Turning Hard Times Into Good Times

Andrew Maguire, Chris Taylor and Michael Oliver return. FOX Business, Bloomberg & CNBC haven’t mentioned a huge change in the accounting of gold for banks by the end of this month but it’s a very big deal! Gold will become a Tier 1 asset valued at 100% for banks. That means that gold will be counted as a much more valuable asset held by banks against which they can make more loans. Finally there may be a reason for banks to desire higher rather than lower gold prices. Might Basel III along with endless QE start the next gold price explosion? That and other market dynamics underlying gold’s next major bull market will be explored with Andrew. Chris will update us on one of the most exciting recent gold exploration stories, that being Great Bear Resources. Its Dixie project looks very much like the rich Red Lake Gold deposit that made Goldcorp. Michael will share his latest comments on gold and other markets of significance to assure us we are traveling on profitable investment paths.