Turning Hard Times Into Good Times

Richard Maybury and Daniel McAdams return. Thanks to America's flawed foreign policy, Russia has gained and the U.S. has lost influence in the oil-rich Middle East. Meantime, the U.S. is entering the South China Sea to constrain China, Russia’s closest ally. Under their leadership, the BRICS are seeking to overthrow the U.S. dollar as the world’s reserve currency and to deter the U.S. military from threatening their sovereignty. With the U.S. dollar backed by petroleum, and the U.S. losing its power in major oil producing regions of the world, what might that mean for the dollar’s purchasing power and for the price of gold? Insights into these topics will be sought from two geopolitical experts, Daniel McAdams and Richard Maybury. With gold seeming to be in a bottoming process, gold mining companies are starting to look very attractive again. Your host will pass along some market insights on gold shares and on the markets in general from Michael Oliver.