Will Gold Save China When Its Credit System Crashes?

Ian Klassen appears as a guest for the first time while Dan Oliver and Michael Oliver return.

China is expanding its monetary system even faster than the Fed and other western central banks. But China has been amassing huge amounts of physical gold while the West continues in its disdain and blissful ignorance regarding the nature of money. A systemic collapse of China’s monetary system is not in question. The question is when will it take place? And when it does, will a new more viable system gold-backed monetary system emerge that is used by China, Russia and other New Silk Road trading partners? What might that mean for the dollar-denominated gold price and for the gold mining shares? Those and more questions will be addressed by Dan.

Ian talks about GMV Minerals and the progress it is making in outlining a sizable gold deposit in Mexico that investors appear to be oblivious to and Michael, as always, provides his valuable updates on the gold and other key markets.

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Dan Oliver is the Director of Committee for Monetary Research and Education, a non-profit educational organization that seeks to promote greater public understanding of the nature of monetary processes and of the central role that a healthy monetary system plays in the well-being, indeed, in the very survival of a free society.  He is also the founder and Managing Director of Myrmikan Capital, LLC.  Dan was previously a Partner at Bearing Capital LLC, an asset management firm specializing in Latin American energy, commodity and infrastructure projects.

Mr. Oliver has a MBA from INSEAD (2004-2005), a JD, Law from Columbia University of Law (1998-2001) and a BA, Philosophy, English from Vanderbilt University (1992-1996).

Ian Klassen, Pres/CEO of GMV Minerals, has 25 years of experience in public company management, P.R., government affairs and entrepreneurialism with extensive experience in administration, finance, government/legislative policy, media relationship strategies and project management.

Mr. Klassen is the President of a No. Amer. mineral exploration company and sits on the Board of Directors of several private and public companies. Prior to his management activities within private and public companies, Mr. Klassen held a variety of positions within federal Canadian politics including; Sr. Political Advisor to the Minister of State (Transportation); and Chief of Staff, Office of the Speaker of the Canadian House of Commons.

Mr. Klassen graduated with an undergraduate Honours Degree from the Univ. of Western Ontario in 1989. In 1992, he received the Commemorative Medal for the 125th Anniversary of the Confederation of Canada for his significant contribution to his community and country.

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