| Jim Puplava | |
|---|---|
| Born | James Joseph Puplava |
| Residence | San Diego, California |
| Nationality | United States of America |
| Alma mater | Arizona State University |
| Occupation | Stock broker, investment adviser, broadcaster, author. |
| Employer | Puplava Financial Services |
| Website | |
| FinancialSense.com Puplava.com |
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James Joseph "Jim" Puplava, born 1950 (age 61–62),[1] is an investment analyst and Internet radio show host born in Gary, Indiana.[2] He is the founder, president & CEO of the Puplava Financial Services (PFS) Inc. group, and Puplava Securities Inc.. He is also chief author and host for the Financial Sense Newshour. His companies manage $375 million for more than 800 clients (as of December 31, 2007).[3] Puplava's website at financialsense.com was named a "supersite for alternative investing" by The Globe and Mail, Canada's largest-circulation national newspaper.[4]
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Puplava was raised in Arizona by Czechoslovakian immigrant parents.[5] He grew up in a family of 10 children. His mother didn’t work, his father was a cabinet maker who also accumulated a portfolio of real estate.[2]
Puplava graduated cum laude in History and Economics from Arizona State University. He then went on to graduate summa cum laude with a Master's Degree in Finance and Accounting from the American Graduate School of International Management (Thunderbird).
Puplava is a Certified Financial Planner; Series 7 and Series 24 with the Financial Industry Regulatory Authority (FINRA);[6] and Life, Disability and Variable Insurance licenses. Puplava has been president of Puplava Financial Services, Inc. (PFS) since 1985. For twelve years, he held a position as Branch Manager for LPL Financial Services, LLC. In 1996, he incorporated the broker/dealer firm, Puplava Securities, Inc. (PSI) and is its president.[7]
He has worked as a financial writer to various publications and acted as a TV business editor.[7] In 1988, Puplava began hosting Financial Sense Talk radio on various radio stations in San Diego. He also oversees the portfolio management team at Puplava Financial Services and Puplava Securities.[7] He gives weekly broadcasts and writes commentary for Financial Sense Online.[8]
Today's current market price of energy does not reflect reality. There are only three things that need to be understood. 1) Oil is a political commodity. The bulk of the world's oil lies in very unstable regions of the world subject political upheaval, war and terrorism. 2) There are no large sources of oil or natural gas outside the Middle East, the Caspian and the South China Seas. There are no large stockpiles of inventory to be sold. All oil being produced is being consumed. It is not piling up in warehouses around the globe. 3) Finally, we are not replacing the oil and natural gas that we consume. Oil and gas are depleting assets. It is that simple. As an investor and consumer, what does that tell you about its future price?
Puplava is known as a permabear and peak oil proponent who foresees a hyperinflationary depression for America before 2015. According to a study that compared his predictions against the performance of the S&P 500 Index over the following 5, 21, 63 and 254 trading days, his market forecasting accuracy during the period 13 February 2002 to 20 October 2005 was 41%.[10] Puplava is a known advocate of precious metals investing (especially silver and gold) as an inflation hedge. He has said that the prices of precious metals are manipulated in order to keep them in check.[11] Puplava argued for holding physical metal and not relying solely on mining stocks because while prices trend together, there is some divergence. "When the price of the metal goes up, the mining stocks can go up two or three times faster," Puplava told the Wall Street Journal.[12] Puplava's warnings about coming hyperinflation are frequently quoted by the Mogambo Guru.[13]
Puplava and the producer of his Financial Sense Newshour webcast, John Loeffler,[14] are both global warming sceptics who believe that the concept is being pushed by governments in order to promote higher taxation and greater governmental controls of our lives (see global warming conspiracy theory). Puplava believes the planet is cooling, not warming.[15] He often interviews historian and business consultant[16] Evelyn Browning Garris, who thinks that the current global warming is part of a cycle and is much like the medieval warm period.[17] Puplava, who is heavily invested in oil and oil-related instruments, has also given sympathetic hearings to Bjørn Lomborg and Ian Plimer, both global warming skeptics. He and Loeffler frequently mention that global warming stopped in 1998, a claim regarded as one of the common global warming myths by climate scientists.[18]
Puplava is an expert on the theory of peak oil and its consequences for the financial landscape, and was a speaker at the ASPO conference in 2008.[19] He has interviewed several peak oil proponents on his radio program, including Richard Heinberg,[20] Matt Simmons,[21] Jim Kunstler,[22] Robert L. Hirsch and Oxford University's Oliver Inderwildi.[23]
In 1991, Puplava was hired to anchor the nightly segment Business Today for KUSI TV.[24] He appeared on ABC News's Nightline program on November 8, 2007, in a segment called "Sign of the Times" with John Donovan.
All three of Jim's sons work with him in a professional capacity. His oldest son, Ryan Puplava, is the technical analyst for Puplava Financial Services, the senior trading manager for Puplava Securities, and a contributing writer to Financial Sense online; his second-oldest son, Chris Puplava, is a financial analyst for Puplava Financial Services and a contributing writer to Financial Sense online;[25] and his youngest son Adam became webmaster of Financial Sense online when his wife Mary retired in 2007.[14] Jim, together with nine other staff members—including his three sons—run the three PFS Group companies: Puplava Financial Services, Puplava Securities, and Financial Sense.[25]
Kimber Resources is a Canadian-based company listed on the Toronto Stock Exchange and the American Stock Exchange and is engaged in the development and exploration of mineral properties in Mexico, of which the most advanced project is the Monterde gold/silver property.[26] Puplava was elected to Kimber's Board of Directors in May, 2004. In September 2006, a press release issued by Kimber Resources reported a disagreement. Puplava, by then a director and significant shareholder, stated his intention to start a proxy battle with the objective of replacing a majority of the Board of Directors and current management.[26]
Puplava and his wife Mary, who also acted as his office manager and webmaster from 1990 to 2007,[14] live in Poway, near San Diego, California,[27] near their three sons.[28] Puplava is a history buff, an avid reader and loves sailing his J/124 sloop, Jimmy-J in the San Diego Bay.[25]
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