A2A with Willem Middelkoop

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Willem Middelkoop is an Amsterdam-based author and commodity fund manager. Somehow it had been over a year since we last spoke with Willem so we had plenty to discuss today. Please be sure to give this podcast a listen.

Among the topics addressed in this 49-minute call:

  • the current similarities to the run-up to The Financial Crisis in 2008
  • how the falling dollar is impacting commodities
  • why China values physical gold and the likelihood of a global reset in price
  • which commodities or metals might benefit from the changes described in his new book, "The Tesla Revolution"
  • the future of the euro and the possibility of it challenging the US dollar as global reserve currency
  • Willem's interest and opinion on the Australian mining sector, specifically Artemis and Novo Resources
  • And a whole lot more!

I'm confident you'll find this audio to be interesting and very helpful. Thanks again to Willem for sharing his time and expertise.

TF

  59 Comments

Dingo infometron
Oct 12, 2017 - 7:56pm

Is that strategy a takeover?

Would that be of KL taking over Artemis, De Grey and other tenement holders before mania sets in ?

Mickey
Oct 12, 2017 - 8:01pm

follow up from prior thread: wiping out PR debt

Per Ellen Brown and Pam Martens; 'what the Fed should do is QE it; buy PR's toxic assets just like they bought MBS.

That will help the banks and investors and is the moral hazard presented.

It is time investors especially the big banks and funds bear the consequences of their own bad decisions, buy bonds for example where they should have known there is no cash flow to pay debt service. Individual investors whose advisors buy this crap for them better have been told its high risk.

Its no different than the buyers of Illinois new 6 billion of debt. What kind of schmucks are peddling and buying this crap? The banks peddle it for their upfront, no risk, commissions. The buyers buy based on credit ratings that are too high, banks peddling the issuance and then the people not doing due diligence or using common sense.

what we need to do is heal the system which means somebody has to lose besides taxpayers. as it is, the losses of 75 billion wil result in ~20 billion of tax offset via write off. That on an investment that was tax free for federal purposes.

But what pushed investors to buy more risk to get higher return?

The Fed and monetary policies!!

So Chef, I do not think its such a hot idea.

So what happens to PR? IL? Other states following that path?

They all suffer with the consequences of their decisions. My view is pensioners have to take a haircut and IL and Madigan fighting it tooth and nail. They changed the IL constitution to "guarantee the benefits, which is killing state business and population. High income taxpayers are leaving and low tax paying individuals who actually take benefits and drain the system are moving in.

Those constitutional changes were made under duress and to counter a lie. for the benefit of the pensioners. These pensioners, used to go on strike every three years, and that was for the school districts, negotiating under duress. That should by law nullify deals. the whole thing is corrupted.

It is time for banks and investors et al stop looking to uncle sam to save them.

Wizdum
Oct 12, 2017 - 8:16pm

In case there are people you know..

...who haven't yet seen this from years ago, share it with those who need it:

https://www.youtube.com/watch?v=SkOf9grZ0jk

infometron
Oct 12, 2017 - 8:20pm

@Dingo

“The goal is not to invest in companies, they do something and we sell the shares, the goal here is to invest in something, have that money we put in to develop and advance the project and make it better until a time that we come in and be owner-operator of the project.” So, possibly... NVO.V? DEG..AX?

scoremore
Oct 12, 2017 - 9:16pm

Not much different from last night....

Bentley loved the surge.

Radioarbitrage its gonna break one way or the other...hoping it is straight down.

Would of replied earlier but during the work day I only get to come in for a couple of quick minutes.

Two views...

scoremore
Oct 12, 2017 - 9:21pm

Comment...

So just to be clear I love Gold. I love Silver.

Do not mistake me posting this chart as having something against Gold.

It is purely about the out of wack value against each other right now.

Silver IMHO is absolutely the superior value right now at 75-1.

With a drop I will trading in most of my stack for Gold and become a Gold FREAK.

And I say FREAK with love.

AGXIIK
Oct 12, 2017 - 9:50pm

Willem's committment to NOVO

20% of his fund's investable capital!?!? That is a serious amount of commitment

Sprott with $150,000,000 into KM and NOVO Ditto

mavens
Oct 12, 2017 - 10:09pm

Hey you guys....

Bitcoin just broke 5600 USD....

FYI.

Docdhj
Oct 12, 2017 - 10:32pm

This is Big

If Trump pulls the trigger on this..... it is HUGE! The Executive Order earlier today set the table.... this is equivalent to flipping the table over!

Obama and his crew funneled $300 billion out of Fannie & Freddie into the insurance industry pockets to prop up the exchanges and insurers for the past 4 years..... this would put it all to an end.

Dave

https://www.zerohedge.com/news/2017-10-12/trump-scrap-crucial-obamacare-...

Docdhj
Oct 12, 2017 - 10:41pm

And go back to Sept 7, Doc

If Trump does this, he will completely torpedo any kind of "deal" he had worked out with Schumer and Pelosi.

That means, it's all back to square one. No deal on budget. No deal on taxes. No deal on debt ceiling. No deal on government shutdown.

This puts us back to Sept 6 with USDJPY at 108 and CDG at $1360. Get some popcorn and enjoy the theater.

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