Harry Schultz on the Power Elite, Free Markets, the Internet and Why Gold Is Going Much Higher
with Scott Smith
Introduction: Chevalier Harry D. Schultz, KHC, KM, KCPR, KCSA, KCSS, has written scores of books and is considered a founder of the investment newsletter business. Based in Monaco, and now in his 80s, he has been producing his newsletter, The International Harry Schultz Letter (HSL), for over 45 years. During his 65 years of publishing, Harry has lived in 17 different countries and published his work in many of them. He is truly an international man whose shoulders have rubbed with some of the top political, business and social figures of our time. He prides himself of being stridently anti-communist and anti-socialist. According to the international edition of the Guinness Book of World Records from 1981-2003, Harry Schultz was the highest paid investment consultant in the world fetching anywhere from US$3500 to US$4500 dollars per hour. Mr. Schultz is quoted – even emulated – on a regular basis in various financial books, articles and in interviews including other newsletters. The book, ‘Moneychangers’ by Lewis Dorsey is based upon Harry Schultz. Knighted five times, Harry is a man for all seasons and a true citizen of the world.
Daily Bell: This interview will review material that you’ve gone over in your books, but we hope you will answer the questions nonetheless as some in our audience are not aware of your works or point of view. A good place to begin would be to ask how did you get interested in finance in the first place?
Harry Schultz: I have a love affair with cause-and-effect. The financial world is probably the nearest you can come to discovering the answers to both cause-and-effect. And that leads on to how to benefit from that knowledge.
Daily Bell: When did you adopt a free-market orientation?
Harry Schultz: From my earliest ages, I produced a newspaper, via typewriter, then mimeograph, for my mother, then the neighborhood, then the family, then the school & college. I then bought real newspapers, of small size of course, but the principles were nearly the same as for big ones. Running newspapers brings you into close contact with all elements of society.
Daily Bell: Did you discover Austrian finance or come to conclusions on your own?