Myths about Gold as an Investment Medium

James Turk, Peter Tallman and Michael Oliver return as guests on the next radio program.

Mainstream investment pros are starting to buy gold to “hedge” their equity portfolios. But most investment pros hate gold given their training in Keynesian economics. Keynes called gold a “barbaric relic” because it stood in the way of the elitist socialist economist manipulating markets for their advantage against the common man.

A pack of lies spread by Keynes regarding gold lives on in the minds of virtually all investors today because they have all been trained by Keynesian professors. What are the common fallacies about gold that can cost you dearly if you follow them? James discusses these subjects.On the heels of some very good drill results came a phenomenal one meter intercept grading 1,009 g/t gold on Klondike Gold’s Yukon property. Peter discusses what that major discovery hole means for Klondike’s world class gold exploration project. As usual Michael shares his insights into the most important markets at this time.

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James Turk is the founder and Lead Director of Goldmoney, which provides a convenient way to buy and sell gold online using the digital gold currency for which he was awarded four U.S. patents. He has specialized in international banking, finance, and investments since graduating in 1969 from George Washington University with a B.A. degree. He began his career with The Chase Manhattan Bank, with stints in Thailand, the Philippines, and Hong Kong. In 1980 he joined the private investment and trading company of a prominent precious metals trader and moved to the United Arab Emirates in Dec. 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, until he resigned in 1987. James Turk has written several monographs on money and banking and is the co-author of “The Coming Collapse of the Dollar,” “The Collapse of the Dollar,” and most recently, “The Money Bubble: What To Do Before It Pops.”

Peter Tallman, P.Geo, is President, CEO and Director of Klondike Gold Corp.  Mr. Tallman is an experienced mining entrepreneur and Professional Geologist. He has 35 years experience in the mining industry. Mr. Tallman has worked in Canada, Chile, Mexico, and Australia. His career has included the grassroots discovery and delineation of three mineral deposits, two of which have been mined, diversely including one gold, one antimony, and one zinc deposit. He is currently Director of Fiore Exploration Ltd. which is focussed on South America exploring for gold in Chile. Mr. Tallman has held either Founder, Director, and/or senior management positions at a number of publicly listed Canadian mining companies continuously over the past 20 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. 

About Jay Taylor