Tue, 16 April 2013
www.FinancialSurvivalNetwork.com presents
Ross Hansen owns the largest private mint in North America, Northwest Territorial Mint. He's been involved in the precious metals trade for decades. Unlike many, he doesn't see any conspiracies or nefarious plots slamming down the precious metals prices. Rather, he believes the latest decline was caused by the wholesale exit of hedge funds from the gold/silver markets. This is actually a healthy development for the. In addition, he sees no widespread shortages of product. Rather, there are select shortages in certain products, such as 90 percent junk and 1 ounce rounds. Ross owns several silver mines, so he understands the underlying markets. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets
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Tue, 16 April 2013
www.FinancialSurvivalNetwork.com presents The banks are at it again, now we're seeing the 97 month auto loan, guaranteed that your loan will outlive your auto. The Fed and the government seems to believe that as long as there's another loan available, then everything will be fine. Lending standards for credit cards, auto loans and mortgages have intentioally been decreased and we're going to suffer the results. Credit will not increase liquidity. This is leading to repatriation of wealth to dollars, even at the expense of gold and silver. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets
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Tue, 16 April 2013
www.FinancialSurvivalNetwork.com presents That sucking sound you heard yesterday is the sound of gold going from weak hands to strong hands. Byron believes that your golden insurance policy is still sound. Which means if you're a small investor, hold on to your metal, don't get rattled and do not give in to fear. He also thinks that the current decline will help feed a takeover boom, where the major miners take over high quality juniors . This could spell the end of the TSX-V junior miner's depression as well. Gold is reacting well today, the day after the major crash. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets
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Tue, 16 April 2013
www.FinancialSurvivalNetwork.com presents CPM Group's Jeffrey Christian joined us today. He gave his opinion on why the gold and silver markets experienced such a violent crash, losing so much of their value in just two days. Jeff believes that it's simple supply and demand factors kicked in and that the decline was long overdue. He believes that the metals could shortly bounce back to around $1400, stay in this range for quite a while and eventually reach new nominal highs again by 2020, although he's not issuing any buy recommendations at this time. While he doesn't think that the metals were in bubble territory, the smash down has taken out the remaining weak holders and it paves the way for a recovery at some point in the future. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets
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Tue, 16 April 2013
www.FinancialSurvivalNetwork.com presents John Manfreda of www.wallstformainst.com joined us for an update of the precious metals market crash. We discussed the anomalous market behavior leading up to the crash, where the metals are heading and what you need to do to be prepared. Well worth the listen. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious markets
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