"Nobody Cares, Revisited" with Grant Williams

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Fund manager and analyst Grant Williams joins us for an update on his tremendous "Nobody Cares" presentation from late 2015. Additionally, Grant takes some time to discuss the USDJPY-gold link as well as the pending introduction of that yuan-denominated crude oil contract in Shanghai. Be sure to take some time to listen.

If you haven't seen "Nobody Cares", you should be sure to do so now. Though Grant first made this presentation back in December of 2015, the information is still highly relevant today and, with gold prices on the verge of an upside breakout, the implications of a large influx of new cash into the sector must be considered.

We also discuss the issue of "de-dollarization" and the impact the new, yuan-denominated crude oil contract may have on the process. Grant's follow-up presentation of December 2016 dealt with this topic and you can watch it here, too. If you've never seen this video, you simply MUST take time to watch it today. The part that deals with de-dollarization and the potential impact of this new contract begins at about the 19:00 mark.

Again, we are all grateful for Grant's efforts in educating the masses through his presentation, his public appearances and his work at RealVision. We are grateful, too, that he would spare a few minutes to visit with us again here at TFMR. Be sure to listen to this entire podcast. You'll be glad you did.

TF


91 Comments

J Siefert's picture

1

Och aye the noo!

silver66's picture

thanks for re posting

I observe that the reason there tends to be eruptions of anger on this board is because WE do care !

Information like this reminds us why we fight the good fight in our own ways, to protect our families, friends and ultimately society from the financial wrongs that perpetrated against them.

Silver66

V

RickshawETF's picture

Thurd!

Thurd!

brolgaboy's picture

is it just me?

is it just me or is the JNUG volume the lowest it has been for the entire last year.

billhilly's picture

Now wait just a minute....

...Grant, and Grant.  Hmmm....

A couple of General's indeed !

Turd Ferguson's picture

This from Alasdair

MODERATOR
Ronnie 666's picture

10% - only 10% ?

it is interesting that Grant Williams agrees that gold has been Money for 5000 years and that gold is the place you put money you can’t afford to lose and things look good for gold and we have bottomed and are moving up ........yet you only put 10% of you money in gold.  He didn’t say that exactly but used 10% over and over. So the other 90% you put in stocks and bonds and cash. We all agree that bonds and stocks and cash are in a bubble a massive multi year bubble. A bubble by definition is unpredictable - it always pops but timing is impossible. So please explain ?  

I have heard this argument before from Rickards that you only need 10% as a market crash will send gold to $5k and you will protect your capital - cover your loses on stocks and bonds. So we spend hours a day listening to people discuss gold and silver to take a defensive 10% position so you can cover losses? Really ?

All markets look pretty unstable right now and I can’t think of a better place to put your cash. No one says put every last cent into gold although I don’t think that is as much of a risk when compared to putting every last cent into stocks. Am I missing something ? 

Verus nemo's picture

Thanks for this podcast, Craig!

Grant Williams and Jim Grant are my two favorite analysts in this space. I learn so much from them both every time I read or listen to them; either of them are welcome here anytime as far as I'm concerned.

Thanks again for such a great website-community, Craig.

Markedtofuture's picture

China Quietly Orders Closing of Bitcoin Mining Operations

Updated Jan. 11, 2018 1:29 a.m. ET

75 COMMENTS

BEIJING—Bitcoin can’t catch a break in China.

Chinese authorities ordered the closing of operations that create a large share of the world’s supply of bitcoin, tightening a clampdown that has already shuttered exchanges for the trading of cryptocurrencies in China.

A multiagency government task force overseeing risks in Internet finance issued a notice last week ordering local authorities to “guide” the shutdown of operations that produce, or “mine,” cryptocurrencies, according to the notice and people familiar with the information.

While the notice called for an “orderly exit” without setting a deadline, far-flung areas of China where cryptocurrency mining operations have flourished are complying. A local regulatory official in the far western region Xinjiang said Wednesday that his agency received the notice and is doing “what the country wants.”

Pooling Bitcoin

China still accounts for the lion's share in global bitcoin “mining,” or production, even as authorities move to clamp down on operations.

https://www.wsj.com/articles/china-quietly-orders-closing-of-bitcoin-mining-operations-1515594021

Chest Rockwell's picture

"The Apocalyptic World at $10,000 oz. Gold"

We've all heard this phrase a 1000 times and again in this podcast.  We live in a world where some coins (I think around 1500 kinds and rising  (So much for scarcity)) made of digits,  just rose from nothing to around $15000. Or at least multiple x's of nothing.  Yet there's no nuclear war, food riots, or the like.  So what makes everyone think $10,000 oz gold is so scary?  Only governments (holding gold), and the very few invested will benefit.

Ronnie 666's picture

Platinum moving up nicely with no one noticing it

PGMs are doing well and this past week Platinum  has moved against the trend moving up most days while gold and silver (and Palladium) were correcting ? Perhaps there is not as much supply as was believed to exist ?

silver10sguy's picture

Well Said Ronnie with regards to 10%

I felt exactly the same way once I heard him say, "10% of your money in gold."  I love his work but many of us here are sick of this fiat criminal banker system forced to endure the manipulation while the super wealthy and the corporations borrow money to do stock buy backs or use near zero interest loans to push stocks upwards.  The crash of 1987 was so sudden you could not get your money out.  If the system were completely fair and honest then diversity would make good sense but now hell with that. 

Thanks to Turd for having him come back to share with us.   His videos in recent years are excellent for sharing with family and friends with their head in the ground.  In a nutshell I love Turdville for the unique perspective from Turd and everyone as the dollar and the monetary system are reaching a turning point.  

phoenixphoenix's picture

SILJ

Top Ten holdings :

Top 10 Holdings (74.29% of Total Assets)

Get Quotes for Top Holdings

NameSymbol% AssetsHochschild Mining PLCHCHDF.L12.85%Hecla Mining CoHL11.95%Coeur Mining IncCDE11.68%Pan American Silver CorpPAAS.TO11.57%Yamana Gold IncAUY.TO5.04%Hudbay Minerals IncHBM.TO5.04%MAG Silver CorpMAG.TO4.52%First Majestic Silver CorpAG.TO4.12%Tahoe Resources IncTAHO3.96%Silvercorp Metals Inc SVM 3.56%

https://finance.yahoo.com/quote/SILJ/holdings?p=SILJ

Markedtofuture's picture

Everything #Newton on Anaconda Mining $ANX

Would you believe that I've written over 20 articles on Anaconda Mining (TSX:ANX)? Well, I have and the story keeps getting better.

To start off this new year, I'd like to take a look back at the articles I've published on the company. Make sure to have a look at CEO.CA/ANX for even more colour commentary along the way.

It wasn't until I started talking with Mr. Dave Hatchette, The Unknown Geologist, that it all started to come together. As he says, Goldboro is "The Beast". It may prove to be the thing that drives Anaconda towards a billion-dollar valuation.

https://ceo.ca/@newton/everything-newton-on-anaconda-mining-anx

silver10sguy's picture

Question for Turd regarding the Dollar

Turd,  what is the key level for the dollar as we approach the September lows?  It seems like the next support area is quite a bit lower.  

OOOBuck's picture

Ditto on the rule of 10% guys!

Grant pointed to the anomaly that was the frenzied precious metals buying of 2011 as it related to the panic in the traditional markets.  Yes, that happened but what's changed?

If anything, our markets are setting up for a calamity that could easily dwarf anything that has occurred in the past decade.  If you choose to call precious metals buying in 2011 as panic buying, allow me to assure that the next panic may adopt dimensions heretofore unimagined.  If nothing else and IMHO, a very good reason to be invested in PMs well in advance of any economic tremors rattling the teacups.

So, is 10% the right amount?  Is 20%?  Of course the real question isn't how much in PMs you should have but how much is invested in other things.  One immediately thinks of the stock market but anyone who has been a member of TFMR for more than a few weeks knows full well that the stock market is the aberration, the anomaly created of the same stuff as the US$ and fed like a coal furnace, (initially and solely by the US Fed) with every dollar that could no longer find a reasonable return in fixed assets.  In order words, everything but real estate.

And as for real estate, the sky remains the limit!  Why wouldn't it be?  Interest rates are such that everybody and his pony has been enjoying double digit growth year after year since the Fed reduced interest rates to near zero.  How many license plates on extravagant cars have you seen with some variation of 'flipper' on it?  Are you sure you still have time to invest your 80% - 90% in real estate without enduring the biggest collapse in housing prices in US history?  Should you even have any money invested in real estate.  If you think this real estate market is  sustainable, please private mail me.  I'd love to know how.

Grant makes clear that the answer as always, is to be diversified.  10% gold, maybe 35% stocks, 35% real estate and 20% something else that you know something about.  Well, to my mind, the 70% that are stocks and real estate could be worth half that in short order (but as any investment advisor will tell you - hang on to it because they always bounce back) and the other 20%, who knows.... I for one don't have access to any such thing at this time.  Maybe cryptos, if you can pick a winner.

So.... I own silver and gold bullion, silver and gold mining stocks (that would make it all precious metals) plus I own a bit of oil stock, some pot stocks and a couple of miscellany. Until recently (when I sold my home), I owned real estate. 

According to Turd, I'm a fool because I own considerably more than 20% of my holdings in precious metals. 

Well sir, thank you muchly.

Turd Ferguson's picture

As we've been saying, watch

MODERATOR

As we've been saying, watch the lows from the wee hours of September 8 last year.

POSX hit 91.01 before magically reversing in the "what changed on September 8" moment.

A daily close below that 2016 intraday low would be very bearish.

Ronnie 666's picture

000Buck ditto

Ditto I own more than 20% and as I am not in the USA, gold in my local currency is only $100 off it’s all time high. One thing I would not own right now is US$ as we all agree it’s going down down down.....

Markedtofuture's picture

Immigration Officials Raid 7-Eleven Stores

Immigration Officials Raid 7-Eleven Stores Nationwide, Net 21 Illegals

"Today’s actions send a strong message to U.S. businesses that hire and employ an illegal workforce: ICE will enforce the law, and if you are found to be breaking the law, you will be held accountable,"

Trump: "Why Are We Having All These People From Shithole Countries Come Here?"

The immigrant deal that was in the bag, appears to have crashed and burned after Trump asked "Why are we having all these people from shithole countries come here?” referring to African countries and Haiti, suggested that the United States should instead bring more people from countries like Norway.

boomstick's picture

10%

I think the reason for the 10% target is that he's talking to the 0-1% crowd, not the stackers. And if he says 30% or 90% he gets the response 'well if I'd listened to you four years ago I'd be nigh broke instead of having my TSLA triple'.

10% is less scary. If everyone who hears it decides to split the difference, then at least that's 5% going into the metals...

phoenixphoenix's picture

USD

Dollar has tanked 2 days in a row at roughly the same time , first time it rebounded, today not, lets see if we get 3 in a row?

silver10sguy's picture

Dollar Death Watch

Thanks Turd for pointing out the 91.01 level.    With all the problems facing the dollar I wonder how far it's going to drop in the coming months and years. 

phoenixphoenix's picture

USD Head and Shoulders pattern

Dollar Index Since 7 Sept 2017 , a H+S pattern can be a continuation pattern. i.e. In this case Down,Bearish. We shall soon find out.

OOOBuck's picture

Oil strong in a.m. - weakening into close

WTI rocketed out of the gate, approaching 64.75/bbl and held fast to the mid 64/bbl area for the remainder of the morning.  However, it began a steady decline in the afternoon and closed in the mid 63/bbl area.

Both ETH and BTC faded with negative news from S.Korea and China.  BTC was stripped of its 13 handle as ETH flirted with 1,100.

The Cdn5 Pot stocks suffered another dismal day, now worth around 10% less than they were yesterday.  It was a general onslaught but Cronos Group led the pack - down 16.53%.  That puts the Cdn5 into negative territory for the week... the first time in more than 3 months.

And that's that!

Turd Ferguson's picture

Well, it appears that today’s

MODERATOR

Well, it appears that today’s double bottom at 111.10 has now been painted.

streber's picture

7 trading days thru yesterday, Wednesday

In other words, 2018.

Gold has gone nowhere, ranging around $1320 +/-

O.I. has increased every day.
Total inc 74,465.

The Cartel has stopped the rise.

Look for a U$D pop off bottom to coincide with serious mayhem in the Au price when first notice day arrives in two weeks for the FEBs.

Disclaimer, I dumped the last of my FEBs today.  Still holding June

scoremore's picture

Ronnie...

I have noticed. YTD Pt in the lead out of Au, Ag, Pd and Pt. (and look @ 1 month for Pt)

streber's picture

Yeah, U$D/ Jap Yen pop should also add some weight to the

soon to be falling gold price.

4 oz's picture

King Charlie45??

Image result for Marchas45

canary's picture

USD/JPY double bottom painting...(Friday's ritual).

Maybe tomorrow's data will help us (CPI and Retail Sales).

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