Turning Hard Times Into Good Times

Richard Maybury, Ivan Bebec and Michael Oliver return. Following the 2008-09 financial crisis, Fed Chairman Ben Bernanke began to implement the Modern Monetary Theory (MMT) resulting in zero and negative interest rates. With a modest recovery in place but with debt continuing to grow exponentially against linear GDP growth, the Fed has stopped MMT for now. But in preparation for the next crisis, it is ready to pile trillions more of debt-manufactured dollars onto the global economy. We will ask Richard what impact that kind of insane monetary policy will have on our investments. Ivan will update us on Auryn Resources’ exploration efforts in Peru where the company is exploring a very large gold-copper porphyry target and where some potentially exciting assay results are expected soon. With Michael explaining last week that any major rise in gold will depend on an equity markets’ decline, we will ask him for his latest view on the S&P 500.