Bright Spots in the Economy and the Hilarity of Wondering What Backs Gold
Topics
-You think you own your property? Think again. Unless challenged, jurisdiction is assumed to exist. Andy tells us why paying off your mortgage is really not a very good idea
-Andrew advocates ‘strategic defaults’, saying “there is no reason to be a slave to a house”
-Treasury Reserve Notes: We’ve ask Mr. Gause before about the possibility of Treasury Reserve Notes(TRN) and he maintains his position on them
-Figuring out the role of “the premium” in the value of US gold coins. It seems that the value of some coins is mostly correlated with the premium, over and above the price of the metal. Andrew walks us through some examples of coin value as gold prices increase.
-A future in cryptocurrency? Andrew says you’re still better off using the dollar for now; he explains why
-A listener shares an article on the end of bond buying
http://www.nytimes.com/2014/07/10/business/federal-reserve-june-minutes-detail-end-of-bond-buying-program-.html?_r=0
-Listener question: My wife and I are buying a town home that my son will live in while attending college. We can save on his rent during college and expect to have positive cash flow if we rent after he graduates. We have the option of two rates – 4.5% and 4.275%. With the lower rate we pay an additional premium at closing of $1300 but save $4680 over the 30-year life of the loan. For $1300 “today-dollars” to become $4680 over 30 years requires an interest rate of 4.3%. I suggested to my wife we buy a gold coin with the $1300 and take the higher rate – what would you do?
-Is the Wealth Vault a reputable organisation?
-What is housing, & commercial industry economic outlook for the next year?
-Listener question: Has Andrew heard anything regarding the BIS modification of Basel III’s Gold ratio? The story goes that BIS was going to raise Gold’s holding value from a Tier 3 level up to a Tier 1 level? Tier 1, as I understand, would put all Gold holdings at 100% value, just like all US Treasuries are currently held at. This was a topic a few years ago and most likely forgotten
-How the government benefits from a minimum wage increase
-A lot of research into ISIS in Iraq shows that they got some CIA and US training in Jordan etc. What is going on here? What are they up to and why are they being allowed to do what they are doing in Iraq (capturing a large dam now)?
-If the gov’t tries to confiscate all privately owned bullion, is it wise and safer to store it in a private facility overseas (like Brink’s)?
-Why do you believe that the rest of the world will continue to use the dollar as the world’s reserve currency?
-Will the Iraqi Dinar ever revalue? Andrew explains why he is not a fan of the Iraqi Dinar.
-The Kuwaiti currency Vs the Iraqi Currency: Kuwait was a nation that was invaded, then liberated and got its currency back. Iraq was a country that was conquered (not liberated), that is now using US Dollars
-What is the Euro backed by?
-Andrew suggests interest rates may start moving up in 2015
-Bail-in’s – why they would have to happen all at once across the board
-Andy chance Germany will be leaving the Euro Zone?
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