Winnifrith manages t1ps Smaller Companies Gold, which is the best performing fund in the IMA universe over a one-year period, with returns of more than 108 per cent. The manager has been bullish on gold for some time now, which has driven his outperformance.
While the precious metal is around $80 down from its peak pre-Christmas levels, Winnifrith thinks that the run on gold still has a long way to go.
The team at t1ps said: "There will be no shortage of those saying the gold boom is over. But the same people said that it was over at $1,000 and $800. In every bull market there are always pullbacks."
Performance of t1ps Smaller Companies Gold fund over 1-yr
Source: Financial Express Analytics
Winnifrith views gold as a critical hedge against ailing currencies, and expects prices to push far higher in 2011.
He explained: "Gold continues to be viewed by some as a commodity. However, we view it as a currency, and more importantly the world's currency. In the current economic climate, this should be the currency of choice.
"The dollar has, we believe, entered a critical state of decline. Unemployment in the US is roughly 23 per cent, but more importantly is the US administration's massively unsustainable debt. Current estimates of $14trn completely understate the real burden, with off balance-sheet liabilities not accounted for."
The manager believes that that there are similar problems for the Sterling and Euro.
"Gold and silver are the only assets where wealth can be stored, thus securing its value. Our aim is to not only to secure wealth, but deliver some serious capital growth via astutely selected mining stocks," he said.
"We will continue to buy and then hold for the eventual valuation rerating which will occur once gold pushes back through the $1,400 threshold and onwards."