GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Sunday, December 1, 2013

GOLD, MINING, URANIUM & FUKUSHIMA -- Amir Adnani




Amir Adnani, the founder and Chairman of Brazil Resources and CEO of Uranium Energy Corp joins us to discuss everything from the real world costs of mining one ounce of physical gold, to the HUI hitting new lows while major stock market indexes soar to new highs. It's been a multi-year bloodletting for anyone who owns mining stocks, and with Brazil Resources (Full Disclosure: I own none) back down near its IPO price, we wanted Amir's take on the beaten down, unloved sector precious metals mining sector -- a contrarian play if ever there was one. Adnani says, 'The cycles are necessary and create opportunities... we need these down periods because these are the windows where you can substantially grow your company, you can acquire assets for cents on the dollar."

Regarding the current prices of silver and gold being below the costs of production for many miners, even as every government on earth is printing fiat currency as fast as possible, Adnani says, "This is the disconnect, almost of a lifetime... and again it creates incredible opportunities, and you have to do something with it."

As for uranium and the nuclear power sector, I ask Amir the tough questions about Fukushima. Can nuclear power generation really ever be safe? Given the absolute environmental catastrophe caused by the Fukushima Daiichi nuclear power plant, what is the future of nuclear power, a major energy source for the world? Adnani answers the tough questions and shares his insights candidly in this nearly 40-minute long interview.

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