from FinancialSurvivalNet
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.
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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.
Arch Crawford of 
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.