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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 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.


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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

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Key Economic Events Week of 1/18

1/19 10:00 ET Mother for SecTreas hearing
1/20 12:00 ET POTUS Inauguration
1/21 ECB meeting and rate decision
1/21 8:30 ET Housing Starts
1/21 8:30 ET Philly Fed
1/22 9:45 ET Markit flash PMIs (Jan)

Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
1/13 8:30 ET CPI
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1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
1/15 8:30 ET Retail Sales
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1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
1/4 10:00 ET Construction Spending
1/5 Georgia U.S. Senate election
1/5 10:00 ET ISM manu PMI
1/6 US election certification
1/6 8:15 ET ADP Employment Report
1/6 9:45 ET Markit service PMI
1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
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Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
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12/23 8:30 ET Personal Inc and Spending
12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
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Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
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Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
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11/24 11:00 ET Goon Bullard
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11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
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Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
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11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
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