Who is he: Jay Taylor is editor of "J Taylor's Gold, Energy & Tech Stocks" newsletter. A native of Ohio, he has resided in New York since 1973 when he began working there for Barclays Bank International. His interest in the role gold has played in US monetary history led him to research gold and into analyzing and investing in junior gold shares.
Jay Taylor believes that gold, and sometimes silver, has always been chosen as money when those choices were available. Markets have first chosen gold as money because it is superior to every other form of money known to man. Taylor states, "Politicians hate gold and love paper money because a paper money system allows them to 'print' money and use it to buy votes. Bankers prefer paper as money because, being allied with the politicians, they are licensed to create their inventory for making loans out of thin air!"
Taylor continues, "Paper money is a license for bankers and politicians to rob the public through the fires of inflation and that is exactly what has been going on at an accelerated rate of speed, especially since Richard Nixon severed monetary ties to gold in 1971. As a result, the money supply has exploded and paper money has lost most of its value over the years. Meanwhile, gold continues to buy roughly the same amount of goods and services as it bought during biblical times."
Gold is the ultimate store of value and now with the Federal Reserve's printing presses printing out trillions of dollars of bailout money, gold figures to be the primary store of wealth and value in the years to come. Gold is a most essential portfolio item to hold if one is to retain wealth. And because governments and banks show no signs that their addiction to paper money is about to abate, Taylor has become a permanent gold bull.
Background: In 1981 Jay Taylor began publishing "North American Gold Mining Stocks," which preceded his current newsletter. Taylor's continuing interest in gold mining prompted him to study geology at Hunter College in New York City, supplementing his MBA in Finance & Investments from Baruch College, NYC.
Throughout his career Mr. Taylor worked as a commercial, then as an investment banker. Most recently, Taylor worked in the mining and metals group of ING Barings in New York. Prior to that Taylor was involved in the first gold loan made in modern times in the US, to Amax Minerals, a 250,000 oz. loan facility led by Citicorp.
In 1997 Jay Taylor retired from ING Barings to devote his full attention to researching mining and technology stocks, writing his newsletter and assisting companies in raising venture capital. In March of 2009, Taylor began hosting the popular web radio show titled "Turning Hard Times into Good Times," which features high profile guests who discuss leading economic issues of our day. Taylor's show also discusses investment opportunities primarily in the precious metals mining sector and is by far the most popular show on the VoiceAmerica Business Network with just under 100,000 monthly listeners.
|02/20/11||Jay Taylor on Inflation Vs. Deflation, the Possibility of a Gold Standard and Why the West Is Failing|
|06/10/09||Jay Taylor on Deflation, Inflation and Why This Crisis Could End in Hyperinflation|