Gold Today: Gold Constitutional Money. Gold as Wealth Preserver
Investor extraordinaire Eric Sprott and Dr. Larry Parks are this week’s special guests. Dr. Parks leads off with a discussion on the U.S. Constitutional framework for gold and silver as money. He discusses how the use of fiat money to replace gold and silver has led to massive financial problems but more importantly to social injustice and untold riches for the banks, who now control our political and economic system. His focus is on how our present fiat monetary system operates to destroy savings, pensions and jobs and what to do about it.
Eric Sprott provides evidence that our financial system is bankrupt and that gold and silver values are heading for the moon relative to increasingly worthless paper money. Eric is even more bullish on silver than gold although he is unwavering in his view that gold prices will rise dramatically in the years to come. He agrees with Dr. Parks in noting that only a relative few investors have yet purchased gold and silver. As such the bull market in the Precious Metals is still quite young.
Lawrence Parks is the Executive Director of the Foundation for the Advancement of Monetary Education (FAME). He has broad experience in academia, in business, and in finance and holds a Ph.D. in Operations Research from the Polytechnic University.
Dr. Parks has studied the money issue for more than thirty years. His writings have appeared in Pensions & Investments, The Economist, The Washington Times, The Freeman, The Free Market, American Outlook, The United States Congressional Record, National Review, and others. He is an active member of many civic and social organizations, a member of The United Association for Labor Education, The National Writer’s Union, UAW 1981, AFL-CIO, and he is a frequent speaker on the Fight for Honest Monetary Weights and Measures.
Eric Sprott has accumulated 35 years of experience in the investment industry. Eric started as a research analyst at Merrill Lynch. In 1981, he founded Sprott Securities (now Cormark Securities Inc.), one of Canada’s largest independently owned securities firms. After establishing Sprott Asset Management Inc. as a separate entity in December 2001, Eric divested his entire ownership of Sprott Securities to its employees.
Eric’s investment abilities are well represented in his track record in managing various funds among which are the Sprott Hedge Fund L.P., Sprott Bull/Bear RSP Fund, Sprott Offshore Funds, Sprott Canadian Equity Fund and Sprott Energy Fund.
Eric was the recipient of the 2006 Ernst & Young Entrepreneur of the Year Award (Financial Services) and the 2006 Ernst & Young Entrepreneur of the Year for Ontario. In 2007 was named Fund Manager of the Year by Investment Executive, a publication for Canadian financial advisors.
investing in gold-Gold Investor – An online resource for the base metal, precious metal and gold (maybe world) markets. A gateway for research, news, gold spot price data and education for the exploration and mining sector.
Processing your request, Please wait....
