you register, email me, Jason Hommel, at email@example.com and
tell me what topics and questions you would like to see
addressed. Help me provide the content you want. I show
up for you, so what's most important to cover? Last time, I covered
the FAQs, the frequently asked questions I get. And in a workshop, I
covered the basic fundamentals about silver, see here:
Topics I was
thinking of covering this year include the following:
of sharing information from my experience of opening and
running two coin shops and a mint this last year.
thought of covering, again, the small size of the silver market.
thought of covering usury.
I thought of covering price expectations
Joe Martin, the man who runs the Cambridge House
Shows invites me to Phoenix, and asks what topics I was thinking of
covering: Long Term Fundamentals, Blasting Myths about silver,
showing why silver will outperform Gold, the usual stuff. Terbo Ted
was excited to be able to capture this 1 minute video, and upload it
to Youtube on his iPhone all within about 10 minutes.
what's most important to you? What are your concerns, questions, and
topics you'd MOST like to see covered? Email me: firstname.lastname@example.org
have no subscriptions to sell, I have no stocks to pitch, and my bullion
business is doing just fine. The shows help me gain new
perspectives, and discover the concerns of people who show up to such
industry events. Shows are also very
Here's some fun: Saturday Night Live
continues to hammer Obama, and nutty US economic policy. This
one is more funny than last week. China mocks the ability of
the US to repay debt, and says don't pay with "klunkers" that we got
from our nation's "cash for klunkers" program.
A news reporter covered the numbers in the
gold market like I do. His punchline is that if Developing Central
Banks increase gold holdings from 2.2% on average, to a mere 5% of
reserves, they would spend $115 billion on gold, which makes India's $7
billion 200 tonne purchase from the IMF look like peanuts.
note, he neglected to mention that the world's gold mines produce
about 2400 tonnes of gold per year, which, multiplied by
32,151oz/tonne = 77 million oz. of gold. This implies that $115
billion spent on gold, if it purchased all new world gold supply, and
if nobody else bought any new gold for a year, would drive the price
to a minimum of $115,000/77 =
The fun continued:
the San Francisco show this last weekend because my good friend, Thom
Calandra, who provided the occasion of a speaker's dinner, and he
offered to put me up for the night at his house. Such hospitality
could not be refused.
I attended the show with my good
friend Greg Kyle, my brother, Terbo Ted who ran
for congress, and my Mom and step dad, John, who are running www.momssilvershop.com, which
handles all shipping orders of less than 100 oz. of silver, and also ships
outside of the US, and also takes credit cards and paypal.
Holmes pointed out that mining stocks have been lagging the metals prices,
and with good reason. Miners have issued shares in a highly
inflationary way, and each share is continually backed up by less and less
gold in the ground. Mining company management is literally
destroying shareholder value!
That's why you want physical
precious metal! It does not vanish away through the issuance of ever
more at high rates! Newly mined gold only adds 1.5% to world supply
A fun part of the show for me was visiting always
gold-bearish Jon Nadler in person at the kitco booth. See
pictures, I think they are worth a 1000 words.
"Excellence within your Reach" -- But don't expect to be
able to take delivery?!
I spoke with Jon Nadler, but I
didn't know what I should say to a man who is always so bearish on gold,
and always mocking gold bulls, especially during this wild bull
market. And I didn't want to be overly confrontational in
person. I actually wanted to just try to practice being
cordial. So I said, "Look, I'm not wearing a tinfoil hat!" He
said, "I never said that!" Of course not, he never mentions us by
name, he's above that.
I asked him how was business, he replied,
"Can't complain." Fair enough.
with the gambling theme?
Are they saying that investing in a
Kitco pool is like Gambling? What an association!
Are they trying to suggest that you will be gambling that
Kitco will remain solvent?!
I spoke with Jon Nadler, and
I asked him about the theme. They gave me a free deck of
cards. The least I could do was take a picture of it and share with
my readers. The gambling theme was supposed to highlight a
contest you can win if you give them your name, it's merely a common lead
capture device. Oh, ok. Hey, it was not my idea.
apologized for poking fun at Nadler, but he makes himself such a target,
that I just can't resist.
I tried to be cordial, and so I showed
Nadler some of our silver rounds. So we have at least something in
common. They are making 1 oz. rounds, too, Kitco
Kitco's prices are about what our prices are. We each
charge around $2/oz. over spot for a generic one oz. silver round. I
suppose we deliver much faster, I don't know if they caught up on
deliveries yet. Anyone order from them lately?
me about my meeting with Perth mint officials last year. I didn't
share details, but as you can see, since then, I've started my own mint,
so it goes to show I don't fear that Perth will be able to provide much
competition, even though Perth claims to have $2 billion in "working
capital" due to their certificate program. I still wonder why
$2 billion in capital is insufficient to provide material to the world
wide silver market that demands barely $2 billion in total inventory per
year. It seems to me that their capital should be so suffficient
that they would never run out of products, like they did repeatedly last
Anyone try to take delivery from Perth in the last
year? I hear they put some money towards working inventory, and I've
not received very many complaints about them in the last 12 months,
which is unusual, and quite a bonus for silver investors that they would
allocate any capital at all towards bullish forces.
can be difficult to write. You get much less space to make a point
than in a newsletter. And as you know, I'm long winded--but getting
Here's some ad text we will be using in a local "coupon
Now is the time to buy silver and gold!
We are seeing 9 times more gold and silver buyers as sellers.
Yet we know that the USA is only buying about 2% of the world's
annually newly mined gold, which is only 1.5% of all the gold in the world
that has ever been mined. And the USA is only spending less than
0.013% of the $14 trillion in money in the banks to buy that gold.
This shows that gold is far from a bubble, but is still at the
beginning stages of a wild bull market that should last for decades.
The silver market statistics are even more shocking. The world's
silver mines produce 600 million oz. of silver, and most is consumed by
industry, leaving only 100 million oz. for investment demand, or just
under $2 billion worldwide. Fortunately, the USA is buying about 20
million oz. of American Silver Eagles per year, showing that while
precious metals demand in America is abysmally low, it is relatively
higher for silver compared to the rest of the world, showing that of the
US investors, a substantial percent are aware that silver should
Come swap your gold for silver at our coin shops! Or just buy
Readers have asked me more
about reporting requirements. Here's the text from an IRS form 1099B
form. It indicates that certain transactions (IE, most that we deal
with) are NOT REPORTABLE.
From IRS 1099B, page 2.
Sales of precious metals. A sale of a precious metal (gold, silver,
platinum, or palladium) in any form that may be used to satisfy a
Commodity Futures Trading Commission (CFTC)-approved regulated futures
contract (RFC) if the quantity, by weight or by number of items, is
less than the minimum required to satisfy a CFTC-approved RFC is
not reportable. Further, a sale of a precious metal in any
form that cannot be used to satisfy a CFTC-approved RFC is
For example, Form 1099-B is not required to be filed for the
sale of a single gold coin in the form and quality deliverable
in satisfaction of a CFTC-approved contract because all CFTC contracts
for gold coins currently call for delivery of at least 25
Please, come join the fun
and attend the Phoenix show! Nadler might be there.
Think of some good questions to ask him, too!