Tag Archives: Bullion

  • Podcast
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    Robert Mish: Front-Line Evidence That We Are Nowhere Near a Gold Bubble

    At closest, we're at a "2" out of 10
    by Adam Taggart

    Friday, March 9, 2012, 8:46 PM

    54

    Robert Mish has been a precious metals dealer for nearly 50 years and knows what gold bubble mania looks like. We are nowhere near that stage, in his opinion.

    Instead, he sees a US populace largely unappreciative of holding precious metal as a store of wealth, and engaged in a slow process of dis-hording their gold and silver to eager foreign buyers, who are more than happy to take the bullion back to their shores.

    In terms of where we are on the gold mania spectrum, he sees us at a "2" out of 10.

    But he foresees a very rude awakening ahead, as the populace eventually wakes up to the increasing damage that our over-debted global economy is doing to the purchasing power of world currencies. Because when the general investor finally realizes the protection the precious metals offer against currency debasement, much of the retail supply will already be out of the system, in very tight hands and largely overseas.

    Moreover, when supply gets tight, there will be more challenges to obtaining physical bullion during a buying mania than there were during the last mania in 1980. There are many fewer local sources to exchange bullion these days, as much of that business is now transacted by online vendors dependent mail delivery to ship product, and they are more vulnerable to supply chain disruptions.

    Be sure you're aware of how the form in which you hold your bullion will affect the price you get during a buying frenzy, when refining capacity is overwhelmed. You may find that your gold or silver sells at a hefty discount because it's not in a preferred format for trade.

     

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  • Blog

    Turd Ferguson: The Inexorable March Higher For Precious Metals

    by Adam Taggart

    Friday, November 11, 2011, 3:14 AM

    0

    Turd Ferguson is a funny guy.

    But there’s one thing this irreverent, acerbically goofball forecaster is stone-cold serious about: the need to build personal exposure to the precious metals.

    For him, it’s a straightforward mathematical certainty that the global economy must collapse under the weight of the excessive (and exponentially compounding) credit amassed over the past several decades. The debt is simply too large to be serviced.

    As a growing number of analysts (including Chris) are predicting, Turd sees the replacement of the world’s current monetary regimes as the endgame to this story. And he believes we are watching that endgame unfold in real-time now.

    In this interview with Chris, Turd discusses his reasons why gold and silver offer the best prospect for preserving wealth through the coming devaluation of world currencies, despite his strong conviction that the markets for these metals are heavily price-manipulated.

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  • Blog

    Eric Sprott – Paper Markets Are A Joke: Prepare for Bullion Prices to Go Supernova

    by Adam Taggart

    Tuesday, July 5, 2011, 9:49 PM

    0

    “I think that the prices will continue higher. I mean the amount of money printing is unbelievable. I just think you have to take that initial stand in terms of buying it. I use the James Turk analogy: just keep dollar averaging. We have gone up eleven years in a row, this year it looks like it will be no exception; I would certainly think next year will be no exception. If we ever have QE3 announced, I think gold and silver will just go absolutely bonkers here. And so I just think you have got to step in there and own it; we’ve had these fears all the way along. You know, $400, and $500 and $700 and $800 dollar gold, everyone was afraid it was a one-time thing. I don’t think it is a one-time thing, I think it is a secular thing. It’s going to carry on for quite a while here until we find some resolution of these problems. And the resolution probably will be some form of default where people just have to expunge debts that cannot be repaid. So, you have got to be in some asset which will not be affected by that.”

    So predicts Eric Sprott, founder of Sprott Asset Management and famed investor. In this wide-ranging interview, he shares his insights on the precious metals markets – specifically what investors need to be aware of in terms of the way the markets are currently managed (maniuplated), the macro outlook for the economy (grim) and the true value of gold and silver (very underpriced; particularly silver).  

    Eric sees the current “extend and pretend” intervention by world governments and central banks to prop of a fundamentally flawed banking system, particualrly the vast money printing efforts of the past few years, as a ruse that is losing it’s influence. Once enough people ask “Why have your money in a bank earning nothing? Why not have it in something that might at least maintain its purchasing power?”, the captial flows into the precious metals will dwarf current levels, sending bullion prices much higher.

    Those interested in hearing Eric’s insights on:

    • why we’re in a global secular bear market for most assets classes
    • what the safest investment options are
    • how much precious metals exposure investors should have
    • the key factors that will drive PM prices much higher
    • the mindboggling supply shortage and manipulation within the silver market
    • why there may eventually be two prices for bullion: one for paper and (a much higher one) for physical & how high Eric thinks prices could go

    should click the play button below to listen to Chris’ interview with Eric Sprott (runtime 38m:01s):

    [swf file=”http://media.chrismartenson.com/audio/eric-sprott-2011-07-05.mp3″]

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    Or start reading the transcript below:

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  • Blog

    The Screaming Fundamentals For Owning Gold And Silver

    by Chris Martenson

    Wednesday, June 29, 2011, 1:22 PM

    0

    This report lays out an investment thesis for gold and one for silver.  Various factors lead me to conclude that gold is one investment that you can park for the next ten or twenty years, confident that it will perform well. My timing and logic for both entering and finally exiting gold (and silver) as investments are laid out in the full report.

    The punch line is this: Gold and silver are not (yet) in bubble territory, and large gains remain, especially if monetary, fiscal, and fundamental supply-and-demand trends remain in play.

    Introduction

    In 2001, as the painful end of the long stock bull market finally seeped into my consciousness, I began to grow quite concerned about my traditional stock and bond holdings. Other than a house with 27 years left on a 30 year mortgage, these holdings represented 100% of my investing portfolio. So I dug into the economic data to see what I could discover. What I found shocked me. It’s all in the Crash Course in both video and book form, so I won’t go into that data here.

    By 2002, I had investigated enough about our monetary, economic, and political systems that I decided that holding gold and silver would be a very good idea, poured 50% of my liquid net worth into precious metals, and sat back and watched.

    Since then, my appreciation for and understanding of the role of gold as a monetary asset and silver as an indispensable industrial metal have deepened considerably.

    Investing in gold and silver is still a good idea. Here’s why.

    Why own gold and silver?

    The reasons to hold gold and silver, and I mean physical gold and silver, are pretty straightforward. So let’s begin with the primary reasons to own gold.

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  • Blog
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    The Screaming Fundamentals For Owning Gold And Silver

    The investment thesis for precious metals
    by Chris Martenson

    Wednesday, June 29, 2011, 1:22 PM

    211

    This report lays out an investment thesis for gold and one for silver.  Various factors lead me to conclude that gold is one investment that you can park for the next ten or twenty years, confident that it will perform well. My timing and logic for both entering and finally exiting gold (and silver) as investments are laid out in the full report.

    The punch line is this: Gold and silver are not (yet) in bubble territory, and large gains remain, especially if monetary, fiscal, and fundamental supply-and-demand trends remain in play.

    Introduction

    In 2001, as the painful end of the long stock bull market finally seeped into my consciousness, I began to grow quite concerned about my traditional stock and bond holdings. Other than a house with 27 years left on a 30 year mortgage, these holdings represented 100% of my investing portfolio. So I dug into the economic data to see what I could discover. What I found shocked me. It's all in the Crash Course in both video and book form, so I won't go into that data here.

    By 2002, I had investigated enough about our monetary, economic, and political systems that I decided that holding gold and silver would be a very good idea, poured 50% of my liquid net worth into precious metals, and sat back and watched.

    Since then, my appreciation for and understanding of the role of gold as a monetary asset and silver as an indispensable industrial metal have deepened considerably.

    Investing in gold and silver is still a good idea. Here's why.

    Why own gold and silver?

    The reasons to hold gold and silver, and I mean physical gold and silver, are pretty straightforward. So let’s begin with the primary reasons to own gold.

     

    Read More »

  • Blog

    Paul Tustain: Gold Is Sending A Signal That The Monetary System Is In Grave Danger

    by Adam Taggart

    Friday, April 8, 2011, 6:06 AM

    0

    “When a country’s public debt exceeds 90% of GDP, that is the magic number. You get to 90%, there is no way back, and that is the number that the U.S. is going through pretty much as we speak. It is also the number which the UK has gone through; all of the PIGS are going through it, as well. They are all going past the 90% debt to GDP ratio. Obviously, Japan is miles past it already. It’s up to 200%+. There does not appear, in the historical analysis, to be any great likelihood of getting back from that level of debt safely. There is this strong evidence that above 90% debt to GDP, you will experience either a cataclysmic default or some form of very serious inflation.”

    So observes Paul Tustain, gold market analyst and founder of BullionVault. In his view, gold serves as a beacon who’s price is currently signaling the monetary system is in grave danger. He and Chris discuss the primary factors driving the price of gold and smart strategies for investors looking to build or maintain their holdings of the metal.

    Click the play button below to listen to Chris’ interview with Paul Tustain (runtime 56m:55s):

    [swf file=”http://media.chrismartenson.com/audio/paul-tustain-2011-04-08-final.mp3″]

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    In this podcast, Paul covers:

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  • Blog

    Chris Interviews Ted Butler: The End of Silver Price Manipulation

    by Adam Taggart

    Friday, November 19, 2010, 2:18 PM

    0

    2010 has been an exceptional year for silver. The price has increased over 50% to-date, and the CFTC (the US commodity regulatory body) issued a statement last month admitting that the market price of silver may have been (and still may be) fraudulently manipulated. An investigation is underway.

    Ted Butler is one of the pre-eminent commentators on the silver market. In addition to his decades following the metal, he’s spent years raising suspicions about silver’s suppression by a few large banks taking on egregiously large short positions. The current CFTC action is a direct result of Ted’s activism.

    In the podcast below, Chris conducts an in-depth interview with Ted focusing on the most important aspects that anyone interested in silver needs to know now. In short, Ted predicts the imminent end to the manipulation will ultimately send the price higher – much higher.

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  • Blog

    Chris on Financial Sense: Preparing for Peak Oil

    by Adam Taggart

    Tuesday, November 2, 2010, 5:37 PM

    0

    Chris’ latest interview on Financial Sense is now available. It’s a 23-minute podcast that can be listened to by clicking here or on the image below:

    Chris and host Jim Puplava discuss the ramifications of Peak Oil on society – basically, essential systems we depend on will start malfunctioning – then dive deeper into specific steps individuals can take in preparation.

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  • Blog

    What Should I Do? The Basics of Resilience (Part 7 – Protecting Wealth)

    by Chris Martenson

    Tuesday, August 24, 2010, 10:13 PM

    0

    Note:  This article is part of a series on personal preparation to help you answer the question, “What should I do?”  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

    Graduates of the Crash Course series emerge aware that, economically speaking, the next twenty years are going to be completely unlike the last twenty years.  This invariably leads to the question, “How do I prepare financially?”

    We have entered some truly treacherous investing waters, where we must question everything and accept nothing, even (and especially) the base assumption that any given currency, be that the US dollar or euro or Yen, will retain its value.  Is a ‘double-dip’ recession coming?  Nobody knows for certain, but all the warning signs are there.  Our view is that it’s best to start thinking about preserving and protecting your wealth now, while you still have that opportunity.  The bottom line here is that you should not be taking your cues from what your neighbors seem to be doing, but instead being sure that your own house is in order.

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  • Blog

    Daily Digest – July 17

    by Davos

    Friday, July 17, 2009, 3:00 PM

    0
    • Ratigan and Riholtz Discuss Goldman (Video)
    • The Chinese Equity Bubble: Ready to Burst
    • Social Security spends $700,000 on Phoenix conference
    • NYC: 57% Tax for Top Earners
    • California tax officials: Legal pot would rake in $1.4B
    • Foreclosures rise 15 percent in first half of 2009
    • Poor in Colorado may get free phones
    • Cash-poor Connecticut may sell land, buildings
    • Hedge Fund Buys 5 Billion in Gold Bullion
    • What’s the Real CPI?

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