Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. Dominic Frisby interviews Nick Laird, of http://www.sharelynx.com, for the GoldMoney Foundation. They talk about the gold price and gold charts in detail and Nick mentions his time frame and price targets for the gold bull market.
They discuss several ways of valuing and charting gold, comparing it to the DJI through the Dow/gold ratio as well as to real estate. Nick explains his view that we are in a Kondratiev winter and that gold is the best store of wealth until the down cycle reaches its bottom and the world goes back to investing and growing again. He recommends avoiding paper assets and fiat currencies during this cycle. They also talk about the US debt/gold ratio and the message it brings for gold.
They also talk about the possibility of governments revaluing gold to escape their debt trap and how this would require large multiples of the current gold price.
This podcast was recorded on 18 October 2011.
