A2A with John Butler


Every week, we try to give you access to some of the smartest and most knowledgeable people in the precious metals sector and this week doesn't disappoint. John Butler is an analyst, author and executive at GoldMoney. He's also one of the smartest guys you're ever going to come across. Be sure you give this podcast a thorough listen.

Just a few of the topics addressed in this extraordinarily insightful podcast include:

  • The possibility/likelihood of new gold-backed currencies or notes
  • Today's news regarding the metals-rigging admissions by Deutschebank
  • Why gold must be revalued higher in order to deal with the massive quantities of global debt

Again, please be sure to listen to this entire recording. I guarantee you'll learn something new or, at least, gain a different perspective on issues that concern all of us. Thanks again to John for giving us so much of his time!



Apr 14, 2016 - 9:25pm

Greenspan: Monetary policy has hit the wall


Former Fed Chairman Alan Greenspan said Thursday that monetary policy has reached the outward bounds of its effectiveness without another round of quantitative easing .

Apr 14, 2016 - 11:08pm

Bitgold cards

@RickshawETF: Bitgold cards are prepaid, so you load them from your gold account at the current prevailing gold exchange rate paying a 1% fee for loading.

Apr 14, 2016 - 11:11pm

Thanks TF

Just another excellent podcast with a very knowledgeable guy.

AlienEyesFred Hayek
Apr 14, 2016 - 11:39pm

@ Fred Hayek

"And there is NO way that it (price suppression) could go on like that without the blessing of the U.S. and U.K. governments."

Well said, Fred ! Spot on !

Apr 14, 2016 - 11:53pm

OT - Asahi 10 oz bars

I already the 10o oz & Kilo Bars & added 5 :

Keep Stacking:

Apr 14, 2016 - 11:55pm

Yet another

excellent A2A! Very knowledgeable man. I had to laugh at how quickly Mr. Butler pointed out he wasn't in commodities at DB.

Apr 14, 2016 - 11:59pm


Thanks, Steve. An elegant way.

When I/we are forced to "bug out", as long as the internet is up, we can transfer funds to the card, and then pray the infrastructure allows us to pay for things [in wherever] with a card . . .

As an aside, I already have a GoldMoney account -- I assume they haven't linked the two together yet, so I'd need to open a separate BitGold account?

Apr 15, 2016 - 12:15am


Traditional GSR is 16/1. Countless commentators in the metals space say that silver is actually coming out of the ground at 10/1. Yet so many of those same commentators say GSR will re-balance at about 30/1. Why wouldn't GSR go back to at least 16/1? Why are so many saying 30/1?

Apr 15, 2016 - 2:24am


Most analysts use 30:1 as that is the more "common" ratio of the modern era (the last 50 years or so). You have to go all the way back to 1980, when the Hunt brothers were cornering silver (and the price soared to $80) to find the last time the GSR was below 30.

I've heard some analysts comment that silver should be priced higher than gold, and some say the ratio could dip to 10:1 or even 1:1 (man oh man, imagine trading an ounce of silver for an ounce of gold!).

Apr 15, 2016 - 2:54am


Great info. Thanks. I think SS121 might agree with that 1:1 figure you mention. But it sounds like our increased ability to extract resources has pushed the traditional ratio to 30:1.

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Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

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.

Forum Discussion

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