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How To Thrive in The New Economy

42
Wed, May 28, 2014 - 9:28am

As you know, my pal Dan likes to send over helpful videos from time to time. This new one touches upon some different subjects that we don't usually cover here at TFMR so it's worth a look.

In this latest show, Dan interviews Amir Adnani. In several past videos, Mr. Adnani has been mentioned as a future industry leader and this time he's the focus of the program. It's an interesting discussion, too, as they primarily discuss uranium. Not only is it challenging to run a natural resources business at present, as you might imagine mining uranium is particularly interesting in a post-Fukushima world.

However, opportunities abound regardless and this video lays out some of the possibilities within the sector.

TF

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  42 Comments

Safety Dan · May 28, 2014 - 9:34am

Dan can be a dangerous name on TFMR.. No worries..

dannyhaha · May 28, 2014 - 9:39am

Not gonna worry. Wouldn't be prudent...

Prices should spike soon; I am about to sell some PMs.

Damn the manip steams me!

Gamble · May 28, 2014 - 9:39am

Ok

piiper2 · May 28, 2014 - 10:00am

Just got an idea from his ZH posting https://www.zerohedge.com/news/2014-05-28/goldman-warns-dont-expect-larg...

As we know GS is one of the best contrarian indicator out there. This would mean that we are indeed getting some kind of surprise QE from ECB. My mediocre charting skills are also showing huge descending triangle formation AU/SI (even more so in SI) chart which is quite nicely completing around ECB meeting. If this breaks (admittedly rare occasion) to the upside, then we can expect to see old highs from 2011 as a rise equals to the "pole" of the triangle. I know that charting is quite meaningless nowadays in precious metals but as a closet Turdite I had to post my thoughts :)

achmachat · May 28, 2014 - 10:00am

I hope that you're getting at least spot price for your metals!

It's a shame that we don't have a functioning network between us Turdites to buy and sell at spot.

SilverSurfers · May 28, 2014 - 10:00am

For a top tenner. Just look at that, 19$ silver. Those dirty dogs. ggrrrrrrrrrrr

AC/DC - Dirty Deeds Done Dirt Cheap (Official Video – AC/DC Live)
Dirty Deeds Done Dirt Cheap by AC/DC (with lyrics)
Joan Jett - Dirty Deeds Done Dirt Cheap (Video)
achmachat · May 28, 2014 - 10:12am
Mr. Fix · May 28, 2014 - 10:17am

Exactly!

Mr. Fix · May 28, 2014 - 10:18am

As the old adage says: “Offer products or services other people are willing to pay for”.

 It's really that simple folks, don't bother complicating it.

· May 28, 2014 - 10:20am

I kid you not. Client came to me proposing to open a business that was essentially a mobile brothel, to be operated in the new Wild West, North Dakota. Images of raunchy women and dirty, smelly, desperate men immediately came to mind, not to mention the total impossibility of the concept in this day and age of strict laws and enforcement, except for banksters that is.

Anyway, it is a great idea for one willing to endure the risk, at least until the oil shale boom busts.

piiper2 achmachat · May 28, 2014 - 10:24am

What a truly great idea to establish a network for trading PMs, no premiums no traceability! I would even expand the idea to bartering. You could for example fix a guys car against 1 oz gold etc, well gold is money after all.

4 oz · May 28, 2014 - 10:43am

Really like Dan's stuff, especially the 'Man on the Street' or more accurately the -People on the Street- interviews he did a while back asking & showing people really didn't understand a lot of the stuff going on.

His interviews are informal & I like that, a little too much Casey Research flavored for my blood, but his dedication to financial independence always come shining through. He did some really good silver stuff several years ago; Always appreciate Dan's efforts........

Barfly · May 28, 2014 - 11:13am

If you want to find opportunity in this economy, you simply have to be aware that there are massive price distortions inherent in the kind of cornyism that runs rampant. Money printing distorts markets, making them highly inefficient by creating perverse incentives. This leaves value (a different concept than price) abandoned and neglected all over the landscape. Want to make money on a small or even bigger scale (depending on your starting capital), identify something that the market has made inefficient or a resource it is wasting and define a process to make it efficient and or utilize that resource. Wha' la' you've got a business plan.

My personal favorites involve local small scale farming, solar and wind power, recycling (especially electronic waste), & my personal favorite, telling people how they can grow their wealth in ways that don't utilize the banking system. Think about how oil companies or banks make money and then think about how you can cut in on their profit streams by doing something locally (plant a garden, for example), and you've got a business plan. Something the inmates of this insane asylum lack is confidence that they can be self reliant. Show them how. It works. I walk this path and I live it.

Go forth and do likewise.

ancientmoney Barfly · May 28, 2014 - 11:37am
ancientmoney · May 28, 2014 - 11:49am

"My personal favorites involve local small scale farming . . ."

----------------------------------------------------------------------------------------------

Yes, the elite are trying to regulate agriculture so small farmers cannot compete. The big agribusiness cohort has lobbyists flocking all over congress.

However, I don't think they can stop the trend of localized, small farming. I currently rent out part of my land to a local farmer, who sells the produce to local grocery stores within about 30 miles. I can take what I want for free of whatever crops he is growing as part of the rent.

I also belong to a local "shares" grower; I pay a set one-time annual fee, then stop by to pick up the fresh produce weekly.

People with money who want to do this sort of thing can find young, local farmers in their area and form a partnership to buy the land, and cooperatively farm it. The young farmers don't have the money to buy the needed land, or rent it as the case may be.

ancientmoney · May 28, 2014 - 12:16pm

"The media shows a great deal of concern about our debt of $17 trillion dollars and the fact that President Obama is adding $1 trillion per year to the total. The MSM is trying to get you and I to focus on the least troubling of our economic statistics. What the MSM is trying to get the American people see and feel is the metaphorical equivalent of showing anxiety of over having a simple cold when the person is has stage four cancer. There are two other debt-related numbers which are much more telling.

Our national unfunded liabilities (e.g. Social Security, Medicare, etc.) total a whopping $240 trillion dollars and this is not even the worst economic news.

As a result of the hijacking of our economy through the 2008 bailouts, the American people have been saddled with the derivatives debt. Nearly every economic publication estimates the derivatives debt to be in the range of one quadrillion dollars to $1.5 quadrillion dollars. Conservative estimates tell us that this derivatives debt, that has been assumed by the governments of the world, is at least 16 times the entire value of the assets of Planet Earth. This generation can never pay off this debt. Your children, grandchildren and even great-great-great-great-great grandchildren cannot pay off this debt. If the status quo were to remain in place, this debt could not be paid off in the 25th century, the 30th century, nor the 50th century. My estimates place the interest on the debt to exceed the entire value of the world's assets and the interest is increasing far faster than the governments of the world can even service the debt. Who is the debt owed to? It is owed to the first movers, the owners of the central banking system. And this is who is collapsing the system and George Soros knows this. In fact, he is working to this end."

https://www.silverbearcafe.com/private/05.14/toolate.html

· May 28, 2014 - 12:41pm

Uranium plays are only for people that want to get stupid weathy over the next five years. smiley If wealth doesn't interest you, ignore everything said in the podcaset. With near 20% of American's turning on their lights with nuclear power, it's a simple choice for alot of people, have lights or not. We can debate the virtues or lack of virtues of nuclear power and await for Tesla technology to be allowed on the market but until that time comes and you want to have enough fiat to buy gold and silver, uranium in your portfolio is a must.

Don't tell your grandkids that you saw the opportunity coming but you didn't do anything about it. Or you were so focused in the gold and silver space, you never considered all the opportunites to ensure their future. 

2015 could be the mother of all booms in commodities. Opportunity is here and now. Waste it at your own peril. 

ancientmoney Green Lantern · May 28, 2014 - 12:43pm

The problem with uranium, as I see it, is it requires you remain "in the system." You can't easily stack uranium.

If your view says that being in the system will work out okay, I think it makes sense. However, that is not my view.

That being said, to hedge the bet with say, 5% of your investable assets into uranium plays would be okay even for nuts like me.

ancientmoney · May 28, 2014 - 12:48pm

Maybe I should make some TFMR uranium rounds and ship them off special delivery to my friend, Trader Dan?? devil

tread_w_care · May 28, 2014 - 12:51pm

Do a lot of homework over on Seeking Alpha. One example of many:

https://seekingalpha.com/article/2239593-uranium-and-nuclear-energy-to-p...

I put together a watch list, these will all be good entry points for your research:

DNN 1.25+0.00+0.40

UEC 1.820.000.00

URRE 2.65+0.06+2.25

URZ 1.57+0.10+6.80

USU 3.30-0.07-2.08

ancientmoney TF · May 28, 2014 - 1:15pm

would be a nice gift for about 535 members of congress and another few thousand bankers and select pols.

Bollocks · May 28, 2014 - 1:18pm

and turn it into something that has real value pronto, because it's going to be pretty useless in time if it's kept in cash.

Good article ancientmoney, thanks for posting it. Soros is making some clear signals, it seems.

Barfly ancientmoney · May 28, 2014 - 1:24pm

We are part of a local CSA - community shared agriculture. We pay a fee every six months or so, and that works out to about $20 a week. They farm under power lines and median spaces around the city. They grow year round and the amount of food we get every week is more than we can eat and we usually process it into canning, vacuum bags, or the freezer. This is on top of everything our fruit trees and garden produces. It's fresh and it's local and it isn't grown in nutrient depleted single crop farms, so it's a lot better for you. 

As far as the large agricultural interests go, they are having mixed results. Recently, a number of local governments have banned GMO farming in their areas, and the great ADM push to buy up lots of farms a couple of years ago throughout the mid-west was ham-strung by the oil companies buying land to build wind farms and leasing it back to the farmers to still grow crops on. I think as awareness increases, a lot of people will recognize that their prosperity lies in doing business locally as opposed to allowing large corporate interest to extract all the local capital. That's why I don't buy meat at the grocery store, but buy half cows from a local organic rancher. One day, I hope to be able to trade him honey for beef.

P.S. - Turd, I like this interview and I know this guy is your buddy. But really, buying uranium mines is a little bit beyond my capital resources.

Bollocks · May 28, 2014 - 1:28pm

I can hear Dan furiously scribbling away at a new article right now wink.

· May 28, 2014 - 2:17pm

Turd Wants You!!! To stack the new TFMR Uranium Rounds! Free iodine shots to prevent radiation poisoning with every sleeve. Now with extended half-life of 6,785 years!

Get 'em while they're "hot"!!! (See what I did there? Hot??? As in radioactive??? )

Of course, we all know the government shamelessly manipulates the price of uranium...

ancientmoney Pining 4 the Fjords · May 28, 2014 - 3:02pm

that you can't easily stack uranium . . . you've made it easy as pie. Where do I buy?

Bollocks · May 28, 2014 - 3:09pm

You can get them here: https://traderdannorcini.blogspot.co.uk/

He got the entire production run surprise.

Urban Roman · May 28, 2014 - 3:12pm

, but just don't stack 'em too high. It has a built-in mechanism against hoarding.

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