James Anderson: Billionaires Buying Precious Metals
Tom welcomes James Anderson, from SD Bullion. James discusses what led him to discover silver as a child and how he was lucky to learn both the Austrian and Keynesian schools of economic thought in college.
Silver and gold have performed very well this year, but that is expected with the massive stimulus programs. Gold and silver are currently consolidating, but there have been massive inflows of metal into exchange-traded funds. There is room for doubt as to where these ETF’s have managed to source these metals. JP Morgan’s recent fine of one billion for rigging metal prices likely represents just one week of “profits” during their eight years of price rigging.
Warren Buffett is investing in gold and is going against his saying of “never bet against the United States.” Billionaire bond kings like Scott Minerd are becoming big silver bulls. Scott has stated publicly that silver could reach $500 over the next ten to twenty years, and early this year, he recommended silver as the “play of the year.”
James says the idea of having a gold-silver ratio in the hundreds makes absolutely no sense, and he outlines some future targets where one might want to take profits.
He discusses a document from the 1970s released by Wikileaks regarding the US Treasury’s concerns over gold competing with the dollar and how this resulted in creating the Comex.
Lastly, he discusses what a prudent position in the metals should be and why you want assets outside the banking system; when things reach panic levels, that may be an excellent opportunity to sell some physical.
Time Stamp References:
0:40 – What led him to gold and silver.
3:30 – Demand picture for metals and ETF’s
4:30 – Felis catus interruptus.
5:45 – Back to our regular programming.
6:30 – Record inflows into ETF’s and JP Morgan fine.
9:15 – Billionaires moving into metals and alternative assets.
14:30 – 99% loss in USD value since 1970
16:30 – Gold Silver Ratio
19:55 – Gold price, Wikileaks, and the Comex.
25:40 – Interactive Brokers margin limits.
27:02 – Prudent gold silver allocation.
29:30 – Risks with ETF’s.
32:45 – SD Bullion Blog/Resources for new investors.
34:00 – Risks when buying metals.
38:15 – Free book for new investors.
Talking Points From This Episode
- His background, interest in silver, and Austrian economics.
- ETF inflows of silver, ETF’s, and manipulation.
- Billionaires are taking a keen interest in silver.
- Wikileaks document and a secret regarding the Comex.
James Book: https://sdbullion.com/21st-century-gold-rush-book
A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold & Silver Guides and has been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk, and many more.
Given that repressed commodity values are now near 100-year low-level valuations versus large US stocks, investors and savers should buy and maintain a prudent physical bullion position. Continued stimulus and unfunded promises will only debase the dollar further.