Sponsored by

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 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.

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 - 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 - 10:42am
Dec 21, 2018 - 10:27am
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 - 9:46am

See this

India imported a whopping 1,031 metric tonnes of silver in October.
That's the largest one month total since December of 2015.
And where was price and what was it about to do in December of 2015?
h/t @PopescuCo pic.twitter.com/AciuP5VZUL

— TF Metals Report (@TFMetals) December 21, 2018
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.


Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

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.

J Siefert
Dec 21, 2018 - 1:32am

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 4/19

4/22 8:30 ET Initial jobless claims
4/22 10:00 ET Existing home sales
4/22 10:00 ET LEI
4/23 9:45 ET April flash PMIs
4/23 10:00 ET New home sales

Key Economic Events Week of 4/12

4/13 8:30 ET CPI
4/13 12:00 ET Goon Harker
4/14 8:30 ET Import Price Index
4/14 12:00 ET Chief Goon Powell
4/14 2:45 ET Goon Chlamydia
4/15 8:30 ET Retail Sales
4/15 8:30 ET Philly Fed
4/15 8:30 ET Empire State Manu
4/15 9:15 ET Cap Ute and Ind Prod
4/15 2:00 ET Goon Daly
4/15 4:00 ET Goon Mester
4/16 8:30 ET Housing starts

Key Economic Events Week of 4/5

4/5 9:45 ET Markit service PMI
4/5 10:00 ET ISM service PMI
4/5 10:00 ET Factory Orders
4/6 10:00 ET JOLTS job openings
4/7 9:00 ET Goon Evans
4/7 12:00 ET Goon Barkin
4/7 2:00 ET March FOMC minutes
4/8 12:00 ET Chief Goon Powell
4/9 8:30 ET PPI
4/9 10:00 ET Wholesale inventories

Key Economic Events Week of 3/29

3/30 9:00 ET Goon Quarles
3/30 10:00 ET Consumer Confidence
3/30 2:30 ET Goon Williams
3/31 8:15 ET ADP Employment
3/31 9:45 ET Chicago PMI
3/31 time TBA Biden Infrastructure speech
4/1 9:45 ET Markit Manu PMI
4/1 10:00 ET ISM Manu PMI
4/1 10:00 ET Construction spending
4/2 8:30 ET BLSBS

Key Economic Events Week of 3/22

3/23 9:00 ET Goon Bullard
3/23 12:00 ET CGP and Mother on Capitol Hill
3/24 8:30 ET Durable Goods
3/24 9:45 ET Markit Flash PMIs March
3/24 10:00 ET CGP and Mother on Capitol Hill
3/25 8:30 ET Q4 2020 CDP final guess
3/25 12:00 ET Goon Bostic speech
3/25 3:45 ET Goon Chlamydia speech
3/26 8:30 ET Personal Income and Spending
3/26 8:30 ET Core Inflation
3/26 10:00 ET Consumer Sentiment

Key Economic Events Week of 3/15

3/15 8:30 ET Empire State Index
3/16 8:30 ET Retail Sales
3/16 8:30 Import Price Index
3/16 9:15 ET Cap Ute and Ind Prod
3/16 10:00 ET Business Inventories
3/17 2:00 ET FOMC Fedlines
3/17 2:30 ET CGP presser
3/17 8:30 ET Philly Fed

Key Economic Events Week of 3/8

3/8 10:00 ET Wholesale Inventories
3/10 8:30 ET CPI
3/10 2:00 ET Federal budget
3/11 8:30 ET Initial jobless claims
3/12 10:00 ET JOLTS job openings
3/13 8:30 ET PPI
3/13 10:00 ET UMich sentiment

Key Economic Events Week of 3/1

3/1 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 1:00 ET Goon Brainard
3/3 9:45 ET Markit Service PMI
3/3 10:00 ET ISM Service PMI
3/3 12:00 ET Goon Bostic
3/3 2:00 ET Goon Evans
3/4 8:30 ET Unit Labor Costs
3/4 10:00 ET Factory Orders
3/4 12:00 ET Chief Goon Powell
3/5 8:30 ET BLSBS

Key Economic Events Week of 2/22

2/22 10:00 ET LEIII
2/23 9:00 ET Case-Shiller home prices
2/23 10:00 ET CGP at US Senate
2/24 10:00 ET CGP at US House
2/24 1:00 ET Goon Chlamydia speech
2/25 8:30 ET Jobless claims
2/25 8:30 ET Durable goods
2/25 10:30 ET Goon Bullard
2/26 8:30 ET Pers Inc and Spending
2/26 8:30 ET Core inflation
2/26 9:45 ET Chicago PMI
2/26 10:00 ET UMich sentiment

Key Economic Events Week of 2/15

2/17 8:30 ET Retail Sales
2/17 8:30 ET PPI
2/17 9:15 ET Cap Ute and Ind Prod
2/17 10:00 ET Business Inventories
2/17 2:00 ET January FOMC minutes
2/18 8:30 ET Initial jobless claims
2/18 8:30 ET Import price index
2/18 8:30 ET Philly Fed
2/19 9:45 ET Markit Feb flash PMIs

Recent Comments

by mistymorning, 1 min 29 sec ago
by Boruch, 2 min 27 sec ago
by kenmasters675, 5 min 50 sec ago
by Juniormint99, 9 min 20 sec ago
by BigSkyGuy, 10 min 33 sec ago