-- Published: Sunday, 25 February 2018 | Print | Disqus
Featured Guests
Bill Murphy &
Andy Schectman
Show Highlights
Andy Schectman of Miles Franklin Institute is partnering with Sprott Asset Management on a physical gold backed, distributed ledger with bullion held at the Royal Canadian Mint.
Many pre-mined cryptos have early deep-pocket investors tend to own 80% or more of the tokens outstanding, diminishing the much touted decentralization aspects.
The Sprott / Franklin gold blockchain is equally distributed, albeit somewhat centralized. Due to government backing, investors gain greater flexibility to use funds as collateral for loans.
The current release date is expected within the next five weeks. In addition, our guest outlines must hear methods for purchasing PMs, including an opportunity to profit market anomalies.
A rare, once in two decades opportunity is presenting itself in the numismatics market.
Rare gold coins are selling at nearly 1:1 or the same price as plain bullion coins of similar gold weight.
Miles Franklin is currently positioning client accounts to maximize the benefits of this anomaly. Protecting client's best interests is the primary directive at Miles Franklin.
His firm requires mandatory background checks and a large surety bond to better protect clients.
The Miles Franklin storage program involves Canadian Brinks security, without percentage of value fees.
They offer a fully insured Brinks safety-deposit box in Vancouver and Toronto. Clients hold the only key / spare with 24/7 access.
FedEx air delivery is also available (www.privatesafedepositboxes.net). Miles Franklin employees the same auditing firm as the StreetTracks GLD ETF. Please call his brokers or Andy directly (brokers direct line 1-800-822-8080; Andy's mobile 1-612-290-2729).
Bill Murphy of GATA.org, returns with his perspective on the PMs and Bitcoin.
After soaring to 20k and then plunging to less than 6k, investors are searching for safe haven assets with lower volatility, such as gold and silver.
Bitcoin recently eclipsed 10k, due in part to anticipation surrounding the lightning network upgrade, where developers seek to reduce Bitcoin fees and vastly improve transaction rates.
Investors anticipate the NASDAQ to adopt new Bitcoin investment products in the next few weeks / months, such as ETFs and related derivatives, further increasing liquidity.
Top crypto developer and visionary techno-wizard, Daniel Larimer, founder of Steemit.
The EOS team includes legendary Brock Pierce. Unlike BTC / ETH, which are victims of their own success, EOS has nearly asymptotic scalability, thanks in part to Larimer's DPoS.
EOS, via DPoS could facilitate up to 1 million transactions per second with virtually zero gas fees, earning the epic project the title of Ethereum 2.0.
Just as Bitcoin is considered a currency and investment asset, the host proposes a simple analogy between the usefulness of silver as a currency and as an investment class.
Crypto enthusiasts are encouraged to diversify at least 10% of their crypto holdings into the precious metals.
The gold beta statistic significantly offsets the already unique Bitcoin beta value, offering tangible insurance to digital money investors.
Gold / silver have an established legal framework insuring the protection for investors, which further offsets the very real threat of stealth legislation against vulnerable digital protocols.
Bitcoin and gold traded at parity - today, 1 BTC can purchase nearly 10 ounces of gold, presenting the diversification opportunity of a lifetime.
With over 100 years of monetary stability, North American's have been lulled into a state of complacency, nevertheless, history always reverts to the mean, particularly regarding fiat money. Greenback reserve-status hegemony is jeopardized via the stellar rise of cryptocurrency alternatives and the recent yuan-petro futures contract.
The duo coin a new contrarian indicator based on a proposed APA anomaly, a widespread affliction shared by modern investors - ADID, Attention Deficit Investment Disorder.
Symptoms of ADID include episodes of FUD, which quickly succumbs to FOMO, best illustrated by the recent plunge / reversal in US equities market.
The guest / host prescribe the only known panacea for the ADID pandemic - precious metals diversification.
Guest Bios
Andy Schectman
Miles Franklin
Miles Franklins' philosophy can be summed up in three words: VALUE, INTEGRITY and CREATIVITY. Value refers to our low overhead and low mark-up approach to doing business. Integrity means what it says: We do what we say and say what we do. Our advice is determined by individual customer needs and we take the time to find out what is suitable for each investor. Because of this approach our reputation throughout the industry is the highest caliber. Creativity is everybody’s favorite word. At Miles Franklin, we see things in a way that other companies do not. We offer solutions (including off shore investing) that go far beyond the ordinary coin dealer. This is our philosophy. It's who we are.
Capabilities
Every member of our staff has no less than 10 years of experience in the precious metals industry. We are all students of the economy. Most companies in the precious metals industry will tell you what to buy. We tell you why you need to buy it. We are proud to take the time to educate our clients in economics and world events, as well as in various products. We offer all of the available types of bullion, including U.S and foreign gold, silver and platinum.
No order is too big or too small for us. Also, talk to us about domestic and foreign storage.
Reports
We provide a selection of reports on the economy, precious metals and the Swiss Franc. We also publish a well received newsletter 8-12 times a year (recent back issues can be found on this website).
Pricing
Our pricing is competitive with anyone in the industry. We will not lose an order because of pricing. We are in business to make money, but we believe in offering our clients a price structure that allows them to come out ahead. This is not always the case in our industry.
References
The following financial newsletters have recommend Miles Franklin: David Morgan from the www.silver-investor.com, The Safe Wealth Group, Elliott Wave International, The Whole Investor Report, and the U.S & World Early Warning Report.
Bill Murphy, GATA Chairman Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, www.lemetropolecafe.com.
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