Financial Sense Newshour
Jim welcomes back Bert Dohmen from Dohmen Capital and The Wellington Letter. Bert has just returned from China and believes its economy is still in some trouble. He also sees further inflation ahead, with unlimited money printing from all the world’s major central banks. Also in this segment, Ryan Puplava has his Market Wrap-up for the week, and Erik Townsend has the Commodity Report. Last, but certainly not least, Jim answers your Q-Calls in this segment.
Jim is pleased to welcome back Grant Williams, Portfolio & Strategy Advisor at Vulpes Investment Management in Singapore, and author of the popular investment letter, “Things That Make You Go Hmmm…”. Grant and Jim cover a wide range of issues, including wealth taxes and capital controls, a California “exit tax”, the problems facing Japan, and global competitive currency devaluations. Grant also notes that central banks are now big buyers of gold, and discusses why gold stocks, especially dividend-payers, are now a great buy for the patient investor.
Erik Townsend sits in for Jim and welcomes John Doody PhD, editor of the Gold Stock Analyst. John believes that when you step back and look at the long-term fundamentals, the recent volatility in the gold miners is just noise, and gold stocks remain very attractive at current valuations. John also discusses the questions of silver vs. gold, and where he sees most value. Erik and John also explore the issue of why the price of gold has been so slow to respond to the monetary stimulus of QE3.
Jim welcomes back Ronald Stoeferle CMT, author of the popular “In Gold We Trust” research reports, to discuss the gold markets. Ronald notes that central banks in Germany, the Netherlands and Austria are starting to repatriate their gold reserves held outside their borders. He also states that many central banks are moving beyond central banking activities into central planning. As to the gold markets, Ronald is short-term bearish on the price of gold, but sees great value in the gold miners, especially quality mid-cap and junior producers.
Jim welcomes Ned Schmidt CFA, Publisher of The Value View Gold & The Agri-Food Value View Reports. Ned is extremely optimistic about the gold stocks, particularly the best quality gold stocks. He believes investors should stop thinking about gold stock indexes and look for the best individual stocks. Gold stocks are way down, and valuations are low, making this the best time to buy the best gold stocks. Ned also advises investors to sell their bond funds, and the sooner the better.
In this week’s Big Picture segment, Jim looks at “Obamanomics” in three parts. In part one, the “Stag-Inflating Economy”, we are faced with the slowest economic growth since World War II, created by uncertainty and policy mistakes.
Jim welcomes back renowned technician Ralph Acampora this week. Ralph is currently quite bullish, and believes investors should never fight “Papa Dow”. He notes that 50% of Dow stocks are close to new highs and sees plenty of upside coming in the Dow next year. If there is a correction in the near term, he strongly advises to buy the dip.
In this week’s Lifetime Income Series Jim looks at the big question: What’s your number? This refers to the specific result of putting together a true retirement plan, how it works, and how it leads to financial security. In the second part of this broacast, Jim discusses how once you have determined your “number” the investment strategy to meet your retirement goal falls into place.
Jim is pleased to welcome back Joel Salatin of Polyface Farm in Virginia. Joel is a farmer, an author and a strong advocate for creating sustainable agriculture without government subsidies. Joel notes that in the last 50 years, Americans have doubled their consumption of wheat. Joel believes the obesity and diabetes epidemics, gluten intolerance and celiac disease are all the direct result of the government wading into the food arena. Salatin’s books include Everything I Want to Do is Illegal and Folks, This Ain’t Normal.
Jim welcomes Mark Nestmann, from the Nestmann Group LLC to discuss second passports, international tax planning, and expatriation. Mark looks at offshore tax and reporting obligations for U.S. citizens and permanent residents, as well as what you must...