Podcasts

Ian Gordon: the Kondratieff winter continues

Episode 97: GoldMoney’s Dominic Frisby talks to Ian Gordon, President of Longwave Analytics. They discuss how the current Kondratieff winter could play out with regards to stocks, gold and paper money.

Gordon states that we are still in a “Kondratieff winter”, as central bank money printing is delaying the clearance of the enormous debt accumulated over the three former Kondratieff seasons. He argues that natural market forces will overpower central bank interference, and warns of a significant downside risk for stocks.

He also believes that a return to “natural” (i.e., gold and silver) money is inevitable, and mentions the possibility of China moving towards a gold backed currency. They discuss how gold and general equities are moving in opposite directions. This can best be seen in the Dow/gold ratio, which moves from low to high numbers as paper assets are desired and from high to low numbers as people seek a safe haven during a long-wave winter. His target for the current cycle is for less than one ounce of gold to buy one unit of the Dow.

This podcast was recorded on 6 February 2013.