from FinancialSurvivalNet
In this episode I discussed our new report on the free precious metals storage option. Also, I reviewed the need to prepare and to use common sense when dealing with decisions about whether to stay at home or to evacuate. While the media is totally irresponsible when it comes reporting on potential weather related hazards, they actually do provide enough information so that you can make an informed decision. In this case, we were dealing with an extremely large storm, 80mph winds and a full moon. While our hind sight is 20-20, enough information was provided to the public early on, so that many more people living near water could have evacuated. Building codes in the Northeast never anticipated such a storm, and even if they had, 13 foot storm surges will wipe out anything in its path.
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Robert Ian is well known for his workshops where he teaches executives and their companies how to Conquer Change. That means he’s been thinking about the emerging America for many years. He’s not at all encouraged and doesn’t believe that prosperity is just around the corner. Therefore, he’s working hard to help people save their wealth and their families from the coming economic downturn. Robert believes that now the election is over, things will start heating up and the pace will increase dramatically. Robert’s a close friend and we always take his views and advice seriously.
Michael Hall is an Innovative Coach, Bestselling Author and YogaTeacher. He believes that the key to succeeding is falling down and then getting back up on the “horse.” When someone is motivated and following their passion, they’ll easily be able to surmount just about any obstacle that is thrown in their path. All great successful people have encountered roadblocks and other barriers on the road to success. But rather than seeing them as a negative, they view their setbacks as stepping stones. And that is what makes all the difference.
According to Jim Willie, gold, far from being a barbarous relic, is about to resume its historical role as the main pillar of the world’s monetary system. China, Russia and Germany are looking forward to the day when the dollar loses its primacy and a new system is crafted to restore stability, and to facilitate world trade. Jim has numerous highly placed sources around the world’s financial system. They’re all telling him that a new trading system will be implemented as soon as the dollar hits its nadir. And when it comes to storing your gold, Jim believes there’s only one place you should consider: Hong Kong. He feels that HK’s business ethics are the world’s highest, and that Mainland China is intent on keeping it free and prosperous.
Every month, Charles Biderman digs through reems of government produced statistics. Often he finds them of little or no value. In fact, he accesses real-time economic data that is far more current and accurate than what gets released by the government statistics mills. For example, rather than relying on government surveys, Charles goes right to Visa and Master Card to get up to the minute information on retail sales. Labor statistics are another area of deliberate obfuscation and concealment. By simply accessing social security and payroll witholding reports, the government has the ability to issue real time jobs stats. Instead, they go through a convoluted survey process, which then needs to be seasonally adjusted and is inaccurate anyway. Perhaps accurate statistics would undermine the political advantages that these reports are often used for.
Stephanie Skaggs has spent a life time helping entrepreneurs set up businesses and obtain needed capital. Since the financial collapse, her services are more in demand than ever. FSN believes that individuals need to become economically self-sufficient and that you can do that by discovering your passion and building a brand and business around it. It’s what most of us will need to do to keep going through these difficult times. Stephanie is a master getting your company up and going. Hope you enjoy the variety from our usual topics.
Chris Duane rejoined us today. We discussed Hurricane Sandy and its aftermath. Survival in these trying times comes down to mental attitude. If you don’t have a survival mentality going into a disaster, you’re probably going to panic and take actions that can minimize your chances getting through it all. Therefore, it is essnetial to prepare and make the survival attitude second nature. We liken it being in a crowded theater and surveying the exits and mapping your escape route, so if fire does break out, while everyone else is panicing and trying to figure out what to, you’re already out the exit.
Rick joins me to discuss the election outcome, what it means to the economy, your taxes, your assets and your life. We also discussed Hurricane Sandy and its aftermath. This level of destruction has never before been visited upon the Middle Atlantic States. Whole communities were literally washed out of existence. This clearly demonstrates the need for personal and community-wide disaster planning. Storing of adequate food and water as well as self-defense items is essential to your survival.
Turd Ferguson interviewed me today about my upcoming book, F*ck Wall Street! Go For The Gold, the election and the state of the world economy. I’m used to running the interview so it’s always interesting when the shoe is on the other foot. Turd’s incredibly knowledgeable about the financial and precious metals markets and has some highly placed very credible sources. He shares the same mission as I do, helping you to prepare for the coming financial collapse. We talked quite a bit about preparing and getting into the proper survival mindset.
Max Yemets of 
BrotherJohnF joined us last night for an election pre-mortem. We both agree that silver is going up after the election regardless who wins. Therefore, preparation is essential. Those of you suffering through Hurricane Sandy know this to be a fact now. John and I have been urging people for so long to stock up on essentials and silver and other of life’s necessities. Think about that the next time you go out to the supermarket. Stock up on those essential items. You never know when you might need them.
Peter Grandich survived the storm and sat down with us today to talk about the possible effects of tomorrow’s election. He believes that if Obama wins it’s simply more of the same, but if it’s Romney there will be a period of heightened expectations, leading to the inevitable downfall. Peter feels that it’s simply too late to call back the economic missiles–in the form of QE3 and that we will eventually have to suffer the looming generational battle over social security and medicare. They can’t be paid for and a decision about their future must be made.
Ranting Andy Hoffman joined us for another insightful session about preparing for the inevitable. Fortunately his Long Island based family made it through the disaster relatively unscathed. However, there are thousands who’s homes were damaged or destroyed who are suffering greatly. And there’s another storm on its way up the coast. Which is why you should use this as a wake up call and prepare for tough times now. A little bit of planning can go a long way.
Diana and I reconnected after a couple of very hectic weeks. TheSeedEvent.org was a smashing success with over 2700 attendees. It is obviously the first of many. Next, we discussed the election. Diana, along with much of the non-US world believes that Obama has it in the bag. However, we here at FSN believe otherwise. Finally, we talked about saving money. There are so many common sense ways to lower your monthly expenditures, much of it centered around the internet. Saving money can be as simple as doing a google search. We outline a methods with more to follow next week.
The 
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.
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.