Episode 124: A few hours ago Alasdair Macleod chatted with John Butler, author of The Golden Revolution (Wiley, 2012) and the Amphora Report investment newsletter.
John briefly details his motives for writing The Golden Revolution before the discussion moves onto the latest knockdown in gold against the current news stories regarding global demand.
From weak hands to strong, from West to East, from paper to physical, once a floor is found and the physical supply becomes tight, both Alasdair and John agree that the market will then start to clear at higher prices.
John then shares his view on the effects of quantitative easing in the US and questions how much of the stimulus is actually sustainable and advises one to look deeper into the economic indicators for the real picture.
Alasdair asks John whether he thinks bubbly asset prices are because of bank depositor fears.
It all makes one wonder what is real, what is perception management and are we already on the road to a Misesian crack up boom?
This podcast was recorded on the 16th of May 2013.