Thursday Conversation - Alasdair Macleod of GoldMoney

Please be sure to listen to this FREE, PUBLIC podcast.


Yes, I realize that it's Friday but this week's schedule is such that this podcast could not be posted on Thursday. Additionally, this discussion with Alasdair is so valuable that I wanted to post it at the top of the TFMR homepage and leave it there all weekend.

My purpose in reaching out to my old friend, Alasdair, was to discuss these two recent research pieces. As gold and silver are progressing higher in our 2010+9 scenario (, it's important to consider the potential ramifications of both:

Many thanks to Alasdair for the generous donation of his time. Please be sure to listen and give this podcast your thorough consideration.



Aug 18, 2019 - 2:09pm


Yes that one makes you feel good! Hahahahahaa

I like Lagonitas....Great bang for the buck here!

This one will knock your socks off too!

Joseph Warren
Aug 18, 2019 - 1:17pm
Aug 18, 2019 - 12:49pm

Deacon B The Lago Pale Stale Ale was superior

I judge all ales and beers by two standards. My dad's home brew and Tsingtao The closer to either or both is a good drink. One 22 oz bottle is buzz worthy The Brown Ale was so-so. I like Guiness when going dark. The Brown was not close and waaaay to much foam. Even poured gently, the foam was excessive.

Funny about Frothingslosh. I have an empty can of this stuff. It appears to be a joke ale, set up to get a laugh along with some drinking with friends. I usually present the can to get a laugh

Aug 18, 2019 - 11:03am

Lagonitas Frothingslosh Pale Stale Ale

I remember Miss Frothingslosh beer. As I recall, it was a contemporary and an equivalent to Billy Beer.

Ned Braden
Aug 18, 2019 - 8:57am

Maneco ...

Remonetizing Gold Is the Only Way Out of the Deflationary Spiral.
Aug 18, 2019 - 7:40am

Form 8621

Thanks, I bought a nice size of pslv last year, so selling and buying back may well be a good solution. I would like to check first if I can retroactively fill it out as it is only last year.

Aug 18, 2019 - 6:53am

Form 8621

What Sprott does is issue a PFIC statement at the end of the year for each of their funds (CEF, PHYS, PSLV, SPPP). The last time I looked, the one for CEF was very short, simply stating the dividend of $0.01 per share. Your tax preparer uses this statement (which is far more complicated for something like a foreign hedge fund) to prepare the 8621.

I only hold these Sprott vehicles in tax-sheltered accounts to avoid dealing with the 8621. Apparently it's easy to fill it out in the case of the Sprott funds, but good luck wading through the instructions. The US tax code is criminally insane compared to that of other countries.

I told Sprott that they should put a sample 8621, filled out, on their website. No response, perhaps because everyone is so afraid of saying anything that could be construed as tax advice. Maybe Turd can raise the issue the next time he interviews Rick Rule.

If you own one of these things outside a tax-sheltered account and bought it before this year, my understanding is that it would be a good idea to sell it and buy it back. This is because the 8621 has to be filed the first year that a PFIC is owned. It can't be done retroactively, so it's best to close the position and start over.

J SiefertMarcus
Aug 18, 2019 - 5:53am

Dillinger on Kaiser Report ("paradigm shift")

Interesting that Dillinger doesn't see gold going up. (Very near the end)

Aug 17, 2019 - 11:06pm


While you test drive your drink, I have my usual evening drink: A few oz. of Pellegrino sparkling natural mineral water (Costco), a shot of organic lemon juice (Vitacost), and a tiny amount of sodium bicarbonate, (A. H.)

Aug 17, 2019 - 10:05pm

NW VIEW Locked in a cell with Polny

Even though my diet includes most of your list, I'd go on a hunger strike, become a political refugee being subject to cruel and unusual punishment until my jailers changed my cell mates to Turd Ferguson and Rickshaw ETF

Then let the good times roll

I'm test driving a couple of new ales as we speak

Lagonitas Double Nut Brown Ale 5.5% followed by a Lagonitas Frothingslosh Pale Stale Ale 8.6% with the Foam on the bottom

Total Vino was out of the Imperial Lager. Scoremore turned me on to that one

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Key Economic Events Week of 8/24

8/24 8:30 ET Chicago Fed Idx
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8/10 10:00 ET Job openings
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