Questions to ask Mike Maloney:

What effect would a rise or fall in oil have on gold and silver? Obviously food prices would rise, but aside from indirect effects of fear in the economy, any direct effects on gold and silver? The only major effect I can think of is that it’d increase the U.S. trade deficit since we’re the biggest importer, and thus lower the dollar index.

I believe it’s set in stone that soon the OPEC nations will sell oil in currencies other than the dollar, collapsing the petrodollar system. Since we haven’t known M3 from the Fed since 2006, do you think those dollars will flow to the U.S. in a period of weeks or months?

What’s your opinion of the silver mining company Hecla Mining Company? Coeur d’Alene Mines Corporation?

Does Japan’s recent change in ruling political party (more nationalist) mean Japan may be more likely to “unload” their U.S. dollars before China does?

Have you ever traded your gold or silver for significant value-items? (Car, appliances, services, etc.)

To your knowledge, has Warren Buffet’s historical purchase (and demand for physical delivery) been the largest recent one-time purchase of physical silver for investment by an individual? If a millionaire invested $100 million into physical silver tomorrow, how much greater of an effect would that have on silver than if the millionaire put that $100 million into physical gold?

Peru is the biggest producer of silver from what I understand. I also read that their stock market has jumped 120% this year? Are there any important influences that decide which nations they ship silver to? Why are there no Peruvian silver coins?

Do you believe that silver Mexican Libertads, whose face value is equal to the spot price of silver as quoted by the banco de azteca, hold any advantage over silver American Eagles, with their face value of $1? Everywhere I look, Libertad premiums are far above those for Eagles, does this offset any advantage?

Which industrial uses for silver will remain constant as this worldwide currency crisis continues?

I understand Americans hold relatively large amounts of silver as individuals when compared to the average citizen of other nations… are there nations with substantial stores of silver in their central banks?

I read recently that China plans to demand delivery of a bunch of silver stored in London vaults. Does this ring any bells to you? Are there any other nations you can think of that are presently demanding delivery of large sums of silver held by other nations?

someone whose opinion I respect says they personally hold their gold, and do not have it in a safe deposit. is that wise? how could one possiblly secure it in that wayand feel that they had done a good job?

Larry-
I would like Mike’s comments on the URL I have included in this comment section. Is there some validity in what Cody Willard has written? Seems to make sense.

http://blogs.marketwatch.com/cody/2009/06/16/sell-gold-now-its-headed-below-500oz/

Pete,
That Cody Williard’s article has it all wrong. Money supply has NOT contracted! Eric Sprott just released in the last few days a well written research paper citing many government statistics saying the oney printing is increasing. That Cody Willard article is very old. A lot has changed since when it was written in June 2009 and all of the changes have made things worse. It is obvious Willard is a deflationist. Money supply and credit have NOT and I preat NOT contracted! Only has credit contracted on the private side. But, the government has increased the credit and its borrowing exponentially to make up for the contraction in the private sector from consumers and businesses. How much Keynesian economics do you understand? Do you understand the different between Keynesian economics and Austrian economics? The money supply has been increased exponentially, but the velocity of it accelerating through our entire economic system has not happened yet on the massive scale it can and will given the increase. In easier to understand terms, all of the money that has been printed has not made its way back yet to the US and the US economy. A good chunk of the money that was printed is in the stock market right now allowing the banks to take on more risk and trade the $$ for trading profits. The banks also have good amounts of it “docked” at the Fed itself earning 3% interest free and clear. A lot of money is still being printed plus the Fed is monitizing our debt. By monitizing, that means the Fed is buying back most of the treasuries the federal government auctions off every month just to keep its lights on and pay off the interest on the total outstanding debt. Do you really want to bet on deflation happening? Asset deflation perhaps. Real estate prices are not being allowed to naturally bottom. Congress is being lobbyied by the Natl’ Realtor Association to continue these tax credits for home buyers. The tax credits might even increase. That’s phony demand. Still a huge glut of supply. I would recommend listening to the Jim Paplava Newshr over at the Financial Sense.com. Jim spent an entire month doing an inflation vs deflation debate and he interviewed deflationists and inflationists. Dent, Praechter, Faber, Schiff, Dan Amerman and Mish Shedlock were all interviewed and they debated inflation an hr at a time. It is worth listening to every one of the interviews. The bottom line is after listening to all of those and after doing more thorough research, I am very close to 100% convinced the deflationists are wrong because they do not understand completely what is going on now. Deflation occurred last yr during the credit crunch, but every country in the world is printing money to stimulate! It all comes down to Keynesian economics for me and the main point of Keynesian economics is for a government to print money to intentionally cause inflation, use it as an invisible tax to steal wealth from its own citizens and then say that price increases on everything are healthy for the economy!