The Three Pillars of the Gold Bull Market
Editor, J. Taylor's Gold & Technology Stocks
February 14, 2004
Jay Taylor was born on March 25, 1947 in Canton, Ohio to Mennonite parents. He has been married for 25 years and has an eighteen year old son. After graduating from High School in 1965, he entered college at Hesston Kansas where he majored in Education and played varsity baseball and soccer. Following the teachings of the Mennonite church, Jay met his draft obligations by serving in the psychiatric unit at Morristown Memorial Hospital, Morristown New Jersey from 1967 through 1969. From 1969 to 1971, Jay continued to work at Morristown Memorial Hospital while earning a B.A. in Theoretical Economics from Rutgers University in Newark, N.J.
During 1973 Jay crossed the Hudson River to reside in Manhattan where he began working for Barclays Bank International. He also entered graduate school in quest of an M.B.A. from Baruch College. In 1978 he completed his M.B.A. thesis on the Effect of Now Accounts on Commercial Bank Portfolios. A Markowitz Portfolio Diversification model was used in the analysis.
As a result of an American History course taken several years earlier at Hesston College, Jay became interested in the role gold has played in U.S. monetary history. He believed then and still does that when nations debase their currencies, it is a reflection of moral weakness and a lack of resolve on the part of society to deal with the realities bestowed upon humankind by God, the Creator. As Jay followed the demolition of the U.S. gold standard and the rapid rise in the national debt, he began to take an even stronger interest in U.S. monetary and fiscal policy, especially as it related to gold. As a result of this interest and awareness he began to invest in junior gold shares toward the end of the 1970's. In 1981 he began publishing North American Gold Mining Stocks, which preceded J. Taylor's Gold & Gold Stocks and J. Taylor's Gold Resource & Environmental Stocks, and currently J. Taylor's Gold & Technology Stocks.
As Jay began to research the potential of junior mining stocks, he recognized the need to improve his understanding of geology. During the years 1985-88 Jay completed most requisite course work for a B.A. degree in geology from Hunter College in New York. Until August 1997 when he resigned from the mining and metals department in the New York office of ING - Bearings, he continued to work full time as a banker while researching and writing about mining companies on a part-time basis. On August 15, 1997, Jay resigned from ING-Barings to devote full time to his newsletter.