Why Invest in Gold if the Dollar is Strong?

Keith Weiner, Quinton Hennigh and Chen Lin return.


Keith Weiner’s Monetary Metals encourages investors to lease or lend their gold or silver to Monetary Metals’ clients in exchange for interest payable in kind. At the same time, Keith makes a very strong case that the dollar will continue to get stronger relative to the Euro, Swiss franc, Japanese yen, Canadian dollar, British pound and Swedish krona. Generally, a strong dollar is viewed as bearish for gold. So why is Keith touting gold ownership at the same time that he takes an exceptionally bullish view on the dollar?

 

We will ask him to explain that as well as why the economics of leasing or lending precious metals work to the advantage of gold borrowers and lessees and what the risk/reward tradeoffs for owners of gold and silver are when they lend or lease their gold through Monetary Metals. You can find out more at monetary-metals.com/jay-taylor-media.


Chen will provide his latest views on the markets based in part on his connections with Chinese investors and Quinton will update us on the emerging high margin gold mining assets of Irving Resources and two of its major shareholders, Newmont Corporation and Sumitomo.

Keith Weiner, PhD, CEO & Founder of Monetary Metals is a leading authority in the areas of gold, money, and credit and has made important contributions to the development of trading techniques founded upon the analysis of bid-ask spreads. He is the founder of DiamondWare, a software company sold to Nortel in 2008, and he currently serves as President of the Gold Standard Institute USA. He earned his PhD from the New Austrian School of Economics.


Chen 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 tracked, 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.  You can visit his website at http://chenpicks.com/

Quinton Hennigh is a member of the Crescat Capital management team and a director. He serves Crescat as the firm’s geologic and technical advisor. He is a globally renowned exploration geologist with 30+ years of precious metals mining experience. Dr. Hennigh began his career in gold exploration after obtaining his PhD in Geology/Geochemistry from the Colorado School of Mines. Early in his career he worked for major gold mining companies including Homestake Mining (now Barrick Gold Corp.), Newcrest Mining, and Newmont Corp. Later, Dr. Hennigh founded Novo Resources Corp (TSXV: NVO), acting as its CEO and currently serving as Non-Executive Co-Chairman. He has played a key role in major global discoveries such as Novo’s Pilbara assets in Western Australia, First Mining Gold’s Springpole gold deposit in Ontario, Kirkland Lake Gold’s Fostervillegold mine in Australia, the Rattlesnake Hills gold deposit in Wyoming, and Lion One’s Tuvatu gold project in Fiji, among many others.

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Jay Taylor
Taylor Hard Money Advisors, Inc
718-457-1426