Roger Wiegand Explains What Global Turmoil Means for Gold and Silver

March 2, 2012

Roger Wiegand explains why gold, silver, and other commodities should do well despite escalating global turmoil in the middle east.

    Mar 02, 2012 02:31 AM

    Thanks for posting this interview from California, especially for many of us that wished we could have been there but didn’t get a chance to get away that week.
    I don’t know why the Admnistration didn’t cut the yearly budget one Trillion after they increased it in 2009 by a Trillion. Seems like they keep adding to the spending baseline and never attempt to cut it. Also, there is no need for budgets with over 2000 pages of details and bills the size of books. Washington DC needs to simplify and economize and it seems that’s not in their vocabulary or within the target. More of the same seems to be the course for this fall, like Roger mentioned. Well that just spells higher prices for gold and silver next year, but sadly for the vast mojority of Americans it will mostly mean higher inflation. It seems like the voters are waiting for inflation to be published in the mass media and on TV before they admit the problem is so widespread. Too bad I think they will learn next year after the elections on how bad the debt and inflation really is.

      Mar 02, 2012 02:50 PM

      Hi James C,

      I personally think that the situation is one heck of a lot worse than just inflation.

      The fundamentals are the worst that I have ever seen them in my life!

      Big Al

      Mar 02, 2012 02:40 PM

      This is exactly what concerns me too James. Even if we took the off-balance sheet spending of the Iraq war in its early years and add it onto the deficits in 2002-2006, we never came close to cracking a $1 trillion deficit each year. An awful lot of money is going somewhere. Although, keep in mind that with war spending in the budget, and with increasing interest payments needed to fund the deficit, it would be hard to go much lower than $600 billion/year right now…still, that’s about half what this and last years’ budget deficits were. Oh well, few billion here, few billion there.

        Mar 02, 2012 02:00 PM

        Well the government said it went to bailout US companies and banks. And that they were paid back ! Fat chance about that. It was another “crisis” excuse to spend severly more in a short time and continue it on indefinitely. I wonder if the average 20 year old realizes that he will have to pay a $200k per person debt, and with compound interest, make that $400k debt in extra taxes over a couple decades. And that’s just if the spending reverses this year, which it’s not. Will we see a US default or hyperinflation in 5 years or less?

    Mar 02, 2012 02:17 AM

    for several months…..the two parties are the same…the body moves
    together….this will not change until the sheeple realize it…AND
    as many bloggers have mentioned before,,,they doubt it will change in this election cycle.

      Mar 02, 2012 02:11 AM

      see ARIZONA SHERIFF ARPAIO….(he is crazy to),but, he does have
      a team working on the documents and indicates the certificate, and
      selective service card of Obama are forgery
      I think Obama is going to have his hands full…..

        Mar 02, 2012 02:49 PM

        Hi Jerry,
        Agreed brother. I have said from the very beginning of this that he is illegitimate. I am right and will be proven right when this thing finally sees the light of day under a full and open investigation. First of all the document he produced is not a “Birth Certificate”, it was a “Certificate of live birth”, which legally, is a very different document than a birth cert, and can be generated days after a birth with little or no supporting documentation. It simply records that a live birth took place. Additionally, from very careful analysis by a number of document forensic specialist, there were noted upwards of 150 changes to the document. And this man occupies the highest and most powerful office in our country. If he does not have the requisite loyalty and allegiance to America, how can we expect him to have this country’s best interest at heart?.. Oh, that’s right, he doesn’t, my bad.

          Mar 02, 2012 02:57 PM

          The question Mr C is does he have the loyalty and allegiance that you mentioned?

          Big Al

            May 08, 2012 08:28 PM

            Amazing Kim, like the OP, I keep thinking what hpneaped to me wasn’t really attempted rape, because rape is something horrible that happens in dark alleys and I wasn’t hurt that badly, and what difference does it make, and rape is such an awful word anyway and and and Only recently did I start to consider what hpneaped to me as a man setting me up for rape. After we’d discussed my wanting to wait on having sex; after he had described how, if he wanted to rape someone and not get caught, he’d get a woman really drunk (but that would be wrong, he was quick to assure me); we went out drinking till I was too drunk to stand, and he tried to rape me when I couldn’t fight back. (And I’ve just edited that sentence twice to make it say what actually hpneaped because I wasn’t hurt, and he didn’t mean anything by it, and I’m just casting suspicion on him and and and .)I tried to write about this a while ago but the guy in question is reading my blog now, as is one of our mutual friends, and I don’t feel trying to defend myself again But he didn’t mean anything by it and he was sorry afterwards! (Yeah sorry I started screaming and crying. Because after I stopped crying, he dumped me for not having sex with him.)It’s been over 10 years. But I still can’t call it what it was.

          Mar 02, 2012 02:17 PM

          castanheiro…..thanks for the reply…
          as I said before, I think Obama will have his hands full
          but, I do not think the other party (repub) will want
          anything to do with this issue….it will come from other
          sources, which will be made to look as a non event,
          the sheeple will believe mainstream news, will not read or
          look into the matter, and it will be pushed aside again….

          Did you read the Corsi book….
          Read about court action in Georgia….
          There are a couple more…
          , there is one more that just happen yesterday
          the death of the 43 year old guy, who uncover some fact, and was
          going to report them within the week(s)(see aol yesterday)
          is now dead….
          sounds wakie,,,,but, I ‘m from the 60’s…..jfk , robert, mlk…..all
          on tv…and 1/2 the people thought it did not happen…

            Mar 02, 2012 02:56 PM

            Hi Jerry O^OTB,
            Excellent point and you are correct me thinks. It is indeed a ‘hot potato’ which the Repubs don’t want to touch. Very astute observation, good sir. No, I have not read the Corsi book yet although I have read the forward and intro, as a friend of mine has it. He tells me I can get my hands on it when he’s done.
            Yep, the death of Andrew Brightbart makes one wonder. It could be death by natural causes, but there are enough extenuating circumstances surrounding his situation as to make you scratch your chin and go hum? Truth is stranger than fiction. I heard that the autopsy was concluded on him today, but the facts will not be made public for 6-8 weeks. Don’t know if that’s normal or not, but sounds rather drawn out to me. We shall see.
            Best to you

            Mar 03, 2012 03:31 AM

            castanheiro….thanks for the reply…..I am glad you got the name(Andrew)…I just
            could not remember his name, plus , I was just to busy to look it up….Irish keep
            me busy with his commentary, on the chicago river….etc.
            I think the 6 to 8 weeks…is long enough for main stream to forget about it…
            and for it to become again a non event…..
            What is funny , how, even Obama’s grandmother died….you know he is
            from Southside Chicago….He is not Italian…but, sure seems funny,

        Mar 02, 2012 02:55 PM

        Hi again, Mr. In the Box,

        I read what the sheriff wrote (because the video of the “press conference” was terrible) and my guess is that nothing will come of it.

        I agree; however, that the President should have the Hawaiian medical records released. If he is a decent person, he will do that.

        Big Al

          Mar 03, 2012 03:17 PM

          Hello Al….
          yes, I hope he can” rise above”…and submit his med. records..

        Mar 02, 2012 02:37 PM

        Like many, I don’t care for Sheriff Joe’s tactics, but he’s really on to something. Tried to watch his press conference live on CNN, but it wouldn’t play (hmmm). Had to go to local AZCentral to watch it. This is like Jim Garrison in Louisiana investigating the Kennedy assassination. It seemed silly to some while it was ongoing, but in time, it will be looked at much more seriously.

          Mar 03, 2012 03:31 AM

          great post john…..

          Mar 03, 2012 03:30 AM

          Hi John W R,
          I agree that he’s onto something. My thoughts on the matter. I think this issue is extremely important when you consider that eligibility is one of the primary requirements to hold the highest office in the land. When I consider the issues of loyalty, allegiance, National Security, Economics, Currency, and everything necessary to keeping America safe, strong, and vibrant, it seems to me to be a matter of utmost importance. My take on Sheriff Joe’s tactics is that he most likely is hitting a stone wall with any attempts to get information through the normal channels. The administration is most likely doing everything it can to stop him,(Obstructing) refusing requests thru FOIA, trying to shut him down with bogus lawsuits of “obstruction of Justice”. It’s not as if this administration hasn’t trampled all over our Constitution, stealing our liberties, NDAA, etc… I think he has to resort to tactics that seem distasteful, because that’s the only way he can get the info. I don’t know this to be the case, just thinking out loud. Appreciate all your excellent comments and analysis always!

          Mar 03, 2012 03:52 PM

          Thanks Jerry, thanks castanheiro.

          Regarding ‘tactics’, I’m referring to the past and not this investigation. The Maricopa County sheriff’s office only has $xx,xxx,xxx to spend each year, to do their work in rural Maricopa localities. But Joe would send his patrol cars into cities like Phoenix and Glendale, which already have their own municipal police, and look for illegals while doing “other business”. While this was going on, sex-abuse and other serious cases piled-up and were not investigated in rural Maricopa locations. In short, Arpaio appears to have diverted his funding for his pet cause (still an important one), and in regions already with their own police forces, while those who depended on his law enforcement locally didn’t get their tax-paying money’s worth, and some suffered physically as a result. That’s why he’s being investigated himself.

          In the birth cert investigation, Arpaio relied completely on Deputies (Sheriff’s Posse) of volunteers and retired police officers. Of course, now I can see the problem from the other point of view of Arpaio…some will discredit the investigation just because it wasn’t done by on-duty officers. Regardless, the Sheriff’s dept is made up of some very smart guys. If they say the birth cert is not a single scan, but a compilation of docs, I tend to believe them. Like a good discovery in science, once you can prove something, that proof should be demonstrable by another third party, and whatever someone thinks about Arpaio, his department would not release this information unless it could be verified by another party. The cat’s out of the bag again. Proud Democrats continue to make fun of birthers, but they should be cautious in their glibness. Putting up a forged certificate on doesn’t prove anything to me.

          BTW, I’ve done some of my own forensic work in past years (used to work with police as a “civvy”). Most of you probably don’t know this, but all consumer and business printers sold since 2000 print identifying information in a small yellow microdot on every page printed. The yellow is so difficult to see on white paper, and so small, you do not know it’s there. The only printers that don’t do this are extremely expensive printers used by print and art shops, which much be registered with the FBI/CSIS when purchased. Professional investigators have a whole book of things like this to look for. I know many think this is just an issue of Republican stubborness (and in fact, it is!). But there’s some good science behind it, just like the ‘th’ in Rathergate.

            Mar 03, 2012 03:37 PM

            Hello John,
            Thanks much for all the additional info. You’ve got an interesting background and a lot of real world experience. I appreciate the clarification as I misunderstood you regarding Arpaio’s tactics and the obstruction charge. Many thanks. I didn’t know that about the identifying info on hardcopy printouts. Very interesting. Where is this microdot info located and can you see it with a strong magnifying glass? Can it be covered over? Can it be exposed with dyes?
            As always, much appreciate your informative response. You see that’s why I spend so much time here at Kereport is that I learn so much from you that are much brighter than I am. Best to you.

            Mar 03, 2012 03:25 PM

            John….thanks for the extra info…..I have heard something about that ,
            The FBI…did not want the dollar bills to be so easily printed….counterfitting
            has been an issue for several years…..The govt. wants to be the only one

            Mar 03, 2012 03:51 PM

            Every print manufacturer is different, and they keep the info ‘locked up’ just for the reasons you are asking. The yellow microdot idea was mostly intended for anti-counterfitting, with the advent of cheap color laser printers for the masses, but of course, it comes in handy for lots of things! It’s very hard to find one without having some heads-up where it’s supposed to be. No to the magnifying glass…quite a bit smaller than that. They’re probably even smaller today than they were back in 2000. You’d probably need at least a 100x microscope today and the key of where to look for a given printer. By the way, they use that same microscope to compare fonts, ink density, and ink ‘dna’ (not literally). So heads-up, all you birth certificate forgers. Drag-and-dropping different content, and running the original though a photocopier a few times won’t cut it. Like I said, the Sheriff guys are good.

      Mar 02, 2012 02:52 PM

      Hi agree Mr. In the Box,

      It will change, but soon. Certainly not in this election cycle.

      Tell me, if you would, the difference between the current and the immediately past administrations.

      Big Al

        Mar 02, 2012 02:34 PM

        Well Al,,,current and immediately past adminis.
        the difference…..I think we have the same people or types, still in place in the admin.
        a. the budget…gone higher….more debt.
        b. military….budget…same…conflicts more.
        c. education….same…
        d. welfare…..higher…
        e. unemployment…higher
        f. constitution..right, worse
        g. leadship….lacking in both….same and going to get worse
        i. immigration….worse
        j. job creation…..none…worse
        k. morals….worse…or same
        l. real estate…worse..but both parties to blame
        m. fed. res…worse.

    Mar 02, 2012 02:29 AM

    It has been about a year since Al mocked those brokers who recommended hot and risky stocks with no income and revenue, referred to as dot bombs and proclaimed how the hot and risky stocks with no revenue or income exploration mining stocks where set to outperform the conventional market…
    This nice little chart of the DOW vs the GDX shows how bad a call that has been. If the inflationary future Al sees happens the DOW will outperform mining stocks as oil prices will rise faster than gold. The DOW has outperformed the BRICS, the MCSI easily over the past 5 years. This isn’t the 1970s where people could only invest in bullion or mining stocks, now there are ETFs, so gold will outperform the DOW, but the stocks won’t. The only people who will make money on the stocks are the CEOs who give themselves cheap paper and those that sell advertising.

      Mar 02, 2012 02:54 AM

      Kevin. While I agree with the chart of the DOW vs the GDX and that the miners had rough year in 2011, if you back up over the last 10 years it would be a very different picture. I also agree that there are different investment outlets now like the ETF’s that have dilluted the market that normally bought both bullion & mining equities so the miners didn’t get some of that money this round.

      However, there are still many stocks that individually did quite well in 2009, 2010, 2011, and many are rocketing off faster than the DOW in 2012. I am not a fan in this volatile market of buying just an index. It is a stock pickers market. Many explorers are prime for takeovers in the M&A activity w/ the majors. Also, many of the majors have finally figured out it is time to pay dividends so that is attracting a new caliber of investor to the cash-rich larger mining operations and a better return on value.

      2011 had a number of “Black Swan” events Egypt riots/overthrow of Mubarak, Libya situation, Japanese disaster, debt ceiling debacle, and then Europe. Everyone has become so obsessed with Europe that they forget how crazy the whole year. Mining stocks are riskier than bullion so when the “sell everything” craze happened, they were the more speculative trades and thus the first to get sold.

      In times of friction but a little less chaos those same stocks usually track with their underlying commodities and will outperform the DOW. ETF’s are a big dilluter though. Also, there are far more mining stocks than there ever have been and this is spreading the investment money thin. Once they get gobbled up or go out of business there will be less companies fighting for the same investment pie. If you pick good explorers that find a big deposit, they’ll still offer far more leverage than investing in an index, but there is more risk, so choose wisely.

        Mar 02, 2012 02:07 PM

        Many thanks for your comments Shad.

        You don’t need to come to my defense as I know exactly what I am doing and it has gone quite well so far.

        I would sincerely hope that Kevin is not insinuating that because I do sell some advertising for our site that I am dishonest. That is something that would make me really angry.

        For now I am simply not responding to him in any area that imputes my ethics.


        Big Al

          Mar 02, 2012 02:02 PM

          Big Al,
          Those of us who know you know that you are an honest, decent, and hard-working man who cares about people and wants all your listeners to succeed. I along with probably 99% of your listeners really appreciate all you and Trader Rog do for us. Your site is incredibly valuable to us and I would say that the education I’ve gained over the last 3 years has been 80% attributable to your show. Many, many sincere thanks to you!!

      Mar 02, 2012 02:25 AM

      I would bet that Kevin is very new to the miners.

        Mar 02, 2012 02:42 AM

        What is your current take on Impact Silver, Typhoon Exp., and Paragon Minerals? Any other plays RIGHT NOW that really float your boat?
        All the best,
        PS Any comments on DNI Metals or Ethos Capital doing expl. work in the Yukon?

        Mar 02, 2012 02:09 PM

        Hi Matthew,

        If he, in fact, is he should try to learn and not criticize. There are a lot of places folks can learn from not just from you comments and my interviews.

        Big Al

      Mar 02, 2012 02:02 PM

      Appreciate your comments, Kevin.

      I don’t appreciate your comments about those who sell advertising, but as I have always said “people are free to say whatever they wish on this site.

      By the way, please remember that I stress the concept of diversification. Here are my results since last August, my resource stock portfolio is up as is my conventional stock portfolio.

      Best to you my friend,

      Big Al

      P.S. Remember that my comments re: the “dot bombs” as you called them were accurate as have been my comments regarding both gold and silver bullion since 2002.

      My wife and I are doing just fine and I truly hope that you are also.

      Mar 02, 2012 02:50 PM

      Kevin, your time span of 1 year is very short, and as Shad notes, over a very eventful year. What about over the last 10 years? Also, when you say “, gold with outperform the Dow, but stocks won’t”, you’re using a projection of the next several years, based upon 1 recent year. Why is that scenario any more likely than mining stocks going up?

      Be careful with comparisons. I used to insert Yahoo graphs into my consulting reports, and found it was very difficult to draw correlations from two equities or funds over differing periods of time. As is often said of statistics, you can also make a graph tell you anything you want. For example, here is your exact same graph, except I made it for 5 years:^DJI

    Mar 02, 2012 02:58 AM

    Kevin…..I have to agree with you on some of your post…..
    You are correct on the performance of some of the stocks…to this point.
    I agree with you on the bullion……
    I might have to disagree with you on the stocks (but, for your info,
    I do not own any mining stock) SO, my only thought is maybe, after,
    we have accummulated all the pm and diversified with all pm.
    gold , silver, platinum…, we might want to have the extra leverage,
    that the good stock selection might afford, in the later day,when the
    general public sheeple, after being late to the party and start buying
    everything with gold , and silver in their names…..and this will happen
    and this is where you might happen to luck out and get a 10 bagger…
    as some experts like to call it.
    So, I think that stocks are a last play, but, they will be a play, just
    my thought….because no one knows for sure…
    respectfully submitted….thanks jerry ootb.

      Mar 02, 2012 02:11 PM

      HI again Mr. In the Box,

      After being in this arena for over 30 years, I stick to my guns that diversification is the key and diversification includes much more than just bullion. That is my opinion and I am certainly not giving any advice to others.


      Big Al

        Mar 02, 2012 02:07 PM

        Yes, Al, I agree with you on diversification…and I agree with you on the stocks…
        that is why I am here, and that is why I said pm stocks , will be in play,
        and will provide some extra leverage., and maybe turn into a 10 bagger.
        and I do think in the last and final wave, that any pm stock with gold or
        silver in their name., will go up.and way up…and be included in the final bubble , which will occur. when the sheeple arrive…and I do think that is about two to three years out….and I will add that now is the time to start looking very hard
        in the selection of juniors and may be explorers….
        and that is why I find your information very valuable…
        thanks for all you do….respectfully….jerryootb

    Mar 02, 2012 02:39 AM

    AL…ROG. Great blog, THANKS.

      Mar 02, 2012 02:12 PM

      Many thanks Mr. Irish.

      Big Al

    Mar 02, 2012 02:26 AM

    HI FOLKS…….A must hear interview with ANDREW MAGUIRE…over at KING WORLD NEWS

      Mar 02, 2012 02:00 AM

      Hi Tony, I heard the recording but what new Gold Exchange are they talking about? A Chinese one ?

        Mar 02, 2012 02:28 AM

        HI JAMES. My understanding is ,yes it will be based in China.

      Mar 02, 2012 02:56 AM

      Hello Irishtony,
      Just listened to Jim Sinclair and Andrew Maguire and both are excellent interviews. People, you gotta take a listen. Thanks Irish.

        Mar 02, 2012 02:13 PM

        Thank you too for the tip Mr. C,

        Big All

      Mar 02, 2012 02:12 PM

      Thanks for the tip Mr. Irish,

      Big Al

    Mar 02, 2012 02:00 AM

    No one wants to do the right thing because no one wants to be the next Herbert Hoover.

      Mar 02, 2012 02:14 PM

      At some point in the future, Jed, someone with cahones will do the right thing!

      Big Al

      Jun 14, 2012 14:59 PM

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    Mar 02, 2012 02:34 AM

    china has been busy opening a new gold exchange and to my knowledge it is up and trading, which I think is good for the industry. The trading platforms are all about price discovery. Some TV guys whine they are used to drive up oil prices but the oil traders don’t do that inflation and govt’s do with policy. This year of 2012 is going to be great fun for faster traders on volatility. If you invest and not do not trade much its more difficult but not impossible to find some very good stocks. We found 4-6 so far this year and more are coming. CONTROL YOUR RISK FIRST AND YOU WIN – Traderrog

      Mar 02, 2012 02:00 PM

      The Pan Asian exchange already opened, May 2011, . I’m not sure what the source is regarding recent comments here about it opening this year, but it’s open right now. There is a news article I read about the PAGE not being fully licensed to sell gold through-out China, but I’m not really sure the scope of that. In my mind, the only thing about PAGE is that it’s still so new, average citizens aren’t aware how to buy through it yet. That’s coming.

        Mar 03, 2012 03:58 PM

        Ah, OK. Listened to the KWN piece with Andrew McGuire and he explains it well. PAGE just seems to be limping along doing little. And yes, that McGuire interview was excellent.

    Mar 02, 2012 02:16 PM

    Michael Lewis upset the apple cart with:
    “How did you not notice 24-Year-Olds were being paid $2 million a year who clearly didn’t know anything?”

    Michael was on the right track but he stopped well short. It was not that
    the inexperienced ‘didn’t know anything’….it was much more Reaganesque….
    it was that “they know so much that isn’t so”.
    Reagan’s classic line delivered in the 13th minute of this classic speech delivered 11/27/1964. If we only had listened!

    Mar 02, 2012 02:32 PM

    Soon we are going to see some new and major efforts by the Fed to increase the domestic velocity of money by policy action which will make hoarders of cash more fearful losing purchasing value of their cash than by losing the money through investment. The Fed has tools they have not used directly which can force companies like Apple to start making investments or risk losing the purchasing value of their money. They will first use their most effective tool their mouths, but they will also have to follow up with policy action or risk losing momentum.

    Frankly, I don’t think it will work unless the Federal Government does some major policy changes in concert with the Fed. Obama and his party are the main obstacles for the Fed right now, but whether the Fed members realize this or not I am not sure. Central Banks are not designed to be Political policy makers unless they can first remove free democratically elected government. They are trying this in Europe right now, but the risks are very high especially for the bankers.

    One crucial ingredient that all prosperous nations must have in order to remain strong, is for government to always fear the people. When the people fear their government, the nation is doomed.

    Mar 03, 2012 03:54 AM

    Hi Big Midas Al,
    By low and sell high. Isn’t that the way we learned? Around 52 week lows and wait for a breakout, then buy. Big Al, you do have the Midas touch.

      Mar 03, 2012 03:40 PM

      Hey Keep Stacking,
      You’re cracking me up my friend. Big Midas Al, I love it!

    Mar 04, 2012 04:47 PM

    Hello Again,
    I posted about a year ago addressing Mr. Weigands’ statements about Global Warming being less than a real phenomena and possibly a ‘hoax’ perpetrated upon the public. I reminded him Insurance companies are making very real decisions on this issue.

    I was unable to post to Mr. Weigands’ site today so I will post here:

    Well the hoax goes on day before yesterday I watched as a massive planetary storm swept across the United States. (including a super Tornado)). The temperature gradient across the this storm was 30 degrees. Last summer the States of New Mexico, Arizona and Texas got so hot for so long the very ground split. The number of earthquakes worldwide has increased astronomically. I could go on but you get the idea.

    Hopefully, I will get to update you again in a year or so about this short term hoax–but I doubt it.

    May 08, 2012 08:28 PM

    Bringing mainstream ccrhuh music to the arts community!Presented by Unity Performing Arts FoundationJanuary, 8, 2012 6:00PMRhinehart Music Center, IPFWFeaturing The World Champion Voices of Unity Youth Choir, directed by Marshall White. Also featuring local worship leaders Aaron Jackson Lifebridge, Albert Brownlee Genesis Outreach, Holly Parks Broadway Christian Church, Sharece Petus Greater Progressive Baptist Church, and Josh Hawkins First Assembly of God.Adult $15.00Senior & Student $10.00Child 12 & under $5.00Bring a canned good for each child and they will be admitted FREE