Socialism Provides a Bullish Case for Gold
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
John Rubino, Michael Oliver and Jim Payne return this week on the radio program.
Detachment of the dollar from gold in 1971 paved the way to fund the welfare and warfare state. At first the move toward socialism was slow but it is now accelerating with Democrats demanding a dictatorship the likes of which would have made Stalin proud. The outright destruction of capitalism is at hand. Living standards and the middle class are guaranteed to decline dramatically into the future as endless amounts of money are printed to fund demands beyond reality. Liberty will be destroyed. What shall we do to protect our wealth? What about gold & silver? That and other issues will be discussed with John.
Michael once again hit the nail on the head with his bullish call on gold many dollars below price chart technicians. He will explain why he thinks this move in the yellow metal is only the start. Jim will join us to provide an update on DynaCERT, which is finally making inroads with the company's HydraGEN technology in Europe.
John Rubino runs the popular financial website DollarCollapse.com. He is co-author, with GoldMoney's James Turk, of The Money Bubble: What To Do Before It Pops, and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), The Collapse of the Dollar (also with James Turk), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.
Mr. Jim Payne is Chief Executive Officer, dynaCERT Inc. Mr. Payne also serves as Chief Executive Officer of his privately held consulting, project management and real-estate development company operating in the GTA and surrounding areas. Mr. Payne graduated from St. Clair College in Construction Engineering, Project Management and Estimating in 1974. He has successfully built and managed his own private companies for more than 38 years. This provides Mr. Payne with years of experience in accounting, business leadership, and the legal aspects of governance. Over the last decade Mr. Payne has taken his natural networking skills and built on them to create strong team dynamics that lead to success and generate movement. With a strong leadership presence, Mr. Payne is leading dynaCERT in a way that has helped to streamline corporate activities, generate growth, form new partnerships, and bring the corporate vision to a reality.
J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining
E.F. Hutton's International Commodity Division, NYC. He studied under David Johnson, head of Hutton's Commodity Division and Chairman of the COMEX.
In the 1980's Oliver began to develop his own momentum-based method of technical analysis. In 1987 Oliver, along with his futures client accounts (Oliver had trading POA) technically anticipated and captured the Crash. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology.
In 1992 he was asked by the Financial VP and head of Wachovia Bank's Trust Department to provide soft dollar research to Wachovia. Within a year Oliver shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992. Oliver is the author of The New Libertarianism: Anarcho-Capitalism.