Global Perspectives: February, 2017 Interview with Alex Stanczyk and special guest Ronald Stoeferle

Physical Gold Fund Hosts Global Perspectives with Alex Stanczyk and special guest Ronald Stoeferle February, 2017

gp-Ronald

Welcome to Global Perspectives, a new podcast featuring some of the sharpest minds in the world. We delve into the key concerns, opportunities, mindset, and practices of some of the most successful professional money managers, entrepreneurs, and world class personalities today.

This episodes special guest is Ronald Stoeferle.

Topics Include:

*Quantitative Easing (money printing) does not seem to be working. The market knows that the Central Banks at some point will lose control of the situation.
*Recent as well as historic evidence shows that command economies do not work
*The most important price in the market, the interest rate is being manipulated by Central Banks and is the root cause of market volatility
*Low interest rate policy, to zero interest rate policy, to negative interest rate policy and its impact on gold
*The zero-interest rate trap is adding fragility to the global system
*Fatal long term consequences of zero interest rate policy for institutional investors and society itself
*Monetary inflation is working as a tax where some are benefitting to the detriment of others
*Central banks are still a long way from normalization. This has a strong effect on the fragility of the market.
*Natural systems mimic financial systems in many ways, and shows us that trying to control it is a fool’s errand
*What the Austrian School of economics is, and why it matters
*Inflation happens in three stages. Monetary inflation, then asset price inflation, then finally comes velocity of money and price inflation in the regular economy
*Three types of people observing the economy and where this is going to lead
*Bond market yields in the US relative to Eurozone
*Anti-fragility and which assets may thrive in an increasingly fragile market
*Why gold is one of the most liquid assets / currencies on earth
*The global debt situation will resolve in time. Which pathways can this take.
*Focusing on the big picture, and ignoring the daily noise

You can follow Ronald Stoeferle on Twitter @RonStoeferle

You can learn more about Ronald Stoeferle at: http://www.incrementum.li/en/


You can follow Alex Stanczyk on Twitter @alexstanczyk

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
https://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA


By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: February 9th, 2017 Interview with Jim Rickards and Alex Stanczyk

Jim Rickards and Alex Stanczyk, The Gold Chronicles February 9th, 2017

Topics Include:

*Golds role as an international alternative to the United States Dollar
*How financial warfare between sovereigns works
*Strategic view on changes to sovereign gold reserves
*China is slowly shortening the maturity structure of its US Treasuries and letting them run off the books versus selling
*Analysis of projected Trump policies; deep dive into some of the inconsistencies and potential scenarios
*Trump may be able influence the appointment of as many as 4 or 5 members of the FOMC
*Currency Wars are alive and well, new rounds of devaluation are starting
*Helicopter money and price inflation
*Are capital markets complex systems, and why it matters
*Why traditional models such are VaR are old science that may no longer apply to markets
*Specific criteria used in physics to identify a complex system
*Triffin’s Dilemma and gold

 

 

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
https://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

Global Perspectives: February, 2017 Interview with Alex Stanczyk and special guest Brent Johnson

Stock and Flow. Why the Flow matters.

Physical Gold Fund Hosts Global Perspectives with Alex Stanczyk and special guest Brent Johnson February, 2017

gp-youtube-splashpage-4

Welcome to Global Perspectives, a new podcast featuring some of the sharpest minds in the world. We delve into the key concerns, opportunities, mindset, and practices of some of the most successful professional money managers, entrepreneurs, and world class personalities today.

This episodes special guest is Brent Johnson of Santiago Capital.

Topics Include:

*A brief summary on Brents latest presentation Don Yuan
*Stock and flow of the money supply: why the FLOW is so essential
*In a debt based monetary system where all money is loaned into existence, all loans have interest attached to it.
*Anywhere from 10-12 trillion is loaned into existence
*Velocity of money has been on a downward slope for 16 years
*How “Regulatory creep” will continue to effect the banking system
*How money market funds work
*Observations on the phenomenon of “Too big to fail” banks
*More info on the velocity of money
*Velocity of money is closely tied to psychology
*How the market bailed the fed out
*psychology behind central banks raising and lowering rates
*How Trump will effect the market
*Why Trumps policies could be inflationary
*Is itpossible for a strong dollar to lead to an inflationary environment?
*How a strengthening dollar could cause its own demise

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Brent Johnson on Twitter @SantiagoAuFund

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
https://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: January 17th, 2017 Interview with Jim Rickards and Alex Stanczyk

Jim Rickards and Alex Stanczyk, The Gold Chronicles January 17th, 2017

Topics Include:

*Power Triad Dynamics, USA, China, Russia
*Why China is concerned about a Trump Presidency
*Capital flows out of China continue at a robust pace
*China will burn through all of its liquid reserves in one year at the current pace
*Analysis of China’s three options
*Which conditions could place the USA and China in a state of war over the South China Sea
*Why gold moving into China is like going into a “Black Hole”
*Physical gold flows from west to east are exacerbating tightness in physical supply, and could lead to strong price moves when the west steps back into the market
*War on Cash and its impact on global systemic risk
*India demonitization has been a disaster
*End game plan for War on Cash is to force people into digital accounts
*Solution to avoiding an all digital system is to get out of it, gold or silver
*Breakdown of the SDR as sovereign money versus money for people
*IMF permission requirements from countries to print SDR’s

 

 

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
https://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: December 15th, 2016 Interview with Jim Rickards and Alex Stanczyk

Jim Rickards and Alex Stanczyk, The Gold Chronicles December 15th, 2016

Topics Include:

*Fed hiked interest rate by .25% as expected
*Fed is expecting 3 more rate increases for 2017 which would bring it to 1.25%
*Yellen has indicated she would lean into Trump’s stimulus if it looked like inflation was getting out of hand
*Trump’s plan calls for $1 trillion in spending, tax cuts, and less regulation. This is a recipe for much higher inflation
*Monetary policy has reached the end of its capability
*Why markets are entering a period of irrational exuberance
*Factors that could impede Trump from having a free hand to implement his economic policy
*The actual numbers of Trump’s fiscal stimulus is going to be far lower than the market is expecting
*Gold is priced in various currency crosses versus gold, price variations are actually currency value fluctuations versus gold
*USD/Gold moves for the last several months have been inverse to USD strength. All major currencies have been declining versus the USD, including gold
*Assessment of Trump’s picks for his administration staff
*India War on Cash / War on Gold has accelerated
*War on Cash has extended to Argentina, Australia
*Description of the “Bail-In” playbook
*Why owning gold makes sense even when there is a risk of government confiscation, and why multi-jurisdictional diversification is one tool to do so
*Gold conversion during periods of crisis
*How to get the most value out of your gold holdings if there is a crisis
*Crisis are temporary events, they have a lifespan, the most important is how value is preserved during a crisis and who has the most valuable assets on the other side of the crisis

 

 

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
https://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: November 22nd, 2016 Interview with Jim Rickards and Alex Stanczyk

Jim Rickards and Alex Stanczyk, The Gold Chronicles November 22nd, 2016

Topics include:

*How Complexity Theory, Behavioral Psychology, and Bayesian models used at PGF were used by Jim Rickards to predict Trump win
*Comments on projected effects of Trump Presidency on US economy, world economy, and gold
*There are contradictory forces within the Trump administration, so projecting certain details are not yet clear
*If Trump cuts taxes and spends $1 Trillion on infrastructure without private capital it will blow a hole in the annual deficit
*Trumps economic plan is basically the Reagan plan – the current environment is very different this time facing headwinds and a much higher debt to GDP
*If the Fed accommodates Trump on his economic plan, then Trump is the “Helicopter Money” President and inflation is then guaranteed
*If the Fed leans into inflation instead it could force economy into recession
*Comments on $9 Trillion emerging market corporate debt crisis
*Jim’s new book The Road to Ruin is now available on Amazon: https://www.amazon.com/Road-Ruin-Global-Elites-Financial/dp/1591848083
*A Trump Presidency has no impact on the potential for systemic risk
*Comments on complexity theory, critical states, and catalysts
*Effects of the “war on cash” in India
*India is the 7th largest economy in the world, and is a cash based economy – these steps are leading to money riots
*Update comments on “war on gold”
*One effect of the India demonetization has been a substantial uptick in gold purchases
*Base Erosion and Profit Shifting (BEPS) – Global Taxation Plan
*Chinese $2 Billion SDR bond issuance
*Anticipated Dec rate hike is already priced into the USD/Gold price
*Trump has commented on gold favorably, potential for some sort of gold anchor or benchmark
*Regardless of some kind of gold standard, even a gold benchmark would require gold at a much higher price
*Comments on potential for gold confiscation in the next liquidity crisis
*Switzerlands advantages as a vaulting jurisdiction

 

 

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
https://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Gold Chronicles: October 13th, 2016 Interview with Jim Rickards and Alex Stanczyk

Jim Rickards and Alex Stanczyk, The Gold Chronicles October 13th, 2016

Topics include:

*Analysis of recent correction in gold
*Market has priced in an anticipated Fed rate hike in December
*Fed will be forced to reverse course going into 2017 and ease
*This is a short term correction and is not signalling a new bear market
*Gold performance for the year
*Physical gold flows and the gold “float”
*Factors affecting short term USD/Gold price
*Factors affecting long term USD/Gold price
*Psychology of markets affecting availability of gold to the float
*Three demand spheres for physical gold flows, the West, India, and China/East Asia
*If Trump wins the election equities markets could have a substantial immediate drop, followed by a recovery
*SDR issuance is going to be highly inflationary
*Gold serves different roles in a Central bank portfolio versus an individual or institutional investor portfolio
*Gold’s role moving forward is one of insurance versus tail risks, systemic failures, and future liquidity crisis
*Gold held by central banks is the last line of defense for liquidity and confidence in central bank issued currency
*FX trading effect on gold pricing and alleged manipulation
*Gold Pool of the 1960’s, IMF coordination with the US selling gold into the market during the 1970’s
*International monetary system is missing an anchor and is considered “incoherent” by current and former officials
*Currency values continue to fluctuated wildy, this is a very unstable system
*Measuring the buying power of gold

 

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
https://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Physical Edge Episode 3: March 2016 Interview with Alex Stanczyk

Dear friend and client of Physical Gold Fund,

We are pleased to release this next episode of the Physical Edge with Alex Stanczyk. In this episode, Physical Gold Fund’s Managing Director explains the importance of jurisdiction choice for vaulting, as well as why vaulting outside the banking system is a prudent safe-guard in today’s financial environment.

Topics include:

  • According to the IMF, gold is the only Case of a financial asset with no counter party liability
  • Gold will not default like some other financial assets could during a liquidity crisis
  • Over 30% of the bond market is now negative interest rate bearing, with over $7.9 Trillion at negative yield and gold is looking more attractive
  • The meme that gold is a bad investment because it produces no yield does not stand up under scrutiny, all forms of money generate no yield unless invested
  • A modest allocation of a portfolio to gold acts as a diversifier and a truly non-correlated asset
  • Gold is not subject to hacking or cyber warfare
  • Gold is truly non-correlated
  • There is a physical market for gold, regardless of what financial markets are doing
  • Gold protects against sovereign risks such as rapid currency devaluations, examples Russian Ruble, Brazilian Real
  • It’s a hard asset with no counterparty risk, and it has excellent liquidity compared to other hard assets, such as real estate. Gold has almost a 24-hour, very deep, and highly liquid market
  • Criteria when evaluating vaulting jurisdictions
  • Political stability, economic stability, rule of law, history of confiscations, precious metals industry infrastructure, strategic defenses
  • Switzerland as a vaulting jurisdiction
  • Long standing relationships in the precious metals industry in Switzerland
  • Switzerland is the core of the precious metals industry, and is a solid foundation for liquidity globally
  • Reasons for electing non-bank vaulting
  • Rule of Law matters regarding gold as a financial asset or physical property

Learn more about Jim Rickards new book, The New Case for Gold at http://thenewcaseforgold.com/

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
https://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

The Physical Edge Episode 2: January 27th 2016 Interview with Alex Stanczyk

Dear friend of Physical Gold Fund,

We are pleased to release this recent interview with Physical Gold Fund Managing Director Alex Stanczyk.

Please enjoy with our compliments.

Topics include:

*About the London Bullion Market Association (LBMA) – What is it?
*LBMA Standards have been used globally as the benchmark standard for gold and silver bullion
*Details on members of the LBMA, Bullion Banks, Refineries, Security Logistics
*The role of the LBMA, and the importance of understanding what it does
*LBMA is a standards body that establishes uniformity in purity and form factor to provide a framework for global trade in gold
*Understanding the Good Delivery lists
*How refineries become LBMA accredited refineries
*What are LBMA referee refineries
*Where the members on the Good Delivery lists are located
*Understanding the Chain of Integrity
*How gold enters the system
*Advantages of having the entire history of custody for gold
*Understanding “clearing risk” in gold funds
*Unique positioning of the Physical Gold Fund

Physical Gold Fund SP, is a Segregated Portfolio fund managed by Physical Hard Assets Fund SPC, and regulated by the Cayman Islands Monetary Authority.
The Fund’s investment objectives, strategies, purchase options, applicable administration fees, management fees, and expenses, are contained in the offering memorandum. Please read these documents carefully before investing.
Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Information presented in this interview has not been independently verified by any stock exchange or regulatory authority, and is not intended to be and must not alone be taken as the basis for an investment decision.
No representation or warranty, express or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presented.
The information contained herein does not constitute an offer to sell or solicitation to purchase securities of any issuer or any portfolio managed by PHYSICAL HARD ASSETS FUND SPC, in any country or jurisdiction in which it is not legal to do so.

Learn more about Jim Rickards new book, The New Case for Gold at http://thenewcaseforgold.com/

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
https://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

Physical Gold Fund interviews Director of one of the largest Swiss Refineries

Dear friend of Physical Gold Fund, we are pleased to bring to you what in our view is perhaps one of the most important interviews in the gold market in 2015. The gentleman we are interviewing  is part of senior management of one of the largest Swiss refineries.  His refinery is one of only 5 global LBMA referees, which takes samples from other refineries around the world and certifies them to produce gold meeting the purity and form factor of the LBMA good delivery standard, which makes it part of the very core of the industry globally. He has over 30 years experience in the gold markets and has in our view one of the most authoritative perspectives into global physical gold flows in the world. His unique outlook, formed from internal data on gold flows through the refinery, combined with colleagues throughout the industry including the largest bullion banks (versus news outlets)  is an invaluable source of information and paints an important picture for the gold markets moving forward.

Please enjoy this exclusive interview with our compliments.

Sincerely,
Alex Stanczyk
Managing Director
Physical Gold Fund SP

Topics include:
*Why trying to correlate physical flows with the price can be misleading
*On-going tightness in the physical gold markets
*There is less liquidity in the physical market
*The physical tightness of flow is reflected in the price “not at all”
*As long as the spot market is settled with cash settlement, the physical flows are not determining price
*If investors dealing in cash markets begin to take delivery, the physical is just not around
*The current pricing mechanism can continue indefinitely unless investor behavior changes to taking delivery versus cash settlement
*The gold price has “no correlation to the physical market”
*If this behavior changes (to taking physical delivery) it could become dramatically dangerous
*Gold is moving in one direction from west to east with small exceptions over the last year
*90% of the refinery’s business is currently supplying demand from the east (India, China) and 10% to western markets
*China has imposed a new standard on the LBMA good delivery system of 1 kilo, 999.9 fineness
*400oz bars being melted and refined to 1 kilo 999.9 fine bars and shipped into China are coming out of London and particularly the ETF’s such as GLD
*In the next gold upleg, scrap may not be readily available – overall scrap has decreased remarkably
*Declining investment in the mining sector and geo-political issues affecting mining viability will unavoidably reduce gold supply moving forward
*The danger of less supply moving forward is more likely than the comfort of more supply

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
https://physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

 

By listening to this podcast or reading its associated transcript (collectively, this “Podcast”), you agree with the following.

This Podcast is not an offer to sell, nor a solicitation of an offer to purchase, any security. This Podcast is intended for general education and information purposes only, and may include broad discussions of markets, geopolitics, monetary policy, and geoeconomics. Nothing in this Podcast constitutes investment, legal or tax advice, nor an evaluation of or prospectus for any particular investment or market, including gold. This Podcast should not be relied upon to make any investment decision. You are encouraged to seek the advice of qualified financial, legal and tax advisors before making any investment decisions.

This material is provided on an “as is” and “as available” basis, without any representations, warranties or conditions of any kind. In particular, information provided by third parties in this Podcast has not independently evaluated or confirmed. Furthermore, we take no responsibility to update this Podcast to reflect any changes in any of the information presented. Physical Hard Assets Fund SPC and Physical Gold Fund, its officers, directors, employees or associated persons will not under any circumstances be liable to you or any other person for any loss or damage (whether direct, indirect, special, incidental, economic, or consequential, exemplary or punitive) arising from, connected with, or relating to the use of, or inability to use, this Podcast or the information herein, or any action or decision made by you or any other person in reliance on this information, or any unauthorized use or reproduction of this Podcast or the information herein.

Get our most recent content, podcasts and updates sent directly to your inbox: