A Return to the Gold Standard? Is that Possible?

Alasdair Macleod and Michael Oliver return while Bill Pincus appears for the first time.

Alasdair says that a return to a gold standard is the only way nations can contain the interest cost of servicing debt. The only alternative is inflationist policies that can only lead to far higher interest rates and currency destruction. He opines that the upcoming credit crisis is likely to kill off the welfare state model in the West by destroying their unbacked paper currencies, while China, Russia and their Asian allies have the means to prosper. What happens to the dollar if the U.S. opts to take the short-term easy way out and how should investors respond?

Michael provides his usual prescient views of the markets we care most about and Bill Pincus tells us of a world class gold-copper target that his company, Miramont Resources, is starting to drill with first assays due within weeks.

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Alasdair Macleod has a background as a stockbroker, banker and economist. He is a Senior Fellow at the GoldMoney Foundation and Head of Research at Goldmoney.  His weekly articles written for GoldMoney are posted on his blog at http://goldmoney.com/?gmrefcode=jtgts

 

 

Bill Pincus, President, CEO & Director of Miramont Resources, has 40 years of experience as a geologist, consultant and executive in the minerals industry. He has held senior positions in FMC Gold (later Meridian), Sunshine Mining and various junior companies. Starting in 2002 he formed Esperanza Resources and served as CEO/President. Esperanza successfully discovered two deposits in Mexico and Peru before its acquisition by Alamos Gold. He has extensive Peruvian experience having lived and worked there for over 25 years.

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.