+49 30 6521 24928 (GER / ENG) support@bar9.com

Gold Bug Profile: Judy Shelton

JP Buntinx
April 18, 2020

Gold bugs are often described as people who have either made money by investing in gold, or still actively do so today. In the case of Judy Shelton, there are a few other reasons as to why she fits this category. 

Judy Shelton and the Gold Standard

When looking for information pertaining to Judy Shelton, several tidbits will come up quickly. First of all, she is an economic advisor to President Donald Trump. Secondly, she criticized the Federal Reserve over the years, but more on that lately. What is perhaps more interesting is how she advocates for reinstating the gold standard.

Given all of the financial turmoil taking place globally, bringing back the gold standard would make a lot of sense. It is a decision that most central banks – particularly the Federal Reserve – will continue to oppose, however. A gold standard puts an end to quantitative easing and helicopter money immediately. 

Judy Shelton is also involved in TheGoldStandardNow.Org team as a senior advisor. She took up that role in 2012, albeit the domain now redirects to a completely different website pertaining to Economics, Monetary Reform, and so forth. 

Judy Shelton the Critic

It is rather uncommon for individuals with political ambitions to openly criticize the Federal Reserve. Shelton is a very welcome exception in this regard. For many years now, she has been a critic of the Fed and its monetary policy .

Back in 2011, she even wondered if the Fed is not a rogue agency. Given the bank’s oversight of the US Dollar, one has to wonder how much power this agency really wields today. Perhaps it is time to change that aspect in the near future, albeit for nor now, that will be the case.

Shelton even advocated for a 0% inflation target, which is very different from what the Federal Reserve aims to maintain. In her opinion, there is also no real need for  a central bank, especially if that institution operates independently of the White House. 

When it comes to interest rates, Judy Shelton has made her voice heard over the years. During the Trump presidency, she advocated for much lower interest rates well before the central bank even began considering such an option. That sentiment was echoed by president Trump himself, who often criticized the Fed for not doing so more swiftly. 

It is interesting to note that Judy Shelton may join the Federal Reserve Board of Governors in the near future. Assuming that will be the case, some very interesting things are bound to happen in the near future.

Judy Shelton the Hopeful

Regardless of one’s preference or political ambition, advocating an overhaul of the global monetary system is always worthwhile. The current system has been broken beyond repair, and a new solution needs to be found sooner rather than later.

For Judy Shelton, that future will involve a new Bretton Woods-style conference to bring back the gold standard. Such a measure can only happen if everyone agrees on doing so, yet achieving consensus will be very challenging. 

In Shelton’s opinion, the world needs a highly integrated financial system with a global common currency. Given the appeal and status gold and other precious metals provide, they would certainly be a good fit. 

Another project she aims to explore is the adoption of a universal gold reserve bank. That is another jab at the Federal Reserve and other central banks all over the world. By creating a universal reserve bank, the financial system would be overhauled entirely.  A hopeful prospect, albeit one that may not be achievable anytime soon. 

Easily open your Swiss tax free gold vault in under 6 minutes

It’s Free to open a Swiss vaulting account, you can buy and sell gold directly to it instantly.

0 Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Bank of England Interest Rate cut Highlights the Need for an Active Investment Portfolio

Now is a great time to begin investing in assets that can withstand major financial uncertainty, such as gold and other metals.

Silver and Gold Prices Move up Strongly as More Mining Operations Shut Down

The McEwen Mining group operates multiple mines all over the world. One of their biggest ventures is located in San Jose, Argentina. The local Black Fox mine is now suspending operations due to the coronavirus crisis.

How to Immunize Your Investment Portfolio Against Coronavirus

A butterfly flapping its wings in Brazil can cause a tornado on the plains of West Texas, says the butterfly effect. And in today's global economy, a man eating a bat in China can end up eroding the retirement savings of millions of people around the world. A...

Different ways to invest in and buy gold online

Gold as jewellery is not only stunning but additionally works as a way of linking financial emergencies. This has actually been away for family members around the globe to have a bank independent savings account. As we understand jewellery is not pure gold and has a...

Fortuna Silver Mines Notes Steep Silver and Gold Production Decrease in Q1 2020

More specifically, the production of both lead and zinc has increased by 8% and 5% respectively. This is a somewhat unexpected “bonus” for this mining operation.

Gold Bug Profile: Doug Casey

The name Doug Casey will ring a bell with financial buffs due to his 1979 book. Titled “Crisis Investing”, it quickly rose the ranks to become the number one The New York Times Non-Fiction Best Seller in 1980.

Gold Bug Profile: Crispin Odey

Over the years, the name Crispin Odey was often named in association with gold and other precious metals. Particularly during the coronavirus crisis, Odey expected the value of gold to move up again.

Gold Bug Profile: Bob Kirtley

Kirtley is renowned for maintaining an approach focused on planning and cost control. That expertise eventually translated to his investment strategies as well.

The Many Use Cases for Silver Part I: Electronics, Energy, Soldering, Chemicals, Photography

Unlike gold and most other precious metals, silver has plenty of industrial use cases. More importantly, these use cases are quite varied. It is thanks tot his aspect that demand for silver hasn’t diminished all that much due to COVID-19.

Silver Bug Profile: Stewart Thomson

Many people keep an eye on the precious metals markets, as those segments have tremendous profit potential. Stewart Thomson can be classified as a silver bug, primarily because he expects things to head in a very promising direction.  Who is Stewart Thomson?...

Gold Bug Profile: Judy Shelton

It is interesting to note that Judy Shelton may join the Federal Reserve Board of Governors in the near future. Assuming that will be the case, some very interesting things are bound to happen in the near future.

Gold Bug Profile: Eric Hommelberg

In the Dutch community, Hommelberg made a name for himself by highlighting several junior gold mines as possible investment options. Those who followed his advance often made a lot of good money in the process

The Silent Thief: How to Protect Savings from Inflation

How can you protect your savings from inflation? Horror stories of the prices of bread and milk spinning out of control have fixed the concept of inflation firmly in the public imagination. These hark back to the worst cases, like in the Weimar Republic where shoppers...

Silver Bug Profile: Peter Leeds

Similar to his opinion on gold, Leeds is very hopeful when it comes to silver. In fact, he considers it to be the top investment for 2020 and possibly beyond,

Silver Bug Profile: Keith Neumeyer

Keith indicated that there would be a new bull market for all precious metals in the next few years. So far, 2020 has proven that sentiment correct, although $130 remains a lofty silver price target.

Gold Bug Profile: Richard Russell

Back in 1960, Russell was the first to recommend gold stocks as an investment option, an assessment that has certainly put a bigger spotlight on that particular industry.

Silver Bug Profile: Juerg Kiener

These days, Kiener is primarily involved in management resources mandates for SAC, with a strong focus on institutional clients and wealthy individuals.

Why is Silver so Cheap?

One often heard comment is how gold is the scarcest precious metal of them all. Silver, unfortunately, doesn’t have the same benefit, as it is far less rare.

Gold Bug Profile: Eric Sprott

It is also worth noting that Eric Sprott sold his first company – known as Sprott Securities – back in 2011. Interestingly enough, the company was purchased by other staff members.

Silver Bug Profile: Alisdair Macleod

In the modern era, Macleod is best known for educating the masses on how governments handle money and the potential consequences.

Translate Blog Post

Article Categories

Blog Stats

  • 66,890 hits

Follow the CEO on Twitter

%d bloggers like this: