Monetary Climate Change and Gold

Ronald-Peter Stöferle and Dr. Quinton Hennigh return as guests on this week’s program.

The “Fourth Turning” written in 1997 predicted that during the mid 2000’s, major social, economic and political changes would occur in the U.S.  The 2008-09 financial crisis followed by the election of Barak Obama has indeed marked America’s 4th Fourth Turning. Fourth turnings always bring major social and political changes.  And so we now see BLM & Antifa clamor for Marxist rule and many, if not most Democrats and the intelligence community, seem to be in sympathy with those aspirations.

Lenin said that the best way to destroy the capitalist system is through currency debasement because by so doing, governments can confiscate wealth, secretly and unobserved, from an important part of its citizenry. Whether these forces destroy all that 1776 bequeathed to Americans, only our Creator knows for sure. But if currency debasement is the best way to destroy capitalism, America is well on its way toward that end. From the 2021 edition of “In Gold We Trust,” co-author Ronald Peter Stöferle explains why he believes the U.S. has reached a tipping point where inflationary forces have begun to dominate.

But the one thing that remains unchanged and secure as long as this world endures is the purchasing power of gold, thus, the need to own it and shares in the companies that produce it in times like these.  Quinton talks about the progress on Eskay Mining’s gold-rich, poly-metallic deposit in B.C.  

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Ronald-Peter Stöferle is a Chartered Market Technician (CMT) and a Certified Financial Technician (CFTe). During his studies in business administration and finance at the Vienna University of Economics and the University of Illinois at Urbana-Champaign, he worked for Raiffeisen Zentralbank (RZB) in the field of Fixed Income/Credit Investments. In 2006 he began writing reports on gold. His six benchmark reports called “In GOLD we TRUST” drew international coverage on CNBC, Bloomberg, the Wall Street Journal, The Economist and the Financial Times. He was awarded “2nd most accurate gold analyst” by Bloomberg in 2011. 

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 Cuya Silver Corp., Irving Resources, and Technical Advisor for Lion One Metals, Eskay Mining, Eloro Resources & others.

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.