Hidden Secrets: Is $40,000 Gold Ridiculous?
October 22, 2013
Hosted by Jay Taylor
[Download MP3s: Hour 1: Hidden Secrets: Is $40,000 Gold Ridiculous? Hour 2: Hidden Secrets: Is $40,000 Gold Ridiculous? ] [itunes] [Bookmark Episode]
Guest Information
Episode Description
Michael Maloney visits for the first time to explain that what is touted as economic reality is largely a mirage. He explains why, since Nixon took us off the international gold standard, the detachment from the real economy to Wall Street and government theft is growing at an exponential rate of speed. But with the growth of fiat currency (currency forced on the population through the barrel of the government’s gun), the current gold price has become extremely cheap. Historically, when confidence has been lost in monetary system (1980 being the latest event), the price of gold has risen to twice its intrinsic value, measured relative to the post 2008-09 fiat currency growth explosion. If gold were to simply rise to its present intrinsic value. it would rocket to over $40,000! He is not predicting gold will rise to such a lofty level but he provides sound logic for it doing so and safe ways to own gold that may allow you turn hard economic times into good times.
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
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.
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