Kerry Lutz's--Financial Survival Network

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Andrew Horowitz of the www.DisciplinedInvestor.com caught up with me today. We talked about the precious metals slam down, Apple Computer, the real inflation rate and the real economy. I emphatically made the point that precious metals is the ultimate insurance policy against reckless politicians and infinite money printing. While the government is painting rosy economic numbers, foodstamp use is burgeoning and the long term unemployment rate is increasing. So don't be fooled by the propaganda. 

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Plain and simple, no! Mike Gerhardt has lost all hope of the government getting its act together. Individuals have cut their spending and implemented budget discipline, while the government has made no such efforts. The United States needs to totally revamp the way it does business and redefine the role of government and the benefits that it can provide. Can the public be educated to understand the severity of the situation and the necessity to change? So far the answer has been no and our politicians have helped perpetrate these lies. The solution is for the people to hold their politicians accountable and force them to act. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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The Fortune list of the 100 best places to work has just been released. Google again is number 1. While some may believe that these companies are overly generous and paternalistic, the results of these companies speak for themselves. Bringing out the best in their employees is part of their mission statement. When employees are happy and fulfilled they produce their best. While there are many theories about why companies succeed and fail, the reality is that the companies that motivate their employees and work as team, produce their best results.  

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

Barry Stuppler took a few moments away from his staggering sales load to update us on the latest precious metals smack down. Barry explains that all of this has been done before. A failing fiat currency always requires the central bank to create the illusion that paper has value and metal is undesirable. Based on Barry's increased level of bullion sales, the public ain't buying it. I guess you can only be deceived so much before you wise up and do the only logical thing, which is buy gold and silver with two hands! 

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We caught up with our friend Peter Grandich today. He's as concerned about the recent precious metals smackdown as you are. He questions the volume and price action that caused these extreme price drops and believes that nothing has really changed. He urges you to keep the faith and understand that this event probably portends another worldwide economic crisis. The monetary system is less stable than ever before and the ability of governments and central banks to control events diminshing by the day. That's why you need precious metals, to insure your wealth during periods of widespread economic uncertainty. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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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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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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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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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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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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We touched base with Arch Crawford today. While we made it through March without a crash, commodities seem to be getting killed now. Gold is making new lows and the stock markets are getting hit as well. Oil has broken its key resistance point. Arch is concerned about chart formations for the rest of April and still believes that May 20 will be a very signficant date. In any event, it appears that something major is happening now and the market action is just an indicator of more important underlying issues ahead.

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Gold and silver are still getting slammed. This is leading to vast shortages of 90% junk silver as well as silver rounds and silver eagles. The same thing is going to occur in the gold market shortly as well. Right now Andy's company is having an even bigger day than on Friday. Premiums are escalating and at some point in the near future, the paper markets will cease to exist. This attack on the precious metals really reeks of desperation, especially in light of the horrible economic statistics coming from everywhere in the world. Andy's advice is to stay the course and buy no if you don't own any already. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Bill Fisher was 72 years old and he had a problem. He never saved for his retirement. But he didn't let his age get in the way. He developed a very simple, yet sophisticated strategy that enabled him to accumulate a portfolio worth over $1 million prior to his passing 18 years later. His tools for building wealth are universal. He kept working into his golden years and at one time was the oldest employee at Southwestern Bell. He invested in high yielding stocks and dividend reinvestment programs and real estate. And it all worked out in the end, just like it can for you. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Eson Crist, the author of “Holy Grail: How to Make the Universe Work for You”. His quest for the truth has led to abundant financial riches, business growth and rewarding relationships. He says he had an epiphany one night and suddenly he had the answers to life’s most puzzling questions. Of course, it took him 35 years.  Crist asserts that we have been taught incorrectly. You must be in alignment with the Universe to realize the principles of energy. Then you’ll understand how to transform a low vibe into a high vibe and recognize if your actions will lead to decay or growth. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Gold plunged $84 an ounce yesterday. Silver skidded $1.81. However, premiums on silver have gone up and shortages are cropping up all over the place. David believes that the die has been cast. Can you possibly trust any bank in this day and age?And quite clearly, this latest smash-up was obviously clearly ochestrated to great effect. In the final analysis the world will have to go back to gold and silver. Silver has always been the people's money. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Gold plunged $84 an ounce yesterday and Silver was off $1.81. We discussed this event with Ranting Andy Hoffman, whom like your host isn't terribly concerned. Everything but the Dow Jones Average is pointing to the next phase of the collapse. This slam down was just a panic reaction by the financial elites and probably the government too. This is explains why Myles Franklin had its busiest day in 24 years of doing business. Andy's advice is keep on buying. He is. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Gold plunged $84 an ounce yesterday. Silver skidded $1.81. This has a lot of die hard precious metals holders reaching for the garbage pail. However, if you need reassuring, look at the fundamentals. First, there is no recovery! It's quite obvious. Foodstamps, medicare, medicaid, disability and social security payments are all escalating. Throw in a dash of Obamacare, and the bankruptcy of the US and the Western World continues on unabated. What do you trust more, your bank account or the gold in your pocket? Because that is the real choice, and no matter how the elite tries to manipulate your perception of reality, there is no safer place to put your money. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Mickey Fulp joined us for a review of today's insane action in the precious metal markets. He was a buyer of gold yesterday and he'll be a buyer on Monday as well. Gold's price fluctuations have had absolutely no affect on his inherent distrust of the badly fractured banking system. Gold and silver are now, as they always have been, insurance policies against financial collapse. The 2008-09 collapse should have been a worldwide wake-up call, but very few people other than the Asians paid any attention. Where gold goes from here is a great question, but not really a very important one. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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How much is your college degree really worth? If you got it 32 years ago like me, it's worth much more than if you're getting it today. College tuition has increased by many times more than the real rate of inflation, let alone the phony one the government cooks up. This means that 25 years from now, at the current rate of increase, a private college degree will cost well in excess of $1 million! And there's still no guarantee that you're going to be able to get a job anyway. Add in another million if you want to attend law school or medical school and pretty soon, you're talking real money. Even though it's not quite this costly now, you need to decide if it's a luxury that you can't afford. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets

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Martin Armstrong sees an increasing level of lawlessness as government tries ever harder to keep the system going. It can't last and will eventually lead to a new currency. There is no other way. This means that your best bet for surviving the transition is gold/silver, stocks and real estate. Tangible goods are your key to survival. You need to be carefully examine your future retirement. Be sure to build relationships with health care providers. Failure to do so could leave you unable to obtain treatment.

This was lengthy interview touching upon many different areas. Our best discussion to date. Remember, government will always attempt to spend more than it takes in. Our responsibility as citizens is to prevent this natural course of events from happening again and again. 

Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets