Ex-ScotiaBank Director Remains Outspoken on Gold

Thursday, October 25, 2018
By Paul Martin

October 25, 2018

A rather outspoken investment portfolio manager, Jaime Carrasco, has been making recent media rounds suggesting listeners consider prudent bullion allocations today.

A former ScotiaBank Director, Jaime continues to say things publicly that the established multinational commercial bank may not approve.

Born in Chile in the 1960s, Jaime stared his life in a country transitioning through a deepening economic and political crisis.

So severe and dire where his home country’s changes, he and his immediate family immigrated to Canada a year after the (US involved) military coup by Agusto Pinochet in 1973.

While military dictator Pinochet imposed a highly disputed reign of terror throughout Chile, his other reforms included an overhaul of Chile’s debt based economic system. Many contest these many economic reforms since, allowed Chile to become one of the best performing economies in the world and certainly the most stable one in Latin America.

Interview topics discussed:

Rising US Interest Rates & his ongoing Deutsche Bank concerns
COMEX gold silver price discovery ‘facade’ via outsized derivative trading
Why he remains bullish on precious metals as insurance
Rising US rates applying pressure in various financial markets
Why his ex-employer ScotiaBank, at the 15:40 mark banned his Business News Network (BNN) interviews
China just the latest ‘common foe’ of populism
Suggestion of having 20% of one’s liquid wealth in precious metals
Insider stock selling and stock buybacks vs misguided retail stock investors
2008 vs 2018 and a potential proper monetary reset
For gold, the price rebound is likely headed to $2,000 oz USD and beyond
Hold some physical cash at home in case of emergency

The Rest…HERE

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