Speech at the Gold Forum in Zurich

Laying out the rationale for gold and silver

I prefaced my speech with three questions:

• Why is gold rising?

• Why are bond yields rising? And

• What do we do about it?

Essentially, it was in these three parts. I laid out the legal basis for the distinction between money (gold, silver) and credit (currency, bank deposits, everything that is not metallic money). I explained why interest rates and bond yields are going higher — much higher. And lastly, I described how China and Russia are creating an industrial revolution away from our declining economies which would ensure demand for commodities would continue to drive their values up, making mining the only obvious sector to be in when US and other major western market values are undermined by higher bond yields.