Frank Holmes on Gold and Markets in General
August 20, 2019
Hosted by Jay Taylor
Frank Holmes, Eric Coffin and Michael Oliver return. Forced by the U.S. to abandon gold-backed money after Aug. 15, 1971, the world has embarked 100 percentage on the use of fantasy money created out of thin air rather than the tried and proven gold-backed monetary system. Fiat money backed by military force has left global markets in a perilous state. Rigged interest rates have caused capital to be misallocated leaving the world unable to meet debt obligations. With a strong understanding of gold and gold share markets and a global overview of the financial markets in general, we will look to Frank to help us peer into the future. From a shorter term perspective Eric will provide his insights into the junior gold share markets and perhaps have a top pick or two to share with you. No one has provided better guidance regarding the gold markets than Michael. We will ask him for his latest sense of direction for precious metals, currency, debt and equity markets.
Turning Hard Times into Good Times
Tuesday at 12 Noon Pacific Time on VoiceAmerica Business Channel
Jay Taylor’s show will explain the real underlying causes for plunging stock prices, plunging home prices and growing unemployment. By correctly diagnosing the cause of America’s economic decline, rather than listening to excuses from Wall Street and Washington, Jay will offer winning investment ideas to protect and increase wealth.
Topics to be discussed will include the cause of the decline of: our monetary system and our economy, the housing markets, the equity markets, and commodities, Why gold and silver are rising in value and how investors can profit from the direction of these markets through specific stocks, ETF’s and precious metals will also be discussed. Turning Hard Times into Good Times is broadcast live every Tuesday at 12 Noon Pacific Time on the VoiceAmerica Business Channel.
Jay Taylor has been able to more than double his newsletter’s model portfolio from 2000 to the present even as the S&P 500 was in the process of losing 50% of its value!
The insights provided to Jay came from a history professor in 1967 who advised Jay that when countries go off a gold or silver standard, hard economic times are sure to follow because nations begin to think they do not need to work hard and save to enjoy a better life. Indeed there is no free lunch and a gold standard reminds people of that every day.
Jay watched his professor’s prophetic words come true when in 1971, President Nixon completely detached the dollar from gold. Not surprising to Jay, the price of gold skyrocketed in the late 1970s as inflation wiped out vast amounts of wealth from average Americans. To protect his own wealth Jay began to invest in gold and gold mining shares and in 1981 he began sharing his success and insights in his newsletter. In 1981 Jay began writing a subscription newsletter that has earned his subscribers countless thousands of dollars over the years.
Jay’s insights as to the real cause of our problems has enabled him to find investment strategies that work. Diagnose a problem correctly and you have a chance for success. Diagnose a problem incorrectly as the establishment does and you are sure to fail.