Ben Davies (Part 2/2): on the gold price and inflation

Episode 102: GoldMoney’s Alasdair Macleod talks to Ben Davies, co-founder and CEO of Hinde Capital. They talk about the recent weakness in the gold price and factors that will propel gold higher.

Ben Davies thinks that revaluing gold and backing the monetary system with it could be one of the least disruptive ways out of the credit mess. The continuance of debt monetisation on the other hand has the potential to cause a hyperinflationary collapse. Davies is especially pessimistic about Japan, and sees a lot of trouble ahead and talks about Fukushima as a turning point for the country. He also talks about the dire straits the British pound is in.

Davies discusses the recent disappointing performance of gold bullion in light of all the monetary inflation around the globe. However, he points out that the physical market is fairly tight which usually occurs around a price bottom. They also talk about the pressure on the gold mining industry, China’s accumulation of gold, Comex gold data and the possibility of another banking crisis.

This podcast was recorded on 20 February 2013.

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Alasdair started his career as a stockbroker in 1970 on the London Stock Exchange. In those days, trainees learned everything: from making the tea, to corporate finance, to evaluating and dealing in equities and bonds. They learned rapidly through experience about things as diverse as mining shares and general economics. It was excellent training, and within nine years Alasdair had risen to become senior partner of his firm. Subsequently, Alasdair held positions at director level in investment management, and worked as a mutual fund manager. He also worked at a bank in Guernsey as an executive director. For most of his 40 years in the finance industry, Alasdair has been de-mystifying macro-economic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman’s terms what governments do with money and how to protect themselves from the consequences.

3 thoughts on “Ben Davies (Part 2/2): on the gold price and inflation”

  1. Can I just say what a relief to obtain somebody who truly knows what theyre talking about online. You surely know ways to bring an problem to light and make it necessary. Far more consumers must read this and have an understanding of this side of the story. I cant believe youre not more well-liked simply because you certainly have the gift.

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  2. As a form that could quickly change ownership via purchase and
    sell, gold bars are perfect assets as they may be put
    to use as hedge from sudden economic hardships.
    And rightfully so, it had been the only one I agreed with.
    , and use the down market right now and get these properties
    dirt cheap. An IRA can be considered like a long-term investment due to the purpose of
    being held for the life following retirement. There are, however, some things
    that you need to get aware of if you decide to set up your own gold IRA.

  3. It would seem that many of the world�s investors are suddenly not investors after all. Witness the spectacular economic crisis just a few years ago (which we are still feeling the effects of and suffering from). Lots of the people who lost money then thought they were investors, but circumstances have shown that they were actually just speculators

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