Preparing for Accelerating Price Inflation
August 24, 2021
Hosted by Jay Taylor
[Download MP3] [itunes] [Bookmark Episode]
Lyn Alden, Chen Lin and Dr. Quinton Hennigh return. Lyn will explain why rates of inflation may be transitory but prices levels will continue to rise, and possibly dramatically so. Her outlook for oil and gas is very bullish because she doesn’t believe alternative sources of energy can come on stream nearly as rapidly as assumed by many investors. She also favors alternative forms of money like gold and silver and remains open to owning Bitcoin and other crypto currencies. She will explain those key investment views, which are largely shaped by a Federal Reserve Bank that is a prisoner of a debt trap of its own doing. The only way out is massive money creation from thin air that will force the price of goods and services much higher as measured in an increasingly debased dollar. One way to protect your wealth against dollar debasement is not only to own gold and silver but to own companies that discover and produce those metals. Eskay Mining’s VMS project that is geologically related to and next door to one of Canada’s riches mines in history, that being the Eskay Creek gold & silver rich polymetallic mine. A discovery of one or more of similar deposits is looking increasingly possible for Eskay Mining and Quinton will update us on the company’s exploration progress. Chen Lin will discuss his views of the market and share some of his favorite picks.
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.