by Chris Waltzek
GoldSeek Radio
Chris welcomes back Bob Hoye, senior investment strategist at Institutional Advisors. Bob outlines his latest forecasts for gold, silver their shares and the US stock indexes. Just as the emotions of fear (nadirs) and greed (zeniths) still reign in the financial markets, little has changed in hundreds of years regarding monetary policy. As it is today, so it was even in antiquity – policymakers debased their currencies, until all that remained was the base metal content. The outcome is always the same, each nation / empire entered a protracted period of decline. The discussion turns to the Reuters report, regarding the DB financial institution’s confession of precious metals market manipulation including long-term silver fixing. The major banker agreed to reveal several of its conspirator’s in a settlement. Bob Hoye’s work indicates that during deflationary Great Crashes, since the 1600’s, 80% of the time gold (real money) has yielded stunning portfolio returns, as well as PMs mines, which are typically profitable during such troubled periods.