Summary:
- Chris welcomes back Bob Hoye, senior investment strategist of Institutional Advisors.
- The first silver coin minted in the US in 1794 sold at auction for $4,993,750 this week, an extreme illustration of the wealth preserving qualities of the PMs.
- Institutional Advisors, suggests that every investor own gold as insurance against the unexpected, particularly in the long-term.
- Our guest ignores the PMs supply / demand conditions, preferring instead to monitor silver / gold ratio for credit issues.
- His in-depth technical analysis agrees with that of the host - US equities may be re-testing a break-down, resistance level, indicative of a bear market.
- The recent lackluster domestic unemployment announcement could restrain Fed policymakers from raising rates.
- The head of Tocqueville PMs fund expects the continued flow of PMs from Western nations to Eastern countries to culminate in a short-squeeze of epic proportions.
- In the next phase of the credit crisis, gold could surge higher, as a refuge of last resort.
- Head of the Trends Research Institute, Gerald Celente outlines a less than sanguine economic ontology.
- A modern economic depression could develop, due in part to stagnant wages and shadow unemployment.
- Fed policymakers may heed Former Fed Head, Dr. Bernanke's suggestion to push the benchmark lending rate into negative territory.
- In Dickensian-like fashion, savers hand over their capital to lenders, while paying for the less than savory opportunity.
- The Trends Research Institute recently hosted a conference with leading speakers, including Dr. Paul Craig Roberts, Dr. Gary Null and Ralph Nader.
- Our guest expects the premium for financial portfolio insurance to skyrocket, boosting demand / price of PMs, his preferred retirement safe haven.