from FinancialSurvivalNet
Dave Kranzler started out like so many other college grads on Wall Street. Then he saw the golden light and his life has never been the same. He started a fund that is 50 percent invested in physical gold and silver. The rest is invested in a concentrated mining stock portfolio. When an investor cashes they can receive their pro rata share of the physical metal portfolio. Dave loves going behind the government statistics to find the truth. And when it comes to the truth, the housing market is still in a depression. While the politicians lie, the numbers don’t. Dave will become a regular on FSN.
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Jan Skoyles, one of our favorite guests from across the pond joined us today. She’s been doing research about the effects of presidential elections on the price of gold. Not surprisingly, democrat presidents are very bullish for the price of gold, just look at FDR, Carter and Obama. But so are presidents of either party when running for re-election. It’s probably true that any government in the long run will be good for the price of gold, as it seems that three things in life are always true, death, taxes and inflation.
Bron Suchecki, director of strategy at the Perth Mint joined us today to clarify a number of rumors and misunderstandings about the Mint’s policies and accounting. Perth sells certificates that are backed up by the metal they have in inventory, awaiting fabrication. Buyers of the certificates are not charged for storage. This practice has led a number of reputable writers to question whether Perth really does have the metal and perhaps more importantly, what would happen if a shortage of metal prevented them from restocking their inventory. Bron explains that they never actually ran out of metal in 2008. They tapped other sources to keep the metal flowing, and if they were ever in a position where suddenly gold and silver became unobtainable, they would be forced to stop producing and keep the inventory in place. Additionally, Perth’s auditors have certified their financial statements, never qualifying them due to an inventory shortage. While there are no sure things in this world, especially where counterparty risk exists, Perth is probably as close as one can get to minimization of this risk.
Danielle Park of 
Nolan Watson is young but has nonetheless had a storied career in resource development finance and investment. He was CFO of Silver Wheaton a wildly successful royalty investment company. Then he went on to found Sandstrom Gold and Sandstrom Metals and Energy. Their success has been well deserved. They are providing capital to competent mining ventures who have been otherwise shut out of the market. Sandstorm Gold has an extremely disciplined approach to choosing worthy candidates, which has helped lift the stock from 50 cents to $14 in just a few short years. Quite an accomplishment in these trying markets.
Tim Barry, an experienced miner manager, couldn’t believe his luck when he was checking out a zinc mine in Mexico and found a silver resource underneath it, potentially over 100 million ounces! And the story keeps getting better. With each NI 43101 filing, the resource keeps going higher. Tim can barely hide his enthusiasm over the project. Great infrastructure, low cost of recovery and there’s also that zinc resource that will be mined after the silver. While junior explorers are always risky proposition, this one looks like it may have a solid future ahead. Remember, we don’t own it and we don’t recommend it.
Arch Crawford of 
The election is in just a week. The perfect storm is going to hit the East Coast today and the Economic Perfect Storm is coming right after the election. While the elites have kept the markets in near perfect check during the past 6 months, it appears that economic fundamentals are beginning to assert themselves and this is not a positive outcome for the stock market or the economy as a whole. Which is why purchasing gold, silver and food is essential to you and your family’s well-being. All three are readily available now. They are in plentiful supply, but who knows how long that will last for? The time to buy is now.
We’ve been telling you about the Silver Circle Movie for over a year. Finally, it’s been released and it has exceeded everyone’s expectations. Set in 2016, the US is completely dominated by the Federal Reserve. From the economic life to social experience, life begins and ends at the Fed. However, there’s a group of rebels who are trying to put an end to this form of modern slavery. They produce Silver Circles, an alternative to the ever depreciating fiat currency the Fed lavishes upon the populace. Every conspiracy theory is equally depicted here, from Chemtrails to precious metals confiscation, none are excluded. There’s also a love angle and cause for widespread hope. You don’t want to miss this production by Pasha Roberts, former MIT Quant and movie producer. He and Megan Duffield, along with the rest of the crew, have outdone themselves.
Orko Silver seemed to hold so much hope for substantial returns. They were in a joint venture with Pan American Silver and the future looked bright. After all, Pan American had spent over $18 million dollars on their resource. But then the unthinkable occurred, Pan American walked away. Orko’s stock collapsed overnight and so did their prospects. We must confess to owning this stock. But now, Orko is back and they’re actively seeking to be acquired. According to management, serious negotiations are underway, which could lead to large returns. Will this merely be another disappointment, or will the their hopes be fulfilled this time out? Stay tuned!
Peter Megaw is a geologist and has spent the past 25 years on the hunt for large precious metals resources. In his role at Mag Silver, it appears that he might just have found the mother load. They’ve got two potential world class projects ready to start production in Mexico. And the world is starting to take notice. The stock just hit a 52 week high, in spite of the recent precious metals’ price instability. No wonder why Peter’s spending more time at the mining camp than in the bedroom. Because as he said, finding and developing a world class mine can be better than sex!
Gus Demos has long been an advocate of competing currencies. When he urged Chris Duane to design a coin for Chris’s web followers, he had no idea what he was about to unleash. In a little over a month, they’ve sold over 50,000 of these attractive 1 ounce silver coin. They’ve also made a point that silver is really money and that thousands of people are willing to put their fiat money where their mouths are. This is obviously the start of a much larger trend and we’re going to see a lot more from this group.
Ron Hera is a close friend of FSN. He’s one of the brightest mining stock analysts and economic commentators out there. He’s postulating a new theory, mainly that after four years of near economic collapse, there’s not going to be one. Hyperinflation remains a theoretical concept and the government will simply keep steeling our wealth, indefinitely. His theory follows that as long as the rest of the world is willing to engage in mutually assured currency debasement, gold and silver will go up, but the system will continue on unabated. We do take issue with some of the theory, but believe in the final analysis that n government can avoid economic reality or the will of its people.
We caught up with Jeff Clark, publisher of Casey Research’s Big Gold after a rousing discussion about where silver is and where it’s heading. The market is so small with so little surplus capacity, that a demand spike could easily result in a major mania. Of course the tree does not grow to the sky, but it can get very tall. Jeff offered a number of scenarios that put silver’s peak price well over $100, approaching several multiples of that. It’s not very difficult to envision these types of situations emerging from the world’s chaotic economic system.
Chris Duane and I have been talking about the demise of the Western Economy, precious metals and the hope for a better world for over a year. During that time we’ve become close friends, but until now, we never met face to face. Chris was invited to speak at the Silver Summit and we finally connected. It’s amazing what the internet has done for personal relationships. There were no awkward introductions, we were just two friends getting together like always. Listen in and hear Chris’s latest insights. And don’t forget to buy the Silver Bullet Silver Shield Coin. The latest design is quite nice and will become a real collector’s item.
We caught up with Bix Weir during the Silver Summit. He’s made some amazing discoveries about the on-going silver manipulation scheme. HSBC no longer has a precious metals derivatives portfolio. Rather, they’ve been replaced by Citibank. Banks getting into and out of major derivatives schemes is not an every day occurrence. Something major is going on, but unfortunately due to the lack of transparancy and outright fraud taking place in the public markets today, it’s impossible to know what is really taking place. Could this be the long awaited implosion of the market? Possibly, but we’ll have to wait a little while longer to find out.
Imagine a major silver project hiding in plain sight in San Bernadino California. This small company could be sitting on a huge silver deposit. And while we can always argue about the US’s political stability, we can’t argue about infrastructure, labor force quality and the ability to bring the project to market. This company is one that we were very excited to connect with and it could hold large potential. But as you know, junior miners are extremely risky and require a very stringent investment approach. So be sure to do your due diligence and invest wisely.
Mike Reid of 
Dr. Yaron Brook of the estimable Ayn Rand Institute was with us to share his take on the latest Presidential debates. And while he feels that Romney is the nominally better candidate, neither of them are winning any awards for free market economics or an intricate understanding of why the Free Market is the answer to what ails America and the World. Obama is a collectivist/statist and Romney is a pragmatist/statist, so choose your poison. Unfortunately, the US will have to again learn the hard way that no other systems works like a free economy in a free world.
Danielle Park believes it’s time for all the parties to come together and build a consensus and start agreeing on solutions to our common problems. Compromise is the key to finding common solutions, but first there must be an agreement that the current problem is dire and cannot be solved otherwise. The US and the World are facing a bankruptcy of unprecedented proportions. If the governments do not have an immediate reality check, the result is going to be catastrophic and every individual will suffer.
David Selig is a former marine and an active accountant, regularly doing battle with the IRS and State Tax Authorities. He believes that events are developing that will the government to confiscate metals, in order to keep the system functioning. He’s seeing early signs now and believes that the Supreme Court will be the ultimate aider and abettor. While he’s hopeful that the populace will revolt against such outrageous restrictions on their freedom, he has doubts. Which is why the key to surviving and thriving is to have a plan and keep it to yourself.