Dominic Frisby asks Bob Hoye, of Institutional Advisors, about gold and mining stocks. They talk about markets in general and more specifically about gold, gold mining stocks, commodities, energy prices. Bob Hoye expects a new recession to come very soon. He expects lower stock prices within the next couple of years, with much higher prices for gold stocks. They talk about history and the performance of gold stocks in the 1930s.
Bob Hoye talks about his experience in mining exploration, discovery plays and when to get out. He sees growing investment demand for gold in a deflationary scenario, and how this will eventually affect gold stocks.
The beginning of a great depression, according to Bob Hoye, is normally marked by a mania in paper assets and the stock market normally behaves as a leading indicator. They point out the similarities between 2011 and 1937. They talk about the history of the Great Depression, the gold standard and fiat currencies.
This second episode of the GoldMoney Foundation podcast starring Dominic Frisby was shot 11 October 2011.
