In this episode of Trusts in Focus, we're looking at Golden Prospect Precious Metals (GPM), the only investment trust exclusively focused on precious metals miners.
We explore the trust's specialist approach to investing across gold, silver and platinum group metals, including its focus on smaller and mid-sized mining companies, the role of active management and how gearing has contributed to long-term outperformance versus passive alternatives.
We also examine the key drivers behind GPM's standout performance in recent years, portfolio positioning, exposure to developers and explorers, the growing allocation to silver, and why the managers remain constructive on the long-term outlook for precious metals despite ongoing market volatility.
00:00 Introduction
00:35 Why invest in precious metals miners?
01:20 Active management and gearing
01:55 Recent performance and market backdrop
02:50 Volatility and risk considerations
03:35 Portfolio activity and positioning
04:15 Gold, silver and long-term drivers
04:55 Outlook and current opportunities
05:30 Further information
05:38 Risk warning
Please note that this video was recorded in June 2026.
