Investing in 2016. Should We Give Up on Gold?

Alasdair Macleod and Chen Lin return as guests on the latest episode of the radio program.

The Chinese, Indians and Russians have been importing massive amounts of gold, yet its price in dollars continues lower due to massive manipulation by major bullion banks. Americans have been taught to hate gold and revere fraudulent fiat money, backed by nothing other than U.S. military force. But the Chinese are using gold rather than dollars to buy oil from Russia.

At the same time, total international trade denominated in dollars is shrinking for the first time since the Great Depression. And the velocity of money is in decline as in the 1930s. As we enter a global recession, what will all this mean for gold in 2016? Is it time to give up on gold and declare an anti-free market, fraudulent Fed and the military industrial complex winners? Or might gold bounce back in 2016?

Regardless, Chen shares some profit making ideas in biotech companies moving toward a cure for cancer and other diseases and opportunities in the energy sector.

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Alasdair Macleod-newAlasdair Macleod runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. Alasdair has a background as a stockbroker, banker and economist. He is a Senior Fellow at the GoldMoney Foundation. His weekly articles written for GoldMoney are posted on his blog at http://goldmoney.com/?gmrefcode=jtgts

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chen-newChen Lin, had been a doctoral candidate in aeronautical engineering at Princeton. However, Chen found his investment strategies were so profitable that he put his Ph.D. on the back burner to devote full time to private investing and writing a newsletter titled “What is Chen Buying? What is Chen Selling?” Chen’s track record has been phenomenal! In one account we track in which he used no leverage, he was able to grow $5,411 starting in 2002 to over $2.2 million by the end of 2012.

About Jay Taylor