Topics
-Paying the bank to loan THEM money; what’s going on in Switzerland?
-The banks know that inflation is going to rear it’s ugly head and they don’t want your money
-Andy explains the ‘boom or bust’ cycles
-Popular Delusion and the Madness of Crowds
-The mobilization of credit and why credit is necessary
-How much money would be in the Social Security Trust Fund had it not been stolen?
-Is there a world assault on the dollar which is not shown in the index?
-A listener in the UK wants to buy a flat; Andrew advises him on the best mortgage to choose
-What should the minimum wage be in Andrew’s opinion?
-Does Andrew know of anyone affected by “Operation Choke Point”? “As first exposed by the Wall Street Journal, the Department of Justice and bank regulators are unconstitutionally pressuring banks to refuse banking services to perfectly legal industries, under the guise that they pose a “reputation risk” to the bank. Not surprisingly, two of the main industries targeted by this illegal program just happen to be two of the biggest threats to the federal government: guns and gold.”
-Why do people buy gold, when silver is so much cheaper? Even if gold price doesn’t increase, as the gold to silver ratio reverts back to historical levels, the silver buyer will earn a windfall. Seems like a no loss proposition.
-A listener asks Andy to explain William Jennings Bryant’s “cross of gold” speech. If there is a gold backed currency, isn’t it easy for “Doug and Mel” to corner the gold market in order to manipulate the supply of money, so that they can induce the inflation / deflation cycle at will?
-Are there any valuable silver numismatic coins?
-Would it be wise 90% of your net worth is in non-government backed mortgage backed securities?
-How do we insure our coins with home insurance ?
-Some time ago Andrew mentioned buying and selling US coins as a business that would allow oneself to claim the cost of the coins as an expense; what are the caveats regarding claiming coins as expenses as it relates to filing taxes?
-Is there any benefit to having a coin that says it’s worth $50 compared to a silver dollar that has more grams of silver and costs pretty much the same?
-If the Federal Reserve does the Swiss (negative 10 year notes) what would stop the exodus of past buyers of US debt?
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3 comments:
"-Why do people buy gold, when silver is so much cheaper? Even if gold price doesn’t increase, as the gold to silver ratio reverts back to historical levels, the silver buyer will earn a windfall. Seems like a no loss proposition."
Platinum is an even better deal, since it historically trades at over twice the price of gold, and unlike gold and silver, is historically non-confiscatable in bullion form, and you don't have to lug it around like silver.
http://fauxcapitalist.com/2010/01/30/platinum-the-overlooked-investment-metal-and-currency/
The problem with platinum is that it looks like silver. In a SHTF situation, verification could get murky.
Yes, over 99% of Americans couldn't tell the difference, nor could most business owners, but since the price would be so high, it would be more appropriate as an investment or for large purchases where the verification would be worth the time and money.
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