Why the Future of Money is Gold & Silver

Alasdair Macleod, Michael Oliver and Chen Lin return as guests on this week’s radio program.

With bitcoin’s price still rising and expected to rise even more, there has been a growing belief in crypto currency circles that it will replace unbacked government currencies when they eventually fail. Alasdair says the assumptions behind this conclusion are naïve, exposing hardly any knowledge in what qualities are needed for sound money. Governments resist a return to gold-backed currencies but Alasdair will explain why governments will have no choice but to do so as a result of powerful market forces. And we will ask him what signs to look for that will tell us a change to gold-backed money is upon us.

Michael will update us on the markets he thinks are the ones you need to watch most closely as the march toward non-backed fiat currency destruction continues. Chen will talk about a couple of his favorite investments and perhaps provide some thoughts about how geopolitical dynamics may impact the markets through 2021.

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 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.

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 chenpicks.com

J. 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.

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Jay Taylor

Taylor Hard Money Advisors, Inc

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