Peter Grandich, Bill Murphy, Listener's Q&A, Chris Waltzek Ph.D. & Robert Ian - April 13th, 2018 - ©2005-2018. A Spina-Waltzek Production-©2005-2018 http://radio.goldseek.com/ Royalty free music from

April 13th, 2018Featured GuestsPeter Grandich, Bill Murphy & Listener's Q&APlease Listen Here Show HighlightsBill Murphy of GATA.org says it's business as usual in the markets; the gold / silver price rigging continues to plague the sector. Dovish comments from the new Federal Reserve Chairman, Jerome Powell, suggests a relative value in commodities relative to shares and paper assets.The World Gold Council notes gold reached peak supply in 2017, suggesting that lower output could increase demand pushing price to $1,500 in 2018. Bill Murphy thinks this forecast is tame, his analysis suggests that once the selling passes, the price ascent will be so abrupt that late comers will be unable to procure good bargains. Adding to the bullish case, Gold Money Director, Alistair MacLeod recently made a compelling case for the US dollar to continue in its downward trajectory. Bill Murphy emphasizes the point that many guests continue to make on the show - gold / silver may be the best value available in the markets at current prices. Venezuela's President Maduro, just removed 3 zeros from the currency supply, reducing a 1,000 Bolivar note to merely 1 Bolivar via a keystroke.The hyperinflationary economic disaster represents a de facto warning siren to all global inhabitants, that systemic currency disaster can unfold in less than one year's time.A single gold coin held in the nation made the holder wealthy, increasing the relative purchasing power to 70 million Bolivars (figure 1.1.). Peter Grandich of Peter Grandich and Company and Pete Speaks returns with commentary on the US stock market and the PMs sector. Topping the financial headlines; the trade war between Washington DC and China, as well as the new Shanghai gold backed yuan-petro futures exchange. While our key trading partners, China / Russia continue to stockpile sound money, i.e., gold / silver, the West is doubling down on debt. Students of Austrian Economics learn that debt = bondage; a concept well understood by the national founders.Benjamin Franklin noted, "Rather go to bed without dinner than to rise in debt... If you know how to spend less than you get, you have the philosopher's stone..." Thomas Jefferson famously said, "To preserve our independence, we must not let our rulers load us with perpetual debt." More recently, Yogi Berra said, "You can observe alot, just by watching," in similar fashion, the national debt just topped $21 trillion, $21,000,000,000,000.Current estimates of US Federal Deficit spending approaching $1 trillion, annually. So it's not surprise to learn that one leading money manager, Seth Klarman, just advised clients to drastically increase cash levels in their investment portfolios. Warren Buffett says that when he retires, there are three people he would like to manage his money. First is Seth Klarman of the Baupost Group. Peter Grandich and the host share Seth Klarman's cautious outlook on US equities and related securities, at least until valuation metrics return to equilibrium levels.The overextended S&P 500 price-to-earnings figure of 24, has a historical mean of of 15.70. In comparison, the PMs sector remains a deeply discounted levels relative to paper assets as the commodities / S&P ratio suggests a new commodities bull market is imminent.Top financial market technician, Clive Maund presents a compelling case for the resumption of the long-term silver bull market (figure 1.2.). The host notes that India may outlaw Bitcoin / crypto wallets, setting the stage for improved demand in gold / silver, as millions abandon digital money for traditional safe haven alternatives.The latest Listener's Q&A segment includes phone calls on the increasingly popular topics of silver and Bitcoin from Tom in Arizona, John in Sunny San Diego and an anonymous caller. Tom starts off the segment, noting that he’s heard that many of the silver dealers are running low on their stockpiles and he wonders why the price remains subdued amid low su