John Doody: Gold to Become a Legitimate Reserve Asset in Basel III Agreement
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Jim welcomes John Doody PhD, editor of the Gold Stock Analyst. John sees the recent Basel III agreement making gold a Tier 1 reserve asset could be a major catalyst for gold. John also sees the negative interest rate environment as a key driver for gold. He also contrasts the difference between a gold ETF and a dividend-paying precious metals stock. As to John’s outlook for silver, he sees it as "gold on steroids."
John Doody brings a unique perspective to gold stock analysis. With a BA in Economics from Columbia, an MBA in Finance from Boston University, where he also did his PhD-Economics course work, Doody has no formal "rock" studies beyond "Introductory Geology" at Columbia, taught by the University's School of Mines. An Economics Professor for almost two decades, Doody became interested in gold due to an innate distrust of politicians. In order to serve those that elected them, politicians always try to get nine slices out of an eight slice pizza. How do they do this? They debase the currency via inflationary economic policies.
About James J Puplava CFP
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