sprottIn this MUST WATCH interview, Sprott Asset Management’s Eric Sprott states that the Fed’s taper talk was smoke and mirrors intended to hammer the price of gold from day one, and that gold is ready to live its own life based on fundamentals!

Eric Sprott’s full MUST WATCH thoughts on taper, gold and silver shortages, bail-ins, and whether the next massive rally in the metals is underway is below:

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2013 Silver Maples As Low As $2.29 Over Spot At SDBullion!

Silver Maple

  1. Hey Ranger, you out there? You were talking generators the other day. Whenever I talk about power back up the solar guys all talk $10,000 – $50,000 stuff. I try to tell ‘em it is just for plugging in a freezer couple times a day, a few occasional lights and maybe a dvd movie at night. They don’t get it. They all want to install and sell power units that supply and fortify 8,000 sq. ft. luxury homes. UGGGH. Originally started out wanting a small solar generator for my needs. You know anything about that? You said 2500 watts will do for just basic needs. Got any more info or where to find it?  

    • Check out the small solar installation videos on You Tube.  I have seen several of them and some of them go into pretty good detail about what they are using and where they got it.  Even a small 1,000 watt system would be darned useful if the power goes out.

  2. Big Tom  I have some intel on nat gas generators and solar power.
      we installed a 14 KW nat gas generator a couple of years ago.  It is wedded to our nat gas supply and has the transfer box and other electrical connections to allow it to blend seamlessly with our home electrical system if the power goes off.  It’s a Generac and the overall price was $11,000   We lose power several times a year and in the winter the home can get cold enough to break pipes.  So its power reserve is vital to our well being, keeping lights on and power to warm the place up
    In San Diego we had a 25 KW Propane Generac since we were way out in the country and power losses were commonplace, what with the grid problems San Diego had on a regular basis  Our business has always been home based so uninterruptible powar was a must
    Now to Solar.  We had a megwatt level installation put into the home in abour 2002.  (I think it was mega watt but peak power production was 100KW a month.  It was a large commercial array consisting of about 125 5×3 panels.  This took our entire power bill that was running $800 a month to zero. The meter ran backwards.  The unit cost about $120,000, half paid for by the state through their green power funding.  The rest was paid for by us and with rebates, ACRS depreciation and tax credits.  It paid for itself in about 4 years.
    These are examples of what can be done but if I had to do it again I might go with something smaller.  the solar salesman was very good at his job.  A hard installation generator would probably not cost more than $5-7,000 for a 10KW generator
    Solar is still very expensive despite the the tax credits and other stuff that the government offers.  But solar is always on if the sun shines.  It if produces a decent power level it can run power back to the utility, giving you a credit on power consumption against usage during peak months   Or if  the grid goes down you get power when no one else has any.

  3. Ed_B & AGXIIK – thanks both for your info. Am on the run this a.m. but will look into this when I get back. And AGXIIK I know what you mean about these solar salesmen being very good at their jobs. They all seem very comfortable over selling their product to a neophyte, or so it seems to me…..happy trails…….

  4. Roger that Big Tom. I do not recommend homegrowing your generator or solar installation unless you are an expert.  Permits are usually needed for these installation unless you are far outside the rat bastard city or county permitting processes.  More money, time and tooooooomuch disclosure. We installed our Generac without going to the HOA since those people are total s***** about anything. Our HOA rules did not disallow a generator so we told no one but did have to get engineering review for balcony weight loadins and electrical permits for the transfer switches etc.  We had a very reliable contractor do the installation since that work involves some serious knowledge of how to merge a generator of this power (think full house power replacement when it kicks in) and making sure we have reliable ‘just in time’ power restart.
    We have had village wide grid downs when our utility went dark.  So this is a good back up and a Generac of this size can run full time for at least 5 days, or so the contractor says
    As for solar, if your installation is large enough, you want a transfer box there too.  We had an interesting situation in our setup in San Diego because our 25 KW generator was installed a couple of years before the solar system was set up
    The transfer box for the Generac was complex since it was powerful enough to replace most of the external utility provided power wattage. When we lost power and this happened frequently with the Grey Davis power problems back when Enron and JPM was rigging the power markets in Southern Kleptifornia.   When we put in the solar grid, the blending of that unit’s power input, running pretty much 12 hours a day in sunny Sou Cal, the merging of those two system within two transfer panels literally caused the solar company’s tech to have a nervous breakdown. ISYN. 
    It was a sad thing to see this guy lose his mind over the wiring harnesses and how to blend them together.
     
    All thing considered, you may want to homegrow your system if its small enough. Solar can be set up without a lot of brain damage if you hire the right person. I have seen the financials and tax returns of enough solar power firms to know they are profit machines that rely on state subsidies and green energy credit. Kind of like turning yourself over to a hospital and doctor when you have full health insurance coverage   It is a license to steal when you are not monitoring the costs of medical care.   The solar business is similar in that when all you have to do is write and check and the state pays for half, the prices get crazy.
    Do you diligence and check everything. If you are paying for this out of pocker there are lots of ways to work with your contractor to keep costs down.  I like paying with cash first and then silver second.  This gets some nice results and the contractors are happy to deal outside the tax grid.  I am sure you know what I mean in that situation.  Cheers and good luck 

    When you complete this work, let us know how it turned out so others can use your process to help them get a better handle of surviving in a grid down situation   This could be a good post on TND and the prep section

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