Jason Burack of Wall St for Main St interviewed first time guest, Jim Puplava, CFP. Jim is a Certified Financial Planner, he is the Founder & President of the Puplava Financial Group of Companies, and he’s host of the popular Financial Sense Newshour show http://www.financialsense.com/ since 1987!
Jim’s firm manages around 0 million of client money.
Jim’s full bio can be found here: http://www.financialsense.com/contributors/james-j-puplava
During this 30+ minute interview, Jason starts off by asking Jim why he thinks gold & gold stocks have rebounded so much since December?
Jim talks about negative interest rates and how it is very good, in his opinion, for gold and gold stocks.
Jason and Jim discuss the gold market further including how the market is so small that money managers moving into gold can cause big moves in a short amount of time.
Next, Jason asks Jim about the state of the global economy. Jim talks about how the global economy is slowing down and he expects the US to enter into a recession soon with official US government economic statistics.
Jason then asks Jim what, in his opinion, the US shale oil boom has done to peak oil? (since Jim has read hundreds of books about the oil market and interviewed many dozens of experts).
Jason and Jim discuss the global economy further including the European banking crisis, whether China will need to bailout their state owned banks or state municipalities and whether the stock market will crash?
Jim thinks financial repression and NIRP is forcing people looking for income into stocks and that’s preventing stocks from crashing. Jim Doesn’t expect the stock market to crash in the next 6-12 months unless something major happens.
Jason and Jim also discuss how government is making many problems worse in society and the economy, especially his home state of California.
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