Stacy Summary: Sponsored by Mining Maven; Jan Skoyles interviews Mark O’Byrne about the latest in the silver markets.
Singapore’s plans to become a gold and precious metals hub took a key step on Thursday. Jim Rogers, Jim Sinclair and Marc Faber have extolled the virtues of owning physical coins and bars in Singapore. “Individuals are making a mistake if they’re holding all their assets in one country.…I still have the majority of my gold in Switzerland, but I am already moving gold to Asia,” Faber recently said.
Krugman says that the recent concern about “debts and deficits” was a “false alarm.” He attempts to paint those who were concerned about the debt crisis as scare mongers. He sarcastically says that “the debt apocalypse has been called off.” When it comes to the apocalypse, Krugman likes to have his apocalyptic cake and eat it too.
We remember George W. Bush in 2008 saying Wall Street got drunk, needs to sober up and stop playing with fancy financial instruments as today those ‘fancy financial instruments’ go downmarket with subprime loans on used automobiles. In the second half, Max interviews Jan Skoyles, CEO of the Real Asset Company, about bitcoin, silver and gold and the new service of offering gold on the blockchain!
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