Precious Metals Market Report

This week Franklin Sanders of The Moneychanger will be joining us from Top of the World Farm as usual. Special guest James Turk, founder of GoldMoney, will be joining us from New Hampshire, where he is spending summer months away from his home in Europe. I will be joining from London where I will attending a shareholders’ meeting for a private fund, while David Liechty managesSolari Silver & Gold back in Tennessee.

We will review the big picture for precious metals - defined by the growth of physical holdings by central banks and institutional investors. Global retail investment continues to literally explode into paper precious metals through exchange traded funds. (My concerns about the exchange traded funds are detailed in our recent report - GLD and SLV: Disclosure in the Precious Metals Puzzle Palace).

I will be asking James about efforts in Dubai and Hong Kong to create centers for the trading and storage of precious metals and the impact this is having on the London Bullion Market. We will address global options for storage of precious metals, including GoldMoney which has recently passed $1 billion of holdings.

We will also address recent efforts by the BRIC and G-20 nations to find mechanisms for trading and transacting outside of the U.S. dollar and the outlook for the major currencies during 2010. I will also ask James to comment on the European view on the Spain and Greek sovereign debt developments.

We will cover last week’s price drop in precious metals and global stock markets, how this compares to seasonal patterns and our expectations for prices in the fall.

For Subscribers Only—A Solari Report: Options for Storing Precious Metals—we have prepared a special report on options for storing your precious metals. It will be posted this Thursday as the resource link for this week’s Solari Report at your Subscriber Control Panel.

If you are a subscriber to The Solari Report, please post your questions at the cart. We will be using our new teleseminar software, so you can also use your browser to listen live through the Internet as well as post your questions live.

Listen live on Thursday evening by phone or online, or listen at your convenience by downloading the mp3 after it is posted on Friday.

If you would like to learn more about The Solari Report and subscribe, click here.

Subscribers enjoy access to our complete MP3 archive, including a special Precious Metals Market Report library so you easily identify and access all of the precious metals content. Subscribers now also enjoy access to all seventeen (17) Solari Report audio seminars, including Positioning Your Assets for Growth in Uncertain Times

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This week’s Money and Markets charts will be posted at the blog.

Mapping The Real Deal is a column on Scoop supervised by Catherine Austin Fitts. Ms Fitts is the President of Solari, Inc. http://www.solari.com/. Ms. Fitts is the former Assistant Secretary of Housing-Federal Housing Commissioner during the first Bush Administration, a former managing director and member of the board of directors of Dillon Read “ Co. Inc. and President of The Hamilton Securities Group, Inc.

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