Companies, Precious Metals and most certainly Politics

September 1, 2012

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Politics and investing is the name of our game.

In this show Al discusses:

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Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

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    Sep 01, 2012 01:17 AM

    50 to 1 Silver resource expansion in Mexico at Aurcana. Income up 50%. New mine coming online in Texas end of the year. Way to go Lenic and the Aurcana team! This company has been quietly tearing it up the last 2 years and I have a feeling now they are going to be on everyone’s radar now. Thanks for getting the update Al. I had seen the new releases online, but it is good to hear Lenic expand on the details.

      Sep 01, 2012 01:16 AM

      La Negra has increased their reserves at 50 fold. Unbelievable and huge in size.
      There is also 13 more zones to explore. This might turn out to be massive in size.

        Oct 28, 2012 28:20 PM

        I always liked puilbc transportation in Philly. And I’m glad to hear that you have already begun to enjoy the Phila. Free Library. Such a wonderful building.Have you taken the side tour of the Rodin Museum yet?

    Sep 01, 2012 01:05 AM


    For the life of me, I can’t remember the name of the company that you have previously reviewed that is starting up a cobalt mine and is in the refining business in North central Idaho……………………………any help?

      Sep 01, 2012 01:03 AM

      Possibly Formation. FCO. V

      Sep 01, 2012 01:33 AM

      Formation Metals.

      Sorry about last Thursday night!

      Big Al

        Sep 01, 2012 01:41 PM


        You obviously were not cheering hard enough per our understanding but nontheless will cheer on tonight for the Dawgs….albeit mildly in deference to Marc’s no doubt delicate Aztec’s sensibilities. BYU has a great team. Leech will need more time and talent.

          Sep 02, 2012 02:20 AM

          Morning Dai Uy,

          Yep Leech needs some more soldiers.

          Last night’s game was good but not great!

          The Aztecs kind of turned it into a game. I was kind of happy with the Husky defense.

          Sent Marc a couple of e-mails from the game. I will put up the pictures I took on the site.


          Big Al

    Sep 01, 2012 01:39 AM

    My three favorite periods in history are The Industrialization of Great Britain (1750-1850), The French Revolution (1789), and The US of A in the roaring 1920’s. All great times of gusto and go go when there is a torrent of change.

    The French Revolution in 1789 was brought about by the debasement of their fiat currency. Then the rabble which the sheeple were called back then brought their anger to the streets and The French reign of terror under Robespierre and the guillotine began. After several years of insurrection an opportunistic Corsican captain in the French artillery seized the moment one day and gave the mob a good whiff of grapeshot and this was the beginning of the road to dictatorship and The Napoleonic era. I am wondering if we could see a similar fate for the US of A.

      Sep 01, 2012 01:37 AM

      Anything is possible Machine Gun!

      Big Al

    Sep 01, 2012 01:53 AM

    Segment #3, I agree with Trader Rog that the US dollar will fall to 46. or 40.
    Of course I don’t want to see this. However being prepaired for all things
    is why we are in PM’s and currency markets. Best to all.

    Sep 01, 2012 01:54 AM

    Hey Jerry OTB,

    What part of Flahri-dah do you live in? I might been doing a project in the Orlando area in the next little while. I might be able to say ‘hi’ in person.

      Sep 01, 2012 01:54 PM

      When you find out where Jerry lives let me know so I can bring my pick-up truck , a strong box, and a metal detector. Irish was heard mumbling the other day that he needed some platinum to add to his Fort Knox gold stash.

        Sep 01, 2012 01:58 PM

        It’s a little known secret, but Jerry is the buying and selling agent for Fort Knox. He’s probably busy counting right now, just to see if those 8,000 tons are really there or not.

      Sep 01, 2012 01:44 PM

      HI JOHN…..thanks for thinking of me…..but,I am back in the midwest, some place they call Indiana….Indian Territory…I am back for the summer, but, will be back in Fla. in the winter….we were in Gainsville with my son…who was teaching latin at the Univ. of Fla,until June….

      What will take you to Orlando, ? Are you going to Chicago Convention in Sept…?

      Btw….You promised you would not tell anyone about FKnox., Well , since the secret is out…..I will confirm, that all the gold in Ft. Knox is gone, and that Michelle and Barry were instrumental in backfilling the hole, which Irish and the little people left behind after digging their little hearts out, it was quite an accomplishment…I can assure you that all the gold is in good hands….and all the silver also….We promise to take a full accounting of all the gold, when He.. freezes over,,,(that is what Irish said to say), Irish stills feels that the gold might be worth something some day….O well, we will see….

        Sep 01, 2012 01:57 PM


        Ooops. Sorry I blabbed. I wonder if they dug a hole so deep, it went clear through to China? Maybe that’s where all the gold went. Wouldn’t surprise me.

        Some of the good folks there are looking to procure some technical services. If we go ahead, I’ll be in the area for some time. Gainesville is just a little north, so if you return, let me know.

        PS I removed some equipment in Ft. Wayne 3 years ago. Was only -28 F. I did pretty well for a Phoenix kid. Hyatt House was a nice compensating factor (no, I don’t usually stay at a Hyatt when consulting…wish I did…)

    Sep 01, 2012 01:59 AM

    File this under the heading: Gee, Ya Think?

    The article isn’t so amazing, other than the fact that a mainstream CEO and his comments were reported in the MSM. I think everyone on KER has understood this for 3 years now.

    Sep 01, 2012 01:02 PM

    There is no intrinsic value to gold, this miniature rally in precious metals is a burp in the grand schema of things.

    Go Greenbacks and GO Packs!

      Sep 01, 2012 01:14 PM

      Hi SilverFox, I’m glad that you don’t see what’s going on yet because then gold would truly be in a bubble and it would be time to sell. Go Ben Bernanke and go Joe Sixpack!

      Sep 01, 2012 01:55 PM

      Hey Silverfox,
      I would LOVE to get back to the dollar index of 1.20 PLUS…aint never goin happen. I wish it would. Hey, it would be a h___of a lot easier on us. But, the Chinese, Indians and Asians dont care what I think….I think it would be wise for you to consider the fact that we arent the big boys on the block anymore……about 2.5 billion say so. THERE IS STRENGTH IN NUMBERS.
      All the best,

        Sep 01, 2012 01:46 PM

        I BET SILVERFOX, IS IRISH’S SECOND NAME….., remember, ole Irish, wants the silver….and he will do anything to get it….

    Sep 01, 2012 01:15 PM

    Nice to hear from Jed. I have wondered the same thing — how could Au go down — and like your rational, particularly that the shorting action is exhausted. I think GATA would like it too.

    Sep 01, 2012 01:51 PM

    Someone else may already have asked, in which case I apologise, but when, in discussing gold and upcoming money printing with Grant Williams just now, you
    stressed the need to invest in “hard assets” I wonder what, exactly, are these?
    Do you mean Property? Resource stocks? Commodity futures?

      Sep 01, 2012 01:02 PM

      Hey Zogeel,
      Welcome..Big Al, if I may. Hard assets are anything of value that the government cant bastardize, print and/or debase…i.e…, silver, oil, food (agriculture), base metals, real estate (farmland), uranium, coal, etc. You can buy the asset or the companies that produce those hard asset products or other companies that are vertically integrated and/or related to. An example would be gas/oil service equipment companies. The majority of my hard assets are PHYSICAL PRECIOUS metals. Future contracts are also an option. However, not my area of expertise. Hope this helps!!
      All the best,

        Sep 01, 2012 01:02 PM

        Geez, of course MINING COMPANIES too!

    Sep 01, 2012 01:28 PM

    Thanks Marc.

    Sep 01, 2012 01:48 PM

    Actually Marc, the government can indeed “bastardize” hard assets just as they can any other asset, for example by imposing a tax on such assets. The US election upcoming is a watershed: on one hand a return to the principles of a Constitutional Democracy (yes I mean a return) and on the other a Socialistic/ Fascistic Dictatorship. I don’t see any assets located in the US, or owned by US citizens wherever located, as being shielded if the wrong choice is made.

      Sep 01, 2012 01:58 PM

      Unfortunately, you make a point. Oh well, all we can do is try to “weave and bob’ the best we can.

      Sep 02, 2012 02:35 AM

      Paul L.,
      Did you catch the last line – “One last warning – never put a boeing 747 up you nose – no, I dont”……funny….very funny! Thanks for the link!

    Sep 02, 2012 02:35 AM

    I listened to the show in the car yesterday. Good show.

    Al, do you agree money is created out of thin air?

    If so, are you aware Trillions were funneled to private entities for the 2008 bailout?

    And if so, why do you still insist that the people of the sovereign countries of planet earth impose fraudsterity on themselves, their friends and their families?

    Are you of the “let them eat cake” fold?

      Oct 28, 2012 28:47 PM

      Wish I found your cards last year when I really nedeed them! Hope I never go thru anything like that again but I will remember your blog if I do and they are not in the stores. I agree they need to be in stores. My local head shop would definitely sell them.

    Sep 02, 2012 02:32 AM

    Very interesting and I think strong, argument by Bill Still on the max keiser website today.
    I was hoping Al would get him back on.
    Also a piece about Norway writing down mortgage debt.
    I remember 08 the idea of the U.S. gov. paying off everyones mortage for people 55 and older under the conditions they retire for some years and buy a new car. Banks get their cash, auto industry saved, 1 million jobs open up and the velocity of money increases for a heck of a lot less than was givin to the banks and auto companies. But of course the money went straight to the banksters and car companies if they wanted it or not,.
    Just more evidence the gov and banks intend to create poverty imo.
    Write in R.P.

    Sep 02, 2012 02:22 AM

    Below is a posting near the end of the Clint Eastwood thread…..thought I would cut and paste it to the Weeekend Show thread….FYI:
    On August 31, 2012 at 7:03 pm,
    Dennis M. O’Neil says:


    You would think after a Republican National Convention all that could be said would have been not only said but also met with rousing cheers.
    This observer saw a plethora of words avoiding the target.
    After forfeiting one day due to a common wind and rain the next three days lacked for the most part a fire for effect message.
    Politics is not a kid glove event.
    Sometimes it is known that the adversary is not a gentleman.
    In such an instance the adversary should be treated as such.
    Why not fire for effect.
    We currently ignore the distinction between an argument on the merits and a naked derogatory remark.
    In the scheme of things we think nothing has changed.
    But history indicates available merit based punches were not pulled.
    Andrew Jackson’s wife was brought front and center in a sultry way.
    She died before President Jackson arrived to the swamp of DC.
    When an easy target like President Obama is treated by the straight-eight-inch-hair-parts with such deference I can only conclude we witness a façade.
    A façade similar to the Western town sets Clint Eastwood presented justice.
    Do we live in a Potemkin village?
    Is it not true that truth is waning?
    Is truth fading from our conversation?
    Why not talk about…..politics…religion… at dinner….or at the local pub.
    Truth has been banished so evil can win.
    It is now or never that the unafraid speak up and deny restrictions on what is proper to discuss. There may very well be dinner salads left unattended. What a small price to pay in the scheme of things!

    Sep 02, 2012 02:38 AM

    i urge everyone to go see 2016
    very well done
    very informative

    Sep 02, 2012 02:22 PM

    Grandich interview worth listening to if anyone missed it:

    Sep 02, 2012 02:23 PM

    Quote of the week:
    Art Cashin in RE interst rates when interviewed at KWN:
    “The world kind of turns upside down when we get into a sub-zero environment.”
    This reality in light of the fact that the sub zero interest rate environment is already here…..begs this question……why is no one talking about this!?

    Sep 02, 2012 02:12 PM

    Here`s some stuff people may find interesting:

    Unfortunately, international bankers, and politicians have built a system which serves the interests of a fraction of 1% of the population. Wealth is extracted from the producers and funneled away via compounding interest based debt.

    Alternatively, Ithaca, NY has had a system where money is created without a debt, or interest. Then the local currency cooperative loans the money out without interest. Why should anyone charge interest for invented money? Their local credit union(bank) borrowed $30k(equivalent hours) from the local currency cooperative WITHOUT INTEREST.

    Sep 02, 2012 02:42 PM

    Silver Fox…you might be right, except that for 5k years people have believed in pm’s giving them their value….and 600+% gains in 12 years isn’t bad either….i wish you luck with anything non-resource/ non-asset based….AL your first speaker is bright, but he had his figures wrong in spite of having his facts largely right….8100 tonnes equates to roughly 1/2 trillion, not 1/2 billion. Partial or full backing of currencies with pm’s would be wonderful; Canada is safer economically because of our massive resource economy partially backing our dollar…with the right leadership this could be a duality of being Canada’s century as well as the rise of China. If only we weren’t so darn modest and polite and politically correct a nation we would have been the richest country in the world years ago.

    Sep 02, 2012 02:52 PM

    Mr. Proud canuck, We probobly will move to some kind of PM standard, but because it is corrupt and easy for the banksteres to steel even more from people.
    Yes, there will be some short term gains for those that aquire PM’s before it happens but overall it could be a very bad thing.
    Everything should go pretty well with fiat if Government borrowing and fractional reserve lending were eliminated.
    Today there was an excellent discusion on the topic with a video of Bill Still on the Max Keiser site.

    Sep 03, 2012 03:18 AM

    Seg 1. your guest’s math regarding the value of US gold holdings is way way way off.

    Sep 03, 2012 03:44 AM

    Even The Wall ST. Journal say’s Gold Mining Share’s are Undervalued….King World News.

    Sep 03, 2012 03:03 AM

    Silver trading with a 32 handle with 1/2 hour to go in London Trading.
    AU .5% away from 1700.

      Sep 03, 2012 03:07 AM

      Hey all,
      I am NOW going through a 45 minute INTERVIEW with FRANK GIUSTRA, the billionaire, mining magnate of LIONSGATE FILMS…fascinating and right on! Please review….HIS BET…of course, GOLD, SILVER AND HARD ASSETS.

        Sep 03, 2012 03:48 AM

        Link to Marc’s suggested interview:

          Sep 03, 2012 03:20 PM

          Marc…..thanks for the head’s up Re F. Giustra…………DENNIS thanks for the link…..I have just watched it , although its a bit long, 45 minutes, i think it’s worth the listen…Very interesting guy.

            Sep 03, 2012 03:32 PM

            MARC…DENNIS. I fear most might miss the link, i suggest putting it up on Mondays Blog.

          Sep 03, 2012 03:21 PM

          Thank so much…if anybody cares about hard asset investing…this is a MUST WATCH INTERVIEW! That includes YOU…silverfox!

    Sep 04, 2012 04:44 AM

    Well, I guess economic freedom is not the only thing to worry about…

    Chris Hedges believes it is time for organized nonviolent resistance to the cabal of corporate and government interests combined to destroy our liberty. In an interview with, he claimed, “The electoral process has been hijacked by corporations. The judiciary has been corrupted and bought. The press shuts out the most important voices in the country and feeds us the banal and the absurd. Universities prostitute themselves for corporate dollars. Labor unions are marginal and ineffectual forces. The economy is in the hands of corporate swindlers.”

    Sep 05, 2012 05:11 AM

    Are Al and Rog on vacation?

    Here`s some more info on how well we are being looted and how it is presented as business as usual, move along or we’ll disappear you…

    “I am a Wall Street insider who knows the global money game. Please allow me to walk you through and show you how money really works. We are now in the midst of a transition period to a new monetary system, and the greatest transfer of wealth in human history is already well underway. In the literal sense it is grand theft on an unimaginable scale being perpetrated by the world’s major banks and fostered by our policymakers. This book “The Politics Of Money” details for you the truth behind the guise and how you can make it all work for you starting today.”