Inflation or Deflation in 2020?

Marc Faber, John Rubino and Quinton Hennigh return as guests on the program this week.

If you define inflation as an increase in the money supply, we can be 99% certain 2020 will be another inflationary year. But where will the money go? Will it continue to move into stocks or as Michael Oliver and Alasdair Macleod believe, will it start to move into commodities in a serious way and from there into a serious increase in consumer inflation as measured by the CPI?  

John Rubino opines on the question of inflation or deflation as does Marc Faber who also provides his views on the dollar and debt markets for 2020 and on geopolitics and global markets from his dwelling in Thailand.

Quinton Hennigh updates us on some major positive developments for Novo on what your host continues to believe is a world class gold project in the making.

You Tube

Born in Switzerland, at the age of 24, Dr. Mark Faber obtained PhD in Economics magna cum laude from the University of Zurich. Dr. Faber lives in Hong Kong since 1973 and publishes a widely read monthly investment newsletter “THE GLOOM BOOM & DOOM” report which highlights unusual investment opportunities, and is the author of several books including “TOMORROW’S GOLD – Asia’s Age of Discovery” which was first published in 2002 and highlights future investment opportunities around the world. “TOMORROW’S GOLD” was for several weeks on Amazon’s best seller list and has been translated into Japanese, Korean, Thai and German. Dr. Faber is also a regular contributor to several leading financial publications around the world. 

A book on Dr Faber, “RIDING THE MILLENNIAL STORM”, by Nury Vittachi, was published in 1998.

A regular speaker at various investment seminars, Dr Faber is well known for his “contrarian” investment approach.  He is also associated with a variety of funds. 

Dr. Quinton Hennigh is an economic geologist with 25 years of exploration experience, mainly gold related.  Early in his career, he explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation.  Dr. Hennigh joined the junior mining sector in 2007 and has been involved with a number of Canadian listed gold companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold asset that was recently sold.  In 2010, Dr. Hennigh helped start Novo Resources and began assembling its Australian exploration portfolio. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.  Currently is also a Director for Miramont Resources and Irving Resources. 

John Rubino runs the popular financial website 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 and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

About Jay Taylor