The Matterhorn Interview 28 Oct. 2013: John Butler Part 1?
On behalf of Matterhorn Asset Management Zurich, London-based investment manager John Butler met with German financial journalist Lars Schall in Düsseldorf to discuss some of the major aspects of international affairs as they relate to the sphere of finance. In Part 1 (18 minutes) of this tremendous and informative video interview they focus in particular on the U.S. dollar and the challenges that may arise if China would back the yuan with gold. Butler: if gold would be remonetized in a historical proper fashion, its price would be a lot higher.
Egon von Greyerz
In Part Two (20 minutes), which we publish On October 29, John Butler will touch upon the collapse of the paper gold market, the prospect of trading nations refusing paper money in exchange for their exports and why the euro was perhaps in principal a fine idea, but wont survive in its current form.
Part 1: The Dollar Reserve Equilibrium Is Breaking Down