A2A with Dave Kranzler of Investment Research Dynamics


This week's A2A webinar guest was our old pal, Dave Kranzler. Dave generously gave us about an hour of his time and we made the most of it in this thought-provoking discussion.

Just a few of the topics covered include:

  • The history of DeutscheBank and how this is all still relevant today
  • Jim Rickards and his role as a "spokesperson" for gold
  • The relative safety of working with different custodians and online clearing firms
  • The benefits of owning shares in streaming/royalty companies
  • And, as usual, a whole lot more

I'm confident that you'll enjoy listening and, when you're done, you won't feel that you wasted an hour of your time. This is some pretty good stuff.



Sep 8, 2016 - 3:09pm


One for the money!

Sep 8, 2016 - 3:10pm



Sep 8, 2016 - 3:11pm


thanks for the early post. look forward to listening

Sep 8, 2016 - 3:22pm


FED'S LACKER: Case is strong for a September rate hike.


Sep 8, 2016 - 3:22pm

Joseph Warren re green thing

Know exactly where ya come from. Also remember when one family member supported a family and silver coins were money? I also remember when I was about 5th grade, my dad bought a large house for the 8 of us for $16,00.00. AND I remember watching Bonanza one sunday night and Tricky Dick interupted our favorite program to announce he was TEMPORARILY suspending the convertibility of gold?

MY GOD, I feel ancient!

Sep 8, 2016 - 3:29pm


6 + 1 from Turd puts me in the physical 7th position.... Lucky #7 again... I took numerology lessons from Christine Lagarde. lol

Joseph Warren
Sep 8, 2016 - 3:43pm


Lol ! As kids I remember an uncle telling us he used to buy a whole bag of candy back during the Great Depression for a nickel. We thought he was lying, just pulling our leg. Now I tell young people how we used to buy a candy bar for a nickel or a dime (for the better ones) and they were bigger than today's. They think I'm fooling <them>. They told me candy bars are $1.25-1.50 now.

Joseph Warren
Sep 8, 2016 - 5:31pm

Excellent A2A !

Dave has thought provoking views. And he & Turd have a great chemistry that makes listening to them together fun.

gold leader
Sep 8, 2016 - 6:00pm


Denver Dave is one of my favorite guys in the 'metals space' to listen to.

Sep 8, 2016 - 6:03pm
Sep 8, 2016 - 6:13pm

Federal Reserve asks Congress to limit Wall Street merchant bank

By Patrick Rucker and Olivia Oran

WASHINGTON/NEW YORK (Reuters) - The Federal Reserve Board recommended that Congress pare back Wall Street's ability to own physical commodities and engage in other aspects of merchant banking because of possible risks to the financial system, according to a report issued on Thursday.

U.S. lawmakers should repeal permission granted in 1999 for...


Sep 8, 2016 - 6:17pm

Oh yes, heard that MF Global reference.

Yes, there is always that counterparty risk with who ever you trade with.

I traded commodities at MF Global as it went down, then moved to PFG Best and that went down too, matter of fact I was at Lind Waldock commodities when the FX side went down. I seem to have developed an affinity for PM's in my possession since, lol.

Thank you Dave and Turd, that was informative and entertaining, we appreciate you.

Sep 8, 2016 - 6:24pm


And don't tell me otherwise. The custodian of the TFMR ETF assures me that I am an actual owner of first place, by way of a trust holding a combination of physical firsts, first futures, and OTC first swaps with rehypothecated Treasuries as collateral. Which is pretty much the same thing.

Sep 8, 2016 - 6:26pm

Denver Dave always good

Dave is kinda like our host. He has class, I'm not a subscriber of his(maybe someday) but he is one few I search and check his recent interviews all the time.

Sep 8, 2016 - 6:36pm

Old Hag Hillary

listening to the words come out of her mouth on MSM knowing what I know about her (liar murderer etc) just nauseates me.

Now I gotta go find that Zofran.


Sep 8, 2016 - 6:49pm

Silver miner x2 ETF's

Check it out, new x2 silver miner bull/bear ETFs:


Was just looking for leveraged ETF's for the next FOMC (since I "should" be able to trade on NYSE by then) and came up lucky with these. Fresh off the press today. Cant even find them on google finance yet!

Sep 8, 2016 - 7:10pm

Questions I did not ask

So IF the markets go into implosion would the miners ride the price swings through? (I would expect new lows with a rebound type situation) What if the currency devalues suddenly; would that cause sudden price moves upward in equities? (With zero desire on my part to sell anything for the US dollar.) Does a stock become priced in a new currency if a new currency is issued?

Are there multiple electronic claims on each paper share of stocks?

Is the thin layer of dollar bills between the sheet and the the mattress a deterrent to bed pests like mites? There's apparently a small farm of them on our eyelids. We can only see them with microscopes.

Sep 8, 2016 - 7:39pm

Dave's MSJ

My personal opinion, concerning Dave's Mining Stock Journal, is that it's money well spent (I'm a subscriber).

Great interview, Turd. Dave is one sharp tack.

Sep 8, 2016 - 7:40pm

Audio interview with Bill Holter

I think I'll be in the market tomorrow. A button to click on for interview is part way down the page.

Bill Holter: Newly Solidified Chinese Superpower Will Replace Dead U.S. Dollar (Interview)


Verus nemo
Sep 8, 2016 - 7:46pm

More on silver lease rate spike today

Nick Laird (www.sharelynx.com) emailed me to indicate that those enormous spikes in 2, 3, and 9 month implied silver lease rates today were an error and will soon be corrected. Whew!

Sep 8, 2016 - 7:50pm
Safety Dan Markedtofuture
Sep 8, 2016 - 7:54pm

Re:Federal Reserve asks Congress to limit Wall Street merchant b

Glass–Steagall Legislation

This article is about four specific provisions of the Banking Act of 1933, which is also called the Glass–Steagall Act. For the earlier piece of economic legislation, see Glass–Steagall Act of 1932.

The Glass–Steagall Act describes four provisions of the U.S. Banking Act of 1933 that limited securities, activities, and affiliations within commercial banks and securities firms.[1]

The Glass–Steagall Act also is used to refer to the entire Banking Act of 1933, after its Congressional sponsors, Senator Carter Glass (Democrat) of Virginia, and Representative Henry B. Steagall (D) of Alabama.[2] This article deals with only the four provisions separating commercial and investment banking. The article 1933 Banking Act describes the entire law, including the legislative history of the Glass–Steagall provisions separating commercial and investment banking. A separate 1932 law also known as the Glass–Steagall Act is described in the article Glass–Steagall Act of 1932.

Starting in the early 1960s, federal banking regulators interpreted provisions of the Glass–Steagall Act to permit commercial banks and especially commercial bank affiliates to engage in an expanding list and volume of securities activities.[3] Congressional efforts to "repeal the Glass–Steagall Act", referring to those four provisions (and then usually to only the two provisions that restricted affiliations between commercial banks and securities firms,[4] culminated in the 1999 Gramm–Leach–Bliley Act (GLBA), which repealed the two provisions restricting affiliations between banks and securities firms.[5]

By that time, many commentators argued Glass–Steagall was already "dead."[6] Most notably, Citibank's 1998 affiliation with Salomon Smith Barney, one of the largest US securities firms, was permitted under the Federal Reserve Board's then existing interpretation of the Glass–Steagall Act.[7] President Bill Clinton publicly declared "the Glass–Steagall law is no longer appropriate."[8]

Many commentators have stated that the GLBA's repeal of the affiliation restrictions of the Glass–Steagall Act was an important cause of the financial crisis of 2007–08.[9][10][11] Some critics of that repeal argue it permitted Wall Street investment banking firms to gamble with their depositors' money that was held in affiliated commercial banks.[12] Others have argued that the activities linked to the financial crisis were not prohibited (or, in most cases, even regulated) by the Glass–Steagall Act.[13]


Now the Fed wants to limit/eliminate merchant banks investing? They don't like competition do they? Here's more on the act: https://www.investopedia.com/articles/03/071603.asp

Safety Dan
Sep 8, 2016 - 7:58pm

$TLT 20 year bond ETF,

$TLT 20 year bond ETF, finally break through the triangle for a short

$TBT -2X 20 year bond ETF, inverse to $TLT, triggered long out of the triangle

Safety Dan
Sep 8, 2016 - 8:01pm

How to say ‘NO’ to

How to say ‘NO’ to vaccinations and smart meters

(NaturalHealth365) Vaccinations and smart meters – this pair of health threats seems to become more powerful, intrusive and ever-present by the moment. Now is the time to arm yourself with vital knowledge that can help you fight back.

Jerry Day, television / film producer and personal rights crusader, wants you to know the empowering truth – there are specific actions you can take to protect yourself against the invasive technology of smart meters and vaccinations. (watch the video – below)


Sep 8, 2016 - 8:02pm

@ JackPutter: Questions I can answer

Does a stock become priced in a new currency if a new currency is issued?

Yes, since the new currency will replace the old on a stated basis e.g. 10 for 1.

Are there multiple electronic claims on each paper share of stocks?

Yes, check the Overstock story.

Is the thin layer of dollar bills between the sheet and the the mattress a deterrent to bed pests like mites?

Yes, but most effectively if the bills contain cocaine so it's best to use $100 bills.

Safety Dan
Sep 8, 2016 - 8:14pm



Published: September 8, 2016

By Catherine Saint Louis, New York Times

Last week, the Food and Drug Administration effectively banned the antibacterial chemical triclosan from soaps.

But you can you still find it in your toothpaste.

That’s because the best-selling toothpaste brand, Colgate Total, convinced the FDA that the benefit of triclosan in toothpaste outweighs any risks.

Toothpastes that contain triclosan have “demonstrated to be effective at reducing plaque and gingivitis,” said Andrea Fischer, an FDA spokeswoman. Before approving the toothpaste in 1997, the agency requested that the Colgate-Palmolivecompany conduct toxicology studies, and the FDA ultimately decided it was safe and effective.

“Based on scientific evidence, the balance of benefit and risk is favorable for these products,” Fischer said Tuesday.

Colgate Total is the only toothpaste in the United States that contains triclosan. For some critics, the decision to take triclosan out of topical products but leave it in an oral product is a bit of a head-scratcher.

“We put soap on our hands, and a small amount gets into our body,” said Rolf Halden, a director for environmental security at the Biodesign Institute at Arizona State University, who has tracked triclosan for years. But through the gums, “chemicals get rapidly absorbed into the bloodstream.”

To Learn More:

FDA Bans Soaps’ Antiseptic Chemicals, Citing Questionable Safety and Effectiveness (by Matthew Perrone, Associated Press)

Chemicals in Sunscreen, Toothpaste and Toys Found to Damage Human Sperm and Prevent Fertilization (by Noel Brinkerhoff, AllGov)

Dial Soap Hit by Class Action Suit Alleging False Anti-Germ Claims (by David Wallechinsky and Noel Brinkerhoff, AllGov)


Sep 8, 2016 - 8:28pm

Chinese Billionaire Linked to Giant Aluminum Stockpile in Mexico

U.S. aluminum executives claim Liu Zhongtian, founder of Chinese metals conglomerate China Zhongwang, used a factory in Mexico to game the global trade system


Sep 8, 2016 - 8:37pm

Someone was describing the uses of tumeric

I was looking for a supply, and to read up on info if anyone might have a link. Much appreciation.

Sep 8, 2016 - 8:47pm

Jack Putter

Suggest you go to Amazon scroll down the page on "tumeric" and you will find many choices. I purchased Health Naturals tumeric with curcumin for about $15.00 per bottle 1000mg. They have arrived, but I have not used them long enough to say how effective they may be. Hope this helps.

Sep 8, 2016 - 8:50pm

As for my last post

I am browsing the posts following the interview with Dr. Janda. I am on the trail.


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