Tag Archives: gold

Episode-1134- Understanding and Investing in Silver

Custom Medallions a Just One Option for the Silver Investor.

Custom Medallions a Just One Option for the Silver Investor.

I’ll promise right  up front that this will not be a TSPMint.com infomercial.  In fact I will spend the majority on the show on other types of silver, why silver is a great investment and why many “fears” and “concerns” with buying silver are not worth worrying about.

I also want to talk about the real and false reasons behind the recent drop in precious metals pricing.  There are two things going on here, prices should be coming down but not as far and not as fast as they are.  Just as speculation can drive up a commodity (especially when it is going up some via real market forces) so too can speculation drive a commodity down.

Additionally I want to really discuss why I suggest only 5-10% of your wealth in silver and gold and why I don’t recommend platinum and palladium in that number.  I will also discuss why I don’t recommend jewels or even really jewelry in that number, though jewelry can be one great way to increase metal holdings.

Join Me Today As We Discuss…

  • Why I focus on silver over gold
    • The delta still favors silver
    • Silver has many uses that use it up
    • Silver is the common man’s currency
    • Silver is more widely available and for now incurs less oversight
  • Types of silver and what makes each unique
    • Generic bars and rounds (ounce and fractional)
    • Custom medallions and pieces (ounce and fractional)
    • Collectable silver (numismatic, affinity, etc)
    • Bars (5 ounces and up)
    • American Silver Eagles
    • International Government Issued Silver (Aussie, Canadian, Mexican, etc.)
    • U.S. Pre 65 Silver Coinage (90%)
  • Methods of storing your silver
    • In slab floor safe
    • Fire proof safes
    • Private storage
    • Bank safety deposit box
    • Silver banking (why I don’t like it yet)
    • Paper silver
    • Buried in the ground (don’t do this!)
    • The multi cache method (a little of all)
  • Inventory and audit
    • Don’t think you know, know
    • Don’t think in dollars (it will make you happy and sad about nothing)
    • Do inventory types, not just ounces
    • Do photograph items in type stacks (for insurance)
    • Do update your inventory often
  • Final thoughts
    • If you don’t think you can afford silver right now you can’t
    • Take a balanced approach
    • This is not likely to make you rich, but it might, who knows
    • Selling silver is never as smart as trading it
    • Don’t worry about confiscation, really don’t do it

Resources for today’s show…

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-1070- Craig Rowland on “The Permanent Portfolio”

Craig Rowland, Author of "The Permanent Portfolio".

Craig Rowland, Author of “The Permanent Portfolio”.

Craig Rowland is a software entrepreneur who sold his previous company to Cisco Systems, Inc.  He was also an early stage employee with successful acquisitions in 1998 of WheelGroup Corporation to Cisco Systems and early stage consultant to TippingPoint Technologies which sold in 2004 to 3Com Corporation.

These companies focused on computer and network security and he holds several patents in the area and has done other interesting research in the field.

Craig currently volunteers for a local technology incubator as a start-up coach and help turn ideas into businesses.  He has experience in executive management, venture capital fund raising, public speaking, marketing, sales, engineering management and development.

Craig joins us today for a discussion of his new book: The Permanent Portfolio: Harry Browne’s Long-Term Investment Strategy.

Today we discuss…

  • What exactly is a permanent portfolio
  • What real diversification of investments looks like
  • Why you should hold government bonds even if you think the dollar is doomed
  • The best ways to hold gold
  • How Americans still have some options to hold assets outside of the US
  • The benefits of adding geographic diversification to your investments
  • Two funds that use this strategy if you don’t wish to do it on your own
  • What the US implementing capital controls says about our future

Additional Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-1063- Rob Gray on Holding Silver in a Self Directed IRA

Rob Gray of AOCS

Rob Gray of AOCS Joins Us Today to Discuss Self Directed IRAs.

There were no less then 200 inquires from the audience after Rob Gray’s last appearance where he mentioned that you could set up an IRA where you had phyical possession of silver inside the IRA.

When there is that level of interest in a topic I get off my “forth point of contact” (butt for no military types out there) and get it on the air fast.

So Rob has returned to discuss exactly how you set up an IRA where you are in total control of all assets held within it and can physically put your hands on any items held in the IRA.

I have always been opposed to phyical metal in an IRA because I simply don’t consider metal in a vault 1000 miles away to be phyical metal, the only thing I hold is a piece of paper saying the metal exists.  This method Rob lays out today takes care of that issue.

Rob and I are in agreement when it comes to buying new silver that you are better off buying metal and holding it privately but many of us have old IRAs, this I think is the best use for the system we will discuss today.  Short of cashing out early and paying the penalties this is the best method I have ever seen to take full 100% control of assets (including phyical assets) inside an IRA investment vehicle.

Join Rob and I Today as We Discuss…

  • What is a self directed IRA
  • How do you set up a self directed IRA
  • What can you hold in a self directed IRA
  • How do you maintain 100% control of metal in a self directed IRA
  • Can you hold silver in a safe deposit box with a Self Directed IRA
  • What is the most secure type of home safe for storing small items
  • Is there a way to hold silver and earn interest on it, yes
  • What does the recent scare on guns and mag teach us about markets as a whole
  • What exactly is IRA approved silver
  • Why I think you 100% should use a professional to set up your SD IRA

 Resources for Today’s Show:

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-1061- Rob Gray and Chris Duane on the Launch of TSPMint.com

Note – MSB Members get 1 dollar per medallion off ALL silver medallions in the TSPMint.com store.  The discount code is on the benefits page of the MSB.

Today is a big day, after a lot of planning we are launching TSPMint.com.  This is being done in conjunction with Rob Gray of AOCS and he joins us today to discuss all the great things going on at AOCS and the newly launched Mulligan Mint.

Over the past year Rob has been working heavily with Chris Duane who I introduced him to back when he was a guest on TSP.  Together they have released a series of silver medallions and it has really  helped Rob’s new mint get off the ground.  So we are fortunate to have Chris on today’s show as well.

I Think Therefore I Am An Ant

I Think Therefore I Am An Ant

Join Us Today As We Discuss…

  • How Rob’s trip to the capital helped spring board Mulligan Mint
  • The great success Chris has had working with Rob with his series of medallions
  • Why now is a great time to be investing in silver
  • The future of the US economy and how silver can help protect your future
  • How AOCS has now become one of the most competitive places to buy silver
  • Why silver is the most anonymous form of currency available today
  • Thoughts on individual succession and opting out of the system
  • How you can get a free collectors only copper medallion just by buying TSP Silver

Special Offer for the Launch of TSP Mint

  • Buy 5 or more TSP Silver Ant Medallions and get a free COPPER one ounce version of Chris Duane’s Debt and Death design.  You can’t buy these anywhere.  Limit one per order.
  • If we sell 15,000 ounces of silver by COB Sunday the 3rd of February everyone that buys any of the new TSP Ant Medallions gets a free Debt and Death copper medallion.  So those that buy 5 ant coins will get 2.
  • If we sell 25,000 ounce of silver Rob will mint 10, 1/10th ounce gold coins, these will then be given out free  to those who purchased any coins in a drawing.
  • We will have a real time counter on the TSPMint website tracking orders until COB Sunday.

Additional Resources for Today’s Show

Rob Gray’s Links

Chris Duane’s Links

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-959- AAR from Rob Gray about his Testimony on Parallel Currencies

Rob Grays telling Congress to Ignore the Fed

Rob Grays telling Congress to Ignore the Fed

On August 2nd, 2012 Rob Gray, the Executive Director of the American Open Currency Standard was summoned by Congressman Ron Paul to appear before a House Committee on Parallel Currencies and the role they might play in the future of our economy.

Rob did a great job and learned a lot of things behind the scenes of the congressional machine, mainly that it isn’t as big a deal many times as we are led to believe and that it is in fact easier to get into Congress then to get on a plane.  You can read about his experience on the AOCS website here.

Today though you can hear about the entire thing from Rob himself as he joins us on TSP for the fourth time.  You will also hear some things about the “legal tender law” that will surprise you, I know it surprised me.

Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-951- AOCS in Washington and the Future of Private Monetary Systems

Ignore the Fed

Rob Gray to Congress “Leave Us Alone!”

Last night I posted that my good friend Rob Gray would today be testifying before congress about “competing currencies” at the request of Representative Ron Paul.  Rob may have already completed his remarks, I really don’t know for sure as my provider doesn’t have CSPAN-3 and I was on the road at his appointed time so the internet feed does me no good.

Today I want to read his speech to you and tell you my thoughts on how we the people can fix this problem with money, not inside the system, not even in opposition to the system but simply along side and out side of it.

To me Rob’s message to the congress is the work of a true patriot and one that makes me proud to be living in a time such as today.  Not long ago such words would be ridiculed or ignored, today they still fall on many deaf ears but many are also now listening.  When I get a video or audio on Rob’s testimony you can bet I will be sharing it with you.

Additionally today I will share with you my thoughts on how batter currencies can and likely will evolve over time.  I will even share with you how the concept could be used to create an effective and honest national currency.

 Additional Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-869- The Real State of the Economy – Right Where I Said it Would Be in 2009

Today the Dow is once again nearing all time highs, the spin machine tells us that unemployment is dropping and the economy is really picking up steam, Mike Gasior would call it a “wonderful fiction”.  So what do I think, I think we are right where I said we would be back in early 2009, on our way to the glorious false recovery.

Join Me Today as We Discuss…

  • A quick listen of some of my statements from 3-9-09
  • The unspoken reality of current silver and gold prices
    • The price of one share of the Dow in silver and gold
    • The price of a 150,000 dollar home in silver and gold
    • The value of a dollar in silver and gold
    • The value of four 1964 quarters
    • Buying a house with 2012 vs. 1964 quarters
  • More cities talk about bankruptcy like Stockton, CA and Providence, RI
  • What happens when “someone pulls the thread”
  • What will people do when the system fails
  • Does anybody win when the system fails
  • Is there a way out, does it hurt us even more if it happens

Resources for Today’s Show…

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-721- Tom Kowitz on the Last 4 US Goverment Defaults

Tom and his Radio Counterpart Michelle Gaudin

So the main stream media just spent the last 6 months scaring the crap out of everyone in regard to the “debt ceiling crisis”, stating over and over, “for the first time in history the US could default on its debts”.  As the title of today’s show indicates once again the main stream is not just wrong but completely incompetent.

To gain a better perspective of these events and our current financial mess I have enlisted Tom Kowitz of the Baldy and the Blonde Show from WGSO 990 AM in New Orleans to come on TSP and help us gain a greater understanding past defaults and the nation’s economic future.  If you often feel “money isn’t a survival topic”, you need to listen to this show, it will put it in a much more clear perspective for you.

Join me today as we discuss…

  • A bit on our current political nonsense about the debt ceiling
  • Why a AA+ rating of US credit is a joke
  • The history of currency changes and defaults in the last 100 years
    • 1913  Federal Reserve Act (from hell)
    • 1933 Confiscation of gold, and the federal government’s refusal to honor the gold clause in its bond contracts (this was a full-on default); Federal Reserve Notes now redeemable for silver instead of gold.
    • 1945 Bretton Woods Agreement established the dollar as the world’s reserve currency and the only currency convertible into gold (which means massive amounts of U.S. dollars had to be exported, which is precisely what happened in the few years after WWII)
    • 1965 The Coinage Act of 1965 eliminated silver from US coins (except half dollars, where silver content was cut from 90 percent to 40 percent) and gave us the junk we’re using today. (Default on all coinage)
    • 1968 Silver Certificates no longer redeemable for silver (another default)
    • 1969 Special Drawing Rights created by the IMF (1 SDR = 1 US dollar). SDR’s were created in part because of the concern that the U.S. wasn’t circulating enough dollars, and without a LOT of dollars out there, the dollar could not serve as the reserve currency.
    • 1971 Nixon closes the gold window; foreign central banks can no longer convert dollars into gold. This seems to me to be another default. There were way too many dollars out there. (Full on default by the US to the entire world)
    • 1978 IMF establishes a goal of making the SDR the principal reserve asset in the international monetary system. They straight-up announced their plan to put the entire world on a new monetary system.

Additional Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

Episode-661- The Future for Silver as an Investment

Silver is up, now it is down, record high, another record high, drops, now to the moon, then a massive drop, a minor recovery.  So what in the world is going on with the “white medal” the little sister of gold?  Today I will try to get past the hype, dig deeper into the reality and the reasons we hold metals like gold and silver in physical holdings in the first place along with answering a few of your emailed in questions along the way.

Join me today as we discuss…

  • A little price history about silver
  • The concept of a floor
  • Silver’s relationship to gold
  • If silver goes to 25 dollars it is actually “down”
  • What is a moving average and what it tells us as
  • Where does silver go next
  • George Soros is selling metal, what does that mean
  • Was the silver margin increase a conspiracy
  • What a naysayer has to say about silver
  • Evaluation of profit, loss and perceived loss

Additional Resources for Today’s Show

Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK and you might hear yourself on the air.

APMEX Want’s To Buy Your Gold and Silver

Well I am now more bullish on gold and silver.  Just got an email from APMEX asking to buy my gold and silver American Eagles.  They are paying 3.00 OVER spot on Silver and 38.00 OVER spot on gold.  Given this is one of the largest dealers in the US it should tell you something.   They are currently selling silver at like 5 dollars OVER spot as well.

Here is part of the email

“APMEX Wants To Buy Your U.S. Mint Products!

Dear Jack,

Due to the recent incredible demand for Gold and Silver bullion products, APMEX would like to offer you an exclusive opportunity to LOCK IN YOUR PRICES and sell us some of your U.S. Mint collection. This is a limited time offer and it is first come, first served until we have secured enough U.S. Mint bullion products to meet our current demand!

“We Want These Products:

We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!

We will pay you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!

We will pay you $1,250.00 for your 2010 America The Beautiful 5 oz. Silver coin sets. “

To me this is one of those small but significant signals that many big financial analysts miss.  The key here if you have ever sold gold or silver is you usually get right about spot price.  Be it eagles or generic rounds or what ever, each class has a spot price.

Generally spot is what dealers pay and some level over spot is what they sell at.  Silver is currently at about 45 and some change so 3 over spot represents a 6% premium on Silver Eagles.  That is not even close to out of line when you are buying from a dealer but it isn’t very common when selling to a dealer.

The conclusion is simple, APMEX one of the largest metal dealers in the U.S. believes that now is the time to buy even if you have to pay a little more.

Does this mean I am converting all my cash to silver or gold?  No and I am not saying you should either, given I hold significant metal reserves already I won’t buy much if any but it does tell us something about the current outlook.   I also think if you are currently buying an ounce or two a month it may make these recent highs a bit easier to handle.

FWIW – I have NO RELATIONSHIP or affiliation with APMEX.  They are just one place I have purchased metal from in the past and I am on their mailing list.  I have tried, UNSUCCESSFULLY to get some sort of discount or shipping deal from them from the MSB but they have never responded.