Will COVID-19 Lead to a Gold Standard?

Alasdair Macleod, Axel Merk and Michael Oliver are guests this week.

In 2004 Dr. Stephen Roach of Morgan Stanley warned America was on a collision course as it borrowed excessively from China and Japan to fund its Treasury. The collision Dr. Roach warned about in 2004 was heard in September 2019 when Repo market interest rates exploded to 9% revealing a bankrupt America. On that basis alone, Alasdair was warning of an impending collapse of the existing dollar-centric fiat currency system.

And then came COVID-19, triggering what may become the emergence of a depression greater than that of the 1930s. Almost certainly there will be a currency reset. But will gold be a part of the new system? How will gold perform as the reset takes shape? Those topics are discussed with Alasdair.

Axel talks about OUNZ, a paper gold ETF, that allows investors to take possession of physical gold. Michael provides his usual prescient insights into the momentum of key markets.

Audio
You Tube

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 experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. His weekly articles written for GoldMoney are posted on his blog at https://www.goldmoney.com/research/goldmoney-insights Because of his deep insights into underlying market dynamics, Alasdair is one of the most frequent guests on Turning Hard Times into Good Times.

Axel Merk is the President and CIO of Merk Investments, manager of the Merk Funds, which he founded in Switzerland (1994) by pooling the investments he had been managing for his friends starting in college.  He then relocated the firm to California in 2001 as a SEC registered investment advisory.

Merk is an expert on macro trends as well as an innovator in gold and currency investing. He is a sought-after speaker, contributor and author (his book, Sustainable Wealth, describes how the greater economic universe works, how it might affect and how to manage your finances to seek financial stability). Axel Merk holds a B.A. in Economics (magna cum laude) and a M.Sc. in Computer Science from Brown University.

Merk’s insight and expertise have allowed him to predict major economic developments (he identified the credit bubble and moved his clients out of real estate and the faltering U.S. dollar, into hard currencies and gold ahead of the equity and credit market collapse of last decade).

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