A2A with John Butler of Amphora Capital

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Earlier today, we held our final A2A webinar of the year and we couldn't have had a better and more timely guest than John Butler, author of the great book, "The Golden Revolution".

In this tremendous, 45-minute presentation, John addresses a multitude of subjects, including:

  • The possibility of a gold-backed Russian government bond, which would provide stability for the rouble
  • What China might be planing to do with their gold reserves and the upcoming IMF meeting next autumn
  • The meaning of today's announcement by the SNB to begin charging negative interest to depositors
  • The growing list of gold repatriation requests from around the globe

Many other subjects are covered as well so please be sure to listen to the entire recording. When you're done, check out John's latest Amphora Report entitled "AS THE ‘SANCTIONS WAR’ HEATS UP, WILL PUTIN PLAY HIS ‘GOLD CARD’?"(https://www.atomcapital.co.uk/wp-content/files_mf/1416418354AR_1114.pdf). You should then join John's mailing list so that you're notified whenever he publishes something new.

Lastly, if you haven't yet read "The Golden Revolution", I strongly suggest you order it today by clicking the link below. It is as powerful and relevant today as it was when it was published in 2012. You won't be disappointed.

TF

  117 Comments

Pseudozero
Dec 18, 2014 - 3:00pm

2nd

his book really set me off back before the vault days...i can't wait!!!

Dec 18, 2014 - 3:01pm

Furst?

Looking forward to this podcast. Was just thinking, Putin's comments about bracing for ca. 2 years of economic hardship for Russians would indicate the .gov in Moscow is not IMMINENTLY planning to upend the global monetary system. Then again, he also said improvement in the next 3-6 months is possible. And we should never forget .gov's proclivity for misinformation. In the end, they act and announce afterwards (if at all). Very curious to see how things develop.

Dec 18, 2014 - 3:01pm

here you go

I'd say this is pretty important:

heathbr
Dec 18, 2014 - 3:02pm

Them Miners!

Strong performance today! GDX and GDXJ

SlobberingBull
Dec 18, 2014 - 3:09pm

Sanctions

Obummer removed sanctions from Cuba because they never worked.
Obummer is now sanctioning Russia because they will work.

That's just brilliant.

J Siefert
Dec 18, 2014 - 3:13pm

London firms departing from gold trading

Great YouTube from Jay Taylor...

A Look at Gold Market Fundamentals with David Jensen Dec 17

David Jensen discusses several topics:

In the second issue (starting at 5:20) he explains that three companies are departing from gold trading at the LBMA possibly because of fear of criminal prosecution. They are the precious metals trading company Gunvor Group Ltd., the gold refining division of Johnson Matthey PLC and the physical metals trading section of Deutsche Bank. He reckons they are presumably fearful of involvement in the sale of assets with potentially multiple claims. If a firm has participated in the chain of custody and disposition of these assets there is a risk of being implicated in fraud or of lawsuits involving losses suffered by their customers. The big picture is that it's all coming undone.

PS: Is this also one reason why most gold going to China was first refined and recast in Switzerland so that the chain is broken???

s1lverbullet
Dec 18, 2014 - 3:23pm

Watching the Orgy in the Equity Markets

I want to laugh and cry at the same time. What a giant circle jerk this all is.

So let me get this straight....

NIRP = sell gold, buy stocks

Proxy war = sell gold, buy stocks

1 trillion dollar budget deficit = sell gold, buy stocks

ECBQE = sell gold, buy stocks

Japanese QE = sell gold, buy stocks

Rising dollar = sell gold, buy stocks

Plummeting dollar = sell gold, buy stocks

Huskers fire Bo Pelini = sell gold, buy stocks

New Kardashian show = sell gold, buy stocks

Cubs win the pennant = sell gold, buy stocks

Royals make the World Series = sell gold, buy stocks

New Hobbit Movie = sell gold, buy stocks

China and India devour entire yearly supply of mined gold = sell gold, buy stocks.

GOT IT. Anyone got a beer and a bottle of Prozac I can borrow??

Clarkii Stomias
Dec 18, 2014 - 3:33pm

Ironic or purposeful?

I just was on MarketWatch and saw this beauty taking up the entire right side of the screen:

https://cdn.atdmt.com/ds/AANYCTROWTRW/2014_TRP/tpd_gmo_2014_confidence_300x600_dowj.jpg

An ad for T. Rowe's investment service. Invest with Confidence! The little bug (you) can make it over the bend of opportunity to the top of the grass blade (your financial dreams)!

Step back a sec and look at that image again. Notice the "graph overlay"? Pray tell, which way is the "graph" of the blade of grass going? A swan dive to zero! Intentional?

Someone has a sick sense of humor. Sell hope in the words, broadcast what is actually gonna happen with the image itself. I especially love how the "2015 outlook/view our insights" is pointing towards the bottom right of the trend. If it's an accident it's hysterical and if it's intentional it's genius.

They consider it rude not to warn the observant ahead of time, right?...

surfeitndearth
Dec 18, 2014 - 3:43pm

re-post: Paul Craig Roberts article

DECEMBER 18, 2014

Financial Market Manipulation Is the New Trend: Can It Continue?

Rigging the Market

by PAUL CRAIG ROBERTS

A dangerous new trend is the successful manipulation of the financial markets by the Federal Reserve, other central banks, private banks, and the US Treasury. The Federal Reserve reduced real interest rates on US government debt obligations first to zero and then pushed real interest rates into negative territory. Today the government charges you for the privilege of purchasing its bonds.

People pay to park their money in the Treasury debt obligations, because they do not trust the banks and they know that the government can print the money to pay off the bonds. Today Treasury bond investors pay a fee in order to guarantee that they will receive the nominal face value of their investment in government bonds.

Think about this for a minute. Allegedly the US is experiencing economic recovery. Normally with rising economic activity interest rates rise as consumers and investors bid for credit. But not in this “recovery.”

(contd)... https://www.counterpunch.org/2014/12/18/rigging-the-market/

SS121
Dec 18, 2014 - 3:51pm

no fiat currency will become officially backed by gold

as the system is dying it will "talk" about various "gold" solutions, but that's it.

at about 8:50 Turd asks the right question (which nobody can ever answer) when he basically asks 'ok then how exactly do they do it?' (there was no answer)

---

from what i've read so far The Golden Revolution is another book about how gold might be used within the system to fix the system. which like the others misses the reality of the situation which is that the system is what has currently displaced Silver and Gold from their monetary role.

As Silver and Gold return to their monetary role in the hearts and minds of people the world over, the system of fake charts and paper gold is merely scrambling to associate itself with "gold" to maintain it's fading grip on the minds of the people.

It's over, the tipping points have been passed. The silver chart is crippled and dying and it's terminal condition is as irreversible of any other exposed deception.

it's all unfolding in real time and right out in the open. the charts are fake, the media stories are manufactured misinformation designed to legitimize the system, and it's all ending.

Only Silver and Gold are Money

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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