Bob Moriarty – Who, What and Here’s Why

Bob Moriarty the founder of 321gold and 321energy sits down with Maurice Jackson of Proven and Probable to share his thoughts on politics, geopolitics, junior mining companies and precious metals. Bob is legendary in the industry for sharing his no nonsense approach and acumen for identifying deep value propositions overlooked by the speculators. Highlights: Geopolitics, Global Debt, Gold, Silver, Platinum, Palladium, Rhodium, and 3 Exclusive Issuers that has Bob’s attention.

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Maurice Jackson: Welcome to Proven and Probable where we focus on metals, mining, and more. I’m your host, Maurice Jackson. Joining us for a conversation is the founder of 321Gold and and the author of two of my favorite personal books, The Art of Peace and Nobody Knows Anything, Bob Moriarty. Thank you for joining us, sir.

Bob Moriarty: Thank you, Maurice. It’s a pleasure to speak with you.

Maurice Jackson: Bob, when it comes to putting a succinct picture on the relationship with politics, geopolitics, and the value proposition it presents on the natural resource space, speculators turn to you. So I’d like to begin our discussion today focusing in the political environment in the US and I want to go right to the center of attention, which is the current investigation of the former FBI Director, the Trump administration, and its potential ties to Russia. Give us some input on this.

Bob Moriarty: Well, here is what’s funny. When you spoke about the potential ties to Russia, that’s the weak point in the entire argument. For all the verbiage and ink that has been expended, there isn’t a single indication, there is no proof of any connection to the Russians having anything to do with either the Trump administration or the election. Not a single shred of evidence.

Now that said, there was nominal contact with the Russian Ambassador such as from Jeff Sessions who was a senator. It would be perfectly appropriate for him to speak with the Russian Ambassador. But the concept that that is inappropriate is simply silly. And sure, there would be contact with members of the Trump election campaign with the Russians as there would be with the Israelis or the British or French or anybody else.

The suggestion that the Russians hacked the Democratic National Committee has been proven totally false. Seth Rich, he somehow was murdered a few days later, downloaded the emails. But the whole issue begs the important question. And the important question is, did the Russians affect the election? And nobody suggests that is true.

And the second question should be, what possible difference would it make anyway? When was the last time the U.S. didn’t interfere with an election? That would probably be in George Washington’s time. I mean the United States gets involved in every election in the world. And has since the CIA came into being.

So we’re the ones that are most guilty of what we’re accusing of the Russians of. There isn’t a shred of evidence saying they did anything that was inappropriate. And in fact, there is some evidence that the Israeli connection was a lot more important than the Russian connection.

So, it’s much to-do about nothing. What’s more important is you have a soft coup d’etat in progress where the deep state, the media, Hollywood, are trying to depose Trump. And sooner or later, I think they’re going to win.

Maurice Jackson: I’ve never seen such a vicious attack on a president. And I have to tell you, I didn’t vote for President Trump. But I have to tell you, I’ve never seen such a vicious attack by the media on President Trump himself and his administration.

And I’m just curious, what would be the benefit for Russia to have a Trump administration versus a Clinton administration? Do you see a difference in the two?

Bob Moriarty: Yeah, absolutely. I was convinced, I remain convinced, that if Hillary Clinton had actually been elected president, we would have had World War III starting before she was took office. She made it crystal clear that Russia is the enemy and she wants war with Russia.

The interesting thing is that Trump’s position as candidate was we want peace and we don’t want trouble with Russia and we need to speak with them and we need to sort things out. And that makes a lot of sense. I mean the Russians are not bad guys. They haven’t threatened the United States in any way. They haven’t conducted any acts of war. And we’re the ones actually conducting acts of war against the Russians.

I do not want to see the United States involved in any war. I was against the war in Libya. I was against the war in Iraq. I was against the war in Afghanistan. I am against the war in Somalia. I’m against the war in Sudan. These are all meaningless and useless wars. They are only being fought for the benefit of the deep state.

It’s like Vietnam. I was there for two years. We were not fighting to win the war. We were not fighting to make Vietnam a better place for the Vietnamese or for the Americans for that matter. We were fighting the war to fight the war. That’s very good for if we’re Lockheed. That’s very good for General Dynamics. It’s very good for the war machine. And it was very bad for the 58,000 American kids who came home in body bags.

Maurice Jackson: It has truly – again, we appreciate your service to our nation even if the circumstances weren’t I would say beneficial or maybe that’s a lack of good words there.

Bob Moriarty: Yeah. But again, hang on a second, Maurice.

My service in Vietnam was not beneficial to the United States. I wasn’t defending the United States. There was nothing heroic about it. I was over there shooting at people who had not invited me into their country. They were defending their country. I mean there wasn’t anything good about my service.

I believed all the stupid lies I was told and I was nothing but a mercenary of the United States government and to the extent that I know it’s heartfelt and it’s very kind of you to say but the fact of the matter is, there was nothing honorable about what I did or what any American did. It was an illegal war. It was clearly an illegal war and I’m glad we got out.

Now, let me point one thing out to you. We had talked a little bit off mic about the attack by US Navy aircraft on a Syrian aircraft. That’s an act of war. And we’ve done something that’s so foolish and it’s so illegal, Americans are paying for the war and they are going to pay for it one way or another. They could pay for it with World War III.

But they owe it to themselves to say, “What’s the legal basis for the United States invading a sovereign nation with a democratically elected head who was no threat to the United States whatsoever?” It is a criminal act. It is illegal according to all international law. And we need to stop doing that!

When we sent 4,000 troops to Afghanistan, one thing that we guarantee is some of those kids are going to come home in body bags. I don’t want to see any of them come home in body bags. But I know it’s going to happen. And the way to prevent it is to stop sending troops into areas where we have no tactical or strategic reason to be there in the first place.

What Trump has done and it happens to be illegal, he has handed the conduct of the war over to the generals. And people tend to think, “Well, that’s an idea because the generals know the most about war.” I’m not sure who it was that said it but somebody said, “Wars are much too important to be left to the military.”

The idea that the United States has started 82% of the wars since World War II and lost every single one should mean we don’t listen to the generals. We need to be firing generals. OK? If generals are sending our kids home in body bags and haven’t accomplished anything and are squandering the Treasury of the United States, we need to fire these guys until somebody either defines victory and gives it to us or says, “Hey, if we don’t stop these stupid wars, I’m going to resign.”

Now, how many generals have resigned in the last 15 years because of what the United States has done illegally? The answer is zero.

Maurice Jackson: I can’t recall one. And you’ve made some very, very critical points of distinction there. Thank you.

Bob Moriarty: Yeah.

Maurice Jackson: Bob, let me ask you this and this is just a side note. We are discussing the mainstream media and I wanted to bring to our attention or our listener’s attention it is, the Open Skies Treaty. If you’ll allow me to slightly digress here because we see this on the news frequently that Russian’s planes are near the borders of United States and they’re flying within x amount of feet from a US fighter jet. And then they just stop the commentary. And I always wonder why is it they stop the commentary there?

You’ve noted a paraphrase I should say that the mainstream media throws out a statement that is true but it’s pointless. And in this situation, we have spy planes but they are permitted under the Open Skies Treaty to fly over the United States. They are allowed to do that. And we vice versa, the United States, we are allowed to fly reconnaissance missions over Russia. It is done daily.

Bob Moriarty: Well, the mainstream media really should be renamed. It’s the fake stream media. They’re not telling the truth about anything. And the really interesting thing is, it doesn’t make any difference where you stand in the political spectrum. You could think that Hillary Clinton was the greatest things since sliced bread or you could think that Trump is the most evil person in the world or you can reverse that and it’s very clear when you listen to the media how distorted their view is on everything.

My opinion is that it’s the end of empire. The United States is in a rapid state of decline. The media has been just as corrupt as in every other system we have in the United States. Now, if you think about it, our judicial system doesn’t work. Our penal system doesn’t work. Our education system doesn’t. Our medical system is a joke. Our political system is even a bigger joke. We have nothing that works. Nothing.

You can walk into any church in the United States, listen to the preachers speak on Sunday and how many of them have got the guts to say, “Hey, wait a minute. What are we doing in Libya? What are we doing in Iraq? What are we doing in Afghanistan?” They don’t even ask the question. They turned into a bunch of harmonica playing monkeys. Okay, they are all sitting there waiting for somebody to toss coins into the basket.

Now, somebody needs to stand up and say, “Wait a minute. We need to stand for something. We need to obey the Geneva Convention. We need to obey the Nuremberg Laws. We need to stop waging war on everybody whenever we feel like it especially given that there’s nothing we’re gaining out of it.”

Now, if we went into Iraq and we seized a trillion dollars’ worth of oil over the next 20 years because they had done something terrible to us, I wouldn’t particularly be against that. But no, we are spending $50 a gallon to have fuel for our vehicles in Iraq or in Afghanistan and that is totally insane. You’re in a country that generates oil at $10 a barrel. I’m sorry, 10 cents a barrel. But what we’ve done is we’ve gone terribly far extreme. We are doing things for the wrong reason.

Now, let’s take it back to something you and I are more interested in. When you’re in a collapsing empire, what do you do? And the answer is very simple. You have to take care of yourself and you have to take care of your family. And one of the ways to do that is to invest in something real.

Now, you had sent me a list of things that we need to talk about. One of them being raising interest rates and bonds. The United States is bankrupt. OK? We have $19 trillion worth of debt. If interest rates rose 100 basis points, we would be spending 50% of the revenue of the United States just on interest payments. So we have this bizarre situation where the policy of the United States is to penalize savers and to reward consumers.

Now that is not the basis for a stable economy. And the economy is coming unglued. You can look at the number of stores announcing their closing every week and you realize that the United States is just – we’re in a train going down that hill at a 45-degree angle with the full power ahead and we’re gaining speed faster and faster and faster. And the conductor is saying, “So far, so good.”

Well, I know what’s going to happen when the train hits the bottom of the hill. I know there’s going to be a giant crash and to the extent that every intelligent person I know is well aware of it. Now, is the crash going to be tomorrow or is it going to be next week or is it going to be next month? I don’t know. But I know that we are in a slow motion crash and people need to take action to protect themselves.

Certainly, you can’t go into a bank with $50,000 and deposit it and get a real return. If you deposit $50,000 into a bank tomorrow, it doesn’t make any difference when you get your money back, you’re going to have less money in terms of real buying power. So literally, you’re paying money to have people steal from you, and that just doesn’t work.

Maurice Jackson: It certainly doesn’t. And so, what would you say is the viable solution here? Is it the procurement of precious metals?

Bob Moriarty: Well, the solution is let it crash. The protection, the insurance policy, is to own something real as opposed to something paper. Marc Faber is a really interesting guy. I’ve listened to him speak at half a dozen gold shows and he says, “What everyone should do is they should buy a million dollar T-Bond and they should frame it and put it on their walls. And when their grand kiddies come to visit, they should point to the T-Bond and say, ‘That used to be considered money.’”.And of course, that’s true. Those T-Bonds are pieces of paper and they are considered money but they’re not money.

I don’t know what gold is going to go to. I do not predict $5,000 gold. I don’t predict $50,000 silver. I think all the people who tried predicting prices are lunatics. I don’t think any of them will ever be correct.

What you’re doing is you’re predicting chaos.  Gold and silver and platinum, rhodium, palladium are protection against chaos. I think there are 7 cents worth of nickel in a U.S. nickel, and that cannot be a bad investment in any terms whatsoever. You just wonder what you’re going to do with a ton or two of the U.S. nickels.

But yes, you need to protect yourself and you need to protect yourself by taking out an insurance policy and gold and silver make a good insurance policy. $17, $18 for an ounce of silver is a really good deal and the idea of having some of these in your drawer is a good idea and having American silver dollars or silver quarters or a $5 gold pieces.

Everybody that has a car has insurance on the car. You don’t actually want to collect on the insurance. You didn’t buy the insurance because, “Well, let’s see. I got a $20,000 car and I hope that I crash because then I get $20,000 back from the insurance company.” We know we don’t want to collect on the insurance. But you get the insurance anyway whether it’s required or not because it’s stupid not to have it.

Well, would you have insurance on your family’s financial future? I think you would be very foolish not have insurance. Now notice, I’m not talking about gold going to $5,000 an ounce because we’re bankrupt and we’re going to run out of gold tomorrow and they’re never going to make anymore. It’s all nonsense. It’s just simply not true. We got 70 years supply of gold above ground. COMEX isn’t going to default. There’s no such thing as naked short selling.

Investors are told a lot of nonsense but if they will listen to common sense and use the information they always already have, it makes sense to have insurance. It makes sense to have insurance on your life. It makes sense to have insurance on your car, on your house and on your financial future.

Maurice Jackson: Now, in reference to the insurance right now, which insurance has your attention? Gold, silver, platinum, palladium, and you mentioned rhodium?

Bob Moriarty: Well, I wrote a piece about a month and a half ago. Platinum had gotten to a $350 discount to gold. Silver was at a ratio of 75.5 ounces of silver to an ounce of gold. And I talked about this in my book. The price of Wheaties is related to the price of Cheerios. When the price of Wheaties doubles, the price of Cheerios probably going to go up.

Three times since I wrote my piec, the discount of platinum to gold has bounced off the negative $340 range. It costs more money to produce platinum than it does to produce gold. Platinum has far more commercial value than gold does. And the $350 area is the cheapest it has ever been relative to gold.

Likewise with silver, over the last hundred years, the ratio to average is 53 to 1. So when silver goes above 70 or 80 to 1, and it goes down to say 30 to 1, at 70 or 80 to 1, silver is cheap and at 30 to 1, gold is cheap.

One of the things that makes a lot of sense in any market is buy what’s cheap and to sell what’s dear. In relative terms, gold is expensive to platinum and it’s expensive to silver. So I am absolutely a buyer of platinum and I’m looking for good price to pay for silver.

Maurice Jackson: Bob, you highlight these ratios in your book, Nobody Knows Anything, and we’ll get to that shortly. Now on your sites, 321Gold and respectively, you provide very comprehensive insights on junior mining companies that offer truly amazing value proposition for speculators. Which ones have your attention at the moment?

Bob Moriarty: Well, one of the ones that you actually visited was DNI Metals. They’ve got a graphite project in Madagascar. And I unfortunately had a stomach upset and couldn’t make that trip. I really want to get over there in August and I’ve bought some shares in the open market. I participated in the placement.

There is going to be a transition in the next 10 years that we can’t even imagine where we’re going to transition to electric cars that are computer-run. They’re going to be self-driving vehicles. The same thing is true with aircraft.

An electric vehicle using batteries consumes I think six times as much copper. But the batteries require three minerals that are in shortage. They require graphite and they require cobalt for most of the lithium batteries. And they require lithium.

I think the demand for all three of those commodities – these are not commodities in shortage. I mean that’s what’s very important to understand. We know where there is lots of lithium. There is no shortage of lithium. We know where there’s lots of cobalt. And we know where there’s lots of graphite.

However, the demand is increasing far faster than we can increase the production. So, investing in companies that are in one or all three of those commodities could be extremely attractive. Now, I don’t know who it was, JimDines or somebody came out and started the lithium boom and then just started a graphite boom and started a cobalt boom. And all those commodities have come back to where they were before. So they’re very cheap now and there are a number of good companies in cobalt, a number of good companies in lithium, and a number of good companies in graphite. So I think there’s a lot of opportunity there.

There are some things that you can say are true and there are generational. I mean there are things that are going to last for 15 or 20 years. In 1999 and 2000 and 2001, I was beating the drum for gold and silver. And in fact, silver got down to $4 an ounce. Gold got to $252. They were generational. And gold at $1,250, if you bought it $1,900, you’re very upset. But if you bought it at $252, you’re just laughing.

I was buying silver at four and a quarter and four and a half dollars. I bought a lot of silver under $5 an ounce. I don’t care if silver goes down tomorrow. It doesn’t affect anything at all. You need to buy things when they’re cheap and sell them when they get expensive. Lithium is cheap. Cobalt is cheap. Graphite is cheap. You need to buy it now. If these things go up five or ten fold, sell them and take your profit and put it into something else.

Maurice Jackson: And we just want to echo what you shared with us at DNI Metals. We did have an opportunity to visit the site and Dan Weir, the CEO there, has done a remarkable job there. And the value proposition is quite enticing. We encouraged listeners to please take a look at the interview we conducted. And I know you share material in reference to DNI Metals as well. How about some other companies?

Bob Moriarty: Well, I’m going to see a company in Japan in a week called Irving Resources. And it’s a really interesting opportunity. It’s important that investors place the opportunity and figure out what is and what isn’t an opportunity.

Here is what happened. There was a company called Gold Canyon ran by Akiko Levinson and assisted by Quinton Hennigh. They got bought out by Keith Neumeyer of First Mining Finance. Their shares had gotten as low as 9.5 cents and I was beating the drums when the stock was 10 cents a share saying that was a hell of the deal.

And I think First Mining Finance got up to a $1.30 or something like that. Keith Neumeyer came in and for a share of Gold Canyon, he would give you a share of First Mining Finance. So anybody who bought at 10 cents share had potentially a 1,200% return.

Well, there was another side kicker to the deal. They had some projects in Africa and they had some potential projects in Japan. They spun off these projects into another company called Irving Resources. So if you had 50,000 shares of Gold Canyon that you bought at 10 cents a share, you ended up with 50,000 shares of First Mining Finance. But you also ended up with 3.3% of shares in Irving Resources.

So you were handed a share certificate for 50,000 shares of First Mining Finance and you were handed a share certificate for 3,333 shares of Irving Resources. So you had tons of people who had tiny amounts of shares in Irving and they’ve looked at it and say, “Well, I got these shares for free and I made a lot of money on Gold Canyon and First Mining Finance so I’ll just dump these Irving shares on the market.” So they’ve done that and you can continue to pick up these shares in small amounts that a stock that doesn’t trade much, 5,000, 10,000 shares a day.

However, if you go back and if you look at the news releases, they have had assay results as hig as $23,000 to the ton.

Maurice Jackson: Repeat that please.

Bob Moriarty: $23,000 to the ton of ore. Now, that’s crazy. OK? If you’re talking about a heap leach gold mine in Nevada at 0.8 of a gram, a gram of gold right now is about 40 bucks. So 0.8 of a gram is 32 bucks. You can make money at $32 a ton in Nevada in a heap leach.

Now, if you got $23,000 to the ton, you could make money with a hammer and a chisel. The highest-grade gold mine in the world is in Japan. I mean obviously, they are on the Ring of Fire and they are on the most active part of the Ring of Fire and they’ve got this subduction going where one piece of land is going underneath another piece of land at a tune of couple of inches per year. It generates enormous heat. The heat moves fluids around containing minerals. The highest-grade gold mine in the world is about 40 grams to the ton. It’s called the Hishikari Mine in Japan. So, every ton of Hishikari of ore is worth about $1,600.

Quinton Hennigh has done some grab samples in Japan and picked a piece of rock sitting on surface worth $23,000 a ton. I’m going over there in a week. I’ll be there for two or three days and I’m going to take a very big suitcase.

Maurice Jackson: I’m going to mail you my suitcase as well.

Bob Moriarty: And there’s an excellent chance of success. These are mines that were in production in Japan up until 1943. There had been no drilling. There has been no modern exploration whatsoever. And Japan is changing how they view foreign investment and the company has incredible potential.

Maurice Jackson: Bob, a mutual friend of ours, Jayant Bhandari, he is very high on Irving as well. So great minds think alike.

Bob Moriarty: (laughs) Oh, that’s not actually how it works. Great minds run in the same gutter.

Maurice Jackson: I’ll have to use that. Let me ask you one more issuer here. How about Rise Gold?

Bob Moriarty: Rise Gold is in an interesting situation. I own a bunch of shares. And they got a gold mine in California. They’ve actually got two or three gold mines in California. No question whatsoever. It’s very high grade. It’s half an ounce up to an ounce a ton. No modern exploration whatsoever. They put this package together.

Unfortunately, they just released a news release saying they’re not going to drill until fourth quarter. And investors took that as a negative and sold their shares off. There are a lot of negative things about California. But one of the things you would say about a financial crash is when there’s a financial crash, people look around and say, “Hey, we’ve been doing a lot of stupid things. We need to smarten up and start doing some smart things.”

You know what the state motto of California is? It’s “The Golden State”. So for California to take the position that they’re anti-gold mining, that’s a like of really stupidity. Gold built that damn state and gold could bring it out of the morass, out of bankruptcy and they could start producing a lot of money and income to investors and income to employees and taxes to the government.

I am absolutely adamant. One, we’re going to have a crash and two, when we’ve had the crash, things are going to get much better because people are going to wake up. The state of the Illinois literally cannot pay their employees and cannot pay their bills because they’ve told their employees, “We’re going to give you these pensions.” And everybody said, “Boy, that’s a great idea. I want to work for the state.” And unfortunately, they run out of money and they run out of taxing ability and they’re going to have to go back to these people and they’re going to say, “Hey, I hate to tell you this but we lied to you.”

Well governments or all in charge are lying. People go to the work for the government because they’re too lazy to work and too nervous to steal. And they’re going to wake up that they can’t afford to do what they’ve been doing.

Maurice Jackson: Now, based off the negative sentiment that Rise Gold would not do any drilling at least until the fourth quarter, it seems like this is a good time to purchase some shares. Would you agree?

Bob Moriarty: Well, if you go back and reread the book, you always want to buy stuff when it’s cheap.

Maurice Jackson: That’s exactly right.

Bob Moriarty: The strangest thing is there is nothing about the fundamental story that has changed whatsoever. It’s just as good at 16 cents as it was at 30 cents. The only difference is it’s not 30 cents. It’s 16 cents. Well, it’s a better deal at 16 cents than it was at 30.

Maurice Jackson: And for disclosure for me and for our listeners. I made an acquisition yesterday in Rise Gold for that very reason, just employing the methods that you conveyed in your book, Nobody Knows Anything. It’s looking at issuers that are near 52-week lows and the value propositions were there and the only thing is that the price is low then this is a good time to deploy capital. And that’s exactly what I did yesterday.

Bob Moriarty: Well, that’s a very complicated way of saying something that’s fairly simple. Let me point something out to you. What do you suppose the average range is for a stock on the TSX? What’s difference between the low and high on average?

Maurice Jackson: That I don’t know.

Bob Moriarty: It is hundreds of percent. It is very rare that a stock trades within a 50 or 100% range. There are dozens of stocks that were 2 cents a year ago that are 30 cents now. You don’t have to capture a hundred percent of the gain in a stock. If you could capture a tenth or 20% or 25% of the move in a stock in a year, you could extremely well.

We tend to overthink things. We just absolutely have too much information at our hands. Everybody overthinks this crap. And it’s simple. Buy cheap. Sell dear. And that sounds complicated and it’s not.

But you just mentioned the magic word. You go to Stockwatch and go to Stockhouse, what information does it give you on a stock? Well, it gives you the yearly low and it gives you the yearly high. So for a stock that’s a good stock and you’re in a favorable environment and you like to own a gold junior and it’s a yearly low, what should you do? Well, you’d buy the damn thing. OK?

So you buy it at 16 cents and it goes to 30 and it hits a new high. What should you do? Well, one of the alternatives is a) I just made a hundred percent return. You sell the damn thing. Instead everybody wants to look at it and say, “I want to buy Rise at 15 cents and sell it when it hits 4 bucks.” Well, maybe it’s going to do that. But I can guarantee it’s going to do a hundred percent return in a year.

So you had talked to me and suggested that I write a book about the basics of investing in junior mining stocks. And I’ve been fighting that for years and I realized, wait a minute. I’ve been to 400 or 500 different projects and know everybody in the industry and I’ve made every single mistake an investor can make. So yeah, I’m probably qualified to do that and I can probably save people some other mistakes. They don’t have to make their mistakes and all I have to do is not make my mistakes.

Maurice Jackson: So Bob, this kind of ties into my last question here. Are you sharing that there’s a new book that we should be looking for?

Bob Moriarty: Well, if you keep bugging me, I’ll write the damn thing.

Maurice Jackson: You have my word and I’m sure all of our listeners are ecstatic to get an opportunity to read the contents of the latest book which I’m sure you don’t have a title for right now. But …

Bob Moriarty: Yeah, I do, An Idiot’s Guide to Investing in Resource Stocks. And an idiot isn’t the guy reading the book. The idiot is the guy that wrote the book.

Maurice Jackson: Give us that title one more time, Bob.

Bob Moriarty: An Idiot’s Guide to Investing in Resource Stocks.

Maurice Jackson: All right. Again, you’ve made my day. Now Bob, before we close, we’ve referenced your books, The Art of Peace and Nobody Knows Anything. Ladies and gentlemen, these are must-have books for your library. Bob, give us a brief narrative and where can we buy a copy?

Bob Moriarty: Well, you can now buy them either on the Apple store or you can buy them on Amazon or you can walk into your local bookstore and they can order them for you.

Nobody Knows Anything is a very short essay, one day read book on what to avoid doing in investing. And I talk about things that I’d like the gold-silver spread like the gold-platinum spread. I talk about contrarian investing. I talk about how to know when you’re listening to a guy who is a con artist. If you’re listening to somebody and he’s talking about a COMEX default, he is a con man. If he is talking about naked short selling, he is a con man. If he is talking about how gold is going to go $50,000 all by itself in a vacuum, he is a con man. If he is talking about we’re going to run out of gold. We have got a 70 year supply of gold. We’re not going to run out of gold.

So people do that. They tell people things that are a little bit true. They tell people – they are like politicians. They tell people what they want to hear, “Vote for me. I’ll give you a free turkey in every pot.” And it’s all nonsense. We know it’s not true but they tell us what we want to hear so we vote for them or we give them our money anyway.

If you want to invest, you have to be a contrarian or you’re going to be a chump.

Maurice Jackson: Well-said. And by the way, just for our listeners here, all of the aforementioned comments/tactics, we do not use at Proven and Probable. We want you to be stewards of precious metals for the right reasons and not for the reasons mentioned above. OK?

And Bob, give us your website again.

Bob Moriarty: OK. It’s and And I’ll throw in a short blurb on The Art of Peace. That was a book that I wrote 15 months ago. And it’s actually two books in one. It’s a story of an 18-year-old kid who joined the Marine Corps. Went to a boot camp in 1964, became the youngest naval aviator in Vietnam, flew 832 missions in combat, was a captain of the Marine Corps when he was 22, and its an anti-war book.

There is no such thing as an honest war book that isn’t anti-war. People who have actually fought wars hate wars and they hate it for a reason. War is not a good thing ever. War is always a bad thing. And it appears to be fun to do.

The cover of the book actually shows the dichotomy of war and it’s very subtle. It has got a picture of an F-4 which I was flying when I was 20 years old, dropping bombs over a jungle which I was doing when I was 21 years old. And at the bottom, it has the real story and it’s a military cemetery.

If you want to understand the military, if you want to understand warfare, you need to go to any military cemetery and walk through and look at the age of the kids that died and then ask yourself, “Why did these guys die? What gain was there to anybody with an 18 or 19 or 20-year-old kid dying?” And the answer is there weren’t any gain at all. OK? It was a very foolish thing to. We shouldn’t have done it in the first place.

War should never be the first solution. It should absolutely be the last solution. And that’s not spoken from the point of view of a guy who is a pacifist. That’s spoken from the point of view of the guy who was an absolute warrior and knows what he is talking about as far as war goes.

I am terribly anti-war. I would defend my family. I would defend my country in a heartbeat if it were under attack. If it’s not under attack, it is not worth defending.

Maurice Jackson: Well, you and I share mutual concerns and I wholeheartedly respect everything that you’ve just conveyed to us. And again, ladies and gentlemen, please make sure you get these books, The Art of Peace and Nobody Knows Anything.

And last but not the least, please visit our website, where we interview the most respected names in the natural resource space. The website again is You may reach us at

Bob Moriarty of 321Gold and 321Energy, thank you for joining us today on Proven and Probable.


Proven & Probable

Maurice Jackson

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3 Comments on "Bob Moriarty – Who, What and Here’s Why"

  1. We are in a trade war against oil producing countries.
    We are in a border war with Mexico. We are in a mind control
    war with U.S. citizens listening to MSM, CNN, NBC, BBC, CBC Open testimony in the House and Senate and joint sessions of Congress ETC.
    Might add RNC and DNC News interviews with the MSM press.
    President Trump is looking at Geopolitical options in lieu of a shooting war w/N. Korea.

  2. If Gold is expensive now….why is Bob M buying gold stocks.

    • Mr. Paige, I am not qualified to speak on the behalf of Mr. Moriarty, I can share that within any sector there are unique values that the market overlooks. No two issuers are the same. For example the companies that we discuss he provides a fairly conclusive reason for his thesis for that particular issuer.

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