John Embry, Charles Hughes Smith, Chris Waltzek Ph.D. & Robert Ian - Dec. 15th, 2017, Chris Waltzek-©2005-2018.

Dec. 15th, 2017 Featured GuestsJohn Embry & Charles Hughes Smith Please Listen Here Show Highlights Chris welcomes back, John Embry, Senior Strategist at Sprott Asset Management. The cryptomarket price explosion represents prima facie evidence of what the gold crowd has known for decades - gold price suppression fomented by the fiat money is doomed. Case in point, the upward eruption in BTC / ETH / LTC may represent the petrie dish model for the precious metals market. One of the more compelling arguments in favor of silver - the current price is merely a few dollars above the mining expense per ounce. When combined with the facts that its industrial applications are inelastic and abysmal sentiment from a contrarian perspective the metal could present a value opportunity. According to the World Gold Council, although silver is about 10 times more abundant in the earth's crust, the stockpile of available investment grade silver is actually half that of gold.Silver represents a short-squeeze candidate of epic proportions as the supply of physical bullion is incapable of satisfying potential short-covering demand. Charles Hughes Smith from the Of Two Minds blog returns with commentary on the cryptocurrency bonanza.Real-world, peer-to-peer Bitcoin applications yield exceptional utility for all global inhabitants. The studio workstation recording the discussion offset the associated electricity costs via mining Zcash 850 Sols / second.The mining operation is optimized for automatic coin switching among dedicated servers to maximize the CUDA cores of both GPUs. While detractors find little value in BTC, clearly the digital currency satisfies 4 of the most desirable characteristics of gold, the King-of-currencies: Store of value - similar to the finite number of gold ounces above ground, BTC derives intrinsic value from trust stemming from mathematics.Divisibility - BTC set the new standard in divisibility, arguably the most divisible currency in monetary history.Transferable - BTC eclipses all earlier currencies / coins through the instantaneous transferability to any place on the earth.Security - just as gold retains value in the close proximity of the holder, BTC is storable in the human mind via private keys.Peer-to-peer networks bypass the archaic / draconian SWIFT system, returning value to the participants. The guest / host pose the questions to the listeners: Does the crypto revolution represent a real-time, de facto failure of global fiat currencies. Where is the value creation in fiat money that can be generated in infinite amounts, relative to bounded Bitcoin / Altcoin? An alternative to expensive crypto currency fees and delayed times examined includes InterZone (ITZ), which costs a fraction of a dollar, has nearly instantaneous truncations with virtually non existent fees. Dec. 15th, 2017 Featured GuestsJohn Embry & Charles Hughes Smith Please Listen Here Show Highlights Chris welcomes back, John Embry, Senior Strategist at Sprott Asset Management. The cryptomarket price explosion represents prima facie evidence of what the gold crowd has known for decades - gold price suppression fomented by the fiat money is doomed. Case in point, the upward eruption in BTC / ETH / LTC may represent the petrie dish model for the precious metals market. One of the more compelling arguments in favor of silver - the current price is merely a few dollars above the mining expense per ounce. When combined with the facts that its industrial applications are inelastic and abysmal sentiment from a contrarian perspective the metal could present a value opportunity. According to the World Gold Council, although silver is about 10 times more abundant in the earth's crust, the stockpile of available investment grade silver is actually half that of gold.Silver represents a short-squeeze candidate of epic proportions as the supply of physical bullion is incapable of satisfying potential short-covering demand. Charles Hughes Smith from the Of