NUTS!!!

Since I feel surrounded by gold bears everywhere I look and the onslaught of articles recommending I and others holders of gold should “surrender” or face death holding gold, I chosen to respond with a one-word reply made famous during World War II – NUTS!

After 30 years in and around Wall Street, you develop a sixth sense that doesn’t require charts or some long list of fundamental reasons to justify a position. It’s like the movie is only halfway through but you already know where they’re going with it.

I’m not going to write some long dissertation to justify my position to buy gold and silver right now but I will make a few key points:

  • They’re without a doubt the most hated investment class. 99% of the financial industry and the media that follows them are slobbering over one another to tell us why gold and silver sucks! Even the most ardent bulls (all three of us) have been beaten up and have doubts of our sanity to stay the course. It’s truly a contrarian delight to go long now.
  • Enough has been written about the strange selling patterns, timing and parties involved that has led to this take down, much of it accurate but shall never be taken seriously by the vast majority because they hate gold and silver and all it stands for. If you too don’t think anything strange occurred, go buy all the general equities and bonds you can get hold of, load up on cheap mortgages and buy Obama memorabilia during this decline in prices. If you happen to be one of the “crazies”, tin-foil hat wearers, and the other kooky names given to anyone who actually thinks gold is money, just know all these actions eventually aren’t enough and the truth shall set you free (and bring on the next leg up in gold’s march to $2,000+).
  • If you think it’s going to actually take 7 years to ship half of Germany’s gold back to them and it’s not because the U.S. didn’t actually have the gold to ship, well, I want you to know Elvis and Jimmy Hoffa were just seen with NY Jets Mark Sanchez getting fitted for a Super Bowl ring.

I believe the go-ahead to the take down came on the heels of the Japanese floodgate of Quantitative Easing as the madman at the presses (known as Central Bankers) could ill afford a rising gold price as it would suggest to the masses their plan is “not” the save all but the end all (By the way, the Japanese move is initially bearish for gold as explained in this excellent analysis of why the Japan bond market is going to blow up and take the U.S. with it).

The U.S. is a ticking time bomb, economically, politically and socially. I don’t know the date and time but I truly believe I shall live long enough to reprint this quote in the not-too-distant future when a crisis that shall dwarf the one in 2008 grips us.

To the few who feel like screaming out to the gold bears like General Anthony Clement McAuliffe did, let me leave you with this:

 

“Illegitimi non carborundum”

 

 

Standing O

watch

Posted in Political by Peter Grandich.

Sunday Thought

For several years now, I’ve tried to honor God by only posting matters of spirituality on Sundays. It also allowed those not interested to know they can focus only on my Monday through Saturday posts.

Despite knowing it comes with the territory, nasty emails sometimes reach an extreme. That’s why its been extremely gratifying to receive an overwhelming number of supportive emails in recent times.

However, this one literally brought me to my knees and truly was a message from my Creator. I want to publicly thank Keith and to tell him I only wish I can obtain the spiritual riches he obviously has already achieved.

From: Bogie1143@_______ [mailto:Bogie1143@______
Sent: Saturday, May 18, 2013 9:34 AM
To: peter@grandich.com
Subject: Encouragement and Thanks

Hi Mr Grandich. I just wanted to take this  moment to thank you and if I can offer up words of encouragement. You know I have been reading and listening to your comments on the net for many years. Part of my daily routine after work is to read your Blog and see how the gold and silver markets did. I especially love reading your Sunday Thoughts. Your articles on things like the Feal Foundation and Amanda Ricci have touched my heart and allowed me to contribute to these wonderful causes or just to make me smile and know that God’s love is truly the strongest element in the universe.

    As you  painfully point out  our junior resource market is in the toilet. Yesterday I looked and my portfolio was down 42 percent. I can just imagine the angry emails and snide comments you get from all those that follow your work. Grandich you blankety blank! The people have their torches and pitchforks showing up at your door asking for your head! Perhaps even yourself at times questions your wisdom at sticking with such an endeavor. And comically as you say even your family questions your sanity.

    Take heart Sir. For you are so much more than just a guy on the web giving comments on financial matters. You’ve been a wiz kid and known the debts of depression. Your a father and husband and a forgiven sinner who has used his talents and financial statis to help others when possible.

    You know peter you and I will never meet but I feel like your a kindred soul. I live in a trailor with a small pick up and work in a factory. Although you and I are at different economic levels we share a common thing. We are Blessed. Think about it we live better than half the planet. When we are cold we have heat, when we are hot we have air conditioning. When we are hungry we can go the grocery and eat anything we desire or have servants bring us delicious meals at a restaurant. We can go to the theatre or a ballgame even sit in a comfy chair and watch our favorite shows on a screen. Flushing toilets for heavens sake please. Kings and Queens of old would have given an arm for what we have.

    So in the grand scheme of things what does it matter that our investments are not doing well. What does it matter that as you say be prepared to loose everything because their is risk. Life is a risk. So what if you have to drive a taxi and I chop wood to eat. We are blessed so take encouragement we have the love of Jesus Christ our Lord and savior and I’ll take that investment any day. Respectfully Keith

Posted in Faith by Peter Grandich.

Even Worse Now

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Posted in Personal Finances U.S. Economy world economy by Peter Grandich.

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Free PDF copy of book here

 

Peter Grandich has combined faith, intellect, insight and many life experiences into Confessions of a Wall Street Whiz Kid. This book is both an easy and entertaining read and very thought provoking.
—Hon. David M. Walker, Former U.S. Comptroller General

There is nobody on Wall Street who is kinder than Peter. Listen to him and enjoy his book.  Even when he is wrong (and everyone is at some time or another) you can be sure that Peter will give you honest advice.
—John Crudele, Columnist, New York Post

While I’ve benefitted from Peter’s financial advice, the real gift was seeing God transform his life for the better. Having a heavenly wife didn’t hurt him either.
—Joe Klecko, Former NY Jet

In Confessions of a Wall Street Whiz Kid, Peter Grandich reveals his personal journey, not just from rags to riches but from material wealth to spiritual wealth. His insights into the flawed nature of financial planning and the false god of Retirement are alone worth the cover price. The ultimate treasure, he eloquently reminds us, lies not on earth, vulnerable to rust and thieves, but in the world that awaits us all.
— Jonathan Chevreau, National Post columnist and author, Findependence Day

Peter’s honest and bold account shows that it is necessary for the Christ follower to lay down the very things we esteem above God Himself and that with God all things are possible-even a rich man entering the Kingdom of God.
—David Tyree, Former NY Giant and author of More Than Just The Catch

This book brings us back to being American again and remembering that our forefathers said “IN GOD WE TRUST.” If Peter ran for president, he would have my vote.
—Ron Greschner, Former New York Ranger

In a world where fancy suits and Ivy League degrees are common, Peter Grandich took a most uncommon approach to finances and faith. He succeeded in both but not without battles along the boards and a couple of near game misconducts.
—Ken Daneyko, Three-time Stanley Cup Champion NJ Devil

I feel like I should put out an alert: Attention all investors – read this book before you make your next move. Peter Grandich has managed to distill a lifetime of experience and hard lessons learned into this important book. It will make and save you money.
—Michael Campbell, Host of Canada’s MoneyTalks, heard on the Corus Radio Network

Knowing Peter from childhood, I’m only too glad to suggest reading his book.
—Danny Aiello, Academy Award nominated actor and singer

I want to congratulate Pete on this book. He has never been afraid to share the ups and down of his life. His story has both inspired and motivated me.
—Justin Tuck, NFL All-PRO NY Giant

Being inside the life and mind of the Wall Street Whiz Kid is a very dangerous and frightening experience while at the same time a wonderful life-saving journey.
—Johnny Stone, Host and Program Director, STAR 99.1 Radio

Talk about a real knockout, my friend Peter Grandich has twice battled depression and has come out on top.  His book deserves heavyweight recognition for his courage and willingness to share how he battled what life has thrown at him.  Even during the darkest days, his priority has always been to help others.
—“Gentleman” Gerry Cooney, Former Heavyweight Boxer

Peter Grandich’s story is truly a story of transformation, inspiration, and encouragement! Peter just doesn’t talk the talk; he walks the walk each day being brought closer to God, surrendering his will to His…a ‘Divine Ex-Change.’
—Lee Rouson, Two-time Super Bowl Champion NY Giant

Peter Grandich is an amazing blend of humanity, humility and chutzpah. He’s real, he’s respected and he’s often right about financial predictions.
—Brian Rechten, General Manager, The Bridge Christian Radio

It has been my pleasure to have known Peter Grandich now for thirty years or more and treasure him as a friend. Over the years I have come to enjoy his intelligence and wit, and appreciate his advice on financial matters. Most of all I am truly inspired by his ardent faith, his extraordinary generosity, his compassion for those who have met misfortune in their lives. I welcome this book that will illustrate these and so many more attributes of Peter’s makeup. However, let me make it clear that self praise is not the motive for his writing. Rather, he is driven to share in yet another way the many blessings that have come his way—even through the down times—and offer hope to those who may have been smitten by the hardships of life. It is my fervent hope and prayer that this book will indeed achieve these ends for the many.
—Very Rev. Brendan Williams, V.F.

I have never asked Peter for his financial expertise, and he may be a Wall Street Whiz Kid, but his greatest gift to me was his friendship.
—Ray Lucas, Former NFL Quarterback

I have known Peter Grandich for over 25 years. I have personally witnessed Peter’s strong religious, ethical and moral resolve in both his writings and in his life. Over the years, although the markets have witnessed change creating financial impacts upon Peter in both directions, Peter never vacillated from his inherent basic precepts of reverence for God, respect for family and unselfish generosity of time, money and influence dedicated toward the social good of his community.

I read his book and I saw the real Peter Grandich on every page. Although Peter is very visible in his professional life, he is an unassuming and humble man who is non-judgmental, easy to speak with and simply a ‘regular guy’. You would never know that he is an internationally-known, well-respected market commentator.
—Leonard Gray

Peter Grandich came into my life at just the right time for me in 2008 as my real estate business was tottering and I needed “something else.” I read his most recent ” The Grandich Letter” at that time and literally collapsed at my desk, exhausted, though it was only about 10 pages. The reason was that I felt in my heart that this was the first time I had really heard truth spoken; I realized that I had been deceived my whole life as to how the world operates and that I needed to meet this man and learn more. I reached out to Pete; he was very gracious toward me and we quickly became great friends. Peter showed me a whole other industry, a fresh outlook and more importantly, a way to prepare for a time of reckoning that is quickly approaching.

Pete allowed me to read the final draft of “Confessions of a Wall Street Whiz Kid” before publishing. In it, I found him to be as candid as always. There is real hope for the informed and the diligent; thanks to Peter Grandich, I am both. You will know just what I mean when you read the book. Love you, Pete!
—Joseph Spano

“Confessions of a Wall Street Whiz Kid” is a solid and much recommended pick for community library economics and memoir collections.”
—Midwest Book Review            

Posted in Confessions of a Wall Street Whiz Kid by Peter Grandich.