In the second hour JD is joined by Jim Willie for a discussion about all things Geo-political and economic including the current situation in Greece and the Ukraine, the pending collapse of the petrol-dollar, the rise of the AIIB and changes of power in the international trading platforms.
Jim Willie comes from US industry with three main fields of statistics covered. Since 2004, the Golden Jackass has been running the Hat Trick Letter, a newsletter that focuses on gold, currencies, central banks, and the economies.
Australian prospector Mick Brown, 42, still can’t believe his luck after he found a 87-ounce hunk of gold weighing more than 2kg in central Victoria, near Wedderburn. According to The Age, he named it the “fair dinkum nugget” because when people feel its weight they say “fair dinkum this is huge.”
The New York Times published an important article this week in which the benefits of gold to nation states during a period of currency wars was highlighted. The article was noteworthy as the New York Times has rarely covered gold in a positive manner.
To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. But when currencies collapse, gold shines.
