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The Solari Report – 12 Mar 2009

 

This is the second week of the month. That means I am headed over to Westpoint, Tennessee on Thursday, March 12, to join Franklin Sanders and his family for dinner at the Sanders homestead down the road from their Top of the World Farm.

A lively dinner discussion will be followed by our monthly precious metals update by bridge call for this week’s Solari Report.

Last month, Franklin and I covered the most frequently asked questions that Franklin and his team at The Moneychanger get about buying gold and silver coins. This includes his Ten Commandments of Gold and Silver Buying You can find this mp3 in The Solari Report archives.

This month, in addition to your latest questions, I want to cover the questions that I and the Solari team most often get about the gold and silver markets.

We will also be talking about Stanley Kubrick’s movie, Eyes Wide Shut, and important family safety issues you should understand in regards to the proposed national health database. I recommend my latest article, “The Data Beast.”

If you are a subscriber to The Solari Report, you can post your questions at your private panel or feel free to also post them at this blog post. If you would like to learn more about The Solari Report and subscribe, click here.

12 Comments

  2. Any comments on the transaction cost of precious metals for the small potato people (<$100 a month)? The best deal I know about right now in California is 8.25% sales tax + 5-10% premium at buy + 5-10% premium at sell equals 18-30% total transaction cost. Or we can try buying out of state to avoid sales tax, my fool me once experience left me down almost 40% for the FRONT end of the transaction. Because of receipt problems I don’t know how much of the 40% was premium, even if premium was 10%, that would still be 30% on the FRONT end of the transaction. Someone please poke a hole in my numbers tell me I’m doing it wrong. The Solari audio seminars on precious metals to my recollection do not address how shipping and sales tax make entry into physical holdings of metals seem inordinately expensive. I welcome my experience being some unique instance but I am afraid it is not. If the best I can do is 30% total transaction cost, I need a 40% swing in price to recoop my transaction costs and get 10% net. Am I looking at this wrong? Someone please set me strait.

  5. What are the chances of us going on the gold standard now? Do you still think collapse is a couple or few years off? With Fema camps on military bases and spying on American info do you think it is safe to stay here? Do you think countries like New Zealand could be taken over by China? Or how about America? Will we have war on our soil? What is the liklihood? Will the country separate into FEMA regions Congress designated in spring 2008 with various areas going to various countries like the NW going to Canada and California going to China? What is the liklihood of the Amero of us uniting with Canada and Mexico? Why all the unrest in Mexico?

  6. Hi Franklin

    I want to buy $100,000.00 of silver, in part so I can play the gold/silver ratio, but the thought of storing, shipping, etc. approx 450 pounds of silver leaves me cold. What are my alternatives?

    LongOfTooth

    P.S. I’m in the process of looking into doing this through GoldMoney but there are unresolved issues which until they are clarified makes this an option I can’t take.

  7. Catherine,
    My head is spinning with the whole phenomenon around gold. This question came from “PayAttention” at http://www.emsnews.wordpress.com... and I’m repeating it here in the hopes that you pose this to Franklin and James Turk. I am too broke to contribute to GATA unless ten dollars would help, or a case of tuna fish to the Tennessee Hillbilly.
    >>> You do not find it unsettling that your tax dollars are funding the foreign Deutsche Bank so that it can continue to arbitrage the difference between CDS spreads and corporate debt discounts while selling short equity. This may sound exotic, however the February/March market crash has been funded by your retirement money. Can I put it any more directly to you?
    THE LARGEST SHORT POSITIONS ON THE COMEX GOLD FUTURES ARE HELD BY JPM, ANOTHER BENEFICIARY OF YOUR GIFT TO AIG. <<<<<

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