Bill
Murphy of GATA.org
returns with his perspective on the PMs sector.
Savvy
central banks around the globe recognize the
strategic significance of bullion as sound money
as seen by the continuing trend of PMs accumulation.
Russia
recently added several tons of 70 lbs. silver
bars to the national stockpile, setting a new
precedent.
The
silver bullion market is vulnerable to a short-squeeze,
merely one billionaire could corner the silver
market - according to Forbes, there are currently
1,425 billionaires, worldwide.
As
demand for high capacity battery power increases,
due in part to electric cars / trucks, etc.,
silver demand will likely soar beyond current
forecasts.
While
investors focus on Bitcoin / Altcoins, few realize
that without significant silver based electronics,
many electronic activities and devices would
be impossible.
Current
official figures indicate that there is considerably
more gold in above ground reserves than silver.
Silver
investment supply is more rare than gold on
a purely investment basis, despite the fact
that gold is 80 times more costly!
37
US states have passed legislation to restore
gold / silver to the that status outlined by
the national founders, as Constitutional money,
including the latest, Wyoming and Alabama.
The
trend in gold repatriation continues unabated
- Hungary is the latest nation to demand the
return of its sovereign gold stockpile.
Hungarian
officials are following the precedent of Austria,
Netherlands, Germany, and Venezuela, perhaps
on fears of rehypothecation exposure.
Max
and Stacy visit scenic Puerto Rico, attending
3 crypto conferences (figure 1.1.).
Our
guest graciously gifted hurricane
relief in Puerto Rico via donations
/ contributions to help locals rebuild
in the wake of the island's most devastating
hurricane.
Peter
Schiff expects gold and silver to experience
a renaissance in 2018.
While
gold remains the de facto safe haven asset,
Bitcoin has competing aspects that are
particularly appealing during political
turmoil.
Political
refugees can simply memorize their Bitcoin private
key and relocate to asylum without fear of confiscation
or risk abandoning large assets.
Goldman
Sachs recently launched a Bitcoin trading desk
and announced plans for institutional custodial
services, integral to directing hundreds of
billions of dollars from deep pockets.
2018
will mark the genesis of custodial access to
Bitcoin and related coins, which could be an
exciting time for investors.
The
relatively tiny $500 billion crypto market seeks
to match the $8 trillion PMs sector (figure
1.1.).
Back
of the envelope analysis suggests that Bitcoin
could run to $100,000+ on institutional interest
alone by 2020, which mirrors several predictions
of top analysts.
Crypto
assets represent a significant improvement over
fiat money via: decentralization, virtually
free transactions and anonymity.
Bitcoin is essentially a top of the line, highly
useful Swiss Army knife / Samurai sword combo,
compared to a fiat money, dime store pocket
knife.
Similar
to gold, Bitcoin "Hodled", making
the currency even more scarce.
Bitcoin
resembles the technological revolution of the
VCR, DVD, DVR, ROKU and Firestik.
Such
revolutions did not enhance the movie theater
experience but enhanced it, the genesis of vast
new marketspaces and utility for aficionados.
Cryptocurrencies are the natural evolution of
money, the perfect amalgamation of digital efficiency,
software flexibility, fiat convenience, and
gold-like consensus.
Teeka
Tiwari posits why even professional investors
are perplexed by the seemingly inexplicable
rise from sub $0.001 Bitcoin to $10,000+.
Bitcoin represents the first time in modern
financial history where the small investor on
Main Street had access to entry level investments,
typically reserved for Wall Street.
Most
securities / shares are underwritten by Wall
Street, where early adopters received shares
at fire sale prices, such as $.01 (figure 1.1.).
The
case for government shutdown of Bitcoin has
proven frivolous - S. Korean officials were
forced to overturn anti-Bitcoin rules as defiant
Bitcoin users stormed the streets in protest.
Given
that the SEC, IRS and CFTC each have a different
designation for Bitcoin, asset / security /
commodity, regulators are stymied to define
the asset.
Each time a nation has attempted to shut down
the internet, the backbone of cryptos, the backlash
was so intense that policymakers were forced
to capitulate.
Just
as "Rock 'n Roll is here to stay,"
like it or not, leaders are advised to embrace,
not fight the crypto movement.
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Guest
Bios
Bill
Murphy
GATA.org
Bill
Murphy, GATA Chairman
Murphy grew up in Glen Ridge, N.J.,
and graduated from the School of Hotel
Administration at Cornell University
in 1968. In his senior year he broke
all the Ivy League single-year pass-receving
records. He then became a starting
wide receiver for the Boston Patriots
of the American Football League. He
went on to work for various Wall Street
brokerage firms and specialized in
commodity futures. He began as a Merrill
Lynch trainee and went on to Shearson
Hayden Stone and Drexel Burnham. From
there he became affiliated with introducing
brokers and eventually started his
own brokerage on 5th Avenue in New
York. He now operates an Internet
site for financial commentary, www.lemetropolecafe.com.
Peter
Schiff President & Chief Global Strategist
Peter is one of the few investment advisors to have
correctly called the current bear market before it
began and to have positioned his clients accordingly.
As a result of his accurate forecasts of the mortgage
meltdown, credit crunch, and decoupling of commodities,
precious metals, and foreign markets from the U.S.
Dollar, he has become a sought-after economic commentator
on a range of investment topics. Peter delivers lectures
at major economic and investment conferences, and
is quoted often in the print media, including the
Wall Street Journal, New York Times, L.A. Times, Barron’s,
BusinessWeek, Time and Fortune. His broadcast credits
include regular guest appearances on CNBC, Fox Business,
CNN, MSNBC, and Fox News Channel, as well as hosting
a weekly radio show. As an author, he has written
four best-selling books, including his latest: "
Crash Proof 2.0: How to Profit from the Economic Collapse"
and "How an Economy Grows and Why It Crashes."
Top
Wall
Street
Chartered
Technical
Analyst
(CTA),
Ralph
Acampora
of
Altaira
Wealth
Management,revered
as
"A
Professor
of
Technical
Analysis,"
returns.
Arch
Crawford
&
Chris
Waltzek
Ph.D.
-
March
7th,
2018.
CEO
Thomas
Coughlin
the
founder
of
Kinesis
as
well
as,
Andrew
Maguire,
return
with
part
two
of
this
epic-exclusive
Goldseek
conference
call,
simultaneously
on
three
continents.
Lior
Gantz
&
Chris
Waltzek
Ph.D.
-
March
1st,
2018.
Andy
Schectman
of
Miles
Franklin
Institute
is
partnering
with
Sprott
Asset
Management
on
a
physical
gold
backed,
distributed
ledger
with
bullion
held
at
the
Royal
Canadian
Mint.
Peter
Grandich
&
Chris
Waltzek
Ph.D.
-
February
14th,
2018.
Chris
Blasi,
President
of
Neptune
Global
LLC
underscores
gold's
4000
year
track
record
as
sound
money,
noting
further
that
the
year
2000
gold
bull
market
is
still
underway.
Nick
Barisheff
&
Chris
Waltzek
Ph.D.
-
February
8th,
2018.
Economist
Professor
Laurence
Kotlikoff,
returns
with
positive
insights
on
the
PMs
sector
noting
that
investors
should
consider
increasing
their
PMs
stockpile.
CEO
Thomas
Coughlin,
Andrew
Maguire,
join
the
show
in
an
epic-exclusive
Goldseek.com
Radio
conference
call
that
takes
place
simultaneously
on
three
continents.
Dr.
Marc
Faber
&
Chris
Waltzek
-
January
17,
2018.
Richard
Daughty, "the angriest guy in economics,”
writer/publisher of The Mogambo Guru
economic newsletter says the stock /
bond markets are approaching bubble
territory.
Bob Hoye & Chris Waltzek Ph.D.
- December 20th, 2017.
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Gerald
Celente
&
Chris
G.
Waltzek
Ph.D.
-
March
15,
2018.
Andy
Schectman
&
Chris
Waltzek
Ph.D.
-
February
22nd,
2018.**
Dr.
Marc
Faber
&
Chris
Waltzek
-
January
17,
2018.
Spectiv
CEO Dylan Senter,
Nick &
Chris Waltzek
Ph.D. - December
28th, 2017.
Charles
Hughes Smith & Chris Waltzek Ph.D.
- Dec. 13th, 2015.
