Great series of interviews.Nice job!

Al.
I have been listening to you for over 4 years,
and this is one of your best programs overall.

Hi Matt and Jerry,

Many, many thanks for your kind comments.

Thanks for listening,

Big Al

Big Al,
When are you going to start talking some sense? It’s OK, just keep playing golf, I’ll do all the thinking for you. Currencies are not “fiat”. Do you think they are just given to someone and are magically worth something? Currency is loaned into circulation. The borrower spends it, then has to capture it back to fulfill his debt.

There are currently only two schools of thought regarding monetary reform. Both were created by the parasitic “bankers”. The “gold standard” is where the “bank” rents out gold receipts for a percentage, and makes ridiculous amounts of free cash. “Wealth money” is what Lincoln and FDR did. That’s where the “bankers” transfer some of their vast amounts of parasited cash into state coffers for the purpose of use on infrastructure to bring the economy up and direct attention away from the fact that they are renting out cash for a percentage. If you truly want people to keep what they earn(which would be called “capitalism”), you’ve got to change the way cash is loaned into circulation. Lone a share to each individual as they enter the market. Full employment, no parasites, done.

Hi Al.
I agree with you that we all should have some of our assets in precious metals,but I disagree as to the proportion I feel that it should be at least 60% metals and metal stocks .Can anybody tell me what else they would have their assets in ?.

Hi Gerard,

You bring up an interesting point. Kathy and I happen to have about 80% of our capital in cash, precious metals and precious metals related stocks.

The difference between myself and most of our listeners is that I have been involved in this industry for over 30 years and I believe that I can separate the wheat from the chaff!

Most people can’t and they can easily fall prey to someone who might say, for example, “rare coins are where 60% of your capital should be; or penny mining stocks that they happen to be promoting; or whatever these “experts” happen to be selling.

It is extremely important to be really careful; work with a trusted investment adviser; and, learn about your particular investments yourself.

Best and thanks for listening,

Big Al

Hi Eric, Speaking of “fiat” currency. The verb fieri in Latin is used as the passive form of facere, which means “to do” or “to make”. I know this to be correct, because I speak Portuguese fluently as a second language, and Spanish somewhat. Both languages use derivatives of this latin word which mean exactly the same thing in their respective languages. Fiat is the third-person present subjunctive of fieri and means “let it be made” or “let it be done”. This is the closest transliteration we can make. Thus our use of “fiat” meaning, “Let it be done”. This is a legal term, generally exercised by a court, suggesting that the judgement, has the blessing or sanction of the legal system. Now whether it acually does or not is a different matter. But that is the implication. Now, its application can vary somewhat, but in the case of our currencies and most of the world’s currencies, I believe referring to them as “fiat” is linguistically correct. I think you are misunderstanding Al, as it seems to me that the point you are making is that the mechanism by which new money is injected into the system is that it is “loaned into existence”, which is, I believe correct. Your point on the mechanism, that fiat money, is printed and loaned into existence, without any tangible backing, actually makes the case for what we and Al term “fiat”. So you and Al are both right. I think you are just focusing on a different aspect of the same problem. Just my humble opinion. Regards.
Dan

Great show! I especially enjoyed Tony’s take on China.

Big Al,
I agree whole-heartedly with the above accolades on this weekend show. Great lineup of analysts, and very helpful commentary. For those of us who know that we don’t know everything yet, we depend on your show. Thanks again.
Dan,
Indian proverb: The wiseman knows that he doesn’t know, but a fool does not know that he doesn’t know.

Interesting comments in segment 7 from Roger Wiegand on the comparative performance of gold/silver mining stocks and shares in up and down moves intheir respective metals markets; the best ones seeming not to sell off much at all in down moves in the metals.

There was a London listed gold miner that seemed to do this for years and had a smaller downove in the credit crunch of 2008-09 than most, making new highs in 2009 and going off to the races – until recently when it has apparently rolled over. However the 5-6 year performance was fantastic for an intermediate producer.

Question for Roger: What to do with all these gold mining stocks that have still failed to make new highs abover their early 2008 peak? With gold at $1350 as opposed to $1000 in early 2008, what is their excuse? Or are investors simply missing out on bargains?

Excellent program and discussions guys! Thanks. Dave B.

Hi Dave,

You really have to take each company on an individual basis. A lot can and does happen in a three year period.

Give a me list of the companies you are concerned about and I will take a look and report back on the air.

We are having dinner with Rog in about 1/2 hour and I will tell him about your question and ask him to respond.

Best,

Big Al