A2A with John Butler

34

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!

TF

  34 Comments

Gramp
Apr 14, 2016 - 9:25pm

Greenspan: Monetary policy has hit the wall

https://finance.yahoo.com/news/greenspan-monetary-policy-hit-wall-153125...

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

SteveW
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.

SteveW
Apr 14, 2016 - 11:11pm

Thanks TF

Just another excellent podcast with a very knowledgeable guy.

AlienEyes Fred 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 !

Rakka
Apr 14, 2016 - 11:53pm

OT - Asahi 10 oz bars

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

Keep Stacking:

gazzmann
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.

RickshawETF
Apr 14, 2016 - 11:59pm

@SteveW

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?

gazzmann
Apr 15, 2016 - 12:15am

Question

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?

RickshawETF
Apr 15, 2016 - 2:24am

@gazzmann

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!).

gazzmann
Apr 15, 2016 - 2:54am

RickshawETF

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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