Palisades Gold Radio is the largest online discussion platform for junior mining globally. Each week, host Collin Kettell interviews top experts in the energy and mining space to discuss macro trends and identify strong investment ideas. With over 1,000,000 views in just three years and videos viewed from over 150 countries around the world, Palisades Gold Radio is the best place for top quality mining content. Guests have included Robert Kiyosaki, Don Coxe, Rick Rule, Eric Sprott, Doug Casey, Frank Holmes, Marc Faber, Jim Rogers, and much more. Visit us at www.palisadesradio.ca
Alasdair Macleod: EU Banking System Imploding
Tom welcomes a new guest to the show, Alasdair Macleod. Alasdair is the Head of Research for Goldmoney and an advocate for sound money.
Alasdair discusses the recent price action with gold and how it is typical for it to fall in November near the end of the option cycle. It often rebounds in December, which seasonally speaking is an excellent time to get into gold. He expects an exciting market going into 2021, especially when considering the economic environment.
The dollar is looking very weak, and the yield on the ten-year is rising. Alasdair believes there is no shortage of US dollars in foreign markets. Companies that should have failed years ago need to go bust so we can move ahead. However, the last thing Central Banks and Politicians want is failures on their watch.
He outlines how the Target Two settlement system works between countries in Europe and the ECB. Italy has been using a lot of non-performing loans as collateral by dumping these into Target Two. These non-performing loans are creating huge imbalances across the EU and are not sustainable. The banks are bust in the Eurozone, and it's only a matter of time. He is concerned about the possibility of Central Bank digital currencies and the potential loss of freedom.
Central Banks hide what inflation is by relying on some metrics they control. This way, they can inflate the money supply as they wish. They are just impoverishing everyone who is not in government.
He says, "We are on a hyperinflationary course, and there is no exit. No politician is strong enough to change this direction."
At some point, they will be forced to back their currencies with gold, or they will become worthless. Any government that relies on printing money to finance it's deficits will destroy it's currency.
If you look at the whole range of commodities and raw materials, you will see that they have gone up along with most markets. We have inflation across most assets, and that is due to excessive money printing.
Lastly, he discusses the benefits of silver in a future monetary standard.
Talking Points From This Episode
* November Gold Price Action* Coming EU Bank Crisis* Historic Fiat Collapses* Golds Purchasing Power
Time Stamp References:0:00 - Intro1:00 - Recent Price Action13:50 - EU Banking Problems20:47 - Defining Inflation23:44 - Government Debt Trap28:30 - A New Gold Standard?31:10 - Historic Comparisons41:05 - Golds Purchasing Power49:06 - Fiat Implosion & Crypto56:05 - The Role of Silver
Guest Links:Twitter: https://twitter.com/MacleodFinanceWebsite: https://goldmoney.com
Alasdair Macleod is Head of Research for GoldMoney. He is an educator and advocate for sound money thru demystifying finance and economics. His background includes being a stockbroker, banker, and economist.
Alasdair Macleod started his career as a stockbroker in 1970 on the London Stock Exchange. Within nine years, he had risen to become senior partner of his firm.
Subsequently, he held positions at director level in investment management and worked as a mutual fund manager. Mr. Macleod also worked at a bank in Guernsey as an executive director.
For most of his 40 years in the finance industry, he has been demystifying macro-economic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in laym...
Bill Haynes: The Runaway Gold Market
Tom welcomes a new guest to the show, Bill Haynes, the owner and President of CMI Gold & Silver. Bill discussed his early career as a stockbroker in the 70s and what led him to start his bullion business in 1973.
He discusses some of the significant events that happened with gold during his career and the results of Nixon closing the gold window.
Bill believes that gold could reach 4 or 5 thousand in the next couple of years. He says, "People need to buy gold before it gets too expensive."
He discusses the Fed and treasury and how the bond market works. The massive debt binging under the Trump administration has resulted in seven trillion being added to the national debt. He sees this likely to increase under Biden.
Bill's book "The Last Gold Rush Ever" discusses the idea of a runaway gold market and a final rush into gold before it goes mainstream and becomes an established item in every investor's portfolio.
He discusses "The War on Cash" and how we are entering into banana republic levels of money printing. He says, "We're overextended, and the military drain on the US economy continues to be massive."
In a crisis, silver would become the money of everyday use while gold would facilitate larger transactions.
There is a risk of confiscation, but not in the immediate future. Today, everyone measures wealth in dollars, and there could come a time when wealth is again measured against ounces.
He cautions investors not to buy numismatic collectible coins because the premiums are too high, and usually, investors don't get that premium back when they sell. You want to buy coins that bring you the most metal for dollar outlay.
Talking Points From This Episode
* Bill's Background & Business* His Expectations for Gold* "The Last Gold Rush Ever"* Silver vs. Gold & Confiscation Risk
Time Stamp References:0:00 - Intro1:02 - The Early 70s2:20 - Gold Business Events3:49 - Money Printing & Debt4:42 - Runaway Gold Market7:06 - Last Gold Rush Ever8:51 - Gold Vs. Silver10:16 - Confiscation Risks12:15 - Swapping Gold/Silver14:39 - Investor Activity17:04 - Mainstream Interest17:31 - Numismatic Hype
Guest Links:Website: https://www.cmi-gold-silver.com/Twitter: https://twitter.com/CMIgoldsilverAmazon Book: https://tinyurl.com/y56cvuv5
A graduate of the University of Colorado, Bill Haynes has been 50 years in the investment world, with 45 years as a precious metals bullion dealer. He has headed CMI Gold & Silver since 1973.
Reading Bill's blog posts and CMI Gold & Silver's website, you will quickly learn that he has remained faithful to gold and silver bullion as the best form of protection against currency debasement. Never once promoting high-priced collectible coins that offer much greater profits to dealers but less protection to buyers.
Bill's Myths, Misunderstandings, and Outright Lies, a warning about the dangers of collectible and numismatic coins, has achieved legendary status among gold and silver investors. No first-time investor should write a check for numismatic or collectibles coins without first reading it.
With massive inflation by the Fed to finance our welfare state and foreign wars, Bill sees a greater need to own gold and silver now than any time in his 45 years as a bullion dealer. With his blog, Bill hopes to educate still more Americans about the benefits of owning gold and silver.
Steve St. Angelo: Energy Crisis to Cause Never-Ending Gold Bull
Tom welcomes a new guest to the show, Steve St. Angelo from the SRSrocco Report. Steve says, "You don't have an economy unless your burning energy. Today, we take energy for granted." For thousands of years, gold and silver represented that energy store.
Steve discusses his video "The Energy Cliff," which argues that technology itself is an energy consumer. Since GDP is directly linked to energy, there is an increasingly bad feedback cycle coming. Shale oil over the past decade has been responsible for current economic growth. This expensive and unsustainable oil source has temporarily propped up the world.
He discusses how energy returned per barrel has declined massively since the 1930s. Today, the world is consuming four barrels of oil for every new barrel discovered. Debt and low-interest rates are being used to offset this lack of energy availability.
He argues that you can't offset a decline in energy from fossil fuels with wind and solar. Alternative energy requires a lot of energy input to create those panels and turbines.
He discusses the limits of nuclear power and why he believes we will see peak gold production in the coming years.
The 2008 financial crisis and now the pandemic crisis has made people understand gold and silver. As this energy crisis worsens, more people will want to acquire precious metals. Steve argues that the next bull market in precious metals will not end. He believes the pandemic has provided us with a preview of where real estate and the economy will head.
Lastly, Steve discusses why silver will be driven by investment demand and why futures markets only work in a stable economy with stable production levels.
Talking Points From This Episode
* World Takes Energy for Granted* Energy Return on Investment* Lack of Oil Alternatives* Uranium, Gold, Silver & Futures
Time Stamp References:0:00 - Intro0:54 - Steve's Energy Thesis3:41 - Growth & Energy Cliff6:22 - Technology & EROI8:00 - Unsustainable Shale Oil9:42 - EROI Statistics12:09 - Oil Usage & Green Energy17:09 - Uranium & Nuclear19:24 - Peak Gold Production?22:50 - Oil & Metal Price Trends25:20 - Next Gold Bull Won't End27:20 - Thermodynamic Economy34:30 - Why Silver is Undervalued36:25 - Investment Demand37:22 - Technicals39:51 - Futures Contracts43:00 - Bitcoin & Energy
Guest Links:Website: https://srsroccoreport.com/Twitter: https://twitter.com/SRSroccoReportYouTube: https://www.youtube.com/channel/UCED7G7CZfqdSV9zttlr1M_g
Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on, in 2008, he began researching areas of the gold and silver market that, curiously, most of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy.
Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles on some of the top precious metals and financial websites.
You can find many of Steve's articles on noteworthy sites, such as GoldSeek-SilverSeek, Market Oracle, Financial Sense, GoldSilver.com, SilverDoctors, TFMetals Report, Outsiderclub, SGTreport, BrotherJohnF, Hartgeld, Der-Klare-Blick, PeakProsperity, SilverStrategies, DollarCollapse, FurtureMoneyTrends, Sharpspixley,
David Kranzler: Gold Price Signaling Imminent Stimulus
Tom welcomes David Kranzler of Investment Research Dynamics back to the show. David discusses how banks like JP Morgan leverage commodity market options via manipulating prices via massive amounts of paper contracts. This manipulation is a source of massive profits for these bullion banks and is permitted because it benefits Central Banks. These shock and awe hits to the market are designed to shake out weak participants.
There are indications that a larger population of retail investors are looking to take physical delivery. However, many Comex deliveries remain on the exchange for safekeeping. The Comex encourages this by charging lower fees for storage than other vault services. If a run on those stored bars was to occur, there could be a default.
David outlines how the miners are cheaper now than at any point in the last twenty years. For example, the HUI index should be much higher based on the price gold has reached.
David discusses what he defines as a junior mining company. Large-cap companies are waiting until the last minute to decide who they should buy. A lot of these junior companies with good prospects will be taken over by the majors.
Time Stamp References:0:00 - Intro0:57 - Options and Gold6:36 - Comex Deliveries11:45 - Who is taking delivery?15:00 - Run on the Comex17:42 - Gold Hypothecation20:24 - Manipulation28:50 - Gold Price and Central Banks31:49 - Stimulus and Gold Higher?36:00 - Junior Miners41:53 - Takeover Targets44:09 - Junior Considerations45:58 - Economy is Weak
Talking Points From This Episode
* Comex Delivery and Manipulation* How the Manipulation works.* Central Bank Involvement.* Juniors Explorers and Takeovers.
Guest Links:Twitter: https://twitter.com/InvResDynamicsWebsite: https://investmentresearchdynamics.comNewsletter: https://investmentresearchdynamics.com/mining-stock-journal
David Kranzler spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, he traded junk bonds for Bankers Trust. Dave earned a master's degree in business administration from the University of Chicago, concentrating on accounting and finance. He writes a blog to help people understand and analyze what is going on in our financial system and economy.
Jon Case: Monetary Expansion Yielding Diminishing Returns
Tom welcomes a new guest to the show, Jon Case of CI Global Asset Management. Jon is the lead manager of the Sentry Canadian Resource Class and Precious Metals Fund.
Jon discusses the massive money printing and stimulus that has, in many cases, increased household income. Further stimulus will likely be required to help heal the economy. He expects the pace of the recovery to be relatively slow.
With every central banking printing, we are going to continue to see asset prices inflate. Eventually, all that debt will result in a day of reckoning but exactly when that occurs is uncertain.
He discusses the Fed's problem of encouraging inflation and why they have been unable to overcome the collapse in money velocity. He sees the role of government, central banks, and policymakers beginning to blur. Expect further direct government intervention to the consumer. The result of all this will be an environment very friendly to gold.
The US Debt to GDP levels has risen this year to uncharted territory. We weren't expecting these levels for another four or five years.
Jon says, "The lenders are the ones that are losing the most in this environment. The biggest suckers today at the table are those that are lending to government at thirty-year rates."
The biggest risk to the dollar and fiat currencies today might be digital currencies. Central banks are worried about being left behind by innovation. Money creation outside the halls of power is terrifying to governments and central banks. He discusses why the creation of a new digital currency seems likely.
Jon outlines what to look for in good mining equities. Some institutions are protecting themselves by having mining equities in their portfolios instead of just gold.
Talking Points From This Episode
* Money Printing & Stimulus* Fed's Fight for Inflation* Debt to GDP and Lending* Digital Currencies* Mining Equities & Green Energy
Time Stamp References:0:00 - Introduction0:50 - CI Global Overview1:25 - Macro Debt Picture3:36 - Market Risks & Assets5:13 - Debt, GDP, and Inflation10:10 - Asset Bubbles12:32 - Debt to GDP Ratios15:11 - Savers and Lenders18:16 - Risks to the Dollar21:28 - Gold as a hedge.22:56 - Gold Equity Factors26:25 - Dividends Growth Vs. Value29:35 - Silver Vs. Gold32:04 - Gold This Week
Guest Links:Website: https://ci.com/enTwitter: https://twitter.com/CIGlobalAssetYouTube: https://www.youtube.com/channel/UCRTib_fbSz7fspYu1hJGgIw/featuredAmazon Book (Reinhart/Rogoff): https://tinyurl.com/y3dynzhdAmazon Book (Ray Dalio): https://tinyurl.com/y2esh5z4
Jon joined Sentry in 2012 and has more than 15 years of financial industry experience. Jon is the lead manager of Sentry Canadian Resource Class and Sentry Precious Metals Fund. Before joining Sentry, Jon was a partner and precious metals equity analyst at one of the country's largest independently owned investment dealers. Jon has a Master of Finance Degree from the Rotman School of Management, University of Toronto, and a Bachelor of Commerce degree from McMaster University. He holds the Chartered Financial Analyst (CFA) designation and has been a member of the Toronto Society of Financial Analysts since 2006.
Frank Holmes: Gold and Bitcoin to the Moon
Tom welcomes back Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors.
Frank discusses why the election results and a split house may be the perfect scenario for the stock market and the ideal scenario for gold.
G20 Central bankers have been functioning as a cartel since 2008 by synchronizing taxation and regulation. Now they are playing with MMT, zero interest rates, and monetary stimulus. However, they have redefined the CPI, and today if you use the old model, inflation is running at close to eight percent. Smart people are buying real assets like art, gold, silver, mining equities, and bitcoin.
Frank discusses the PMI index and how it reflects forward industrial demand. He expects a robust economy over the next six months.
The government is spending trillions, and when that happens, gold rises dramatically. Gold could quickly go to $4000 due to the amount of debt creation. Frank points out that gold has been positive 17 years out of the last 21 and has outperformed the S&P 500 by 2.5 times.
This lockdown has brought many Millenials to invest in the more speculative side of the stock market. Many are investing in ETF's and junior stocks.
Gold stocks are showing up along with other common stocks due to their free-cash-flow. Institutions and big investors are starting to take notice.
Frank discusses the crypto markets and how Hive Blockchain is performing very well as a stock market proxy for Bitcoin and Ethereum.
Talking Points From This Episode
* Politics, Media and Sentiment* Central Banks, MMT & CPI* Money Printing and Gold to 4K* Bitcoin, Gold, and Mining Equities
Time Stamp References:0:00 - Introduction0:50 - Election Outcome1:44 - Stimulus, MMT, and equities.4:42 - Capital/Bonds Changing6:15 - PMI Index & Commodities8:26 - Debt Creation and Gold11:05 - Millenials & Liquidity13:40 - Free-Cash-Flow in Mining16:05 - Majors Going Mainstream16:40 - Euphoric Media & Markets18:42 - Royalty Companiesd22:43 - Bitcoin & Hive Blockchain26:00 - Gold & Bitcoin
Guest Links:USFunds Twitter: https://twitter.com/USFundsUSGlobal ETFs Twitter: https://twitter.com/usglobaletfsFacebook: https://www.facebook.com/pages/US-Global-Investors/77329765099Website: http://usfunds.com
Frank Holmes is the CEO and chief investment officer of U.S. Global Investors. Mr. Holmes purchased a controlling interest in U.S. Global Investors in 1989 and became the firm's chief investment officer in 1999. In 2006, Mr. Holmes was selected mining fund manager of the year by the Mining Journal, and in 2011 he was named a U.S. Metals and Mining "TopGun" by Brendan Wood International. In 2016, Mr. Holmes and portfolio manager Ralph Aldis received the award for Best Americas Based Fund Manager from the Mining Journal. He is also the co-author of The Goldwatcher: Demystifying Gold Investing. More than 30,000 subscribers follow his weekly commentary in the award-winning Investor Alert newsletter, read in over 180 countries.
Under his guidance, the company's mutual funds have received recognition from Lipper and Morningstar; two trusted independent financial authorities. In 2015, Mr. Holmes led the company into the exchange-traded fund (ETF) business with the U.S. Global Jets ETF launch, which invests in the global airline sector. In 2017, U.S. Global Investors made a strategic investment in HIVE Blockchain Technologies, listed in Toronto, and Mr.