Nolan Watson: Opportunity in Crisis w/ Miners' Debt Problems

09/12/15 • 31 min

Jason Burack of Wall St for Main St had on returning guest, Co-founder, President & CEO of Sandstorm Gold http://www.sandstormgold.com/, Nolan Watson. Here's Nolan's full bio: Mr. Watson co-founded Sandstorm in 2008, prior to which he served as the Chief Financial Officer of Silver Wheaton Corp. In that role, Mr. Watson developed the silver streaming business model and helped raise over US$1 billion in debt and equity to fund Silver Wheaton's growth. Mr. Watson is a Chartered Professional Accountant (Valedictorian), holds the designation of Chartered Financial Analyst and received a Bachelor of Commerce degree, with honours, from the University of British Columbia. He has won numerous awards for his professional and charitable achievements including the Early Achievement Award by the Institute of Chartered Accountants of British Columbia, Canada's Top 40 Under 40 award, CEO of the Year by Business In Vancouver and the Queen's Diamond Jubilee Medal. Mr. Watson also serves as the Chairman of the Audit Committee of the board of Bear Creek Mining Corp. and as a director of TrueGold Mining Inc.During this 25+ minute interview, Jason asks Nolan about the dangers of trying to use debt to do new deals. Nolan talks about counter party risk with miners and how many miners took on way too much debt to bring very high cost mines online when gold and silver prices were way higher. Jason and Nolan discuss the gold mining industry at length and how well miners have cut costs, if they need to cut more costs to survive and if the miners can return to profitability anytime soon. Jason asks Nolan many questions about the gold mining industry and the current and future plans for Sandstorm Gold. This is a must listen if you own gold mining or silver mining shares, shares of gold and silver royalty and streaming companies or are thinking about doing so in the future!

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Peter Schiff: We Need More Free Market Capitalism

Jason Burack of Wall St for Main St interviewed returning guest, best selling author, Austrian School Economist, investor and President & CEO of Euro Pacific Capital http://www.europac.com/, Peter Schiffhttp://www.schiffradio.com/. Peter has over 20 years of experience as a financial professional and is also Chairman of Schiff Goldhttp://schiffgold.com/ and Euro Pacific Bank.His full bio can be found here: http://www.schiffradio.com/about-peter/ and here:https://en.wikipedia.org/wiki/Peter_S...His best selling books include: Crash proof, Crash proof 2.0, How an Economy Grows and Why it Crashes, The Real Crash, and The Little Book of Bull Moves in Bear Markets and all these books can be bought on Amazon. During this 30+ minute interview, Jason first asks Peter about deflation and when in financial history have governments allowed it for a prolonged period of time? Peter says that in a fiat currency system with central banking, governments will not allow deflation or free market forces to correct many global imbalances for a long period of time without further intervention. Jason asks Peter about Harry Dent's views of deflation and Peter says that there will be deflation priced in gold as gold will gain purchasing power against other assets like stocks, real estate, other commodities, etc in the years to come. Next, Jason asks Peter about his newest book, The Real Crash, and why politicians won't allow wages and prices to fall naturally? Peter says politicians have made lots of campaign promises to get elected and if the economy crashes while they are in office they probably won't be re-elected. Jason then asks Peter about his article from last week http://www.europac.com/commentaries/f...Peter says China is unfairly being blamed for the stock markets going down in the US. After discussing Wall St and the mainstream financial media playing the blame game, Jason asks Peter about gold and what will be the catalysts to drive higher gold and silver prices?Peter thinks there will be a loss of confidence in the Federal Reserve and other central banks and people will abandon government currencies and other assets in favor of gold. Peter talks about his gold and silver backed debit card at Euro Pacific bank and how he has invested in new software and technology to improve the product and how it's different than Bitgold/Gold Money. To wrap up the interview, Jason asks Peter why many more Americans have read Karl Marx and Keynes instead of Mises, Hayek and Rothbard? Peter says socialism promises people something for nothing and gives adults an excuse to blame others for problems in their lives.

Next Episode

Julia Tourianski: State Control Perpetually Increasing Until Collapse

Jason Burack of Wall St for Main St had on first time guest, Julia Tourianski. Julia runs the website Brave the World http://bravetheworld.com/ and is an active anti-state propagandist and proponent of Bitcoin. During this 30+ minute interview, Jason asks Julia about her background growing up in the Soviet Union in Russia before moving to Canada. Julia talks about her life in the Soviet Union, the problems with socialism and how she sees so much corruption in the US. Jason asks Julia about Canada and how Canada is copying the US and becoming a police state. Julia talks about how Canada is basically a lap dog of the US. Jason asks Julia why countries like the US are adapting more big government and socialist/fascist/totalitarian control over their population's lives when former Soviet Union countries have abandoned communism and socialism. Next, Jason asks Julia how she found Bitcoin and became a proponent of using and owning Bitcoin. Julia found Bitcoin using the Silk Road and then she learned Austrian School Economics from Mises Canada and on her own. Jason and Julia discuss what Wall St embracing Bitcoin could mean. Finally, to wrap up the show Jason asks Julia why there aren't more women Libertarians? Julia has some very interesting ideas on the topic. Julia thinks governments like the US will keep growing bigger and bigger until they can't adapt anymore then they will eventually collapse and die.