‘Gold Confiscation’ Archives
Q & A Precious Metals Investing – Andy Schectman
Miles Franklin hosted a webinar on Febraury 13, 2012. The webinar allowed for participants to submit their questions on-line, regarding precious metals. Following are the participants questions and the answers provided by Andy Schectman. Q: Are safes at home affected by temperature and humidity and could that affect the metals? A: In [...]
I Bought Platinum Yesterday. Do You Want to Know Why?
READ THE FULL NEWSLETTER I lost count how many articles I read in the last 24-hours that concluded with the Fed's announcement yesterday's, that they will keep interest rates near zero at least until 2014, and that QE3 was "on the table," gold is now in a "risk-on rally" take off. It is a fact, central banks are now "printing money to a [...]
End of the Innocence
READ THE FULL NEWSLETTER Wednesday afternoon, and how to characterize today's action? Two words - LOCKDOWN and SPROTT! "LOCKDOWN," of course, refers to the stock market, as the Dow has been officially mandated to never decline, or, for that matter, even have material intraday dips. Unlike PMs, which are relentlessly attacked and [...]
Gold will sell for at least twice the current price in the next few years.
READ THE FULL NEWSLETTER Two years ago gold was $1,100 and silver was $16.18. The Dow was 10,725. Compare the performance of all three. Gold is UP 50%. Silver is UP 89%. The Dow is UP 17%. Gold has now crossed above its 200-day MA (see chart below) and is heading towards its 50-day MA, which stands at $1,678. If gold can close above $1,678 [...]
Canadian Bullion Storage Update
READ THE FULL NEWSLETTER Here is an update on the progress of Miles Franklin’s Canadian bullion storage program, operated from Lasalle, Quebec at the world’s premier secured armored guard storage company located in a suburb of Montreal, Canada. Miles Franklin Offshore Storage Program in Canada Joel Kravitz started building the [...]
A Few Thoughts on Gold Confiscation
I am going to lead off with an interesting email from one of our readers. He has concerns about owning gold. I shall attempt to answer his questions as honestly and intelligently as possible. Hi David, I joined your email list after hearing you on KWN, and I greatly look forward to your communication each day. I was an equity analyst in the [...]
If There Was A Gold Confiscation, It Would Be Directed At The ETFs
I am often asked if I think gold will be confiscated again. There are several ways to answer this question. First, if gold was confiscated - and that is far from a certainty - you would realize a huge profit, albeit in dollars, that you would get for your gold when you turned it in. Wouldn't that be better than not making the profit because [...]
Gold Is The First Asset That People Seek Out When Their Currency Starts To Fail
Here is a ridiculous "anti-gold" argument that keeps popping up and it is usually presented by people who should know better. In the last few weeks, I heard it from a graduate from an Ivy League business school and a prominent money manager. They said "what good is gold? You can't take it to a gas station or a grocery store and pay for a [...]
