Silver & Gold: YOUR QUESTIONS ANSWERED BY RANTING ANDY - Part 1

[MrEnglishful]

10,000 ounces (spread around my falimly) taken off the market in this lovely big dip :)

[Econofresh]

2300 ounce of silver, and i'll keep them untill they make me rich. Untill than... Well, this drop doesn't matter for me.

[VICSWEB1]

SHORTAGE BULL again I can get all I want from CNI. 1-3.00 over spot.. this is just PROPAGANDA.  they said all this same crap in 1980. I agree criminals run thing but you gold and silver touts are just as bad.

[marshall2411]

@VICSWEB1 there is a coin and gun shop down the road.. The always have silver, never a shortage there.. I think silver will continue its rise though

[VICSWEB1]

silver lost for 2011

[VICSWEB1]

i say BULLLL your trying to sell silver/gold  your a HUCKSTER

[marshall2411]

@VICSWEB1 All empires end due to over expansion/welfare/warfare. Countries throughout history inflated their currency causing it to be eventually worthless almost everytime. Look at the German mark in 1919-1924, its crazy. The same thing SEEMS to be happening here

[mjb0183]

I looked up Miles Franklin's ASE coin prices and they charge about $3.80 over spot. Only a dumb schmuck would buy from them, IN MY OPINION!

[craigjones3333]

I'm giving the assumption that central bankers will destroy world currency's and it will be the people who will be lead to demand a new (gold/silver backed) currency. Up till the time this currency goes live, we will have a very valued asset in bartering. Are we to believe that the free market will determine the value of gold/silver once they have total control of currency's or the idea of currency? Hell they have done a great job controlling the idea of a "store of value" in money concept

[craigjones3333]

Hello SGT, great interview as usual. I need to ask this question...Even though the physical metal markets will clearly appreciate over paper, we will only have a short time to barter until masses demand a new currency. They will then set the price as whatever they want and we will need to trade the physical in at that price. They might even set a timeline and then confiscate thereafter. Either way, the physical value at that time is determined by them and only them, all this debate is useles

[MrEdwinauer]

Answer: no, buy more ounces.

[GOLDSILVERDUDE]

I have 257 ozs of Silver, do you think I should swap for cash? ROFL

[craigjones3333]

@GOLDSILVERDUDE Want to sell it? I will offer you spot at todays price

[nanabijou62]

Another plus for Canada is that the Central Bank of Canada is a Crown Corporation, which means the government owns it. So any profit on interest goes back to the government. And before the hairs on the back of everyone's neck stands up, just remember that the government IS the people. Government is just a tool of the people, it can be used for both good and bad. You just have to keep it on a short leash.

[moviematcanada]

@nanabijou62

Yes a Crown Corporation that is ran by a Ex-Goldman Sachs employee that doesn't not have to listen to the Government.

The International banksters took over the Bank of Canada in 1974, Canada no longer as it it did up to 1974 borrow it's money from itself at ZERO interest.

We now borrow it from the Banksters and our debt has gone through the roof Federal & Provincial to the point we are in the same shape as the USA in 2008.

We are screwed....

[nanabijou62]

@moviematcanada I did not realize the 1974 takeover or the Goldman Sachs connection. Good point!

[moviematcanada]

@nanabijou62

Yes it is an excellent point that my friends still think I'm crazy paranoid Alex Jones fan even though they don't even know who Alex Jones or Ron Paul is.

Just was told yesterday by my own family I send them too much information and if the title doesn't look entertaining they don't watch or read it.

We are doomed or I should say they are doomed....

[nanabijou62]

@moviematcanada There is a big difference between being paranoid and being awake and cautious. Both my parents lived in Nazi Germany or Nazi controlled Europe (Germany and Poland). A lot of people did not realize what was coming. Information was filtered and the ones who spoke out about the truth were silenced quickly. It can happen again if we get too fat and comfortable. It is our patriotic duty to keep government on a tight leash.

[nanabijou62]

@prefontainel I wish that Canada would take some pointer from Norway myself. They seem to weather through many a storm because they lean toward socialism (not to be confused with Communism). Allowing successful individuals to thrive is good, but wealth must be distributed equitably in order for the fabric of society to remain strong.

[nanabijou62]

@prefontainel I am no great fan of Harper, but if you compare him to the Democrats or Republicans in the US, even Harper's Conservatives (not the Reformer/Alliance portion) would be considered left leaning in the US. In order for Harper to stay in power in Canada, he must stay as close to Center as possible. Before Harper was the leader of the Alliance Party, he gave a speech to some US businessmen and referred to Canada as a Northern European Welfare state.

[FortitudeOfHeaven]

Gold and silver are much more attractive than fiat paper anyway.

[manu707070]

cash is trash

[Romulan112]

Excellent interview and video. ITs what STellaconcepts should of been but is NOT.

[MrMetalBreath]

Heads Up...You can't argue with math, science maybe, not math.

Thanks guys for telling it like it is!

[DAV93]

Silver is King

[solojam]

canada has 150% debt to income ratio, many people will be screwed in canada but the tax payers will pay for their welfare bills

[MyOwnYTAccount]

@solojam Canada also has no gold reserves. Mulroney, Campbell ant Chretien sold 350 tonnes of it for $400-500.

[solojam]

@MyOwnYTAccount canada will just have to go out on their own and become self sufficient and cut off all the welfare cause no one will be paying anymore taxes, and our gas will go down by half because we will use our own oil not sell it to US for more

canada is stupid ass system for the slave worker, its best to just go on welfare in this country

[clearasvodka]

Opportunity cost baby. Everything you buy that is not silver is preventing you from taking advantage of the low price in silver. Steak dinner - at least one ounce of silver. Weekend trip - several ounces of silver. With no return on investment. Load up now while you still can....

[EndTheFed59]

@clearasvodka

Ahh a fellow econ student. Opportunity cost of not buying Ag is very high indeed. The law of diminishing marginal returns doesn't apply to silver, the more I buy, the more marginal utility I experience!

[clearasvodka]

@EndTheFed59 Haha! Well said! And I can experience a WHOLE LOT...

[europa]

Unedited Ron Paul CNN Interview Shows Dr Paul Didn't Just "STORM OFF"

watch?v=dcxIwHME_fA

[TheBloodOcean]

I love the viewer question special, great q's guys and thanks SGT and Andy.

[acuriousbeast]

Happy Holiday's!!! 

[blackswanflea]

100% in physical? That's crazy! I'm only 95%:P I love Sinclair's "extended family" - we indeed are an extended family of the mind. All the best in our year - 2012.

[jimbobubbadj]

Merry Christmas Sean. Andy is great so is Jim Willie and the other guests that you had on!

[nickfl1980]

How about, going back to the gold standard and it's usery free?

[charronfamilyconnect]

isn't the physical gold and silver price driven by fear and fear alone? How long will the fear last? Will be become more magnified in the coming future?

[eyesonmedia]

I just bought mexican one ounce for 33 per at a local store. The facts on the ground are hard to sort out.

[throwerofturds]

SGT--iis it possible that mf global was crashed on purpose so that the commodities market in general would be de-stabilized ?. we all talk about silver and gold going up but ALL commodities show inflation . by destabilizing the market in general tptb keep a lid on inflation and try and strech it out even farther .

[penningtononlinebiz]

Good vids. Lots of helpful information.

[mkmason2002]

THE BOTTOM LINE IS: MEN CAN ALWAYS STEAL FROM YOU WHEN YOU'RE IN PAPER LEAVING YOU DESTITUTE. IT'S THE CHANCE YOU TAKE.

DO I WANT TO TAKE A CHANCE WITH MY EMERGENCY FUNDS TO LOSE IT ALL? NO WAY.

I'M IN TOTAL CONTROL.

MY PHYSICAL SILVER IS HIDDEN AND I HAVE THE LEAD TO KEEP IT THAT WAY.

WHEN THE SHTF IT WILL BE ONE LESS HUGE WORRY.

[gibbo675]

Cheers SGT.

[jimmyajp]

The paper Silver and Gold market PRICES are a JOKE!!!!!!. You can't buy a 1oz silver coin on ebay for less that $50, ive tried. Here are the item numbers for the ebay auctions that ended less than 24hrs ago

220916413422 SOLD FOR $51.01

370569443687 SOLD FOR $63.00

Ive watched many others all the same and all for more than $50 bucks.

The Silver and Gold paper markets are RIGGED and a JOKE and its time these criminals where exposed for what they are doing!!!!!!!

[dannydarias1]

@jimmyajp Lol. I am amazed at how people decide to believe in something and then try to make something of the real world that is all fantasy. Remember what happened to housing? Note that money is just a medium of exchange, EVERYTHING else are ASSETS. The more money, the more assets cost, the less money, the least they cost. I have been calling this for a while, but I would rather hold dollars than metals.

[MisterSilverBug]

Lol, silver sickness

[D33Lux]

Canada Is No Haven From US Dollar Collapse

blog (dot) bmgbullion (dot) com/economy/currency/canada-is­-no-haven-from-us-dollar-colla­pse/

[D33Lux]

SGTBull07 - I've been thinking, going back to a gold standard won't fix the current financial problem without going after those that are causing the problem. IF...Big IF Ron Paul get elected & try's to reenact a gold standard I don't see all these big corrupt banks giving up their gold & silver without a fight. The only way to have honest money is if its in the hands of honest people, & banks are NOT honest. This could spark a civil war between the working class & the corporatist parasites.

[CavemanOfTheYear]

@D33Lux our monetary system was not corrupted over night. Ron Paul wont be able to fix a century old problem in 4 years or even 8 nor is that his goal. But he has said, what he wants to do is legalize the constitution and allow gold and silver to be legal tender again. That would allow us to at least end our reliance on the Fed.

+ banks sell their gold into the market to keep prices low. the real hoarding is done by "royal" families and such who have had their stashes for centuries

[slobomotion]

@CavemanOfTheYear It would be very interesting if Paul selected McKinney as a running mate. I wouldn't even mind Ventura, but McKinney would do just fine. I know they'd all do their very best. The rest of the world is watching ... You know, Ventura is well liked in France? They were very impressed by him. They saw this as a cool side of the USA.

[johnnycaboosehead]

Wait a minute...

I love Ag...

but why would I take advice from someone who has an INTEREST in selling precious metals ?

Of course they're gonna say, "to the moon !"

A lot of us got burned real bad when it went from $49 back down to $30+ back in May...

I would have LOVED to sell a whole bunch and buy back lower prices...

I would have accumulated even MORE physical.

I think deflation is coming...

Followed by hyperinflation.

[1imtrying]

@johnnycaboosehead if you love Ag you are a moron. go back to your banking job and take off..

[johnnycaboosehead]

@1imtrying...

What the hell are you talking about ?!

Ag stands for SILVER !!

Have you ever looked at the periodic table ?

Banking job ?

You're so fucking stupid and ignorant it hurts.

[PurpleHeart1]

I think the derivative market will disapear when the US defaults, maybe around 2015-2016.

I don't see that soon, because it would make everything collapse.

[cooeypig]

Maybe Sprott will buy a silver mine outright and use it to fill the PSLV.

[FREEsilverGiveaway]

go Canada!!!!

[YouAreNotFree1]

Shortage.....BS. When was the last time you heard of industry complaining of shortages?

Yes, thought so.

Because, if that happened, the Silver price spike would be tremendous.

[natritious1]

@YouAreNotFree1 ore grades a continuously degrading, we HAVE hit peak silver production. If the price doesn't rise to match this, there will eventually be shortages

[YouAreNotFree1]

@natritious1

There will eventually be shortages in all kinds of things. We simply shift to alternatives. Already we have seen substitutes for Silver based solar panels.

Truth be told, no-body (except a few people on YT) gives a damn about Silver.

[natritious1]

@YouAreNotFree1 If there are alternatives then yes if the price goes up silver will not be used as much industrially.

I work at an antiques/pawn shop and we trade (buy and sell) silver all the time. There are plenty of people into the stuff

[moviematcanada]

GDP in Canada is actually over 86%, our Federal debt is separate from Provincial debt.

Combined we have the same debt to GDP ratio as the States had in 2008.

We are getting heavily taxed at 2 levels, Federal & Province

Ontario is dam near bankrupt, the largest population in Canada is Onario

[cooeypig]

@moviematcanada Isn't America's state debt separate from the Federal debt?

[rightsideofhistory]

@moviematcanada But Canada's total-debt-per-citizen is only around $16,000. Only a little more minimum wage (before taxes) for 1 year. To literally kill it in 5 years, even if everybody made $16,000, it could be done in an annual 20% payment of $3200 per year, per person, for only 5 years. Of course those millions making $50,000+ per year could accelerate this to 2-3 years debt-free. I have enough in savings to cover 15 people's $16,000. In the US total-debt-per-citizen is $180,000+... HUGE

[D33Lux]

@rightsideofhistory Problem is the system is flawed & corrupt. Why is it that tax payers aren't given a receipt to show what the taxes pay for & a break down of how much needs to be paid for each service. All we have are loan sharks (banks) getting paid interest for debt they created through Fractional Reserve Banking & governments turn a blind eye.

Restore The Use Of The Bank Of Canada Lawsuit

watch?v=x65_NJcZqgA&list=FLXHR­diHv8r9yeLOdhDkXxeQ&index=1&fe­ature=plpp_video

[moviematcanada]

@rightsideofhistory

You must be a Harper supporter with your math, Canada's debt per person is over $46,000 per person, Fed, Prov combined.

Our debt is broken up to different levels unlike the USA were it is against the constitution for a state to have debt or a deficit.

Canadians are just a screwed as the US it's just we are in denial...

86% debt to GDP is depressing.... and that is where we are in Canada no different than the states in 2008!

[CheekyMonkey888]

@moviematcanada Don't forget to mention that the Bank of Canada stopped printing our money interest free in 1974 and has since borrowed our money into existence at interest from, you guessed it, international bankers.

[moviematcanada]

@CheekyMonkey888

Yep Bank of Canada owned by the people ran by an ex-Goldman Sachs employee that doesn't have to listen to the Government, there is no way we can get screwed...NOT!

[TheRandian1]

Hey SGT

Could you take a look at this analysis on the fundamentals of gold relative to money supply and let me know what you think:

talsfinancialblog.blogspot.com­­/2011/12/gold-fundamentally-w­h­at-is-fair-market.html

[a10fjet]

I think china is playing a long game on the housing "bubble". They may be building up their cities while housing prices are relatively low, in preparation for the future

[bpartoens]

I agree with tesskansas. This interview is a great treat. I do not need anything else for Christmas now (unless it is physical gold or silver).

Thanks for spending the time to create such informative interviews.

Merry Christmas everyone.

[tesskansas]

What a great Christmas Eve Treat!

Thanks and Merry Christmas.

[whobrown]

@tesskansas well said

[frontier1701]

Excellent interview... Andy really has his poop together!!! Thanks for sharing!!