Mining Speculator Newsletter Writer Greg McCoach is nothing if not outspoken. "The U.S. government is now getting to the point that it can no longer pay the interest on its Treasury Bill debt through normal means. Once this leaks out, the Fed will start creating money on top of money. It will become a total Ponzi scheme," he says. But Greg believes that same fiscal foolishness is creating opportunities in precious metals. In this exclusive interview with The Gold Report, Greg coaches you on how to preserve your capital with some junior mining stocks.
The Gold Report: Greg, in your bio, it says you’re also a…
I was a recent guest on one of Al Korelin’s radio shows. You can listen to it here if you like: Korelin Interview
My comments sparked the following e-mail from a listener:
Hi Jay, Good show. The only thing I really disagree with is your deflation scenario. I’m sure you’ve heard this a million times but if “true money supply” is increasing then we have inflation; there is no arguing this. Also you say banks have money to lend but won’t lend it. That will accelerate deflation but the criminals (central banks) still have ammo. If people won’t borrow, the government will pick up the slack and more, and if that doesn’t work they’ll deposit it straight in our bank accounts.
As we have mentioned many time, we believe that gold will continue to move higher. What the price ultimately ends up being in a few months or years is anybody’s guess. While we have taken stabs at the price the ultimate value will be in the relationship to what an ounce of gold will buy. Will the correlation of the Dow and gold price reach equilibrium? Dow 1,000 and gold $1000. Some have suggested this will happen or even a high value of gold to the dollar.
We have respect for the work of Sean Brodrick of the Wiess Research group…
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