TFMR Podcast #18 - The Return of Ranting Andy

Second! :-)

ranting 4th! ok ranting 5th in honor of Andy

Yes some of us do understand history and many herein have prepared for what is coming.  At my age, I probably will be one of the few on board who can teach the proper use of : A hand crank butter churn, a slide ruler from the 60's, ink well, and a #2 pencil with pad for addition, subtraction and multiplication. ( I can remember going to the store for food and the clerk added the prices by hand).

It will pay to know your neighbors and several farmers in these days.  Katie Rose could teach more than I.       jmo

What he said!

Right under a podcast where you interview a guy who says to pay zero attention to what is published in the CoTs because the positions give no indication as to what will actually happen to the price, you drop this post stating how the CoT is very bullish.  Just gave me a chuckle.

I agree 1000% with Andy about lawsuits and civil actions of any kind being absolutely useless against the CME/CFTC

at this point...If you think about it, we're talking about an ongoing crime thats absolutely positively needs to continue, because......if it stops, the system will rapidly implode. There are probably some evil scumbags in the wheelhouse along with some other people who are absolutely scared shitless to change course........TPTB know damn well whats coming if they take their foot off the throttle.......they can't do it, they wont do it. If Lehman scared the shit out of them, imagine how they're sleeping at night lately. It's a fucking nightmare.........   So the protocol is "all hands on deck" and that means CME, CFTC, MSM and and anyone else who knows how to bail..........after all our "national security" is at stake, right?

And let's not even pretend that this isn't how they're selling it............. come to think of it, maybe that's how they're managing to sleep at night, by bullshitting themselves, that.....and a fifth of Jack.

I for one need this kind of podcast, except for this site sometimes I feel like I am all alone. the paper side of this market, has cost me a bloody fortune " my bad for still playing, although much more cautious now ". but I stacked early, and that I do not touch, and a good rant like this from andy, helps me stick to my guns " I also stacked them early on ". thanks again for what you do.

lakemike

Good job man! You have won! Interesting how Andy doesn't pay attention at all to the price....you hear everyone saying not to pay attention to the price all the time, but Andy literally doesn't even look at it. 

When it comes to the price I look at it only to compare the difference in premiums when I'm purchasing.

$25 or $45 makes no difference to me...I just want to know if Maples for $2.50 over spot is the best deal I can get.

Trading is another matter.

Today's KWN interview with Mr. Sprott featured yet another call for people to get out of the banks.  I suppose it's not an unusual message for Turdland.

People should worry significantly about having money in a bank.  They should have a good part of their portfolio in physical gold or the mining shares.  It’s so obvious they should be a winner.  

(note - I'm with Ranting Andy on the mining shares)

It prompted me to go back and look at his talk at the 10th anniversary of the Sprott School of Business at Carleton U.  The video was marked 'private' for a while but they've since opened it up again.

Imagine: Speaking at the business school in his name, in the nation's capital, and giving two powerful messages:

1. Your money is not safe even in Canada's banks (sure sounded like an invitation for a bank run to me).
2. The business school education sucks.

Given the context, this is one powerful message.  The whole thing is worth watching, but THE MAN starts at about 37:40.

http://www.youtube.com/watch?feature=player_embedded&v=vO6SvWq_tOY#!

As a kid I developed a love for collecting coins, filling books with all the dates. Early 70s I spent all my paper route money, $5-10 per week, on type and date coins like merc dimes, standing lib quarters and walking liberty halves. I was in awe of pre-1933 gold. Of course I owned none...totally unaffordable.

So as I wait for my pre-1933 liberties to arrive in the mail, adding to my decent stack, I am again in awe. I am not rich. I don't pull down 6-figures, yet I hold the physical money of kings. What a great thing for an average guy to know physical 100 year old gold coins are flowing my way.

The price must be too low for average guy like me to be able to get them.

Re: silver as a monetary metal. It was money when I was a kid and for 5000 years before that. It's in our genes to see it as money.

Disclosure - I am 64:1 silver to gold in ounces.

Thanks guys for your passion getting the word out. With all the paper lies on the air waves (CNBC) and in cyberspace (Market Oracle, etc) , you both provide the constant repetition (teaching is repetition) of truth about honest money. Hard working people's wages and ability to provide for loved ones will be protected if they listen to your advice. 

Stacking is fun because there is an element of righteousness in it. Providing for family when hardship hits, weighing out honest money....The book of James excoriates the"rich men who...steal the wages of the worker"... this is the Fed, govt, JPM, etc. as they cheapen our money that we earn through hard work. You guys who provide counsel and at the same time make it so much fun for the metals community to stand against this evil are on God's side. (in my humble opinion)

...in simplicity of design. Just a beautiful coin... prettier and more appealing...and a little rarer than the Liberty because the Liberty was coined for so MANY years...about 50 years. Liberties are the best deal though. I own a couple Indians, but more Liberties because they cost a little less.  Gold is gold-- know what I'm sayin.... 

damn skippy!

Only in modern times has a person been able to work for a McDonalds salary and buy gold teeth, gold rings, gold chains and gold coins with it. 

It ain't gonna last much longer either...

When gold is 5K we'll see how many mickey dees workers can afford a $5200 AGE.