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The Solari Report – 09 Jul 2009
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This is the second week of the month. That means I am headed over to Westpoint, Tennessee on Thursday, July 9th, to join Franklin Sanders, his wife Susan, and their family for dinner at the Sanders homestead down the road from their Top of the World Farm.
I have not yet picked out the wine – I will do that later this week. I will be looking for a very fine California cabernet sauvignon. Suggestions are welcome.
Needless to say, these are great dinners! A lively dinner discussion will be followed by our monthly precious metals market briefing by bridge call for this week’s Solari Report.
I will start by covering recent news in Money & Markets and your latest questions in Ask Catherine. Then Franklin and I will address developments in the precious metals market, including the impact of this week’s G-8 and Russian summits. We are going to take the long view and look at the performance of the stock market compared to precious metals and answer a few more questions about the Federal Reserve.
In our Let’s Go To the Movies, I will be reviewing Sydney Pollak and George Clooney’s thriller Michael Clayton and what it teaches us about numerous tactics used to implement the slow burn – keeping corporate stock and bond prices high in a manner that harms people and communities.
If you are a subscriber to The Solari Report, you can post your questions at your private panel or feel free to also post them at this blog post. If you would like to learn more about The Solari Report and subscribe, click here.
View this week’s Money & Markets Charts at the blog.
Catherine: I am most interested in your perspective regarding qualified accounts (IRA) employing an offshore bullion depository service; i.e. GoldMoney versus coins stored domestically i.e. Delaware Depository, which I believe is also a Crimex warehouse.
Thank You
Hans:
Apologies. I did not ask Franklin your question. I will make sure to do so the next time,
Catherine
I agree with the Adrian above on FOREX/gold/silver investment strategy. With 3.2 trillion exchanging hands daily it seems to be the least “rig-able” market unlike gold/silver which are so small. What if we can reroute capital from FX to Gold/Silver easily? You just need 2 accounts for this … goldmoney and gftforex. Goldmoney allows you to hold Gold Silver as well as the majors CAD/USD/EUR/JPY/CHF/GBP (minus AUD) while gftforex gives you access to these currencies as well as a couple of exotics Polish Zolity PLN and Hungarian Forint HUF.
Hans
Fran:
Here is the best place between Memphis and Pickwick:
http://www.burtonsugarfarm.com/
There is no place in Hickory Valley. I have tried various places in Adamsville, Bolivar, Selmer, Savanah, Crump…but the only one I have found that I REALLY love is Sugar Farm on 72. It is only open on Friday evening during the summer, so if you are driving tonight and like catfish or chicken and lots of vegetables and home made ice cream, its perfect!
Have a wonderful time,
Catherine
I have to drive close to Hickory Valley on our way to Pickwick Lake. I was wondering if there is any thing there to see or a place to eat lunch or dinner. I am coming from Memphis.
thank you,
Fran Bloodworth
I also play in the forex market, and we can quickly buy/sell gold/silver here especially at night when the price usually drops but rises by the morning when physical bullion dealers are open.
So I’m thinking of using the forex market to TRADE silver when the bulls come back…question is when, how much longer will deflation deflate the prices?
How about Zeitgeist Movement, would love to hear Catherine’s comments about a world without money and abundance of energy/technology…
-Adrian
Catherine and Franklin,
Do you have any advice on the FOREX market? With the potential Death of the USD pending? (Sept/Oct?), it seems that an investor could make some money shorting the dollar and buying Commodities based Country currencies (CAD/AUD) as well as the exotic currencies … perhaps opening a Brazilian Real account with (http://www.everbank.com/002CurrencyBrazil.aspx)
I am considering an account with http://www.gftforex.com/ .. currently I have a demo account.
Any advice would be greatly appreciated.
Sincerely,
Hans Westphal
While you pick out the wine, I’m whinning to myself about you not picking my question in Ask Catherine about “How many ‘dividends’ he has made in trading the gold/silver ratio.
Pleeeeeaaase! 🙂