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Thursday Conversation - Grant Williams

A discussion of the US$ and the gold standard.


With all sorts of uncertainty ahead in 2019, what a great time to check in with Grant Williams, sound money advocate and co-founder of Real Vision.

Grant and I recorded this on Wednesday, just after the release of the FOMC Fedlines. And what a great time to visit! Over the course of this call, we discuss three main topics:

  • The immediate reaction to the Fedlines and what we might expect in 2019.
  • The likelihood of an eventual re-imposition of a gold standard monetary system.
  • And in the end, what do you do with all of your physical gold and silver?

As mentioned in this podcast, you should be certain to watch Grant's latest presentation. While his work is always educational and informative, this latest is particularly timely and helpful. Have you ever wondered about the gold standard and why so many in politics, finance and the media seem to abhor it? Take 40 minutes to watch the video below and you'll soon understand.

And don't forget to consider a subscription to RealVision for 2019 and beyond. With global events careening out of control and economic uncertainty prevailing, now is the time to access as many trusted sources of information as possible. More information can be found here: https://www.realvision.com

Thanks again to Grant for sharing some of his valuable time with us. Please be sure to give this podcast a thorough listen.



Dec 20, 2018 - 4:28pm


Yup! My first first on the new site!

Now to listen to one of the most thoughtful, informed, and articulate fellows there is... Thanks, Craig!

TF Metals fan
Dec 20, 2018 - 4:41pm


Grant Williams! What a treat! Thanks.

Dec 20, 2018 - 5:35pm

I'm cuckcoo for Co Co Bonds

Anyone got some of these DBank contingent convertible bonds selling for 83 cents on the dollar DBank hit a new low of $8 and the bonds are in peril of being converted . Did I read that right. Something about the bonds being bailed in if the bank's regulatory capital falls below a certain level. Converted to what? Magic bail in beans?

I really can't figger this out. Must be high finance or sumptin' DBank is in hot water along with 3 other banks for a decade long rigging, colluding and conspiring by back channel means to price manipulate trillions in sovereign bonds. Naughty Naughty I pity the fool that thinks merging DBank with Commerz bank is a good idea

Two drunk banks walk into the ECB Bar and Grill.

"Set up drinks for everyone and a round for all of our friends here" says one of the drunken banks

Barkeep says "Who's Paying?"

DBank says "Italy"

Dec 20, 2018 - 5:36pm

Great explanation by Grant

Keynesian economists generally blame gold for being a chaotic option when introduced as the anchor to a monetary system. They just forget mentioning the system already imploded.

Grant said,"it is where we end up".

Dec 20, 2018 - 6:41pm

Well AGX

all I know is; When the really big events happen, when many are peering out of their hidden caves on Mount Rainier, and a can of bean will cost two apples, the bonds/interest rates/DOW/national debt/SS checks/and the wall at our southern border, will not have a thimble full of meaning or concern. Even the two banks , at the bar, will be FINISHED. jmo Jim

Dec 20, 2018 - 7:24pm
boomer sooner
Dec 20, 2018 - 7:56pm

Thanks for Grant!

Really enjoy listening to his opinion at world events.

Dec 20, 2018 - 9:29pm

Grant Williams

Grant Williams and Greenspan graphics. Sweet!

Dec 20, 2018 - 9:35pm

Thanks for Grant's interview

The Bob Moriarty interview by Jay Taylor is excellent on explaining Novo's NR today. Thanks for posting that Pabste. As usual with any Novo NRs, it was difficult to understand. Moriarty was great at explaining the great results.

Dec 20, 2018 - 11:46pm

That Wolf thingy

Not connected to the talk other than the wolf reference, but I know Wolves are popular creatures and I did see this very interesting item about the Wolf & Moose relationship on Isle Royale, Lake Superior. Just thought I`d add it. Grant Williams is a top drawer chap, we share a similar accent but I can tell he went to a better school than me, but I am a little taller than him so we will call it all quits.


J Siefert
Dec 21, 2018 - 1:30am

Happy Yuletide

Today December 21st is winter solstice and the first day of Yuletide.

A winter solstice is the moment in time when the Earth's tilt away from the Sun is at its maximum and the Sun's maximum elevation in the sky is at its lowest.

J Siefert
Dec 21, 2018 - 1:32am
Thomas More
Dec 21, 2018 - 7:52am

Watch what happens


I would say that we are in the 9th inning and the bases are loaded.

Dec 21, 2018 - 8:45am

Good Interview Turd and Especially the Key Question

Thank you Turd for bringing back Grant Williams. I always like to hear the answer to the key question on what to do eventually with your gold and silver. His reply of buying another asset class eventually was only surprising in that he did not mention crypto currencies. I just found this article on our lawmakers giving some thoughts for the future of crypto that are supportive of its future significance.


Dec 21, 2018 - 9:46am

See this

Dec 21, 2018 - 9:49am

Late start

I am in the PST zone so a bit of a late start today. Am recording with Eric at the top of the hour. Will post that here when it's finished. Will then get to work on a new post but it will be after 11:00 EST before it's available.

It's going to be a volatile day. Nice to see prices hanging in there so far.

Dec 21, 2018 - 10:27am

Dec 21, 2018 - 10:42am
Dec 21, 2018 - 10:50am


Moriarty has been interviewed by Jay Taylor and also written an article on his 321gold site concerning how to interpret the alluvial results from using a new sorting machine by Novo. That helps and appears to be very positive concerning mining the Pilbara.

Novo followers will remember that Moriarty had messaged from the Pilbara, wanting shareholders to not vote for Sprott to continue on Novo's Board at the annual meeting. Moriarty was to provide more info on his return. All board members were reelected. Shareholders were left in the dark on the Sprott issue.

Today in Moriarty's Novo article, he expressed concern with the leadership of Pacton (a Sprott partially backed Pilbara project), concerning the leadership of Pacton not talking to Moriarty about alluvial mining during his recent visit with Quentin Henning and the Novo project.

I am left wondering if that was the concern about Eric Sprott and whether that is anything we as shareholders in the various Pilbara projects should have concerns about.

I am going to move forward and take the Novo Good News on alluvial mining with the new sorting machine as "good news for all" and a step closer to "Witswaterand 2" with all parties working toward making successful mining a reality.

Just some thoughts and not trying to slight any of the parties in any way as all persons involved have made me profits through their information when most miners have been suppressed.

Dec 21, 2018 - 11:13am

my perspective

Regarding a battle of integrity and honesty between Sprott and Moriarty...I think everyone knows whom I would trust in this situation.

Dec 21, 2018 - 12:34pm

WTI is $45 Might be good for the miners

But oil at $45 a bbl is just about the screamingliest sign things are not going so well in the world economy. Reading Steve St Angelo at SRSRocco, he notes that at $45 there's only two majors making money. Devon Energy and Oxy Pet. It's bad enough that every shale. fracking and tar sand producer is getting killed. Most of them have an all in cost of $50-75 a bbl to extract the goo.

Petro is a large cost of mining so maybe some of the miners might see some job as their diesel and gas costs drop. But demand for base metals, even will lower oil prices, means the economies are hurting. Maybe not this second but asset deflation in the base metals and oil is not a good sign

I don't know if this is another good reason to buy gold and silver but it might be. At least the miners might have a lower AISC and better profits.


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Key Economic Events Week of 5/13

TWELVE Goon speeches through the week
5/14 8:30 ET Import Price Index
5/15 8:30 ET Retail Sales and Empire State Manu. Idx.
5/15 9:15 ET Cap. Ute. and Ind. Prod.
5/15 10:00 ET Business Inventories
5/16 10:00 ET Housing Starts and Philly Fed
5/17 10:00 ET Consumer Sentiment

Key Economic Events Week of 5/6

5/9 8:30 ET US Trade Deficit
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5/9 10:00 ET Wholesale Inventories
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4/30 9:45 ET Chicago PMI
5/1 8:15 ET ADP jobs report
5/1 9:45 & 10:00 ET Markit and ISM Manu PMIs
5/1 10:00 ET Construction Spending
5/1 2:00 ET FOMC Fedlines
5/1 2:30 ET CGP presser
5/2 8:30 ET Productivity and Unit Labor Costs
5/2 10:00 ET Factory Orders
5/3 8:30 ET BLSBS
5/3 9:45 & 10:00 ET Markit and ISMServices PMIs

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