Is Gold the Target of a Federal Conspiracy?

March 18, 2014

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1 min read

Benjamin pontificates on existing gold market theories, such as the price of gold being artificially held down to prevent it from becoming a currency. He also discusses the theory that all gold that has been mined is being actively traded one way or the other. If you subscribe to the first theory, it is time to buy, and if you subscribe to the second theory, you are probably neutral on gold. Benjamin also points out that gold can no longer back the monetary supply, in part because there is simply not enough yellow metal in the world to adequately support today’s economy. Noting that he is neutral on gold, Benjamin hopes for the sake of the gold bugs that their conspiracy theories bear out. For everyone else’s sake, he hopes they are wrong, due to the frightening consequences that would surely result from the reinstatement of the gold standard in current conditions.

Benjamin Cox

Managing Director of Oreninc Prior to founding Oreninc, Mr. Cox served as a senior analyst at the D.E. Shaw Group and as a consultant with the GLG Group, where he worked directly with 15 Wall Street teams in the mining deal space. Currently, he holds the position of Chief Executive Officer of Roche Bay plc, an iron ore mining company with leases in Nunavut, Canada. Mr. Cox is also the Chief Executive Officer and a Director of Aston Bay Holdings Ltd. (TSX-V:BAY), a copper and zinc company with properties in Nunavut, Canada. Mr. Cox has researched and developed business, financial, and shipping models for every major global iron ore project. He is also an expert on mining industry market dynamics and metals, with a focus on raw materials including base metals, iron ore, platinum group metals, and industrial materials such as potash and lithium. Mr. Cox holds a B.S. from Brandeis University and an M.B.A. in Finance from Portland State University.

Is Gold the Target of a Federal Conspiracy?

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