Will Gold Zoom Higher with Greece on the Brink of Default?

Axel Merk and Michael Oliver return as guests this week to the radio program.

Axel Merk says why the dollar is overvalued relative to the Euro despite the increasingly likely outcome of a Greek default. Will a Greek default cause banks to take money from depositors as Cyprus did? If so, will that drive Greek citizens and others out of the banking system into gold as James Turk suggests? Those and many more questions relating to how we can best protect ourselves in an increasingly chaotic world were asked of Axel.

The largest bubble in the history of the world is the sovereign debt bubble. Now finally, there are signs that the U.S. Treasury bull market that started in 1981 may be nearing an end. If so, this would be one major tectonic shift in the global markets and could spell the next major leg up for gold and other tangibles. Michael Oliver shares his insights into both the U.S. Treasury market and gold. Your host shared his latest thoughts on his favorite gold exploration stock, namely Novo Resources.

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Axel MerkAxel 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-newJ. 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

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.