GSR Nugget Archive

Sponsor: President, Peter Spina:

Host Chris Waltzek

• Bob Hoye, editor and Chief investment strategist of Institutional Advisors brings decades of experience to the discussion.
• The new Administration is attempting to rebuild nation in the wake of the destructive NAFTA that decimated the job base.
• By taxing companies that ship jobs offshore, the American worker could recover after losing over 5 million high-paying industrial jobs since 2000.
• A global populist uprising is underway beginning with the Grexit / Brexit and culminating with Italexit, the Italian referendum vote on Sunday.
• Italy is poised to follow Great Britain out of the EU.
• Leaders in Turkey are calling for citizens to accumulate gold and prepare for capital controls, adding to continued concerns about a global currency crisis.
• The global population is no longer fearful of the their government; government is justifiable wary of the people, which is necessary for personal freedom.
• The reigns of the national money supply are now up for grabs presenting an opportunity to reestablish a constitutionally sound gold / silver backed dollar.

• John Embry, Senior Strategist of Sprott Asset Management comments on the purported 8,000 tons of paper gold dropped on the market.
• 8,000 metric tons (2204 lbs.), 17.6 million lbs., 282 million ounces, were unleashed on the PMs sector, equivalent to a Tsunami of selling pressure.
• The institutions and big players are clearing their short positions in anticipation of an explosive move to the upside in gold / silver.
• New economic policies to revamp the domestic infrastructure could balloon the already bloated US national debt / deficits resulting in runaway prices.
• India may be the trial-run / a petri dish for a global cashless society; the new Treasury secretary is a former Wall Street insider.
• Global citizens are advised to insist policymakers embrace a dual cash / digital system, as 100% transparency also eliminates freedom.
• Given the 46 years since the gold window was shut, salvaging the domestic / global economy may be beyond the means of policymakers.

• Peter Schiff, Chairman of SchiffGold.com discusses the Fed's reaction to the threat of higher inflation.
• With a quarter point rate hike expected in Dec and possibly 2 more in 2017, policymakers are concerned that prices are moving up to quickly.
• Inflation is typically a positive for the PMs markets, e.g., the 1970's inflation / PMs rally.
• Real interest rates will remain negative, constraining the US dollar and encouraging gold / silver purchases.
• Bond bears are in control - the sector could crater much further, requiring sizable QE activity by the Fed to contain the toxic debt.
• Dollar bulls may find themselves trapped, as officials are forced to ramp up QE and lower interest rates.
• If bonds continue to decline, the cost of financing stock buyback related debt will soar, reducing demand for US shares and lowering equities prices.
• The liberated funds will fuel the uptrend in the $CRB commodities index despite the dollar breakout, suggesting that PMs could soon find a price floor.
• Additional blowback from higher rates includes the potential for a 20%+ housing price decline, as homedebtors struggle to make payments.
• Until the forward looking housing starts index declines abruptly, the uptrend will remain intact.
• The election shock reaction in the PMs shares may be overdone presenting opportunities in the Euro Pacific Gold fund, EPGFX.

• Respected rogue economist, John Williams of Shadowstats.com says the Great Recession of 2008-2009 is still underway, contrary to the mainline media.
• Although the official national unemployment rate is steady at under 5%, the true unemployment rate is at least 4 times as high at 23%.
• The slight of hand requires an epic cover-up on a grand scale.
• John Williams outlines how the PTB accomplished the feat and the economic implications.
• Discouraged workers are no longer counted due to changes in the unemployment calculations making the economy in worse shape than reported.
• When the true inflation rate is used to deflate GDP numbers, the US has been in an unofficial recession for 16 consecutive years.
• Free trade has positive theoretical economic benefits, but deleterious ramifications for many high quality domestic jobs.
• Ultimately the economic fallout will impact the Greenback, which will collapse sending the yellow metal to at least $10,000 and perhaps many fold higher.
• Case in point, in Venezuela recent reports show that a silver coin suddenly buys $250 worth of groceries.

• Bill Murphy of GATA.org rejoins the show with comments on the global currency issues.
• The Indian rupee is the next domino to drop as 86% of its paper money was withdrawn from circulation resulting in widespread economic chaos.
• Minister Narendra Modi enforced an anti-graft measure to ban high-value currency in Asia's third-largest economy.
• 90% of daily transactions involve paper currency, compared to merely 30% in the US.
• The once vibrant economy has ground to a halt, as truck drivers abandon vehicles en route, and ATMs are reportedly empty amid a currency shortage.
• The long-term implications for the gold / silver market may be profound, vindicating the national passion for sound money.
• Small denominated silver coins could fill the currency vacuum, as the typical citizen could be less inclined to trust paper currency for years to come.
• China's retail investors will soon have unfettered access to North American gold / silver mining shares.
• Our guest outlines how their knowledge about market manipulation and artificially sniffled price could put a price floor under the sector.
• Bill Murphy insists that the PMs sector reaction following the election outcome was classic PSYOP disinformation and a market-manipulation scandal.
• The PMs market could represent one of the best buying opportunities in years. Open interest in the PMs contracts has collapsed, presenting an intriguing contrarian opportunity.

• Karl Denninger, publisher of The Market Ticker, makes his show debut with dire financial warnings for the listening audience.
• Our guest cautioned readers of the impending 2008 crisis a year in advance; today US equities are more overvalued then at anytime since the year 2000.
• Given the impending rate hike at the upcoming Dec. FOMC meeting, the increased costs associated with borrowing could burst the bond market bubble. Cost-push inflation could threaten the highly leveraged global economy, where virtually every financial instrument, even reserve currencies are exposed.
• Three decades of complacency stemming from low bond yields could overturn the entire global financial arena.

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Free download of mp3 file: click here.

Highlights

• Dr. Stephen Leeb, best selling author and head of The Complete Investor returns to the show.
• Hugo Salinas Price says a global deflationary trend could spark a new round of QE by central bankers, worldwide, initiating the next gold rush.
• The remarkable 25% rally in base metals includes copper, zinc, aluminum, iron ore, etc, and has not yet capture the attention of the mainline punditry.
• China is emerging as the epicenter of an economic nuclear reaction - the miraculous growth represents an essential opportunity for non-BRICS nations.
• China leads the world in cryptocurrencies such as Bitcoin / Litecoin.
• Goldseek.com Radio's new SilverBit (a silver backed virtual coin) represents 1/10th of a silver coin - there are only 21,000 SilverBits.
• The SilverBit Mint can only increase supply following global increases in silver supply.
• Subscribers to the Alpha Stock Newsletter are eligible for a base number of coins and future bonus coins which remain active as long as the subscriber is active.
• The net impact of cryptocurrencies will include lessened reliance on traditional money and greater affinity for gold and silver.

Summary

• Jeffrey Nichols, Senior economist of Rosland Capital returns with positive comments on safe haven investments following the US Presidential election.
• Donald Trump stunned the establishment / elite by securing his position as the 45th President of the United States, winning the electoral vote.
• Populist / protectionist movements are gaining momentum, i.e., Grexit, Brexit and the US election.
• The resulting uncertainty is likely to boost demand for financial security, via gold / silver.
• According to one media report, hyperinflation is ravaging Venezuela, where a carton of eggs can cost $150 due to the plunging Bolivar.
• Our guest insists that the PMs are the perfect panacea to shield Goldseek.com Radio listeners from such currency exposure.
• Demand for gold from India and China will persist in the coming years, lowering supply substantially as the metal tends to be accumulated in Asia.
• With official unemployment at 4.9% nationally, an 8-year cycle low, some investors are anticipating a trend reversal and another recession.
• After the quarter point rate hike at the upcoming Dec. FOMC meeting, rates will likely stall and then decline as policymakers scramble to contain the fallout.
• The discussion includes Jim Rickards' gold forecast revision from $10,000 to $50,000 an ounce, based on the M2 money supply figure.
• Our guest suggests that every investor hold 5-10% of their portfolio in gold.

Jeffrey Nichols, Senior economist of Rosland Capital returns with positive comments on safe haven investments following the US Presidential election results. Donald Trump stunned the establishment / elite by securing his position as the 45th President of the United States, winning the electoral vote. Populist / protectionist movements are gaining momentum, i.e., Grexit, Brexit and the US election. The resulting uncertainty is likely to boost demand for financial security, via gold / silver. According to one media report, hyperinflation is ravaging Venezuela, where a carton of eggs can cost $150 due to the plunging Bolivar - our guest insists that the PMs are the perfect panacea to shield Goldseek.com Radio listeners from such currency exposure. Demand for gold from India and China will persist in the coming years, lowering supply substantially as the metal tends to be accumulated in Asia, i.e., in China restrictions forbid the export of most gold bullion. With official unemployment at 4.9% nationally, an 8-year cycle low some investors are anticipating a trend reversal and another recession, given the near 100 million working-aged Americans searching for work or who have simply given up the search. Therefore, after the quarter point rate hike at the upcoming Dec. FOMC meeting, rates will likely stall and then decline as policymakers scramble to contain the economic fallout. The discussion includes Jim Rickards' gold forecast revision from $10,000 to $50,000 an ounce, based on the M2 money supply figure. Our guest suggests that every investor hold 5-10% of their portfolio in gold.

Harry S. Dent Jr. & Chris Waltzek - November 3, 2016.

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Mp3 format.

Highlights

• Economist and best-selling author Harry S. Dent Jr., outlines his new FREE book, Sale of A Lifetime, that requires only shipping costs.
• Our guest questions the soundness of the global economy, citing Brexit, the DB scandal, etc.
• Unlike the 2008 credit crisis / Great Recession, due to unfavorable demographics, and an aging population the developed world will suffer.
• Key investment nations include India and South East Asia, could emerge as the de facto economic powerhouses.
• India spends 60% of per capital income on commodities, 40% in China and only 6% in the US.
• Real estate and the stock / bond indexes could depreciate substantially, requiring asset protection to protect portfolio value.
• Financial bubbles do not correct, they burst - losses from 50%-90%+ are typical.
• The most affluent family in China has been selling considerable domestic real estate in anticipation of bargain hunting after the "housing bubble" bursts.
• A once-in-a-lifetime global catastrophe similar to the Great Depression is possible, triggering a great deflation.
• The housing sector may be in a bubble - Harry S. Dent Jr. suggests that current home values could plunge back to year 2000 levels.
• The Dow Jones might decline by approximately 75%, from 18,000 to 3,800.

Bill Murphy & Chris Waltzek - Oct. 27, 2016.

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Highlights

• Bill Murphy of GATA.org rejoins the show while attending the 2016 new Orleans Investment Conference
• The 2016 PMs rally is one of the most explosive in history; once the election passes, PMs equities will blast higher amid a new golden era.
• The FOMC rate hike cycle will end in Dec. 2016, perhaps even reversing course in 2017-2018 to stave off the threat of another credit crisis circa 2008.
• Our guest underscores the importance for every investor to prepare for Talebian, "Black Swan" events, similar to the Brexit.
• A similar event could open the flood gates into gold and silver investments.
• Bill Murphy proposes that the advance will stun even the most ardent gold bull.
• Case in point, during the explosive gold rally of 2010, silver broke out of the consolidation, culminating in a 3 fold increase from $16 to $49.
• Key takeaway point - the PMs appear to be extremely undervalued, implying an explosive move of "epic proportions" on the horizon.

Byron King & Chris Waltzek - Oct. 19, 2016.

David Morgan & Chris Waltzek - Oct. 13, 2016.

Peter Grandich & Chris Waltzek - Oct. 12, 2016.

Highlights

• The nascent precious metals bull market remains intact, according to Peter Grandich of Peter Grandich and Company.
• Although policymakers could hike rates to 0.75-1.00%, the affect will be minimal.
• The big economic wild card remains loose monetary policy, which includes negative interest rates, forcing investors to chase stock / bond market yield.
• Years of positive equities returns camouflages the risks to typical investors. 5 US money center banks account for nearly $250 trillion in derivatives.
• The enormous leverage could expose the US financial sector to another 2008-2009 like credit fiasco.
• The recent selloff appears to be the result of forced paper liquidation, which could ignite a launch to $1,400 gold before year-end.
• Unfortunately, a key impetus sending the sector higher could be societal fallout following the November elections in 2017.

Robert Kiyosaki & Chris Waltzek - Oct. 6, 2016.

Free Mp3 file.

Summary

• Robert Kiyoaski returns to the show, America's 'Rich Dad' predicted a major financial crash in 2016, which has been delayed by policymaker programs.
• Toxic debt purchases and negative interest rates are the most profound indication of economic stress.
• Pension plans that based future payouts on high rates, not zero or negative rates, could shortchange many pensioners.
• Robert Kiyosaki has stockpiled millions in the yellow metal as a hedge against runaway money printing schemes.
• To say our guest distrusts paper assets is an understatement, "Bonds are the riskiest asset today," gold and silver are his favorite alternatives.

he Rich Dad book series author also penned two books with Presidential candidate, Donald Trump:, Why We Want You to Be Rich and The Midas Touch meant to guide the middle and working classes to prosperity. The discussion includes comments from the former Fed Chairman, Alan Greenspan, who noted in a recent TV interview that the US could face martial law, in similar fashion as Venezuela, formerly the economic powerhouse of South America. The $700 million to $3 trillion spent to bailout the US financial system in 2008-2009 Credit Crisis was sufficient to payoff the mortgage debt of the 10 million US foreclosures with money left over - instead it was directed to the financial system, primarily to the benefit of shareholders / bondholders. Our guest refers to the system as a kleptocracy, which takes from the poor and gives to the wealthy, a reverse Robin Hood system. Robert Kiyosaki underscores how the "Magic of compound interest," no longer works, when rates are near or below zero.

Bob Hoye, Phone Line Q&A & Chris Waltzek - Oct. 5, 2016.

Highlights

• Bob Hoye, editor and Chief investment strategist of Institutional Advisors returns with a new Global Warning Alert.
• The bull market in the PMs remains intact - selling continues to offer enticing entry opportunities.
• Our guest scans the minutiae for hints of financial tipping points, such as the climbing LIBOR rate which is behaving similarly to 2008.
• Last week's FOMC meeting announcement and recent Fed Speak, suggests that rates will climb from .50% to 0.75% in December 2016 or February 2017.
• The discussion includes the DB share collapse - much of the blogosphere expects DB shares to continue the death spiral.
• Where there is one bad bank, there may be a slew of sick financial institutions, many of which have enormous toxic debt on their books.
• Policymakers and institutions fail to recognize that markets are chaotic systems, where crises develop suddenly, sparked by seemingly insignificant events.
• Caller John in San Diego who cites the similarities between a key bank failure of the Great Depression and the DB fiasco.

Listeners' Q&A - Chris Waltzek - (May 30, 2016.

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Mp3 format.

Highlights

• A new Q&A number for listener's questions and comments is now available 24/7, as listed at the top of this page.
• Alpha Stocks subscriber Jason asks for the prescribed portfolio risk management approach, points to page 22 in Wealth Building Strategies (Waltzek, 2010).
• Never risk more than 2% of portfolio value per security.
• The host proposes that limiting portfolio risk to 10% insures that the worst case for recovery is 11%, i.e., 11% gain returns the account to 100%.
• The modern investor's ultimate goal is wealth preservation, not capital accumulation. Once the former is mastered the later comes naturally.
• Ward from Kashima Japan, as well as Martin and several listeners request a free copy of the bio of Paul Erdos, The Man Who Loved Only Numbers.
• David and several listeners request a free copy of the story of Srinivasa Ramanujan, The Man Who Knew Infinity.
• Karl and several listeners request a free copy of An Imaginary Tale: The Story of the Square Root of Minus One (i = -1^1/2).
• The illuminating book demystifies complex numbers and their importance in electrical engineering, math, statistics, information technology and physics.
• Complex numbers typically take the form of the following expression: a + bi, where i is the square root of a negative whole number.
• Without complex numbers, the electronic age, internet revolution and the information / robotics ages would be impossible.
  

A new Q&A number for listener's questions and comments is now available 24/7, as listed at the top of this page. Alpha Stocks subscriber Jason asks for the prescribed portfolio risk management approach, points to page 22 in Wealth Building Strategies (Waltzek, 2010) which proposes never risking more than 2% of portfolio value per security. The host proposes that limiting portfolio risk to 10% insures that the worst case for recovery is 11%, i.e., 11% gain returns the account to 100%. Whereas a 50% loss requires a 100% gain to recover. The modern investor's ultimate goal is wealth preservation, not capital accumulation. Once the former is mastered the later comes naturally. Next, Ward from Kashima Japan, as well as Martin and several listeners request a free copy of the bio of Paul Erdos, The Man Who Loved Only Numbers. Next, David and several listeners request a free copy of the story of Srinivasa Ramanujan, The Man Who Knew Infinity, arguably the greatest intuitive mathematician of all time, comparable to Gauss, Euler, etc. Karl and several listeners request a free copy of An Imaginary Tale: The Story of the Square Root of Minus One (i = -1^1/2); an illuminating book that demystifies complex numbers and their importance in electrical engineering, pure mathematics, statistics, information technology and physics. Complex numbers are not complex, they simply include a real component, such as 1, 2, 3... and an imaginary component, i.e., the Square Root of Minus One, -1^1/2. For instance, complex numbers typically take the form of the following expression: a + bi, where i is the square root of a negative whole number. Without complex numbers, the electronic age, internet revolution and the information / robotics ages would be impossible.

Arch Crawford & Chris Waltzek - Sept. 28, 2016.* Free download of mp3 file, please: click here.

Highlights

• Arch Crawford, head of Crawford Perspectives showcases his investing methods that he's honed over forty years.

• Observation of market and astronomical anomalies indicates the potential of extreme volatility in 2017.

• Arch thinks the Fed does not have the remaining fire power to hold the US equities markets aloft forever.

• Gold remains one of Arch's favorite markets.

• The discussion includes the rumored "Metropolitan Plan" where US policymakers could implement negative interest rates (NIRP).

• According to the Metropolitan Plan article, gold could ascend to over $10,000 per ounce - several top insiders are preparing contingencies.

• Arch Crawford outlines support / resistance levels for the gold market - he's watching for a break above $1,400 gold as a bullish sign.

Arch Crawford, head of Crawford Perspectives showcases his investing methods that he's honed over forty years. Observation of market and astronomical anomalies indicates the potential of extreme volatility in 2017. Arch thinks the Fed does not have the remaining fire power to hold the US equities markets aloft forever. Gold remains one of Arch's favorite markets. The discussion includes the rumored "Metropolitan Plan" where US policymakers could implement negative interest rates (NIRP) following the footsteps of the PBoC (-3.7%), BOJ, ECB and Sweden. According to the Metropolitan Plan article, gold could ascend to over $10,000 per ounce - several top insiders are preparing contingencies:

John Paulson owns stakes in several gold-mining companies. David Einhorn is a huge gold bull, with more than $100 million invested in gold stocks. Paul Singer says it’s the only real money. Ray Dalio – founder of Bridgewater, the largest hedge fund in the world – says, “If you don’t own gold, you know neither history nor economics.

Arch Crawford outlines support / resistance levels for the gold market - he's watching for a break above $1,400 gold to indicate a resumption of the bull market, mirroring the thoughts of several recent guests.

Joseph Grosso - Golden Arrow Resources, Executive Chairman, CEO, & President & Chris Waltzek - Sept. 26, 2016.

Highlights

• Joseph Grosso - Golden Arrow Resources, Executive Chairman, CEO, & President returns with exciting news.
• Hailing from scenic Buenos Aires, the "Big Apple" of South America, President Grosso outlines the key differences between PMs exploration and production.
• One big discovery can require as many as 1,000 site visits - yet the tedious / time-consuming process can yield muy grande sized rewards.
• In 23 years of exploration, President Grosso cites 3 major discoveries, one in gold and two in silver.
• Through high quality "social license" and "economic feasibility" Golden Arrow Resources is head and shoulders above most competing PMs explorers.
• Recent drilling results indicate that the flag ship property, Chinchillas is a young and growing "elephant sized" opportunity with enormous potential.
• The partnership with major silver producer Silver Standard, represents a Herculean step forward for Golden Arrow within the next 6-8 months.
• President Grosso expects gold to perform well, but for silver to outshine the yellow metal: in 1980, the gold : silver ratio was 15 : 1.
• At approximately 70:1, investors today require seventy ounces of silver to purchase one ounce of gold, making silver an appealing alternative.

Gerald Celente & Chris Waltzek - Sept. 22, 2016.

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To download this show in Mp3 format: click here.

Highlights

• Head of the Trends Research Institute, Gerald Celente returns with comments on the recent bombings in NY and NJ.
• Once gold closes firmly above $1,400 per ounce, a new bull market will be underway, according to the Trends Research Institute.
• By sending interest rates to 46 year lows, policymakers temporarily halted an economic implosion, which resulted in a real estate bubble.
• Survival / Sur-thrival in the modern economy requires some novel thinking.
• The world is passing from the Industrial / Information age to a robotics era, which will eliminate millions of jobs.
• One key outcome will be an education overhaul, including interactive artificial intelligence-instructors and virtual classrooms.
• Robotics will usher in positive outcomes, including virtual vision and memory enhancement.

Head of the Trends Research Institute, Gerald Celente returns with comments on the recent bombings in NY and NJ. By sending interest rates to 46 year lows, policymakers temporarily halted an economic implosion, which resulted in a real estate bubble. Survival or Sur-thrival in the modern economy requires some novel thinking. For instance, the world is passing from the Industrial / Information age to a robotics era, which will eliminate millions of jobs. One key outcome will be an education overhaul, including interactive artificial intelligence-instructors and virtual classrooms. Robotics will usher in positive outcomes, including virtual vision and memory enhancement. Once gold closes firmly above $1,400 per ounce, a new bull market will be underway, according to the Trends Research Institute.

Nick Barisheff & Chris Waltzek - Sept. 21, 2016.

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Summary

• Nick Barisheff of Bullion Management Group (BMG) notes that most of the above ground silver stockpiles were sold before the year 2000.
• Only 20% of silver is the byproduct of pure silver mines, the remaining 80% is derived from base metal production, such as lead.
• The net result: 50% of silver demand is industrial in nature with unique nearly vertical asymptote-like demand / supply curves.
• No matter how costly silver becomes, industrial demand for items like solar panels and laptops / iPhones / Androids remains constant.
• Even if jewelry demand were to drop to near 0%, the remaining 50% industrial demand holds constant.
• When Ford Motors purchased $2 billion of palladium, the precious metal with similar industrial qualities leaped 10 fold (Figure 1.1).
• Until the 2011 gold zenith, the trend in US debt and the price of gold tended to walk in lock step, in near perfect correlation.
• If the relationship were to return, it would require a price of $3,000 gold to reflect today's debt levels
• Using Professor Lawrence Kotlikoff's $200 trillion debt figure, $30,000 gold.
• One day in the not so distant future, investors will notice gold is $2,000-$3,000 higher than the day before and it will be too late to procure discounted PMs.

Figure 1.1. Palladium Squeeze - Is Silver Next?

Note: Basic chart courtesy of infomines.com.

Jeffrey Nichols & Chris Waltzek - Sept. 15, 2016.

Summary

• Jeffrey Nichols, Senior economist of Rosland Capital returns with his latest insights on the financial markets and the geopolitical drama.
• His work indicates that once the $1,400 gold hurdle is surpassed, the former bull market return in all of its glory, ascending over $2,000.
• Positive seasonal factors will continue to add upward momentum to the sector, due to demand stemming from Christmas, Hanukkah and Indian festivities.
• Investors in newly affluent China will cause retailers to increase stockpiles.
• Despite the remarkable 2016 rally, gold remains a de facto value relative to US equities, making gold an enticing bargain opportunity.
• Large financial institutions / hedge funds / pension funds are turning to the relatively tiny PMs sector as an alternative to pricey shares / bonds.
• Solid population growth in China / India will virtually insure robust future demand for the PMs.

Kevin Kerr & Chris Waltzek - Sept. 14, 2016.

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Mp3 format.

Summary

• Kevin Kerr of Kerr Trading International rejoins the show, with positive comments on the upcoming September 30th, US Federal Budget.
• The current budget deficit exceeds $107 billion, the persistent issue implies the potential for challenging economic conditions on a national scale.
• Many top guests on this show have championed the idea of a balanced US Federal budget, including Dr. Ron Paul.
• Unfortunately, the issue remains political kryponite, anathema to the election process.
• The similarities between the current US equities indexes and that of 2008 are chilling.
• 2016 is also a Presidential year, with the potential for another 2008-2009 like Great Recession / market meltdown.
• The duo conclude that every investment portfolio should be positioned / hedged against potential selling.
• The bottom is in place for the PMs sector, while silver is poised to yield exceptional gains.
• Among the key drivers sending investors flooding into the PMs sector, continued Brexit-like events in the EU and the potential for negative rates in the US.
• Despite record crude oil supply levels, the sector could spike to as high as $65 should the CRB commodities index rally persist.

Bill Murphy & Chris Waltzek - Sept. 7th, 2016.

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Highlights

• Bill Murphy of GATA.org returns to the show with insights on the PMs sector.
• The gold cartel continues to be the key shadowy force behind downward price movements in the PMs sector.
• Physical supply constraints are hindering their efforts, as evidenced by the sharp recovery in price in recent weeks.
• The dialogue includes news from Sydney Australia via GATA.org, that gold miner, Resolute is offering shareholders the option to receive gold bullion dividends.
• The shares skyrocketed several fold in recent months since the announcement.
• Recent commentary from Dr. Stephen Leeb implies that China's banks are accumulating large inventories of gold, to satisfy new IMF regulations.
• Our guest thinks gold represents the de facto investment opportunity.

Bob Hoye & Chris Waltzek - Sept. 6, 2016.

Highlights

• Bob Hoye, senior investment strategist of Institutional Advisors returns with comments on the financial markets.
• Our guest is monitoring the gold to silver ratio closely, noting the predictive powers, similar to a credit spread or yield curve.
• Every investment portfolio must include gold / silver assets; the perfect insurance against global money printing.
• According to a Labor Department Report, the US jobs included 100,000 fewer than anticipated, implying that the Fed has less wiggle room to raise rates.
• The Fed remains the only hold out among the central banking trifecta to keep rates above zero, i.e., the BOJ, ECB.
• John Williams latest figures at Shadowstats.com, the true national unemployment rate is approaching 25%, the worst since the Great Depression.
• The reason for the discrepancy is that officials no longer consider the 95 million discouraged workers as part of the tally.
• Tame energy prices offer gold / silver miners a competitive advantage, as energy is a major production expense.
• Bob Hoye outlines why the precious metals sector will eventually be the hottest venue in the financial world, at least doubling from current levels.

Bob Hoye, senior investment strategist of Institutional Advisors returns with comments on the financial markets. He's monitoring the gold to silver ratio closely, noting the predictive powers, similar to a credit spread or yield curve. Our guest says every investment portfolio must include gold / silver assets; the perfect insurance against global money printing. According to a Labor Department Report, the US jobs included 100,000 fewer than anticipated, implying that Fed policymakers have less wiggle room to raise rates. The Fed remains the only hold out among the central banking trifecta to keep rates above zero, i.e., the BOJ, ECB. According to John Williams latest figures at Shadowstats.com, the true national unemployment rate is approaching 25%, the worst since the Great Depression, a bit higher than the official 4.9% figure. The reason for the discrepancy is that officials no longer consider the 95 million discouraged workers as part of the tally. Tame energy prices offer gold / silver miners a competitive advantage, as energy is a major production expense. Bob Hoye outlines why the precious metals sector will eventually be the hottest venue in the financial world, at least doubling from current levels.

John Embry & Chris Waltzek - September 1, 2016.

Highlights

• John Embry, Senior Strategist at Sprott Asset Management returns with key insights into the startling 2016 PMs market rally.
• The recent pullback represents a discounted buying opportunity within a new long-term bull market.
• Once gold breaks out of the consolidation in terms of the US dollar, the de facto reserve currency, the bull market will continue.
• China's official 3,000 ton gold reserve figure at the PBoC may be vastly understated; the true stockpile could represent the largest worldwide.
• A recent article by Koos Jansen shows that China's top banks likely hold massive gold reserves, the traditional asset of choice.
• The discussion includes "Bond King", Bill Gross, who may soon earn a new royal title of "Gold King."
• The financially savvy professional seems to be losing his appetite for bonds in favor of gold.
• The duo suggest that the billions of dollars / currencies held in paper form should be shifted into safer alternatives, such as bullion, and mining shares.
• The world's most useful precious metal, silver may eventually outshine its rivals, sporting one of the most enviable investment valuations.
• Once gold ascends to it's rightful place as king of currencies, the gold / silver ratio will return to 10:1, sending silver into the triple digits.
• The Irish Times reported that the Bank of Ireland is now charging for the right to deposit funds, making home safes much more desirable.
• Sales in home safes are soaring across much of Europe, ground zero of the ECB negative saving rates.

John Embry, Senior Strategist at Sprott Asset Management returns with key insights into the startling 2016 PMs market rally. The recent pullback represents a discounted buying opportunity within a new long-term bull market. Once gold breaks out of the consolidation in terms of the US dollar, the de facto reserve currency will continue higher. In addition, the official 3,000 ton gold reserve figure at the PBoC is likely understated; the true stockpile could represent the largest worldwide by a factor of at least 2-3 fold, beyond even that of the USA and without encumbrance, such as leasing arrangements. In addition, a recent article by Koos Jansen shows that China's top banks likely hold massive gold reserves, the traditional asset of choice, contrary to their colleagues in the West, which detest the "barbarous relic." The discussion includes "Bond King", Bill Gross, who may soon earn a new royal title of "Gold King." The financially savvy professional seems to be losing his appetite for bonds in favor of gold. The duo suggest that the billions of dollars / currencies held in paper form should be shifted into safer alternatives, such as bullion, bars, coins and mining shares. Nevertheless, the world's most useful precious metal, silver may eventually outshine its rivals, sporting one of the most enviable investment valuations. Once gold ascends to it's rightful place as king of currencies, the gold / silver ratio will return to a more traditional 10:1 level, the naturally occurring mineralization rate, sending silver into the triple digits. The Irish Times just reported that the Bank of Ireland is now charging for the right to deposit funds, making home safes much more desirable wealth storage alternatives. The die is cast, the tipping point has been crossed, gold now yields intangible interest amid the negative interest rate environment. Case in point, sales in home safes are soaring across much of Europe, ground zero for ECB negative saving rates.

Dr. Paul Craig Roberts & Chris Waltzek - August 30, 2016.

Highlights

• Senior Research Fellow, Dr. Paul Craig Roberts rejoins the show. The bullion banks have "An infinite stockpile of naked gold shorts, driving down the price."
• The shorting machination began in 2011, culminating in the 2016 gold rally.
• An underground international bank transaction clearing system is jeopardizing US dollar hegemony;
• "If the system gets up and running, big banks will no longer require dollar reserves."
• The end game is obvious; inevitably market forces must establish equilibrium, sending the PMs skyward.
• Eventually, higher rates will cause an economic depression of epic scale.
• The recent US jobs number may be skewed by false assumptions, i.e., Seasonal adjustments making the recent 277,000 job number suspicious.
• The participation rate, or number of folks working, continues to decline on an annual basis, suggesting bogus BLS numbers.
• Most new part-time, service jobs offer few perquisites as the deterioration in the labor force continues in earnest, resembling"...a 3rd world economy."
• The disturbing social theme is emblematic of the difficulties facing young couples attempting to establish and maintain households.
• "More than half of US 18-25 year olds live at home, while most of the 25-34 bracket live at home due in no small part to limited job prospects...
• A final leg holding up the entire domestic edifice is the artificially low rate environment.
• Near zero rates boosts home prices, making refinancing simple vis–à–vis debt securitization.
• The strategy will work until either debt availability lessons or the housing bubble bursts.
• When inflation is properly included, the real GDP has been essentially flat to negative since 2000, representing the deepest depression in national history.
• Without manufacturing jobs, the tax base collapses, and inevitably, the currency / economy.
• No market is free due to manipulation and easy debt. For instance, stock P/E's are high on a historical basis, primarily due to Fed based excess liquidity.

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