary metal, but Kaplan noted that gold looks good from a supply and demand outlook. Warren Buffett made an unusual move in 1997 when he bought 111 million ounces, or nearly 3,500 tons, of silver. The Electrum Group LLC is a New York-based registered investment adviser founded and led by Thomas S. Kaplan, a natural resources entrepreneur and investor. We have very high standards and a reputation to uphold, thus our recommendations are researched very carefully. This was identified as an early work by Rembrandt, dating to 1624 and belonging to his The Five Senses series. [37] In January 2017 an online catalog of the collection went live, with information on over 175 of the works in the collection. I am the former president and chairman of the 92nd Street Y, a world-renowned community and cultural center. The Berkshire Hathaway CEO has done the natural-resources investor another favor by taking a stake in Barrick Gold … [28]Their Leiden Collection is now among the largest private assemblages of Dutch art in the world, and numbers more than 250 paintings and drawings, most of which are included in a free, high-resolution online catalogue. Its other entities hold significant interests in several publicly traded companies, including NovaGold Resources Inc.[15][16] and Gabriel Resources Ltd.,[17] two companies that own several of the largest proven gold resources in the world. In an interview with Kitco, billionaire Thomas Kaplan explained why gold is really in a prolonged bull market that started in the early 2000s. [75][76], In March 2014, Kaplan was awarded the rank of Chevalier in the Ordre national de la Légion d'honneur of France, the country's highest civilian distinction. After Kaplan regales Rule with tales of his epic call on silver in 1992, which […] [8] While he was chairman and chief executive officer of Apex, his team discovered and financed the San Cristobal deposit in Bolivia, now one of the largest producers of silver and zinc in the world. Since all major currencies had been linked to gold via the US dollar since 1945, when the US held the majority of monetary reserves, the announcement provoked a momentous change in the financial culture. [33] At the core of the Collection is a group of fifteen paintings and two drawings by Rembrandt himself, and key members of his circle including his teacher, Pieter Lastman, and studio-mate Jan Lievens. Billionaire Thomas Kaplan, The Electrum Group founder, tells David Rubenstein that he truly thinks gold prices will get to “$3,000 to $5,000 if not a lot higher depending on macro circumstances.” Kaplan has been extremely successful in investing in natural resources from Silver and gold to oil and gas. “The debasement of currencies is obviously very, very bullish for gold.” Not only is gold backed by solid fundamentals as a monetary metal, but Kaplan noted that gold looks good from a supply and demand outlook. While he was chairman and chief executive officer of Apex, his team discovered and financed the San Cristobal deposit in Bolivia, now one of the largest producers of silver and zinc in the world. Kaplan commuted between Oxford and Tel Aviv until Recanati was accepted to New York University in 1991, and they moved back to the U.S. Tiomkin hired him as a junior partner, a position he held until 1993, when Tiomkin decided to focus on his Israeli investments and Kaplan left to execute his own big ideas, including major bets on silver, natural gas, and, eventually, gold. [41][42] Prior to the purchase the collection already owned Hearing and Touch from the series, whilst Sight is in the Museum De Lakenhal in Leiden and the whereabouts of Taste is unknown. "We're located in a jurisdiction where, when I go to sleep at night, I know that what I thought I own the night before, I still own. [58], In 2015, after the passing of his boyhood friend, Simon Marsh, Kaplan parted with the two Spitfire Mark I fighter planes that he and Marsh had as partners restored with Historic Flying of Duxford, Cambridgeshire. The famed investor's purchase helped make Thomas Kaplan … Tigris Financial’s Thomas Kaplan, in his New York office this past week, on his investment focus: ‘I feel the only asset I have confidence in is gold.’ Gold is setting records again, boosting the holdings of central banks, Armageddon worrywarts, and ordinary people who own gold … Kaplan is the chairman and chief investment officer of The Electrum Group LLC, a New York City-based investment, advisory and asset management firm with a focus on the natural resources sector. [13][14], Kaplan first began investing heavily in gold in 2000. In an interview with Kitco, billionaire Thomas Kaplan explained why gold is really in a prolonged bull market that started in the early 2000s. "Warren Buffett's silver purchase helped make Thomas Kaplan a billionaire. In a letter they sent to Panthera: “His allegations about our country are absolutely baseless and his statements are insulting to our country and its people,” the letter continued. By Thomas Kaplan Financial Times, London Tuesday, January 18, 2011. "I always say that silver is gold on steroids and I'm wildly bullish on gold," he said. [3] In recognition for their work in wildlife conservation, in 2014 the Kaplans were awarded the New Species Award, and the naming of the newly discovered Orianne's Tree Snake, by the African Rainforest Conservancy. [6][7] Her mother, artist Mira Recanati, introduced him to Israeli investor Avi Tiomkin, who hired him as a junior partner in 1991. He founded Leor Exploration & Production in 2003 and sold the company's natural gas field for $2.55 billion in 2007, investing the proceeds in gold and silver. Renée Jones-Bos, Ambassador of the Netherlands to Russia, presented the distinction to Kaplan in the Saint Petersburg office of Mikhail Piotrovsky, Director of the Hermitage Museum. [39][40] The Leiden collection then immediately acquired the work for $5 million, which was publicized in 2016. Kaplan, who did his doctoral dissertation on commodity supply and demand, said that gold is currently in the third wave of a decades-long uptrend. [32], The Collection focuses on Rembrandt and his School, illuminating the personalities and themes that shaped the Golden Age over five generations. "The debasement of currencies is obviously very, very bullish for gold.". Smell bears Rembrandt's monogram (RF or RHF, Rembrandt Harmensz. All applicants must come with the personal recommendation of their agency heads. [60], In 2017, Kaplan became the chairman of the International Alliance for the Protection of Heritage in Conflict Areas (ALIPH), a Geneva-based foundation dedicated to the implementation of preventive, emergency response, and restoration programs for cultural property in danger of destruction, damage or looting. As Mr. Kaplan explains in an interview (2017): “Gold is not someone’s liability…. Kaplan described the Donlin project as the "Holy Grail" in the mining industry not only because of its resource but also because of its location. He said that he sees the industry struggling to replace the ounces of gold that it has produced. Thomas Scott Kaplan (born September 14, 1962) is an American billionaire businessman, investor, philanthropist and art collector. Warren Buffett helped Thomas Kaplan become a billionaire when he bought 130 million ounces of silver in the late 1990s, just before Kaplan listed his silver-mining company. In an interview with Kitco, billionaire Thomas Kaplan explained why gold is really in a prolonged bull market that started in the early 2000s. The purchase helped make Thomas Kaplan a billionaire", "The Interview: The Kaplan Doctrine: Conservation, Preservation, and Value", "An Exclusive Interview with Mining's Renaissance Man", "US collectors send Dutch Old Masters on world tour", "Billionaire's Spending Spree Creates 'Lending Library for Old Masters, "Art collector Thomas Kaplan unveils the world's smallest known Rembrandt painting", “Insights from Technical Analysis on a Group of Paintings by Gerrit Dou in the Leiden Collection”, Online catalogue of The Leiden Collection, "The story behind a Rembrandt painting's journey from a New Jersey basement to the Getty", "The Art of Spotting 'Sleepers,' the Misattributed Masterpieces That Earn Dealers Millions", "Billionaire art collector Thomas Kaplan on working with Sheikh Mohamed and why he loves the UAE", "Museum De Lakenhal presents: Gerrit Dou. How the Collection developed is explained in Kaplan's personal account of the journey: "A Portrait in Oil". [65], Kaplan is the executive chairman of Panthera Corporation, a charity which he and his wife co-founded with Alan Rabinowitz in 2006. [52][53] JFK’s Advisory Council features policymakers, journalists, intellectuals, diplomats, military commanders, and artists. Kaplan describes himself as a “New York financial-type” who “can’t even programme my VCR,” he tells Bloomberg. "All the pandemic has served to do is to make people now understand that the question of money and what is money when clearly it can be printed at will, he said. tracking the gold and silver investment community, worldwide - an unofficial editing of related investment commentary Friday, December 11, 2020 Billionaire Investor Thomas Kaplan says gold prices to move 'way past' all-time highs Billionaire investor Thomas Kaplan said he sees the possibility of $5,000 gold on the horizon during an interview on the David Rubenstein Show.. Kaplan serves as the chairman and chief investment officer of The Electrum Group, New York-based investment, advisory and asset management firm focusing on the natural resources sector. Thomas Kaplan. [56][74], On November 12, 2018, at the inaugural Paris Peace Forum, Kaplan launched the Indian Ocean Tortoise Alliance (IOTA), a Seychelles-based initiative dedicated to the conservation of the Aldabra tortoise and its rewilding in the other countries where it previously existed. [5] He wrote his doctoral dissertation on the Malayan counterinsurgency and the manner in which commodities influence strategic planning. Not only does he see silver prices pushing back to its record highs above $50 an ounce, but Kaplan said that there is no reason why the metal can’t get to $100 an ounce, especially as gold prices continue to rally. Kaplan, who did his doctoral dissertation on commodity supply and demand, said that gold is currently in the third wave of a decades-long uptrend. The Leiden Collection from New York", "Origins of the Recanati-Kaplan Program for Intelligence Officers", "It's not too late for Trump to rethink a dangerous betrayal of U.S. allies in Syria", "Justice for Kurds Advisory Council Announced in the New York Times", "Document Reveals Billionaire Backers Behind United Against Nuclear Iran", "Did an American Billionaire Philanthropist Play a Role in the Imprisonment of Iranian Environmentalists? [56], Kaplan served as president (2009–2012) and chairman of the board of directors (2012–2015) of the 92nd Street Y, a prominent Jewish community and cultural center in New York City. "Our attitude is that this thing is going to be around for 50 years, maybe 100 years, maybe more, the exploration potential there is probably better than almost any other mining project in the world," he said. Mr. Kaplan is the perfect investor to study to improve your investing in deeply cyclical resource investments and to understand gold. 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