Butler on Business
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Good Morning Anna,
Your point about not sitting too long in front of the screen is well taken. Kathy and I were just discussing that very issue yesterday.
I will call Bob today. Yes, he is a valuable person.
Regarding Trader Rog, he is a good friend and I respect his opinions.
All the best,
Big Al
Hi Al,
Good morning. I don’t think the US government shares your non-apocalyptic views of the near future: http://youtu.be/jQLwGSq0FqQ
Seems to me that we are gearing up for something big. And they know it too.
Keep up the GOOD FIght!
AKA
AKA…..good post…..this is a change…I thought MSNBC, was for mr. o.(do not respect , therefore I will not call him pres.)…..just goes to show..mr.o..is just part of the big planners , the 1%, who intend on keeping the serfs in complete control….
Hi Jerry,
The serfs, as you call the majority, will never stay or be in complete control. In today’s world which is full of question marks, that is one thing that I am certain of.
Best,
Big Al
AL,,my comments are ,, that the the planners( or 1%ers) ,want to continue contolling the serfs,
….. that is evident of the elimination of freedom, from every angle…
think of this…. today they end the war in Iraq, where are these troops going, maybe,
back to run the “new internment camps ” that are located around the USA…
Timing is everything……….election……OWS…..Dollar collapse…..
…remember Argentina?
Morning Superdobbs,
I do, but you have to also remember the level of sophistication of the U.S. as compared to it.
Having said that, I understand your concern and I certainly share it.
Big Al
I would say that the sophistication in the U.S. lies with the power, not the people. In Argentina it is just the opposite. The gullibility of the American people is nearly unsurpassed in the world.
Matthew, your response is unfortunately correct in the sense that Americans are probably the most innocent people in the world. No foreign bomber has ever dropped a bomb on their country, and with the exception of the 1812 war, no foreign soldiers have ever captured Washington (but how many Americans actually know that?). Americans have never experienced a reign of terror, never had their country devastated by a war. I know the civil war was terrible, but that was an internal event and happened one and a half centuries ago.
This is why so many Americans still believe that things will be “worked out” somehow. The people will wake up and make things right – somehow. I hope deeply that this will happen.
The Internet is providing a window on the elites, on what they are doing, and shining an unwanted light of attention on them. Will it be enough?
I have no doubt that the days of the free internet are truly numbered. There is a constant stream of bills into congress on how to control internet content. As always, it is presented as a noble agenda that has things like “fairness” and whatnot in mind. Liebermann has openly stated and proposed that China is an example for the US to follow and that the US needs an internet kill switch. It WILL come.
On the other hand, I disagree that Americans are the most gullible people on earth!
It is in the US that we find the most “paranoid” (I use the word in a positive and complementing sense) who are rightly distrustful of governments. There is a sizable “lunatic fringe” which is perhaps not as lunatic as the MSM has always painted them. They maybe go off the deep end on certain details, but their suspicions are generally well founded – and becoming more so.
There is a comparatively large segment in the American society that instinctively sees government as the problem, whereas Europeans, even after everything that has happened, instinctively, intrinsically trust governments and don’t view it with a hermeneutic of suspicion. They will complain about their governments on the basis of current unpleasantness only.
America is a really interesting place. It is really too bad to see it declining, (being “declined”) so rapidly.
I think the problem is that there are no longer enough “good” Americans to turn things around. The problem is ultimately spiritual.
Peter, I generally agree with your assessment. Europe is why I said “nearly unsurpassed”.
But in many parts of the world, no one takes the government seriously when it comes to stated intentions or promises. The “paranoid” aside, a very large segment of U.S. society still believes that the government’s interests are aligned with their own. A comfortable, distracted, disinterested people are unlikely to do an accurate accounting of leaders they hardly know exist.
http://www.youtube.com/watch?v=hXHzvalzySo
When you brought up the shining of unwanted light on the elite, it reminded me of the intrinsic weakness of darkness, both physically and metaphorically. Darkness of spirit (evil) requires darkness of mind (ignorance) in order to thrive. One enlightened soul, like a single match in a dark room, has the potential to illuminate everyone in it. On the other hand, one ignorant being cannot reduce the knowledge of others in the same room. There is no single match equivalent with darkness/evil/ignorance. A little darkness cannot darken a room. This is why truth is a very serious enemy of darkness.
Morning AKA,
We will all keep up the good fight, I promise.
Whatever little we can do to voice other people’s opinions we will.
I cannot tell you how much I appreciate all of your input!
Best,
Big Al
AL…..WHERE IS THE ALAMO BOWL? WHERE IS THE ALAMO?
I am crushed……..
Neat City. San Antone
Morning Tex,
Every once in a while I have a “brain freeze” Guess what happened yesterday? Of course I know where the Alamo is!
Best,
Big and getting old Al
How, mechanically, can the US devalue overnight?
It has a floating currency
That a good question! I would like to know it too. Mr. Butler should develop his theory next week-end please (my imperative request).
Morning cfs and Anna,
I will do my best.
Big Al
The easiest way, and I am not saying it’s likely, would be for the Fed to announce that it will be buying gold for $10,000, $20,000 or whatever/oz.
A market driven collapse could also occur when a large enough number of the deepest pockets get sufficiently scared. There is enough dollars in few enough hands that it would not take the actions of many to start a self-feeding spiral. A more sinister scenario could entail the coordinated efforts of the big banks that are still sitting on huge bailout/stimulus/tarp funds. If the the FED suddenly makes it unprofitable and/or risky to continue the sequestration of these funds, look out!
I would think Butler probably meant VIRTUALLY overnight.
Hi Matthew and Peter,
First of all, I think your comments above are both interesting and insightful. The are true “food for thought”.
Comments like these and most of the others are what make our (and I mean all of our!) site valuable.
I will be interviewed Mr. Butler in about an hour for the weekend Show and I will pose many of your question to him.
Best,
Big Al
I see Matthew just responded to your good question…I was going to say the antithesis of that, such as an announcement for QE3 of $5 trillion…not likely, but who knows anymore.
All Futures and Stock traders must read this article from Jesse’s Cafe’ Ame’rican. Jesse explains GOFO (Gold Forward Offered Rates) as per LIBOR and where the Bullion banks can both manipulate the Paper Gold and obtain mining shares at artificially manipulated cheap prices.
http://jessescrossroadscafe.blogspot.com/2011/12/interest-rate-for-lending-gold-in.html
Al,
how do protect assets. Everything i see says buy gold silver energy, and land. To the contray everytime gold goes up the”au” & “ag” stocks move a little and when gold fails the stocks bomb. This is in spite of bette margins &r earnings and better assets in the ground.
I agree with your view, how ever Ican’t undersctand how there is no coverage of this hypothication situation. Where is cash safe? Where are our assets are safe? After 45 years in the business I feel I know less today that in when I entered the business in 1967.
Dear BI,
Yeah, there a lot of “informative” people that feel the same way…All I can say is IF you got it in your hands “they” cant take it away!!
Marc
Morning Butler Investor,
I am going to discuss this with Mr. Butler on the Weekend Show which will air tomorrow and Sunday and be posted on our site.
Best,
Big Al
Al: The sound in your voice is very depressed and I feel the same way. What is really disconcerting and sad is that all the really bad things seem to be coming out of Governments around the World. Who, what and why are these people doing the things they are? Do they actually believe they are doing the right things, or do that have no clue what they are doing? Al do you think there is a common denominator to the reasons behind this “Evil” and I can’t think of a more appropriate word to describe it? The things which built this nation have been completely destroyed by non other than our own government officials.
Congress just passed the National Defense Authorization Act which is an abomination to the US where anyone, US citizen or not, can be arrested and sent to any place in the world without any rights whatsoever.
My gut tells me that the recent shocking things like MF Global, no rule of law and this so called “Defense Act” are just the tip of something much worse and being planned against the United States and all other people of the World by non other than the Federal Government and its axis of evil. I say these words now, because in short time I am likely to be silenced or disappear altogether.
Morning Clay,
Look for a segment on your question on the upcoming Weekend Show.
Best,
Big Al
this is not good…..CLAY….I agree with you..
Hi Jerry,
No, it is getting pretty dicey!
Big Al
If anyone needs some good news I have some. Spreads between Paper gold and Physical have just now turned up above 0. What I am referring to and you can check it with the various gold stores, dealers and outlets of gold coins, is that many of these dealers are now buying Maples, Krugerrands and other bullion products at higher prices than spot. They would not do this unless they had demand which is not being kept up with supply.
Big Al,
Informative and fun interview. But, I disagree a little with you guys! Can you believe it – I disagree with you. I think, especially with Butler’s comment about devaluation of the dollar (like 90’s Russia)…I agree with that! That’s why a lot of people are going to get hurt and it will cause social unrest, panic and immense pain. Gold and silver will mitigate this upcoming tragedy. BUT, when most Americans don’t own the ONLY buffer for the upcoming currency debacle…most people, losing a lot of their saving overnight are going to go ape______. I think that alone is reason to be of great concern. I dont think it just a matter of a little “rough time”. No. It looks like a complete RE_EVALUATION of the US dollar!! And if all you have is dollars – you are in big trouble!
Marc
PS and BTW BIG Al,
Watch my Aztecs a little in the New Orleans Bowl – saturday night, We have a budding heisman superstar with our soph running back Ronnie Hillman…he is super fun to watch..HOPE he doesnt go to the NFL…
GO STATE! I know, I know the N.O. Bowl!? But, better than nothing!
HI Marc,
Being the football fan that I am, I completely understand your enthusiasm.
San Diego State is a great school. We have a number of friends who went there. Actually, our youngest daughter strongly considered it but ended up at Univ. of Montana. Let me tell you, I would much rather have visited her in San Diego.
I will definitely watch the game as I now have another friend who has a “vested” interest.
Best,
Big Al
And that, Marc, is exactly why all of my personal capital is not tied up in U.S. dollars. I like “THINGS”.
Big Al
HELLO. Any coin collectors out there. I bought some more scrap silver yesterday, among the items, was an 1881 U.S. trade dollar, C.C. mintmark, which i believe, is Carson city. Condition VF-XF . Does anybody know what the numismatic value of this coin is , as i don’t have a US catalogue, …Many thanks.
Hi irishtony, please have a look on this site:
http://wiki.answers.com/Q/What_is_the_value_of_an_1881_U.S._silver_dollar
In Aug 2009 the average $Silver price was 14.50.
I would add 100% to the price list for an approx. update. Difficult to estimate from Europe.
ANNA HELLO………..Thank you very much for that link….”GOSH”
hello Irish….a 1881 cc(carson city) MORGAN Silver dollar is not considered a” trade dollar.”…
there are no 1881 that would be marked” cc}., unless it is a “chopped mark”
there are silver dollars, that are called trade dollars….when the US was
trading with China….
But, if you have a coin marked on back” cc” and dated 1881 you have a MORGAN
SILVER DOLLAR……AND IF IS MARKED XF(EXTRA FINE) THE VALUE IN RED BOOK
IS $480….IF IT IS VF..(*VERY FINE) IS VALUED AT $450
THE TOTAL MINTAGED IS 296,000 ….THIS COIN IS DESIRED BY COLLECTORS
AND IS WHAT YOU CALL A KEEPER COIN,,,BECAUSE IT WILL ONLY GO UP IN
VALUE….WITH LIMITED AMOUNTS AVAILABLE,,LIKE SUPPLY AND DEMAND
HI JERRY. A friend of mine has just turned up with an old copy of the Standard catalog of world coins, by CHESTER L KRAUSE. 1988.it’s in there. Designer: William Barber, mintage-960, It has a seated liberty on it . It has a price of $850 in vf condition, could that possibly be right……….Thanks JERRY
Hey Irish Tony, it´s a detective work, very exciting!
HI ANNA. It is exciting, i expect JERRY will come back with more info. He is a clever bunny, he knows about these things. PS. I still have faith in the PM’s, they will bounce back, we must not panic. PATIENCE !!!.
HELLO IRISH…..IF YOUR COIN HAS A LADY SEATED, FACIING LEFT HOLDING SOME TWIGGS
AND YOU SAY THE DESIGNER IS WILLIAM BARBER, MINTAGE 960 , (WHICH I BELIEVE TO
MEAN A PROOF DOLLAR WHICH WERE MADE FOR LIMITED RELEASE FOR COLLECTOR
AT THE TIME) THEN YOU DO HAVE A “TRADE DOLLAR”….
THESE COINS WERE MINTED TO TRADE WITH CHINA….BECAUSE THEY WANTED THE SILVER
AND NOT THE PAPER(SOMETHING LIKE WE ARE GOING TO EXPERIENCE LATER WITHIN THE YEARS TO COME) ANYWAY , THE VALUE OF YOUR COIN WOULD BE APPROXIMATELY
$1500 ACCORDING TO THE 2012 united states coin RED BOOK 65TH ADDITION BY
R.S.YEOMAN…
WHAT IS CONFUSING , IS YOU SAID IT WAS MARKED “cc”…THERE WERE NO “cc” minted
in 1881..or marked as such…..but, that is not to say that your coin does not have a cc mark on the coin
If the cc is indented in the coin,,it most likely is what they called a “chop mark”,
which means,,,the chinese did this to prove that it was silver, and were not getting
ripped off by the americans trying to pass a coin the was not pure silver. Now , if
the cc is laying on top, and not indented you have a carson city….but, make sure
the date is 1881….
anyway…..just to get you excited…..Heritage Auction…sold a 1884 for $603,000 in
nov.o5…. and another 1885 for $1,006,250 in o4….and this is why we collect coins
and have since I was 10 years of age..I am 63 now..
Hope this helps….
Ho Jerry, I was waiting your enlightening history lesson.
Super!
You wrote: “…to prove […] not getting ripped off by the americans…”.
I´m getting a strange feeling of “déjà vu”!
😉
HI JERRY. THANKS for all the info, i think what i have is a fake. I just weighted it, 22 grams, in KRAUSE it gives the weight as 27.22 grams, So once again thanks to YOU & ANNA for your help
Anna….glad you enjoyed…coin collecting gives a good account of history and banking
and ties everything together…From the beginning , when the ROMANS were minting
and clipping coins (which means that they were shaving the coins, and deceiving the
people on honus money) all the way up to current times…
the chinese at this very moment are manufacturing fake gold dollar to look like
1860 thur 1933 gold double eagles…so, I guess what goes around, comes around.
Irish, before you get rid of the coin, take it to a dealer, and make sure
your coin might not be clipped..and you might have an” orginal fake,”
designed at the time 1880, and it would still have some value to a collect.
as a historical item…as I mentioned before , that is why you see a lot
of seated liberty trade dollars with chop marks, (I have some and they
are collectable) the chinese did this to protect
themselve in the trading….so, check it out and do not be discouraged.
you still may have something more than you paid….hopefully…best
OUT OF THE BOX…JERRY
ATHENS (REUTERS) –
Greece published guidelines on Tuesday to protect its austerity-hit citizens from being ripped off by pawn shops buying their family gold and silver.
The consumer protection agency issued the unusual notice as new pawn shops spring up across Athens to meet demand for instant cash in Greece’s contracting economy. But crisis-hit families may be getting a poor deal from unscrupulous traders.
“We urge consumers to weigh their objects at home,” a statement from the agency said. “Fliers and advertising material promising particularly high prices should be treated with caution.”
Fliers for pawn shops are stuck on car windscreens and in telephone booths across the capital. One poster at a bus stand reads: “In Gold We Trust”.
Greeks, particularly civil servants, have seen their incomes drop by as much as third as a result of EU/IMF-imposed austerity policies to save the debt-laden country from default.
Consumers should seek independent valuations of their family silver, check gold prices and compare pawn shop offers for jewelry before deciding to sell, the agency warned.
(Reporting by Harry Papachristou, editing by Rosalind Russell)
© Thomson Reuters 2011 All rights reserved
We had the same gangsters operating, here in the UK over the last couple of years, RIPPING PEOPLE OFF.
Thanks Mr. Irish,
Wow, what a terrible situation to be in.
Again, thanks for this comment.
Big Al
Dang, the lame stream media is dumping all over gold. This is GOOD news. Perhaps we are reaching a bottom here.
Check out this headling
Gold Sheds ‘Can’t Lose’ Status: Now, No One Wants It
In just three months, goldhas gone from the trade that works in every kind of market to the trade that doesn’t work in any market.
http://finance.yahoo.com/news/gold-sheds-cant-lose-status-165243054.html
HI KEN……….It’s only CNBC, doing what they have been told to do. BY THE PEOPLE WHO “CONTROL” them. Lets see what they have to say when, it SHOOTS BACK UP.
Irish,
Isn’t that the truth!
ANNA……….SEE………..I ALWAYS BRING OUT THE BEST IN JERRY haha
IRISH….SEE NOTE ABOVE…BEFORE YOU GIVE UP…..
HI JERRY………copy or fake, its still a beautiful coin, i shall add it to my collection, & yes i am sure it’s worth more than i paid for it
“Ripped off” but keeping countenance.
You are a real gentleman, dear Mr. Irish!
ANNA . Thank you for the kind words. Good health to you.
At least you did not get this currency…Alien fiat?
Ha ha! You made my day today. You are so good!
Have a good starting day, dear Ken!
Thank you, Anna.
I try to make everyone on this site laugh, expecially Big Al and Trader Rog.
Although, I think often people do not understand my attempts at humor.
Hi gals and guys,
Funny story.
I just had to re-organize my studio because I got a bit of new furniture and I went through a coin collection that my mother left me. I found ten gold U.S. coins, a number of Kennedy halves, a number of mercury dimes and assorted other foreign currencies.
You it was really interesting to look at all of these which I had completely forgotten about.
See Tex, forgetting the location of the Alamo Bowl really was a brain freeze!
Now, what was I talking about?
Big (I think) Al
A gold mining/refining buddy of mine said awhile back when Silver(Ag) was selling around $7.00 an oz., that Ag was moving better than other precious metals were even though its own price in static terms was very high in comparison. And some refinery`s were adding to silver commemoratives namely Ruthenium(Ru) one of the platinum group metals to silver, because it wasn`t moving very much at all at the time. Now I don`t know if that practice is still happening but to gold bars adding tellurium(Te) is happening. So buyer beware at least for gold bars and or dore bars.
You know Dennis,
I am strongly considering adding to our gold/or silver holdings on Monday.
Know what I have decided to do? I am going to use goldmoney.com
Best,
Big Al
I was wrong again in metal that was added to gold it was Tungsten(W), and the price of Ruthenium(Ru) was at that time was about $25.00 per oz..
Hi Big Al, checked out goldmoney.com…Good point to buy there. For me I mostly sell gold and pgm metals recovered by mining them then doing the primary and some 2rd-ary refining myself then send the precip. metals to David H Fell Inc., with a money order to cover charges for gold assay. Though the gold produced is of 18-22K gold, with Pd, some, Pt and Ag.
Good Morning Big Al.
Fine discussion in tandem with Mr. Butler!
As soon as Greece & Portugal (perhaps Ireland, sorry, I love my irish friends, great people over there) leave the Eurozone in spring, all the attention will be attract on the US dollar and, at this point, $Gold will start a breath-taking run to 2,300 (yes, at least, I´m not kidding) before the end of 2012 (mid to end Nov).
Al, I miss Mr. Moriarty´s voice on your week-end shows. He helped me to calm my enthousiasm for Silver in April, I followed his warning and I switched in ZSL. The rest of the story was for me like getting the entire Santa Claus´Bag in the first week of May. Everthanking for his advice.
I missed Trader Rog (my daily voice since years now) yesterday too!
Enjoy the fresh air, Big Al, don´t sit too long in front of the screen!