Tag Archives: gold

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

Posted on August 10, 2011 by Modern Survival| 12 Comments
Episode-721- Tom Kowitz on the Last 4 US Goverment Defaults [ 1:23:09 ] Play Now | Play in Popup | Download

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.

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Episode-661- The Future for Silver as an Investment

Posted on May 10, 2011 by Modern Survival| 26 Comments
Episode-661- The Future for Silver as an Investment [ 54:07 ] Play Now | Play in Popup | Download

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.

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APMEX Want’s To Buy Your Gold and Silver

Posted on April 26, 2011 by Modern Survival| 17 Comments

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.

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Episode-572- Economic Fear vs. Common Sense Reality

Posted on December 16, 2010 by Modern Survival| 35 Comments
Episode-572- Economic Fear vs. Common Sense Reality [ 1:05:41 ] Play Now | Play in Popup | Download

So today’s show is drawing from a large volume of emails about financial and economic issues based on a request I made for such materiel this week on facebook.    I decided to do today’s show due to a excess of false fear I am seeing in the market right now.  Tune in today to learn why as I put it, “yes Rome is burning but no the sky isn’t falling”

Tune in today to hear…

  • Gold is always THE answer but it is often an answer
  • Understand you don’t have to sell all of anything, you can liquidate half
  • Stop being afraid to hold onto some cash
  • Why yes you should pay off debt and no inflation won’t help YOUR debt
  • What is going on with this JP Morgan, Max Keizer silver short thing
  • If no wealthy people put all assets in one class, why should we, why should our nation
  • What is a TIPs
  • What does it mean when people take a negative interest rate on a TIPs
  • How should we view real estate for us as individuals
  • My case to you as a fellow share holder for the restructuring of USA Inc.

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

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Episode-567- Rob Gray on AOCS Copper, Silver and Gold

Posted on December 9, 2010 by Modern Survival| 20 Comments
Episode-567- Rob Gray on AOCS Copper, Silver and Gold [ 1:07:38 ] Play Now | Play in Popup | Download

Today we are joined by Rob Gray, founder of the AOCS (American Open Currency Standard)  to discuss AOCS copper, silver and gold as a barter currency and all things monetary.

We also discuss the three fold mission of the new TSP copper rounds.

Our goals are to educate people about barter economies, educate people about preparedness and educate people about what money really is all with one coin.

We do this from a stand of morality based on our 4 guiding directions on the front of the coins, honor, courage, strength and knowledge.

Honor – Dictates that we think of our children and that we don’t abuse our strength on those weaker then us

Strength – Is necessary so that we can stand in the face of adversity be it physical, financial or the strength of being prepared

Courage – Combined with honor allows us to act as we know we should, focusing on solutions vs. complaining about problems

Knowledge – Is our true power, our guiding force of the other tenets and something we must always continue seeking if we are to be honorable, strong and courageous as a community.

Join us today as we discuss…

  • Lessons from the failed “Liberty Dollar”, what not to do
  • Why AOCS is different
  • Why copper, isn’t gold and silver enough
  • The difference between and intrinsic and a market value
  • What spot prices are, what they are not
  • How to find merchants that take AOCS currency
  • Developing your own barter systems
  • Spreading the TSP message at a buck a shot
  • Why we need Americans to become educated about monetary policy
  • The difference between competitive vs. replacement currencies
  • What the word voluntary actually means and why it matters
  • Why the larger the internal economy the less the exchange rate matters
  • Solutions vs. complaints
  • The beta launch of www.trtam.com (The Real Truth About Money)

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.

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Episode-545- Five More Lies that Attack Individual Freedom and Liberty

Posted on November 4, 2010 by Modern Survival| 5 Comments
Episode-545- Five More Lies that Attack Individual Freedom and Liberty [ 54:48 ] Play Now | Play in Popup | Download

Today’s show expands on yesterday’s and gives you five more lies that most American’s believe to be true. No conspiracy theories or tin foil hat concepts here. This stuff is all wide open and easy to verify as fact by reading simple history and looking at current realities.  Again think about the fact that this show was done in advance of the economic recession.  Before the election of Barack Obama and the fully commanding take over of the House and Senate by the democrats.

At the time I did this show the Dow Jones was still hovering around 12,000 and was a few weeks away from the massive October crash and later the February of 09 cliff dive.   There were no Tea Parties, the unemployment rate was about 5.5%.  People like me at that time were being publicly called nuts for saying that now was the time to protect yourself and that bad times were on the way.

Sorry for the background noise in today’s show, while I think the audio is over all much better my mobile studio seemed to attract every semi truck on the highway on that day.

Tune in today to get my thoughts on,

  • The lie that the “governments role is to solve the problems of the people”
  • How ridiculous the concept of a “government that would solve individual problems” would be in a discussion among the Founding Fathers
  • The lie that “America is the freest nation in the world”
  • One thing that you can do in many countries that will get you arrested at gun point in America
  • The lie that we need to “spend more on national defense”
  • The fact that the U.S. spends more money on our military then the combined military budgets of every other nation in the world combined
  • The reality that the U.S. economic system is now best defined as fascist
  • The lie that it is “normal for the price of goods and cost of living to continually rise over time”
  • The effect of having a false paper currency backed by nothing and what a 1935 silver quarter still buys today
  • The lie that “politicians should be experienced”
  • How a government of “career politicians” have destroyed our freedom, yet not had to live with the consequences of their decisions as private citizens
  • Why a Kansas farmer, Texas rough necker or Detroit auto worker would all be better as our senators then the people we have in office today

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.

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Episode-540- Owning Silver, Gold and Other Metals

Posted on October 28, 2010 by Modern Survival| 27 Comments
Episode-540- Owning Silver, Gold and Other Metals [ 1:14:44 ] Play Now | Play in Popup | Download

Today we are going to look at various forms of holding metals as a hedge against other investments.   Many times metals are considered a hedge against inflation.  They certainly can be such but I find that to be to limiting.  Metals can do well in an up economy or a down economy and they can also at times go flat and down, they are only one piece of your investments but a critical one you need to get right.  Today we will also look at metals beyond gold and silver, such as rare earth and even base metals.

Join me today as we discuss…

  • The simple case of the 1964 quarter
  • What is a “spot price”
  • Why metals always sell above spot especially in a refined form
  • Common forms of physical silver and gold
    • Investment bullion
    • “Coin” and “junk”
    • ETFs
    • Mining Stocks
  • Jewelry as an investment
    • Silver (look for STERLING, STER or .925) – 6 Nickles
    • Gold Percentages
      • 8K is .333
      • 10K is .416 – .417
      • 14K is .583 -.585
      • 18K is .750
      • 22K is .916
    • Avoid Gold marked in this manner
      • 1/20 14K
      • 14K P
      • 14K HGEP
      • 14K EP
      • 14K GF
  • Other Metals to consider
    • Platinum
    • Palladium
    • Tantalum
    • Copper
    • Lithium
  • Consider you use metals to provide insurance for
    • Hyper inflation
    • Typical inflation
    • Total collapse
    • Successful Economies
  • Metals
    • Most large dealers are safe to buy from
    • eBay is safe if you stick to established sellers or small buys
    • Coin shops are good to buy from with cash anonymously
    • ETF and paper assets can be bought with an online brokerage account
    • Jewelry is best bought from individuals not shops, flea markets, pawn shops
  • Storing your physical metals
    • Safe deposit boxes (good, bad and ugly)
    • Home safes and fire boxes
    • Private storage facilities
    • Free Lakota Silver Bank
    • Wearing some on your person

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.

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Episode-539- A New Understanding of Money – Part Two

Posted on October 27, 2010 by Modern Survival| 21 Comments
Episode-539- A New Understanding of Money - Part Two [ 1:23:12 ] Play Now | Play in Popup | Download

Today we shall continue with Part Two of  “A New Understanding of Money”.  This subject is deep and complex yet once we peal back the layers it is remarkably simple.  Yesterdays show set up the fundamental underlying knowledge necessary to comprehend the real mess that has been made of our monetary system.

Today we will learn about the way our money is supposed to be created and managed and the common misconceptions about gold and currency in relation to the United States dollar.  We will build a fictional currency of our own to work in a barter economy, this will be like studying Latin to actually understand the structure of English but a lot more entertaining.

When you finish with today’s show and add it to yesterday’s you will know more about our currency than 99% of Americans with Bachelors Degrees.    Indeed you will know more about what really maters then may with degrees in economics and finance.

Join me today to learn…

  • The real issue is the private control of public money
    • Money creation and control is one of the Federal Governments few assigned constitutional roles
    • Why the House should be the most powerful force in government
    • Why the House was designed to be subject to the will of the people
    • How the Senate is supposed to be a “States check” on the House
    • More to 1913 then just the Federal Reserve
    • To correct the system Congress must retake control of the creation of money
  • What is money really?
  • Creating a barter currency to understand reality
  • Requirements for a functional currency
    • Total quantity must be limited
    • Expansion of the supply must be possible
    • Durable
    • Divisible
    • Backed by an intrinsic value
    • Have greater face value then its physical worth
    • Difficult or impractical to counterfeit
    • Able to be exchanged for goods and or services
    • Convertible into external currencies (useful outside its internal economy)
    • Have the confidence of its users
  • Fixing our current monetary system
    • A gold standard alone is not the answer, perhaps no answer at all
    • How moving both to and from gold have both been used to steal public wealth
    • What do we really need our currency to do and what value should it reflect
  • What you can do for yourself and your nation
    • Be an informed, educated and polite evangelist
    • Understand the money supply is not about politics
    • Accept that the current system will change but that we can’t know how
    • Exist outside the system where you can
    • Base your personal economy on value

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.

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Episode-445- Listener Feedback 6-1-10

Posted on June 1, 2010 by Modern Survival| 9 Comments
Episode-445- Listener Feedback 6-1-10 [ 1:05:30 ] Play Now | Play in Popup | Download

I  hope everyone had a good holiday and took some time to relax with family and friends.  I also hope everyone took a brief moment at least to be thankful for the sacrifices that Memorial Day represents.  I am back from the Arkansas BOL with another round of your questions, feedback and commentary.

Join me today as we discuss…

  • Why do I believe a U.S. economic collapse won’t result in a total TEOTWAWKI
  • Why do I say a ROTH IRA always wins over a conventional IRA
  • What is the easiest way to sight in a new scoped rifle
  • Why do I spend a lot more time talking about silver than gold
  • Is gold used as currency/barter right now, it is in India
  • Nothing like the Gulf Oil Disaster has happened before, OR HAS IT?
  • Why is the government REALLY interested in getting maximum census participation?

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.

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Episode-440- Expanding Your Financial IQ – Part 2

Posted on May 21, 2010 by Modern Survival| 6 Comments
Episode-440- Expanding Your Financial IQ - Part 2 [ 0:01 ] Play Now | Play in Popup | Download

I decided we should extend from yesterday’s show about investing.  The harsh reality is we are bombarded by financial terms in news and media every day.  Often this is done as a type of class warfare that is totally lost on most of the population.  Such as blaming the woes of the stock market on “naked short selling”.  At times such statements are at least partially true at others they are totally false.  Yet one thing is clear, 90% of the sheep that are all pissed off at the “naked short sellers” have no idea what short selling is, how it works, what it does, the risks involved, etc.  They also have zero idea what it means to be “naked” on a short sale, the reason shot selling exists or how they can go short sell if they want to as well.

This is just one more component of the dumbing down of America.  The media uses terms in a positive or a negative light but makes no attempt to explain them to a population they know very well doesn’t understand them.  Hence people take a positive view of terms like “reform” and negative views of terms like “shorting” but they don’t really know what the terms mean at all.  My view is form your own opinion, control your own money, etc. but don’t form opinions based on another person’s view of a word you don’t even truly understand.

Join me today as we discuss…

  • What is a put (aka a short)
  • What is a call
  • What does it mean when you are “naked” in an option
  • What is a derivative
  • What is a P/E Ratio
  • What is a dividend
  • What is a DRIP
  • What are Class A, B and C shares in your mutual funds
  • What is an annuity

My goal in today’s show is simply to improve your financial understanding and vocabulary.  I know some may not see this as a true “survival topic”.  Yet given the current state of the U.S. and Global economies and the risk posed by any level of economic collapse understanding money may be one of the most important components of your future survival.

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.

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