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Peter C. Cavelti
peter c. cavelti outdoor portrait
Entrepreneur, Author, Philanthropist
BornApril 10, 1948
Herisau, Switzerland
SpouseCaroline Cavelti

Peter Christian Cavelti was born on April 10, 1948 in Herisau, Switzerland, the eldest of four children. He lived in various parts of the world before settling in Canada. Cavelti is the author of several books on financial and socio-political topics, as well as a highly acclaimed social study and a novel. As a financial executive and entrepreneur he was responsible for banking operations, built an internationally active currency and commodity trading operation, ran an investment management firm, and co-founded a gold mining company. He is devoted to his family, passionate about adventure travel, and deeply engaged in philanthropic activities.

Adventures

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Peter Cavelti is a passionate adventure traveler. He crossed Africa in the early 1970s, and subsequently backpacked through Asia, on the proverbial $5 a day. Later, between career assignments, he spent half a year in Central and South America and, in 1976, explored Egypt, Tunisia, Iran and Afghanistan, where he crossed the Hindu Kush. Together with his wife Caroline, he repeatedly visited the Himalayas, first as part of the first Canadian expedition to visit the Himalayan kingdom of Mustang in 1992, and later on a trek to the largely unexplored far eastern part of Bhutan.

Financial Career

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peter cavelti, as a young executive, 1979
Peter Cavelti, Guardian Trust, 1979

After completing his compulsory army service in Switzerland, Peter reluctantly joined a bank. To his surprise, he liked it. After moving to Canada in 1972, he went to work for Deak & Company, part of the world’s largest foreign exchange network, where he quickly rose to the management ranks. When he left Deak three years later, he was in charge of the company’s Toronto operations. In 1976, he was recruited by Guardian Trust, an established Montreal-based bank, with the mandate to build a presence outside Quebec and expand the company’s foreign exchange and precious metals presence. Monetary history fascinated Cavelti, causing him to start writing about the subjects. His articles and essays were soon widely quoted and a series of internationally published books followed. By the time he left the organization ten years later, he was President and CEO of Guardian Trust International, with responsibility for an internationally active trading operation, one of Canada’s largest gold investment programs and two of its preeminent gold mutual funds [1]. Vigorously opposing a takeover of the company, Peter left Guardian in 1985 to form Cavelti Capital Management Ltd., taking with him key investment management mandates. Soon after, Cavelti Capital was recruited to manage New York-based Blanchard Precious Metals Fund, one of the world’s largest gold funds [2].

Peter Cavelti was a regular speaker at investment conferences around the globe and served on corporate boards in Canada, the United States and Switzerland. He was also active in the public sector, most notably as an advisor to the Government of Canada, whom he assisted with the conception and marketing of the Gold Maple Leaf program, and the Province of Ontario, for whom he chaired the Commodity Futures Advisory Board of the Ontario Securities Commission.

peter cavelti in kingdom of mustang, 1992
Peter Cavelti, Kingdom of Mustang, 1992

Throughout the first decade of the 2000s, he gradually withdrew from his public functions in order to focus on creative pursuits, including his writing, and to have more time for his family.

Author

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Peter Cavelti’s early writing centered on investment and socio-economic topics. He is the author of How to Invest In Gold [3] (Follet Publishing Company, Chicago, 1979) and McClelland & Stewart, Toronto (1979 and 1981); New Profits in Gold (Hume Publishing, 1983); Gold, Silver & Strategic Metals [4] (Maximus Press, Toronto, 1983), and New Profits in Gold, Silver & Strategic Metals (McGraw-Hill, New York, 1984). Peter was a Contributing Editor and columnist with The Money Letter, Personal Finance and Physicians Monthly, Market Report and Perspectives [5]. His investment commentaries were widely quoted in the Canadian, UK and U.S. financial press.

In 1997, Peter’s critically acclaimed social study of colonialism, Tuiavii’s Way: A South Sea Chief’s Comments on Western Society [6], was published (Legacy Editions, Toronto,1997, 1999 and 2007, and Crown English Reading/Sanseido Publishing, Tokyo, 2008). Peter wrote a novel, A Dangerous Remedy [7](Legacy Editions, Toronto, 2004; screenplay by Laurie King-Smith, 2005). He is currently working on a retrospective and another novel.

Philanthropy

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Peter Cavelti has been a long-time supporter of and advisor to Médecins Sans Frontières / Doctors Without Borders [8] [9]. He also works closely with Canadian charity rating service Charity Intelligence [10]. Finally, through the Cavelti Family Foundation, Peter and his family have also been long time champions of Toronto-based after school program Beyond 3:30 [11], a division of the Toronto Foundation for Student Success.

Family

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peter cavelti with wife caroline exploring newfoundland icebergs, 2019
Peter Cavelti with his wife Caroline, Newfoundland, 2019

Peter and his wife Caroline [12]were married in 1987. Their daughter Melissa Cavelti [13] and husband John Stout [14] live in Toronto with their two daughters Alexandra and Abigail. Caroline’s and Peter’s younger daughter, Krista, died tragically in 2007; she left a son, then 3 year-old Cameron. The Cavelti family spends considerable time together—in Toronto, where they all live; at the family cottage in Georgian Bay; and in the Colorado mountains, where Peter, an expert skier, seeks out challenging terrain with his three grandchildren.

Philosophical Views

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Based on his vast experience in international financial markets, Peter Cavelti has extensively written about global politics and socio-economic issues. He was among the first to recognize the potential of the emerging markets, but also foresaw that China’s rapid ascent would eventually bring an end to the unipolar world dominated by the United States.

Peter’s writing has been highly critical of the multi-decade decline in corporate ethics, the distortion of markets by the world’s central banks, and the subsequent rise in indebtedness and surge in wealth inequality.

Published Works

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  • Cavelti, Peter (2020). Tuiavii's Way: A South Sea Chief's Comments on Western Society. Toronto: Legacy Editions. ASIN B086H8T5Y9.
  • Cavelti, Peter (2007). Tuiavii's Way: A South Sea Chief's Comments on Western Society. Toronto: Legacy Editions. ISBN 9780968246924.
  • Cavelti, Peter (2004). A Dangerous Remedy. Toronto: Legacy Editions. ISBN 0968246915.
  • Cavelti, Peter (1999) [1997]. Tuiavii's Way: A South Sea Chief's Comments on Western Society. Toronto: Legacy Editions. ISBN 0968246907.
  • Cavelti, Peter (1984). New Profits in Gold, Silver, Strategic Metals: The Complete Investment Guide. New York: McGraw-Hill. ISBN 0070102880.
  • Cavelti, Peter (1983). Gold, Silver, Strategic Metals: The Complete Investment Guide. Toronto: Maximus Press. Distributed in Canada by McClelland and Stewart. ISBN 0920954022.
  • Cavelti, Peter (1983). New Profits in Gold and the Precious and Strategic Metals Markets. Toronto: Hume Pub. Co. ISBN 0919255108.
  • Cavelti, Peter (1981). How to Invest in Gold. Toronto: Maximus Press. Distributed in Canada by McClelland and Stewart. ISBN 0920954014.
  • Cavelti, Peter (1979). How to Invest in Gold. Chicago: Follett Pub. Co. ISBN 0695814230.

(Peter I think we should list your financial publications, regardless of online links. First the books would be listed, then following that, financial reports, we could list linked reports on your website, and others that are not linked, that might be significant. What do you think? )

Appointments and Distinctions

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  • 1982 Co-founded the Dynamic-Guardian Gold Fund, a Canadian mutual fund, with Ned Goodman [15]. Co-managed fund with Pierre Lassonde [16].
  • 1983 Co-founded BGR Precious Metals Inc., as a closed-end investment fund, along with of Beutel Goodman & Company Ltd.[17] of Toronto and N.M. Rothschild & Sons Ltd.[18] of London. Joined as Director and Member of the Executive Committee. Co-managed fund with Pierre Lassonde and Kjield Thygesen. Later helped convert BGR Precious Metals Inc. into Dundee Precious Metals Inc.[19], an internationally active mining company with production, exploration and development assets in Canada, Bulgaria, Serbia, Armenia and Namibia. Director and Chairman of the Corporate Governance Committee.
  • 1983 Appointed by Ontario Premier William Davis[20] to serve on the Commodity Futures Advisory Board of the Ontario Securities Commission.
  • 1985 Appointed Chairman of the Commodity Futures Advisory Board of the Ontario Securities Commission by Ontario Premier David Peterson[21].
  • 1987-1998 Appointed Advisor to the Blanchard Precious Metals Fund and Co-Advisor to the Blanchard Strategic Allocation Fund, both of New York.
  • 1991 Featured in Brian Milner’s The Hidden Establishment: The Inside Story of Canada’s International Business Elite (Viking Books, published by Penguin Group).
  • 1999-2010 Cavelti’s social study, Tuiavii’s Way: A South Sea Chief’s Comments on Western Society, is accepted by key university libraries, including Harvard, Princeton and Northwestern.

References/Notes and references

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  1. ^ New York Magazine August 19, 1985, Peter Cavelti, Guardian Trust, https://books.google.ca/books?id=ZskBAAAAMBAJ&pg=PA18&lpg=PA18&dq=Peter+Cavelti+Guardian+Trust&source=bl&ots=-#v=onepage&q=Peter%20Cavelti%20Guardian%20Trust&f=false
  2. ^ APNews Cold Prices Untouched By Financial Crisis So Far https://apnews.com/3939410d2237bae9fcbe1c8bd6aaf372
  3. ^ https://www.cavelti.com/booksandessays.html
  4. ^ https://www.amazon.com/Profits-Gold-Silver-Strategic-Metals/dp/0070102880
  5. ^ Commodity and Currency Update, February 21, 2006 https://www.caseyresearch.com/daily-dispatch/commodity-and-currency-update-22106/
  6. ^ https://www.amazon.com/s?k=tuiavii%27s+way&ref=nb_sb_noss_1
  7. ^ https://www.amazon.com/Dangerous-Remedy-Peter-C-Cavelti/dp/0968246915
  8. ^ Doctors Without Borders https://www.doctorswithoutborders.ca/article/supporter-stories-why-i-give-msf
  9. ^ Médicins Sans Frontières https://www.medecinssansfrontieres.ca/article/portrait-de-donateur-pourquoi-je-donne
  10. ^ Charity Intelligence Article December 2017 https://www.charityintelligence.ca/research-and-news/ci-views/33-donor-giving/267-giving-season-2017-peter-cavelti-shares-his-
  11. ^ TFSS Annual Report 2017-2018 https://tfss.ca/wp-content/uploads/2019/06/Annual-Report-2017-2018-updated.pdf
  12. ^ Caroline Cavelti, Living From Stillness https://www.livingfromstillness.com/about
  13. ^ Melissa Cavelti, Cavelti and Associates https://www.cavelti.com/aboutmellissacavelti.html
  14. ^ John Stout, Mediator Arbitrator https://www.johnstout.ca/
  15. ^ https://en.wikipedia.org/wiki/Ned_Goodman
  16. ^ https://en.wikipedia.org/wiki/Pierre_Lassonde
  17. ^ https://www.beutelgoodman.com/
  18. ^ https://en.wikipedia.org/wiki/Rothschild_%26_Co
  19. ^ https://www.dundeeprecious.com/English/Home/default.aspx
  20. ^ https://en.wikipedia.org/wiki/Bill_Davis
  21. ^ https://en.wikipedia.org/wiki/David_Peterson
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Cavelti & Associates Ltd. Official website of Peter C. Cavelti



Category:Living people Category:1948 births Category:Canadian business executives Category:21st-century Canadian male writers