Finally, a TFMR Bullion and Coin Affiliation

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It has been over a year in the making but it is finally ready.

So many of you have supported my efforts and you know how grateful I am for each donation and pageview. To recap, after the initial success of the blogspot site, I rather sheepishly began to include Google ads after about a month. (http://tfmetalsreport.blogspot.com/2010/11/very-encouraging-day.html) Almost immediately, it was suggested that I add a "donate" button so that people could freely give money to the site. I thought this was crazy but I did it anyway and hundreds of you have generously donated your hard-earned money in support. It was then also suggested that I establish a bullion and coin affiliation. The thought from several Turdites was: "I buy bullion and coins all the time. With an affiliation, at least TFMR could benefit from my purchases". This sounded like a reasonable idea, too, so I went off in search of the ideal company with which to partner.

Before I go on, let me state this clearly: There are a multitude of very good companies out there. Some, like Provident, advertise on this site and this new partnership should not discourage you from their services. They do a great job and should always be a part of your physical metal purchase process. ​That said, I had to pick one so, after significant due diligence, I settled upon Gold Bullion International. For background on GBI, you can check them out here: http://www.bullioninternational.com/. You may also recall this FOFOA piece which I first linked back in September of last year: http://fofoa.blogspot.com/2011/08/treasure-chest-2-game-changer.html

But then there was a problem. GBI was working on several other corporate initiatives at the time and was not ready yet for a retail affiliation with little ole Turd. I could have gone the easy route and moved on but that wouldn't have been the honest thing to do. I wanted to work with GBI so I was forced to wait. And wait. And wait. And wait some more.

Along the way, a retail platform emerged. For scale and efficiency, GBI decided to develop what they call the "Hard Assets Alliance". By going this route, GBI was able to offer affiliation services to a whole host of websites similar to TFMR. Today, I'm happy to announce my affiliation with the Hard Assets Alliance and I hope you will give it your consideration.

First things first, however. Please take 15 minutes to listen to the attached podcast. I'm joined by Ed D'Agostino of Hard Assets Alliance and Joe Yasinski of GBI (he's a Turdite, by the way). Hopefully, the podcast will answer many of your initial questions. Then, please head over to the HAA site. You can use this link:

http://www.hardassetsalliance.com/clk/cl/11/?affid=TFM&guid=&cid=

There's also a permanent ad for the service that I'm placing on the right side of the homepage. Clicking either the link or the ad will direct you to HAA and tag you as a referral from TFMR.

Thank you all for your continued support of the site. I hope you find this new service to be beneficial for all your stacking and preparation needs.

TF

Comments

The Green Manalishi's picture

Is this one of Turd's custom products?

Dagney Taggart's picture

@ thurd aye

Thank you. Emotion + friday + a bandwagon = bad I guess.

babaganoush2307's picture

@ The Green

that's epic

yescheekyyes

tmosley's picture

Hubba hubba hubba, money

Hubba hubba hubba, money money money, who do ya trust?

Turd would do well to encourage his readers to do their own due diligence, rather than taking insult at someone laying out a possible bad scenario.  We don't know the measures that he has taken to ensure that this is NOT a ponzi scheme, or that the back door of the vault opens up into JPMs vault or some such.  Blindly trusting the Turd's efforts at dd does not set a good precedent for future dealings.

Now, I listened to the podcast and read the site, but I still don't understand the mechanics behind purchases for immediate delivery, and had the immediate delivery option not been mentioned in this thread, I wouldn't have thought that that was even an option.

I read that someone upthread had dealt with these guys in the past, using their vaulting service, but has anyone ever bought anything from them for immediate delivery?  I am interested to know what their delivery fees are like, and get a breakdown of the total costs involved in getting silver from the time of order until it arrives at my house.

I am not, and never will be, interested in any vaulting service that advertises that they hold gold and silver for others, as those will be among the first targets in a confiscation scenario, and will be closely monitored for "money laundering".  But that is a personal preference, not an absolute, or even advise I would give out to the general population (preference is going to depend on your own situation, not just personal idiosyncracies).

But seriously, someone spell out the process for immediate delivery, including any minimums, fees, delivery times, maybe a list of items that are available, and the premiums (with the understanding that the last two items are subject to change).  That would be EXTREMELY helpful.

babaganoush2307's picture

May not be able to take delivery much longer...

Postal Service Posts $5 BILLION Loss

Posted by Adam English - Friday, August 10th, 2012

The U.S. Government is going to have to do something about to keep the U.S. Postal Service (USPS) alive within the next couple months.  But Congress has not bothered to act...

In the third quarter, ending in June, the company posted a loss of $5.2 billion, bringing its year-to-date losses to $11.6 billion so far. The third quarter 2012 losses were 70% higher than in the third quarter of 2011.

$3.1 billion of the losses are from a payment to the U.S. Treasury for future retirees’ health care. The USPS just missed a $5.5 billion payment and is already planning on skipping out on the $5.6 billion it owes later this year. The prepayments are unique to the USPS and must be put on the books even though they are not happening.

At the end of July, USPS was down to $2.5 billion in its $15 billion loan from the U.S. Treasury. Only $500 million in usable cash is on hand. By October, it could be $100 million in the hole.

Postmaster General Patrick Donahoe stated:

"We remain confident that Congress will do its part to help put the Postal Service on a path to financial stability. We will continue to take actions under our control to improve operational efficiency and generate revenue by offering new products and services to meet our customers' changing needs."

His confidence is sorely misplaced. Congress ended its session without any meaningful action. The Senate created a bill, but members of Congress criticized it without any real debate or alternative proposals.

That is making the situation far worse. Here is Donahoe's statement on what has been done and what he needs to keep the USPS alive:

"We will do everything we need to do, but we can only go so far. Congress needs to act responsibly and move on this legislation. We've got a game plan for the next five years. We'll make that happen. We've cut our workforce by one-third. But we need freedom for delivery flexibility, we need to eliminate the retiree healthcare prefunding requirement, we need to get a refund our overpayment in the [Federal Employee Retirement System]. This needs to be done quickly so that our customers are confident in the long-term prospects of this Postal Service."

And confidence in any program hemorrhaging $5 billion a quarter seems awful hard to come by...

foggyroad's picture

Reggie Middleton and GBI 8months ago

Give TF the benefit of the doubt and do some dd, then make an informed decision!

Sheesh, seems like no good deed goes unpunished around here sometimes.

Thanks for this service, TF!

Parts 2-5 here...

http://www.youtube.com/results?search_query=reggie+middleton+bullion+man...

and Hard Assets Alliance review...

And finally Turd's link...

http://www.hardassetsalliance.com/clk/cl/11/?affid=TFM&guid=&cid=

Cheers.

Lamenting_Laverne_and_the_Scoundrel_Suctioncups's picture

@ foggyroad - That video!!!!

@ Turd - Congrats on the new affiliation. Sounds very interesting.

@ LONER - What kind of connection did you find between GoldMoney and JPM?

@ foggyroad - THAT WAS HILARIOUS!! I have a sick sense of humor, so that one went very well with me. I am still gigg-cry-ling!

SilverFocker's picture

USPS

"And confidence in any program hemorrhaging $5 billion a quarter seems awful hard to come by..."

One needs to look at how that 5 billion a quarter was really acquired.........The 2006 administration put a death nail into the USPS by the requirement of funding the pension plan 75 years in advance.

It was a stupid move, they knew the ultimate outcome would kill the service through debt...........While the USPS has problems and is way over bloated, it worked, it was not perfect but it was one part of the gooberment that worked as intended.......until Bush's head got in the way.

This was another front and center manipulation move to kill an otherwise good product and 700,000 middle class jobs.

Hrunner's picture

I appreciate the option, Turd

And also appreciate your transparency about profit.  Now all you need is IRB and a couple thousand more friends to guard the vault in case (check that, 'when') the government comes for a little "help".

Everyone is so testy around here these days, it's kind of humorous to me.  Also is a great harbinger for a major change.  Reminds of folks stuck on a lost boat together bitching back and forth until someone realizes while they were arguing they came in sight of land.

bernank's picture

Turd, not trying to be a turd here

I didn't see that they delivered physical orders as well. I am sorry but I am not a big podcast listener, as I don't have 20 minute time slots free in my day often to sit down and listen through and through. Either way, congrats on setting up the partnership I sincerely hope it supplements your income, as I feel you truly deserve it. I have no hard feelings for you Turd, I understand that the amount of criticism you bear has hardened you. I guess I was just sincerely skeptical as from what I could tell in a quick lookover, it looked like this platform you are affiliated with was mostly centered on electronic trading of physical metal, rather than actually taking physical into your hand. Perhaps for the very wealthy turdites here this makes sense, but for a small stacker such as myself, this service looks pretty much entirely irrelevant. When SHTF, how am I going to get to Zurich to get my 800 ounces of silver out?

I understand now that they also provide physical delivery, but it just didn't seem like the selling point of the service, whatsoever, and the landing page was more of a sales-page format than product:price list like what I am used to. Just my two cents, please don't take it as an attack on you as you should know by now I am a long time fan of yours...

Roark's picture

@hrunner re transparency

Ditto. 

This is Turds site. He can advertise that he wants. And I also appreciate his candor. 

And yeah, it goes without saying (or rabid yapping) that everyone should have a usual and customary degree of personal responsibility and check out the product before thay buy.

Thanks again to Turd for building this little island for us.

Bollocks's picture

Huh?

Vast volcanic 'raft' found in Pacific, near New Zealand

A vast "raft" of volcanic rocks covering 10,000 sq miles (26,000 sq km) of ocean has been spotted by a New Zealand military aircraft.

A naval ship was forced to change course in order to avoid the cluster of buoyant rocks, located 1,000 miles off the New Zealand coast.

The unusual phenomenon was probably the result of pumice being released from an underwater volcano, experts said.

One navy officer described it as the "weirdest thing" he had seen at sea.

http://www.bbc.co.uk/news/science-environment-19207810

JimmyTheHand's picture

CONGRATS!!!

Congrats on getting this one off your plate Turd!!!  I will definitely have to give these old boys a look.  Hope you have a great weekend all!  :)

Patrancus's picture

To each their own, and please excuse me

To each their own and please excuse me if I don't trust my own mother to hold fast onto the goods, when the dollar is replaced and the shtf, when the chaos in the big cities comes, if you don't hold your own goods, you don't own it, and you will not be taking delivery of anything that would draw attention to that ownership (IRS) and here in the American republic because the FEMA camp is only a kerns throw away, we already know that most lack the will, and just about everyone will not have the time. Better to hold it in such a way that in the coming months and years if you and yours meet an untimely demise your goods return to the Creator God who made them in the first place.

El Gordo's picture

Suggestions on how to read a blog...

and how to deal with comments as well:

Take what you need and leave the rest.

Be Prepared's picture

The way something is said matters...

I can understand my fellow Turdites having questions regarding a new service, but to instantaneously jump to a strong conclusion without a lot of facts defeats the idea of our community.  The Way Something is Said is just as Important as What is Being Said...  Turd has earned a level of respect and has consistently shown his commitment to doing detailed analysis on everything he does....  Is Turd perfect?  No  Should you do your own Due Diligence?  Yes, absolutely.... but we should approach this like we are talking to a friend... and we should try to ask our questions the way we would want to be engaged.  I am reaching out to you because I don't agree with some members within the community are so quick to launch... rather than ask in a thoughtful way.  Again, you don't have to look at anything that Turd is presenting and you don't have to engage or believe.... I, though, would challenge us all to put our best foot forward as I believe Turd always tries to do...  :-)

OutLookingIn's picture

If its all the same to you...

Thanks. But no thanks.

No trails leaves no tails.

Possession is nine-tenths of the law.

If not held in your possession, then you DO NOT physically own it. There is inerrant risk, no matter how small.

Stackers stack while investors collect paper. Sorry, gold is gold. Paper is paper. Period. 

Puck T. Smith's picture

What's with all the H8ers?

I am not interested in the service Turd in offering.  I'm a small time stacker and I can still (barely) lift my stack with one hand, but if I were looking for this type of thing, Turd's endorsement would definitely tip the scales for me.  

OutLookingIn's picture

Re-post Sorry

Re-post Sorry

Dagney Taggart's picture

@ Be Prepared

Focusing on "how something is said" is for those that "want the delusion" (SRS). Tell me honestly which is ultimately correct:

a: 1+1=2 you godda**ed motherf*cker

b. 1+1=potato you nice gentleman

The nice thing about being a successful civil engineer is I don't sell a thing and don't need to. Our work speaks for and sells itself. And when we are presented a problem, we don't waste time with sunshine and backscratching. In other words, we don't bullshit and we don't lie. Bad things happen with real consequences and dead things when that happens. Granted I'm a love her/hate her type of girl but I'd rather that than an ass-kissing circlejerk any day. FWIW.

Still, your point is well taken regarding treating others as you would a friend. Our circle of friends expect this sometimes brutal honesty because of the consequences associated with complacency. Others want kid gloves, ultimately at their own peril.

jaw777's picture

@ Dagney

You obviously haven't been in the civil engineering business very long.  After 20 plus years I can tell you that what we say and how we say it are both important.  Clients need to be able to trust those they do business with and that requires more tact than you show here.

Also, teams of engineers work together to design important projects and they use the research and codes developed by those who came before them.  It is not one engineer sitting around and doing super elevation calculations.

Short Stack's picture

@Foggyroad re: Percy happy dance.

Yeah babies, I'm back.   Got tired-eyed from reading and decided to take a nap in prep for tonight.   Woke up and looked at the new thread posts and what do I see, Me.  That is, my body dancing on the screen.  Heads all different but, come on !

Foggyroad, you been video-taping me dancing through my bedroom window ?

I'll sick my kitty on you !

QE to infinity's picture

When SHTF, how am I going to

When SHTF, how am I going to get to Zurich to get my 800 ounces of silver out?

​Actually, if SHTF, the last thing I'd want would be to have 800 ounces of silver on my hands. It'd much prefer it to be safely stored internationally, in a safe jurisdiction, so that it's available to me on the other end.

To be honest, I didn't listen to the podcast here but I did read Casey Research article about this new way to buy and hold PMs and there are some points I don't like, so that I won't be using it yet, but may do in future if they provide more options.

The main negative point for me are that they are US-based, that may appeal to Americans so that they don't have to deal with reporting requirements but makes no sense to me (and wouldn't if I was an American, as then I would have still wanted an international diversification). If they introduce a non-US option, I will consider them.

Another negative point is that they only offer certain types of coins/bars at different locations. As I am based in Britain, I want to hold Britannias and sovereigns only, and that option, if available at all would only be available for London storage (I didn't check but doubt very much they 'd offer it anywhere else, may not offer it even in London), while I want to diversify internationally and store the metal OUSIDE the UK (and outside the US as well), preferably with a company that is also based outside the UK and the US. 

Goldmoney offers this, but it doesn't offer capital gains tax exempt coins, only (fractions of) bars.

HAA also requires a minimum order of $10K for storage, which is rather high for me, but I could manage if everything else was right but it isn't, not yet anyway.

A good point about HAA is that it does offer options to store coins. If in future they offer the option to store Britannias/sovereigns in a safe non-US, non-UK jurisdiction with a non-US, non-UK based company, then I'll seriously consider them.

A tip to those who are going to use them: even if you want to buy mostly large bars, it might be an idea to buy a few small bars/coins. This is because in a SHTF scenario (or even a less drastic one of another banking "glitch" preventing payment of storage fees) they will sell enough of your PMs to collect the storage fees, if you can't transfer cash to them. So it's better to have some small bars/coins for them to sell first, rather than losing a large bar because you can't pay a relatively small storage fee.

Dagney Taggart's picture

@jaw

I worked in one of the dull firms you're describing for the first 5 years. I have been a CivE for about 20 years and you know nothing of what we do or how we do it. Sorry that you have to work so hard pleasing your brand of "client". It's much better to have clients and coworkers with no ego. But we explicitly screen for such character flaws.

PS @Be Prepared & jaw: we don't actually talk that way. It was strictly an example to measure objective reasoning and similar to one put on one of our firms screening tests for a Tech we hired last year.

Planters's picture

Dag- GUM

Dagney,

I enjoy reading your posts and you viewpoint here is understandable, but what in the world does you career choice have anything to do with anything here ?

Your a civil Engineer  " Well DAG-GUM "

The HHA seems siliar to this http://www.apmex.com/citadel/default.aspx

Turd I think it is another option for stackers for sure, the only thing I read that I didn't care for was when/how your sell price gets locked in. I am small potatoes and 10geeez is too steep for lil ol mater. But thank you for the ideas.

Short Stack's picture

Deadville

Too dead around here for my blood.   Heading down to the boop-tube room and watch some John Wayne.

See all you turds tomorrow.

Roark's picture

@Dagney

You need a horse. Seriously. They teach you things you never suspected existed. Come to Texas some time and I will introduce you. You will be better for the experience.

BTW, the answer is C). 1+1 = 2. (nothing else needed)

Or D). 1+1 =2 (and I like your new slide rule)

Just sayin :)

ag1969's picture

Wow, just goes to show you.......

That every time someone steps up to the plate to do something right and good, all the naysayers line up to tell one why they shouldn't do it.  Watch out for the naysayers who jump to wild conclusions without evidence. 

Yeah, freedom of speech is a right, and it is great that Turd allows it here, but it is a measure of character where and when someone exercises that right.

Thanks for the referral Turd, I'll check it out.

ag1969's picture

Oh, and one more thing.....

I wish I had enough money to make you that whopping $650 fiat commission all on my own.  Heck, if I had that much, I'd give you 7 hundie just for shits and giggles.

Fat Willie's picture

Congrats and Thanks Turd

I, for one, will certainly give your affiliation strong consideration for my next phys purchase.  Congrats on yet another milestone.  And thanks for doing the things necessary to keep the site free.

FW

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