Are We There Yet?
August 2, 2022
Hosted by Jay Taylor
Michael Oliver and Patrick Highsmith return. Brian Leni joins us for the first time. The last time the U.S. had a serious inflationary problem was during the 1970s when gold rose from $35 to $800 per ounce. For the past 40 years there hasn’t been a significant consumer inflation problem though there has been an enormous amount of inflation in asset prices, caused not entirely by progress but by the debasing of the currency. Now, finally with insane amounts of money created out of thin air, we are once again experiencing consumer prices approaching double digits. Most commodities have risen dramatically but despite a huge amount of monetary debasement the two primary monetary metals, gold and silver, have not risen in value. Brian will be asked for his views on why the precious metals have been lagging commodities and whether he thinks we have seen the bottom for the junior exploration sector. What are his views for the next six months and how is he playing the junior gold and silver mining markets as we await the next boom in precious metals? No doubt Michael Oliver will have some views as well on those same topics and we will ask him what he needs to see to advise his subscribers to aggressively buy these very low-priced gold and silver shares. Speaking of low-priced junior mining shares with great upside potential, one of them is Timberline Resources which seems to be on the cusp of a meaningful Carlin-style gold discovery in Nevada judging by a number of high-grade drill intercepts similar to 41.1 meters grading 5.03 grams per ton. With a market cap of approximately US$7 million, you may want to pay attention to what Chairman Patrick Highsmith has to say about this year’s exploration program.
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.