About Erik Townsend

hedge fund manager Erik Townsend

Erik Townsend is a retired software entrepreneur turned hedge fund manager. Throughout his career, Erik has capitalized on his ability to understand complex systems and anticipate paradigm shifts far in advance of the mainstream. Read More...

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Rickards Ani Standing cropped ColorErik Townsend welcomes Jim Rickards to MacroVoices. Erik and Jim discuss:

  • Gold as a currency, rather than an investment, because "earning yield requires taking risk"

  • The USD rally and the Fed’s influence on its ability to continue

  • The difference between a central bank’s ability to cure inflation, vs. curing deflation

  • The possibilities of confiscation, taxation, and NIRP and their effects on the relative attractiveness of Gold

  • The Fed first tightening into weakness, and now turning more dovish after a market correction in early 2016

  • The reasons why governments can’t tolerate inflation

  • Gold as a potential hedge against deflation, as well as inflation

  • How QE actually functions, and why we’ve seen so little effect on the real economy

  • What the next form of stimulus may look like, and how it may affect the outlook on Gold

  • The necessity for structural solutions, not monetary solutions, to structural problems

  • What an increase in institutional holdings of Gold would mean for price, and plenty more...

Get embed code for this episode. | For other embed code options click here | audio Download the MP3 File (32.73 MB) .

Jim Rickards is the Editor of Strategic Intelligence, a financial newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. He is the author of The New Case for Gold (April 2016), and two New York Times best sellers, The Death of Money (2014), and Currency Wars (2011) from Penguin Random House. He is a portfolio manager, lawyer, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates.

MACRO VOICES is presented for informational and entertainment purposes only. The information presented in MACRO VOICES should NOT be construed as investment advice. Always consult a licensed investment professional before making important investment decisions. The opinions expressed on MACRO VOICES are those of the participants. MACRO VOICES, its producers, and hosts Erik Townsend and Nathan Egger shall NOT be liable for losses resulting from investment decisions based on information or viewpoints presented on MACRO VOICES.

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