Hinde Capital’s Ben Davies: Gold Revaluation to Solve Financial Crisis

Ben Davies Hinde CapitalIn this MUST LISTEN interview, 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 states 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.

Davies’ full interview is below:

 

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Comments

  1. FED still lists gold at a really low value, right? Would that be part of covering more debt than a doubling of gold would otherwise?
    In case of a default, what cash settlement price do we get for our longs? The COMEX one would be irrelevant, better to use the official FED one?

  2. I listened to this before on another Forum and found it boring as heck and was putting me to sleep. Lol

  3. Firstly, to have a Gold backed exchange economy you need the Gold.
    Secondly, the Cartel Families don’t want that so would not allow it - no profit.
    Thirdly, the BRIC’s Countries may well do that but it won’t happen until the Western Cartel is bankrupted.
    Forthly, sit tight, stack, modify your preps to cover it and enjoy the show. 
     

    • Cartel is bankrupt, derivatives market will sink the banks.

    • The cartel pretends that they are still solvent.  TRUE bankruptcy will come when they can no longer pretend to be solvent.  This is similar to a comment once made about the communist system: “The government pretends to pay us and we pretend to work”.

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