From the World Investment Conference held in Vancouver, B.C

June 9, 2012

Most of the weekend’s show originated from the World Investment Conference held in Vancouver, B.C. This venue provided us with a great opportunity to meet in person with folks we normally talk with only by telephone. It was great for all of us!

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In this show Al discusses:

  • Segment 1 – Al opens the show from Vancouver, B.C. with Peter Shiff.
  • Segment 2 – John Proust, CEO of New Zealand Energy, provides an update on the company.
  • Segment 3 – Listen to Al on “Cambridge House Live”
  • Segment 4 – Trader Rog and Bahman Yamini discuss politics, economics and Canasil Resource.
  • Segment 5 – Brent Cook and Al discuss the resource market.
  • Segment 6 – Al and Ellis Martin discuss the markets and the importance of obtaining all the information you can.
  • Segment 7 – Al and Peter Grandich discuss gold.
  • Segment 8 – Dr. Michael Berry and Chris Berry discuss investing.

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

    Jun 09, 2012 09:10 AM

    Al, Why interview anybody when you do most of the talking? Every time any of your guests goes to say something you cut them off and give your opinion.

      Jun 09, 2012 09:40 AM

      I have to agree with this comment.

        Jun 09, 2012 09:16 AM

        i yould have liked to hear more from Peter Schiff regarding his new book. Does he offer solutions or only analysis of what is going on? Has anyone read it?

          Jun 09, 2012 09:12 AM

          Hi Bobby,

          I have not read it as I understand it just came out.

          I will download it and be back on this one with a follow up interview with Peter.


          Big Al

            Jun 09, 2012 09:54 PM

            Thanks Al.

          Jun 09, 2012 09:52 PM

          Hi Bobby,
          Peter Schiff is my broker. He will make you money. Best

            Jun 09, 2012 09:59 PM

            Good move, KS. I have followed Peter for many years, actually got into a disagreement with him when he sold his Lido Island (Newport Beach CA home) after calling the market top, well he did leave a couple of million on the table but who knows if he would have been able to sell at the top. BTW, he is my pick for US VP under Ron Paul. I also read Crash Proof the day it came out as well as the his revised edition, both of which proved to be right on the money.

        Jun 09, 2012 09:11 AM

        Okay Dennis A and Ed P,

        A lesson well learned.

        Sorry about that.

        Big Al

          Jun 09, 2012 09:52 PM


          Nothing to apologize for. Every host has to control a program because of time limitations. By stating your views, it gives the opportunity for guests to either agree or disagree such as Brent Cook did this morning.

          I appreciate hearing your and TR’s views and the price is surely right…….

            Jun 09, 2012 09:06 PM

            Speaking of price Dai Uy, you are now 365 days behind. Guido is on his way!

            Big “no more Mr. nice guy” Al

        Jun 10, 2012 10:33 PM

        Hello Big Al, TR, and all the good people here,
        Have been gone most of this week. New job, training, heavy learning curve and started college classes too. Extremely busy. Not much time to check in. I’ll try to stop by and read the comments once a day, if possible.
        Big Al does a fine job as host. He is the quintessential gentleman. You have to remember that he is the host. He is the director. He has to manage and control the time and the direction of the conversation. You cannot allow an interviewee to just do or say what they want or go on and on. I’ve taught and currently teach a class with some 60 to 80 adults on a weekly basis. You must control the time, flow, discussion, track, questions, etc.. and do it with a modicum of grace. Not easy to do and Big Al is excellent at it. My guess is that if you think he is too quick to interject, you have never been in his shoes. A little experience will change your perspective. Seeing things from the side of experience makes you much less judgemental.
        Keep up the good work Big Al and TR.
        All the best!

      Jun 09, 2012 09:11 PM

      Truth be told, I think Al strikes a pretty good balance of playing the job of host. Some guests need more encouragement, others less. Schiff needed none, so sure, he could have taken over by himself in this case.

      If there’s anything I’d say to certain guests, its kick it up a notch. There’s almost nothing too technical for the audience on this site, and I suspect, on the networks that carry the show. Schiff gave us a nice, CNBC/CNN/etc. intro. Thanks, but we knew that already! When you come on KER, let ‘er rip.

        Jun 09, 2012 09:15 PM


        Even though you are the consumnate gentleman, It pains me to say this inasmuch as you are also the consummate Husky. I figure Marc’s Atzecs will smoke you next opener season (7-0) and if they don’t do it, watch out for our new Cougs under a new management in the Apple Cup.

          Jun 11, 2012 11:38 AM

          Morning again Dai Uy,

          We were having this discussion yesterday.

          Don’t know about the Aztecs, but I do believe that the Apple Cup will be one great football game! And, my friend, I am not kidding! I look for a much different team coming out of Pullman!

          Big Al

    Jun 09, 2012 09:05 AM

    Al does interject, but the worst host is Peter Schiff himself. He cuts off his guests so much (although he has a point to make most of the time), it is very annoying.
    In fact the Peter Schiff Show is best when Tom Woods fills in for Peter. He actually lets the guests get a word in.

      Jun 09, 2012 09:42 AM

      I concur!!

        Jun 09, 2012 09:54 AM

        I found that too, I really like Peter Schiff but I actually gave up on his radio show for that reason. I read his articales and watch his videos, but his interviews………oh well.
        Really knowledgable guy tho.

      Jun 09, 2012 09:12 AM

      Morning Boss,

      I have heard that from other folks.

      Have a great weekend,

      Big Al

    Jun 09, 2012 09:40 AM

    I file a simple complaint to the overuse of the cliche that “buying precious metals is like buying insurance.” Although the comparison makes sense my complaint is focused mainly on it severely under sells the attributes of the metals. Yes the metals will serve it’s owners well when a not so welcomed economic event occurs. Yes for a small investment in the metals one can cover a portfolio value 10 to 20 times the metal present value. But the metals are much more than insurance. Precious metals specifically gold and silver are money. They are the original collateral which backed the currencies. The danger with pigeon holing precious metals as insurance is that it regulates the metal to a smaller portion of portfolio allocation. Insurance is a tough sell and all to often the recommended 10% allocation is ignored in favor of the perceived safety or growth mix promised in debt and equities. When I look at precious metals although I see the insurance security that they provide…..I also see collateral. I see the reason why central banks possess them. I see money. I see acquiring collateral today which will allow them to be strategically leveraged later. I see an investment that not only adds security to my portfolio but at my choosing I could liquidate at a moments notice. Unlike a death proceed I can enjoy the proceeds of a sale this evening. The precious metals are more than mere insurance.
    The precious metals are money!

      Jun 09, 2012 09:20 AM

      Morning Dennis M,

      Your point is very well taken.

      Here is mine.

      I agree that gold and silver are definitely money. There is no question in my mind about that whatsoever.

      I am, at this point, not convinced that the majority of one’s portfolio should be in gold and silver however.

      Back in the nineties, I made some pretty fair profits in the stock market. Albeit not really the conventional markets. I bought very low in one case and was fortunate enough to be able to pay (cash) for two very expensive university educations.

      Somewhat earlier, Kathy and I used real estate proceeds to pay for start up expenses for our business and private school educations for the girls. (Yep, when we started this business we literally did not have a pot to you know what in! And, this continued for about the first ten or twelve years!)

      Today I believe that gold and silver should be the cornerstone of every “nest egg”.

      It is still difficult for me to disregard diversification.

      Trust me, I am as much of a gold bug as anyone. I just like to hedge my bets.

      Best as always Dennis M,

      Big Al

        Jun 09, 2012 09:43 AM

        I typed the above prior to listening the Peter Grandich segment.
        Peter summed up the point I was trying to make better than I did.
        Your points are well taken. As the macro debt addicted currency prolific global society continues to deny economic reality proper diversification requires the abandonment of the mantra “10% allocation in precious metals” to a much higher level suitable for the portfolio under consideration. In a different environment as in decades past adjusting back toward 10% may be indicated.
        I believe the insurance aspect should be referenced but when doing so it should be elaborated on as Peter Grandich did. The metals are insurance but they are also more than mere insurance.

          Jun 09, 2012 09:47 AM

          Morning again Dennis M,

          I agree and I hope that I made that point in my earlier reply.


          Big Al

      Jun 09, 2012 09:33 PM

      The complaint department is closed until Monday.

        Jun 09, 2012 09:57 PM

        I cannot blieve I interrupted what was Raggae Long Week End 2012 which then soon became Stones Goofoff Weekend 2012 to lodge any critique of those to which I only hold emense esteem. I blame it all on the fact that I’ll Have Another scratched and my tendancy to announce the hores’s name especially on weekends. I shall stand down.

          Jun 09, 2012 09:02 PM

          You are really into the ponies aren’t you!

          You need to get to know Peter Grandich as he owns and races trotters!

          Big Al

            Jun 09, 2012 09:31 PM

            Although I may have been seen once at The Little Brown Jug and the Hambletonian…I could never figure out why somebody would buy a horse that was not strong enough for the jockey to ride directly upon it?
            Al….that is just the way I sometimes think…. I used to think God unplugged the sun at night….go figure.

      Jun 09, 2012 09:00 PM

      Dennis: Gold is money and something only in recent years where people are fooled into believing otherwise. The question going forward from here is what will be money in the future. Long term it will as always be gold, everything else is just short term confidence. The SDR as constructed by IMF members is appeasement alternative to objections of the dollar, primarily the French. But in reality the SDR is no different than the dollar except it is not decided by just one nation alone.

      SDR idea created decades ago was before the Soviet Collapse, before China World Power, and before the fiat debt explosion of the Western World. So going forward from here with something based on aggregate of indebted fiat currencies is not going to be acceptable to creditors, such as China. Fact that China has and is amassing large tonnages of gold speaks volumes about what or how the new World Currency will be decided. Not necessarily base on Gold, but certainly accredited and influence by gold.

      I don’t think the new World Currency will be the SDR unless the Creditor Nations are in control, something that the Debtor nations both fear and oppose. Meanwhile the balance of shifting monetary authority continues to move west to east ironically juxtaposed to collateral damages created by the Fed and West in their Sovereign economic crisis. Like cutting off ones nose despite their face.

      I have never believed in aggregate insurance where everyone is involved, it is just another crowded trade. Still people think of insurance as protection but more so as shifting the cost to someone else, that is not insurance but socialism. People are just going to have to start thinking in real terms and not something learned or taught by Universities in last century or less. Why else would academics occupy all the seats at the Fed and other Western central banks. Modern concepts of insurance is not insurance but closer to profligate irresponsibility. Personally I have more trust and less need for insurance with a responsible person running a fine glass shop in not breaking something than I would an idiot on a sand dune. Unfortunately as crisis records every day, most people elect idiots to run fragile economies and nations, democracy dooms itself.

      Precious metals are money and becomes center of wealth when fiat confidence fails.

        Jun 09, 2012 09:15 PM

        I enjoyed reading your comments.
        For whatever reason they made me think of something only related faintly in the basics of life.
        When someone presents me with a personal problem…I will relate to them as follows:
        “There are only three things you cannot change in your life.”
        Sometimes I make them guess,other times when needed I just continue.
        “Your mother, your father and unconditional love.”
        For me the bottom line is simple.
        Grandma and Grandpa should be shelling peas and shucking corn on your porch and not visited on occasion. Ma and Pa should not be fond memories while they are alive. Social Security is now and has been an abomination on the family… and the distance America prior to the not so Federal Reserve and Social Security until where it now has unfortunately regressed …….does not change there are only three things you cannot change in life. Note changing the government under which you live is not one of the three.

          Jun 09, 2012 09:58 PM

          Great response Dennis M!

          As always, thanks.

          Big Al

          Jun 09, 2012 09:00 PM

          Dennis: I agree. There are of course many places in this world where Grandma and Grandpa are doing something while Ma and Pa are close by in the same dwelling. Usually its places where Socialism means family and not empire building, places like Bhutan where wealth is calculated in happiness not money. But even in Bhutan where happiness was family until the government tries to introduce itself under a banner tilting Gross National Happiness not Gross National Product, the people object because how dare the government try and tell the people what happiness is.
          All sorts of wise sayings comes from that part of the world, and one of my favorite is “The richest man is not he who has the most, but he who needs the least.”

        Jun 09, 2012 09:04 PM

        I wholeheartedly agree. And on a somewhat similar vein about academia and the last 100 years of teaching. The San Diego UT asked eight prominent financial/econ professionals associated with the collegiate systems here – “Is there anywhere safe and lucrative to put your money?” The answer was predominately no. The “yes” was mainly involving real estate. Only one out of eight even mentioned PM’s – that’s a 13% percent “hit rate” for PM’s. This micro example proves your point. The teaching and mindset has to change. If indeed this is reflective of a much greater lack of awareness. I think it is!

    Jun 09, 2012 09:25 AM

    Hey Al

    I’ve been in sales for 25 years
    The best sales people know when to shut up and listen and let the customer talk. Then ask for the order.

    trust me it take a long time to recognize the situation and actually do it when it occurs

    Sill enjoying the show and the great info provided. A lot better now that the the diting is done and the whackos are out

      Jun 09, 2012 09:48 AM

      Thanks Tony,

      Yep, the whackos are out.

      You know, I don’t mind diverse opinions at all. I just cannot tolerate aggressive criticism.


      Big Al

      Jun 09, 2012 09:12 AM

      When the objections are overcome.
      Shut up! Let the pen talk for awhile!

    Jun 09, 2012 09:52 AM

    Big Al and all,
    When Peter Grandich said, “Gold (Silver) is now an investment class”. I TRULY hope people caught the words Peter said AFTER he said that comment. If you did not catch it, please, please go back and listen to it. He opined a very, very important set of points. I, for one, have a great, great portion of my assets in G and S! Gold and silver is the “NEW” currency. That pretty much says it all. It is much, much more than insurance. And I put my hard earned money there. And Not at the whims of some “idiot politicians” They are not out for our best interests – please repeat that in your head when you go to your local coin shop and are digging in. A very, hearty good luck to all the fine folks out there!
    And, like always – all the best,

      Jun 09, 2012 09:06 AM

      BTW, Dr. Berry is one “SMART COOKIE”. I highly recommend his “discovery investing” program. An excellent analytical tool. Hey guys – its free! Who would do that!? Well, Dr. Berry would and does (with Chris). I think that is great. And finally, I get and keep his “morning notes” that are e-mailed to me on a regular basis. A hearty thank you Dr. Berry!

        Jun 09, 2012 09:56 AM

        Hi Marc,

        My thoughts exactly regarding Mike and his son Chris!

        Big Al

        Jun 09, 2012 09:20 PM

        I’ve seen Dr. Berry speak a few times. He knows how to give a presentation.

      Jun 09, 2012 09:07 AM

      Boy, am I getting taken to task because I called gold insurance!

      Does this mean that I am not the prettiest baby in the nursery?

      Big Al

        Jun 09, 2012 09:21 AM

        Big Al,
        As you know, I am only saying in the words of Police Chief Brody in JAWS! “Hey, Big Al, I think we need a BIGGER boat!” In other words, this 5 to 10% insurance thing is, IMHO, OUTDATED. Things are only getting worse. Therefore, like Gold being now considered for a Tier one asset – Gold should now be looked at as insurance AND NOW an investment class.
        Go Aztecs! 🙂

          Jun 09, 2012 09:37 AM

          Spot on Marc!
          The 5 to 10% figures can be directed to commentators other than Al. It is where this tact started when commenting about the David Morgan segment. As Al has indicated his allocation is much higher. When you think about it Al’s personal allocation reflects he agrees with your’s and Peter Grandich’s point. So the critique is one limited to symantics.
          Marc take no offense of me including you in my comments to Al below which did not link up this thread as I must not of responded to Al’s 10:07 am comment as I intended. Maybe we should give All a laugh and send him our ugliest baby in the nursery pictures.

          Jun 09, 2012 09:55 AM

          Okay, okay! I stand corrected. Know why? Because you are probably correct. Maybe now I will go to 10% to 15%. More on that next week.

          Big Al

          Jun 09, 2012 09:31 PM


          That was going to be my comment. I’ve tried to learn the wisdom of reading a few comments before impulsively responding…hey, look, someone said it for me and they did it better!

          And yet, here I am responding anyway.

          Gold was insurance in 1998 (Y2K, WWIII, etc.). The house caught fire a decade ago, and no one called the fire department until 2008. They responded, and instead of water, used gasoline. Fortunately for us, our dumb insurance agent is still willing to let us buy more fire insurance. (some guest of Al’s used this metaphor about 2 months ago). It’s no longer insurance at that point. It’s almost like income, particularly if you can “insure” past the value of the asset being protected, which of course, is really your savings and not a house. That is at least a store of value, and possibly even something with income potential. In any event, we’re well past the point of holding 10% of a portfolio in metals. I disagree on Jon Nadler’s timing of 2013 to exit metals, but I do and have always agreed there will come a day to wind-down the metal holdings, unless your in it for the numismatics. I think that day is a long time off.

            Jun 09, 2012 09:12 PM

            John W., I am still waiting for something to DISAGREE with you on…..he,he

            Jun 09, 2012 09:08 PM

            John W is not real crazy about the Aztecs! (A little bird told me.)

            Big Al

            Jun 09, 2012 09:32 PM

            Wow! This conversation struck a chord. I have always viewed the metals as insurance and more so an investment. I wouldn’t be invested in them if I didn’t intend to make a profit. i’ve been told I’m crazy, stupid and a bad investor because I dared say that I was invested in pm”s and treat them as I would any investment venture. I have raised eyebrows at family dinners when I mentioned I thought pm’s were a good investment. Anyway, the posts have struck a chord and I am thankful to be in a crowd that looks at pm’s as not only insurance but also as an investment geared to providing satisfactory returns in the months and years to come. Thanks Big Al for the site and information.

            Jun 09, 2012 09:04 PM

            Hi Jerry M,

            Of course, you are welcome.

            A lot of my friends and family, by the way, think that I should be committed! Oh well!

            Big Al

            Jun 09, 2012 09:54 PM

            Hi Marc,

            Um, what’s you favorite food?

            (Did you answer chocolate cake too?)

            Jun 09, 2012 09:04 PM

            Jerry M,

            I just saw a Yahoo Finance article where (cough, cough) Jeff Macke actually interviewed Jeff Killburg who thinks gold will go to $2,000. Slooooooowly, New York is getting it. But the comments to the article were the real news story. Gut instincts, hunches and outright hostility that gold “is about to blow”. It’s so strange. I guess growing up in the early 80’s, watching the price of gold on the news each night at 6:29PM, just before commercial break, made me assume everyone understood metals the way I did. In the same way the dot-com bubble was going to the be “new economy” and that the fundamentals of old no longer applied, people feel that fundamentals of a sound currency no longer apply, that gold is anachronistic, and that bonds, bills, collateral debt swaps and hypothecation are today’s new, modern economy.

            So keep telling your family what you’re doing, and let the eyebrows raise. Perhaps one or two will get something out of it. You’ll look like a genius in another couple of years, though in truth, I almost wish it didn’t have to happen. It’s going to be a painful future, even for many of us who have something stockpiled. We should not gloat. We are doing what makes sense, and what is necessary.


            Jun 09, 2012 09:59 PM

            Great point about the price of gold quoted daily on tv, John W. You have to remember; however, that was in Canada.


            Big Al

    Jun 09, 2012 09:27 AM

    You have nothing to worry about Al!
    Notice there are no pictures displayed next to Dennis M and Marc’s comments.
    At least in my case it is for cause.
    One gazing throught he nursery glass might say “That O’Neil baby has a face meant for Radio!”
    Your show was great again ! I hope my comments are taken as an attempt to add not detract from the meaningful forum you graciously provide and which I very much enjoy.

      Jun 09, 2012 09:54 AM

      Trust me, Dennis M,

      I view all of your comments as being nothing but constructive.

      Keep em coming!

      Big Al

      Jun 09, 2012 09:30 PM

      Oh geez. No worries. Believe me I would make a great character on the “Chiller” channel. No make-up or alterations necessary!! HA! :).

    Jun 09, 2012 09:50 AM

    I would like to here more of Bob Moriarty;
    Here’s why, Yes he may come across as a radical out their kind of guy but he always gets to the point and tells it like he thinks it is; He takes out his yard stick and wipes away the froth and lays it out ware most lately have been rehashing the same old.

      Jun 09, 2012 09:52 AM

      Actually Pete,

      Bob will be on the show Monday.

      Big Al

        Jun 09, 2012 09:01 PM

        Al, you mentioned that Bob Moriarty had a different view then Brent Cook. Brent was quite strong in his position relative to the resource camp. I unfortunately agree with Brent. I’m avoiding almost all commodities and have for quite awhile. They’ll only get “cheaper” over time. The last metal to break down was copper which I look as the bell-weather. Gold should be put in a class of it’s own. It’ll be like watching paint dry over the next few weeks to months. I’m watching one chart in particular as my base chart for gold and it appears we could be in a waiting game for months. But that’s okay. It’ll shake a lot of folks out of a market that is still the market to be in. By the way, I agree with those that feel the emphasis of gold as an insurance vehicle is overdone. I purchase gold mainly as an investment as I do with other investment classes. I know that heresy to a lot of ardent “gold bugs” but that ‘s how I see it.

          Jun 09, 2012 09:10 PM

          Hi Doc,

          I don’t think the insurance concept is necessarily overdone. I have thought about this a lot since I was recently “taken to the wood shed” and I think now that it is really both.

          Big Al

    Jun 09, 2012 09:59 AM

    That’s great Al:
    Ask him what he thinks Gold and Silver will do in the short term. And will the Juniors recover.

      Jun 09, 2012 09:30 AM

      Pete and Al…that is an awesome concept.
      It already occurs to some extent…like next time you interview so and so ask him this..
      But Al if you advance the blog your upcoming interviews…bloggers could suggest questions…which could be considered by all those interested in advance.
      Maybe it would augment the already great interview. Maybe you could cut to say…”and now here is the question from the blog” kinda thing. In one sense you would be creating an expected hopefully meaningful part of the interview…in another sense at the same time you would be creating added interest to your blog!” It brings to mind cross-training.

        Jun 09, 2012 09:53 AM

        Great idea Dennis M!

        I will start doing that immediately.

        All the best,

        Big Al

    Jun 09, 2012 09:25 PM

    Al, I agree with Pete Grandich. I buy gold as an investment especially in the environment today. The environment today is totally different then the 70s when gold had its’ run primarily due to spiking oil prices and inflation. Those that are purchasing it primarily as an inflation hedge may be purchasing it for the wrong reasons but they’re correct in purchasing it. I don’t think we’re going to see significant inflation for years. I believe Pete has it right. Many of the citizens of the rest of the world look at gold properly. It’s wealth to them and they’ll continue to purchase it for that reason. In a primarily deflationary environment that we’re currently in, gold responds differently then it did in the 70s. Sure, it’s catching up to the inflation of the past but it primarily has become a currency in its’ own right. That’s why I believe we’ll see appreciation of gold over time since all other currencies will essentially depreciate. I also don’t expect to see gold blow off like the 70s. It’ll gradually over time run higher for awhile and then consolidate again and again. Those runs and consolidations will get shorter and shorter over time since the number of crisis will increase over time. This consolidation will be particularly long since we’ve had such a fantastic run over the last few years.

      Jun 09, 2012 09:08 PM

      I agree Richard.

      The environment was very different in the 70’s than it is today!

      Big Al

    Jun 09, 2012 09:32 PM

    Pete is the most level headed precious metals person you have on your show. He is common sense and logic personified. Keep him coming.

      Jun 09, 2012 09:05 PM

      Guarantee you Larry, I most certainly will!

      Big Al

    Jun 09, 2012 09:01 PM

    I don’t know if anyone has read or listened to Steve Keen professor of economics from Sydney Australia, but he has some interesting concepts. In the following link interviewed by Chris Martenson towards the end, Steve gives an interesting idea for solution to the US household debt and bank situation. The US government does a kind of Debt jubilee, by giving every American a one chunk large sum of money, enough to enable the greater majority of people in debt to pay off all or most of their debt which it must first be used. People without debt get to keep the money tax free and must use it for some kind of investment. Bring back Glass Steagall act and break up the big banks and actually enforce the existing laws.

    Chris made a very true but funny comment that such an idea makes good sense, but like Churchill said “Americans can always be counted on to do the right thing…after they have exhausted all other possibilities.” Unfortunately there are lots of possibilities still left to exhaust.

    Jun 09, 2012 09:02 PM

    I mention the above because a debt jubilee would be perfect timing to go onto sound money. Gold and Silver really are perfect sound money.

    Jun 10, 2012 10:10 AM

    There have been 28 Catholic Jubilees documented since 1300.
    One about every 25 years.
    They work out great for Tourism in Rome.
    Oddly they are not evenly spaced.
    For example 1300…1325 ect.
    Most do occur on such round # dates …but certainly not all. Like the curious one called in 1933 by Pope Pius XI…. just eight years since the last…calling for for less talk of debt arms and the financial slump. Clearly called because of the dire financial environment. Maybe the Church had a cash flow problem. Many facist Italians needed more than a Jubilee in 1933.

    Jun 10, 2012 10:49 PM

    My Indonesian gf has been buying grams of gold with her salary since gold was $900 per ounce.
    As a university graduate public school teacher she makes ten dollars a day,walks an hour to work and then an hour back.
    She gets paid for seven months in one calender year with no holidays paid for,no medical,no insurance.Nada.
    The point is ,with my assistance she has invested all of her salary in the last five years into pure gold and has enough savings now to buy land or even a small home here in a capital city with millions of people.
    Her savings in gold have done much better than using a bank account storage in Indonesian Rupiah.
    Gold is not just insurance,it has been a very profitable savings plan route.

      Jun 11, 2012 11:58 PM