Description

Like clockwork, the Argentine peso collapses every decade or so, throwing the South American country into chaos.

For Steve Hanke, economics professor at Johns Hopkins University and director of the Troubled Currencies Project with the Cato Institute, the only way out is what regular Argentines already do whenever a new crisis looms large: convert their pesos to dollars.

If not dollarization, which has been successful in taming hyperinflation and government indiscipline across the world, he argues a gold-backed currency board would be equally effective.

Our weekly Discovery Group interview features Darren Klinck, CEO of Bluestone Resources, who describes an exceptional opportunity in one of the world’s highest-grade undeveloped gold projects.

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Meet the hosts

Brien Lundin is president and CEO of Jefferson Financial, which publishes Gold Newsletter and hosts the New Orleans Investment Conference. He has four decades of experience in investment markets.
Fergus Hodgson is the chief executive of Antigua International, a consulting firm that connects the Americas, and he is the roving editor of Gold Newsletter. Originally from New Zealand, he has been a nomad for the past eight years, and his personal blog is the Stateless Man.

discussions

  • Howdy all…first…this is awesome! lol I can’t believe I’m actually in it! Thanks everyone for doing this and putting this most excellent website together. So proud and happy to have a part. 🙂 Ok, so I’m looking to buy silver, but don’t know where to buy because a) I’m totally unfamiliar with the process an db) there seems to be lots and lots of options and it’s a little overwhelming. I’ve dealt with Amagi metals before, and I know they are pretty cool (one of their reps is ancap (they sponsored Speak Liberty NOW), and they’ve even posed on JT’s Facebook wall before…lol), and I’ve spoken to a rep with EuroPacific Capital previously. He was great, but they wanted a minimum of 5k or 10k )I forget which now). Shoudl I just go with a rep from somwhere, or does anyone have any suggestions? Thanks in advance! Cheers!

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  • This company is basically a full reserved bank that would be fully approved by Murray Rothbard himself. Their metals broker-dealer business is their cash cow today but they are creating a payment network that disintermediates banks and saves their customers money. They have a crypto broker-dealer and storage business as well but as prudent financial advisors the company’s management tries to educate the public about the virtues of gold ownership. The company acts like a fiduciary and seems much more trustworthy than market leaders like coinbase. Expanding into China with a customary 50/50 JV with a local company. Tough to predict the companies FCF going forward but it trades under 2x book value. Let me know what you guys think.

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  • Hi there! Can anyone give me some initial advice on where and how to purchase and store physical gold? I’ve never done this before and I figure this is probably the most trustworthy forum for such advice. A bit about my situation. I’m from the UK (Northern Ireland) and have bought gold coins in the past but these were always delivered to me and are in my own possession. I want to buy and store a much larger amount as safely as possible because holding this gold myself is not really an option. My reasoning is that I am considering selling my house and travelling around the world on a motorbike. Ultimately I would like to buy a rental property somewhere that would provide me with some passive income while I travel but would probably rule out the UK. This means I need to put the value somewhere in the mean time and it certainly is not going to be put in a bank! Thanks

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  • Speculators, Take a look at the recent Precious Metals Summit for 2016. It has a vast amount of company presentations but consider paying particular attention to the Ross Beaty interview and the other keynote presentations.   http://www.gowebcasting.com/conferences/2016/09/14/precious-metals-summit

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  • Hello, I’ve become quite keen on Jeffrey Rogers Hummel views on inflation. https://fee.org/articles/governments-diminishing-benefits-from-inflation/ That governments don’t get as much cash money as they used to from Seigniorage(money printing)…becuase of some details of the modern banking system. Hummels view is that the US Gov is more likely to actually default on it’s bonds than print it’s way out of it’s financial problems as so many of us libertairans often predict. Any way…. how are people actually calculating the revenue states are getting from seigniorage? There is constant mention to specific statistics in his works on what revenue governments make from printing money…but how are economists attempting to calculate this so exactly? “Almost none of the developed countries could boast seigniorage amounting to more than 1 percent of GDP, despite the fact that the study incorporated the inflationary years of the 1970s. Joseph H. Haslag’s smaller sample of 67 countries over a longer period, 1965 to 1994, finds that seigniorage averaged about 2 percent of total output for the entire sample, ranging from as low as 0.25 percent to as high as 9.98 percent (for Ghana).” However, I’m not smart enough to figure out how this is being calculated? When I Google — I see Seignoarge defined as the cost to money vs what the money is worth. (if it costs 1cent to print a dollar bill than Seigorage is 99cents). Pennies have negative seigniorage — cost the Gov more to mint than 1 cent.) But for the point Hummel is making it seems like a more sophisticated calculation? How did people figure out that for example in WW2 seignorage was 6%? Perhaps this is rather obvious? Thanks! –Luke

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