-- Published: Sunday, 16 November 2014 | Print | Disqus
Nov. 14, 2014
Featured Guests
Bob Hoye & David Morgan
(guest order by seniority)
Bob Hoye - Summary:
Bob Hoye thinks widening credit spreads suggests a repeat of the 2007 credit contraction is imminent, resulting in a cyclical top in the stock market.
Key Takeaway: The Gold / Commodity ratio bottomed in June and continues to trend higher, suggesting that precious metals miners will soon benefit from the sea change.
Gold has become so affordable, that some miners (source: Bloomberg report) are finding profits as scarce as 20 lbs. gold nuggets, making a rally virtually inevitable.
The host offers a bond fund recommended by Zack's rating service with potential for an impressive rally with nearly a 9% coupon / dividend yield.
Russia's gold miners are suffering from recent sanctions from the West, their Central Bank is buying up most of their output, reducing global supply and increasing demand.
Bob and the host remember fallen veterans on Veteran's Day / Remembrance day, discussing the significance of the allied intelligence efforts at Bletchley Park as well as on the East Coast, US.
David Morgan - Summary:
Approximately 4,000 paper / fiat currencies (99.9%) have failed in human history - the Greenback / Euro / Yen will follow suit.
The average length of a fiat currency is forty years; a crisis imminent.
David Morgan proposes a bi-metallic standard, where a simple mathematical algorithm would adjust the price of real money.
Following the guidelines outlined by Hugo Salinas Price, central banks could sell 10% of gold reserves, buy silver with the funds and distribute as coins to the populace.
Even Milton Friedman admitted that silver is the major monetary metal in history.
David Morgan: Seduced by silver at the tender age of 11, David Morgan started investing in the stock market while still a teenager. A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems ahead and reasons for investing in precious metals.
David considers himself a big-picture macroeconomist whose main job as education—educating people about honest money and the benefits of a sound financial system—and his second job as teaching people to be patient and have conviction in their investment holdings. A dynamic, much-in-demand speaker all over the globe, David’s educational mission also makes him a prolific author having penned "Get the Skinny on Silver Investing" available as an e-book or through Amazon.com. As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications.
Additionally, he provides the public a tremendous amount of information by radio and writes often in the public domain. You are encouraged to sign up for his free publication which starts you off with the Ten Rules of Silver Investing where he was published almost a decade ago after being recognized as one of the top authorities in the arena of Silver Investing.
With a degree in geophysics and a number of fascinating summers in mining exploration, one winter in "the bush" quickly led Bob into the financial markets. This included experience on the trading desk and in the research department of a large investment dealer, which led to institutional stock and bond sales.
Bob's review of financial history provided the forecasting models designed to anticipate significant trend reversals in the sometimes alarming volatility typical of the transition from rampant speculation in tangible assets to fabulous speculation in financial assets.
In anticipation of the latter opportunity, a monthly publication for financial institutions was started in January 1982.
This competently covered the stock market, the yield curve, credit spreads as well as metal and energy prices.
In 1998 the Institutional Advisors website was started as a forum for unique and reliable financial research.
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