Interview With Dines

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Wade Hampton III
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Interview With Dines

Post by Wade Hampton III » Sun Jan 15, 2017 10:08 pm

This interview was conducted on 12/12/2016.

Gerardo Del Real: I have a real treat for you today. Joining me today is
the legendary Mr. James Dines. Mr. Dines is the editor of The Dines Letter.
He's also authored several books including "Goldbug!" (Get a free copy here!),
Technical Analysis, Secrets of High States, and Mass Psychology. Mr. Dines
has a legendary record in the investment community. His contrarian approach
to investment analysis has led Mr. Dines to accurately forecast trends for
over six decades, from the invisible crash that would bring down stocks in
1966, the unexpected gold boom of 1974, to the internet revolution of 1996,
Mr. Dines has consistently gone against the grain and delivered gains that
have been passed down for generations. Now Mr. Dines is “The Original Goldbug",
of course he's the original "The Silver Bug", one of the original founders
of technical analysis. He also predicted the internet boom, the uranium boom,
the rare earth crisis, and as the original "Pot Bug" he recognized the profit
potential at it's earliest stages. Mr. Dines most recently called the bottom
in gold and silver stocks. Mr. Dines, it's a real pleasure, thank you so much
for your time today.

Mr. James Dines: Oh, I'm looking forward to it.

Gerardo Del Real: Now, I briefly recited a few of your better known
accomplishments and I only recited a few because I could go on for a while.
I really believe we are in a unique time in history for hard assets and as I
mentioned, you recently called the bottom in gold and silver stocks and I'd
like to get your take on precious metals and the potential for a powerful
and sustainable bull run. Before that, I'd like to start by asking you about
a topic that I know you're passionate about which is your career long struggle
to reinstate a link between gold and paper money. Why is that so important
to you?

Mr. James Dines: Well, many people want to change the world for the better –
to give back – but I wanted to contribute the biggest possible change I could.
I immediately perceived that severing the link between gold and paper money
would lead to inflations, depressions, and uncontrollable debt. And that's
always resulted in a calamity. You can see Venezuela's currency crashing toward
oblivion, ruining many of the helpless and nonchalant. It's only those who own
the biggest asset in the world – gold – who are surviving. Venezuela's crashing
despite the largest oil reserves in the world, so a currency crash really trumps
all other considerations in understanding the future. I'm driven to warn the
rest of the world that there is a debt crisis because it is un-payable. At $20
trillion there's no way it can be re-payed. This has happened before in history,
often, and it's always ended the same way. Knowledge of currency is crucial to
survival and also having some preparation for it happening, because it always
happens suddenly. I feel sorry for the people in Venezuela, Zimbabwe, anywhere
there's a currency crisis. Currencies are crucial, there's nothing immutable
about them.

Gerardo Del Real: Now, you mentioned Venezuela, the most recent example, what's
happening there's absolutely catastrophic and it underscores, I believe, the
importance of your point. I see why that's so important to you. Now you've
stated publicly that the next wave ahead in gold will take prices much higher.
How high do you see gold prices going? How long do you see the bull market
running and where are we in that process?

Mr. James Dines: Well, when they severed the price of gold from paper, I started
The Dines Letter because I had to work to try to forestall it. It was at $35 an
ounce and I foresaw a great gold and silver boom in at least three phases. The
first one took gold up to $850, the second $1,800 approximately, and my next
targets are $3,000 to $5,000 an ounce. That depends on the folly of the worlds
leaders but the end will be tragic. Please understand that gold is not rising,
the value of our paper money is shrinking by oversupply – supply and demand.
Government banks are not only printing too much money, they're bragging about
it, they're proud of it. They're competing with other government banks. There's
a cycle in currencies, they move up and then they move down to correct the
excesses.
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She Comes Like Beauty In The Night
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