Key
takeaway - gold is building a base that will likely
culminate in new record prices, from $2,000 - $5,000
and under extreme conditions, $10,000+.
Part
I. of the talk includes key topics: PMs, US Equities
Bear Market, Crude Oil and general commentary on
the US economy.
The
guest / host outline their thoughts on how to "Make
America Great Again," via a coordinated revamp
of the current tax structure and encouraging private
charities.
The
design set forth by the original Scottish Church
charities for widows / orphans over 250 years ago,
remains a most productive charitable system.
Part
II of the discussion involves an in-depth debate
on the merits / challenges facing cryptocurrency
market investors, slated for next week.
Our guest notes that gold reached a bear market
nadir in 2015 and is building a base for a new bull
run.
Conversely,
the US equities market could be entering bear market
territory.
Given
that an economic downturn is overdue by several
years, both the guest and host concur, 2019 will
likely register two quarters of declining US GDP.
2019
could register the first
official recession in one decade.
The
big wild card remains the upcoming G-20 showdown
between the US POTUS and China’s Jinping.
The
G-20 summit takes place in Argentina, where leaders
will negotiate to resolve trade tensions.
The
United States could tariffs on 25 percent on $200
billion of Chinese imports on Jan. 1 from 10 percent
currently, unless U.S. concerns are resolved at
the summit.
China,
a large gold buyer, has suffered economically from
tariffs, in particular industrial manufacturers
and suppliers.
Whereas
US pundits note that the balance of power in the
trading arena has been so skewed against the US
for so many decades that tariffs might be necessary.
Market
watchers hope for improved relations between the
two global economic superpowers, which would likely
put a floor under equities.
Investors
continue to pour funds into the The SPDR Gold ETF
(GLD) as a hedge against what could be a new bear
theme in US equities.
GLD
has seen a surge in assets over the last month;
the largest gold ETF received $600 million, a sizable
one month increase.
GLD
ETF
recorded big interest from investors in October
due to rising market volatility, with $472.3 million
in inflows for the calendar month.
The
Fed is approaching the end of its rate tightening
cycle, with the ECB announcing plans to begin quantitative
tightening.
Many
markets
priced to near perfection for at least 12 months,
against the backdrop of employment and inflation
at multi-decade lows.
Today
the Fed Chairman Powell gave a key speech on the
latest FOMC meeting minutes.
Current
FFF contracts at the CBOE indicate Fed policymakers
will hike rates once more this year, next month
and at least 3 three more hikes in 2019.
The
PMs markets could receive trillions of dollar from
pensions funds that have less than a fraction of
one percent in the yellow metal
Nick Barisheff of Bullion Management Group is recovering
from an illness; please forward get-well messages
to Marty, M.Nicandro@bmg-group.com.
In
Part I. of this discussion with Bob Hoye of Institutional
Advisors includes a startling sea change in
attitude towards the PMs sector.
After
years of bearishness, Bob Hoye announced the potential
for an epic GOLD RUSH on the horizon in the PMs
sector, in particular, the mining shares.
Lower
expenses and deflation in typical shares enhance
their appeal of PMs equities to the benefit of shareholders.
Today,
$300,000 could soon be required to purchase a $3
loaf of bread, just 2 years earlier and a gold
coin $120,000,000 or $120 million!
Parallels
are drawn between the numerous inflationary fiasco's
from the genesis of civilization until today, including
Ancient Greece, Rome, China.
100 years of inflation occurred during the 1700's
in France, perhaps best illustrated by the easy
to read, Fiat
Money Inflation in France (White, 1876),
In
the last century, hyperinflation ravaged the economies
throughout Europe as well as Zimbabwe.
Today
Venezuela is unraveling amid runaway inflation,
and Argentina is on the cusp of hyperinflation at
32%, while Brazil is on the inflation watchlist.
Just
as gold and silver shielded purchasing power millennia
hence, the perfect panacea for hyperinflation today
remains PMs investments.
This
brief paper outlines an economical solution to the
perennial inferno-problem plaguing California, resulting
in tragic-fatalities and billions of dollars in
property damages.
While
the valiant efforts of fire fighters improved conditions,
still approximately 100 lives and 12,000 structures
were lost in the November 2018 Paradise CA blaze.
The research suggests that a fail-safe option could
significantly improve conventional fire fighting
methods. The
$729 Firezat home shield represents
an inexpensive, practical
and mobile neighborhood fire-defense of last resort.
$729
Neighborhood
Fire Shield
Introduction
The
2018 California infernos were the most devastating
on record, registering "National Disaster, status."
In Paradise CA alone, over 10,000 homes and 12,000
structures were lost, virtually the entire town. An
earlier 2018 blaze in Redding CA resulted in hundreds
of lost homes, many tragic fatalities and 300,000
evacuations. While some pundits blamed inadequate
water resources as a key issue in combating the wild
fires, local authorities countered
that ample water was available. The more likely culprits
cited were: arid conditions, foliage overgrowth and
urban sprawl in remote fire-prone forest regions.
While
the valiant efforts of fire fighters saved numerous
lives, over 12,000 structures were still lost (figure
1.1.). Although home insurance is a relief for some
victims, delays in payouts and difficulty finding
temporary dwellings can be devastating. In addition,
jobs losses magnify distress; temporary living arrangements
tend to be a haven for nasty viruses and bacterial
infections, a key factor for seniors and those with
distressed immune responses. Stories continue to emerge
of formerly wealthy families who lost thousands and
even millions in cash / jewelry / bullion / artwork,
most of which was not coverable by typical insurance
policies. Clearly a fail-safe option is required to
assist conventional fire fighting methods. At the
heart of this simple proposal, the inexpensive Firezat
shield represents a remarkable product that has proven
its worth through the years by forest management and
fire fighting professionals.
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Guest
Bios
Bob
Hoye
Institutional
Investors
With
a degree in geophysics and a number
of fascinating summers in mining exploration,
one winter in "the bush"
quickly led Bob into the financial
markets. This included experience
on the trading desk and in the research
department of a large investment dealer,
which led to institutional stock and
bond sales.
Bob's
review of financial history provided
the forecasting models designed to
anticipate significant trend reversals
in the sometimes alarming volatility
typical of the transition from rampant
speculation in tangible assets to
fabulous speculation in financial
assets.
In
anticipation of the latter opportunity,
a monthly publication for financial
institutions was started in January
1982.
This
competently covered the stock market,
the yield curve, credit spreads as
well as metal and energy prices.
In
1998 the Institutional Advisors website
was started as a forum for unique
and reliable financial research.
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."
Blockchain
Conservation Imitative - Proof of Safe Tusk (PoST)
The
host proposes a blockchain based, conservation effort
(PDF
Paper) to bring a stop to the cruel and unnecessary
ivory trade - if you know someone who would like
to get involved and or support the effort, contact
Chris at gsr@hughes.net.
Alasdair MacLeod & Chris Waltzek Ph.D. -
November 22nd, 2018. 
Bill
Murphy & Chris Waltzek
Ph.D. - November 15th, 2018.
Andy Schectman & Chris Waltzek Ph.D.
- February 31st, 2018.
President
Niko Cacos, CEO, and Director of 
CEO
Joseph Grosso & VP Brian McEwen, & Chris
Waltzek Ph.D. - October 11, 2018.
