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Will Democrats be Gold Friendly?

Summary:
John Rubino and Dr. Quinton Hennigh return as guests on this week’s program. The Democrat party hates gold. Alan Greenspan explained why in 1966. He wrote: “This is the shabby secret of the welfare statist tirades against gold. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.” Now that Democrats control all branches of our government what will that mean for stocks, bonds, commodities and precious metals in 2021? Absent a Republican-controlled senate, we can anticipate endless trillions of inflationary dollar creation. John opines on what that will mean for the

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John Rubino and Dr. Quinton Hennigh return as guests on this week’s program.

The Democrat party hates gold. Alan Greenspan explained why in 1966. He wrote: “This is the shabby secret of the welfare statist tirades against gold. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.” Now that Democrats control all branches of our government what will that mean for stocks, bonds, commodities and precious metals in 2021? Absent a Republican-controlled senate, we can anticipate endless trillions of inflationary dollar creation.

John opines on what that will mean for the markets and precious metals. Quinton provides updates on Eloro Resources and the very exciting prospects of discovering at Eskay Creek 2.0, Eskay 1.0 being the highest grade mine in Canadian history. 

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Will Democrats be Gold Friendly?John Rubino runs the popular financial website DollarCollapse.com. He is co-author, with GoldMoney’s James Turk, of The Money Bubble: What To Do Before It Pops, and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), The Collapse of the Dollar (also with James Turk), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications.

Will Democrats be Gold Friendly?Dr. Quinton Hennigh is an economic geologist with 25 years of exploration experience, mainly gold related.  Early in his career, he explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation.  Dr. Hennigh joined the junior mining sector in 2007 and has been involved with a number of Canadian listed gold companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5-million-ounce gold asset that was recently sold.  In 2010, Dr. Hennigh helped start Novo Resources and began assembling its Australian exploration portfolio. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.  Currently is also a Director for Cuya Silver Corp., Irving Resources, and Technical Advisor for Lion One Metals, Eskay Mining & others.

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