Gold – Kathryn A. Derbes

Featuring Kathryn A. Derbes

Kathryn Derbes, CEO of KDPM LLG., walks us through the recent movements in the precious metals markets and explains how an apparent transition in the way many people think about gold is affecting both the price movement and the degree of leverage in the paper gold market.

Published on
7 June, 2016
Gold, Monetary policy, History
29 minutes
Asset class


  • MD

    M D.

    29 6 2017 14:35

    0       0

    What needs to happen to make gold more acceptable to the masses as subsitute to holding cash?

  • MS

    Matt S.

    3 11 2016 18:23

    1       0

    Daniel V - presumably shares are sensitive to market sentiment, sector sentiment etc... physical is physical. It's actually real and in your hands. Shares are paper. It's a claim but it's not the actual thing. Many people had "claims" on AIG during last financial crisis and then AIG had to go begging on bended knee to the people for a bail-out.

    Claims are worthless when TSHTF.

  • DV

    Daniel V.

    1 8 2016 16:18

    0       0

    If you like gold, what is the argument for owning gold vs. buying Franco-Nevada shares?

  • js

    jacob s.

    21 7 2016 06:00

    0       1

    I'm 23. I study computer science but love the macro view of things. The people who truly become educated 1.) get a job and 2.) understand the current monetary system is so screwed. Every young person I talk to either owns gold/silver/bitcoin. I own all three. The smartest people I know don't invest in stocks, yet. There will be a time to invest but not anytime soon in my opinion.

  • RM

    Robert M.

    25 6 2016 19:19

    0       0

    Cyavash: good point. But in some countries like Germany in 1923 or Zimbabwe recently, or the 54* 20th century incidences of hyperinflation, debt holders were vaporised and gold was a very good investment for those citizens.

  • TM

    Tariq M.

    11 6 2016 13:44

    1       0

    Excellent interview and resource for investor new to physical gold.

  • DL

    Derek L.

    10 6 2016 22:00

    2       0

    I have purchased gold from Kathy and find her to be very knowledgeable, personable and ethical.

  • TH

    Timo H.

    10 6 2016 16:41

    1       0

    My interpretation from this excellent interview: Gold is money also when nothing else is. Make sure that you always have money.

  • dw

    darcy w.

    9 6 2016 16:00

    40       0

    I happened upon Kathy Derbes' website while reading an FAQ on where to buy Gold on Bill Fleckensitein's website. I decided to just call. Kathy herself answered and spoke to me for 30 minutes answering every newbie question I had. I don't know if it's southern hospitality or her genuine desire to help the customer, but I was blown away by her generosity. And, as I was not in the US at the time, she even recommended a local Gold distributor to me. Amazing lady and very knowledgeable about her domain, glad to see her on here. Her patience and advice is responsible for my foray into the metal market.

  • ca

    cyavash a.

    9 6 2016 14:58

    5       12

    For those who don't know their economic history, gold has not been "money" for the last 5,000 years. A fantastic book on this topic is "Debt, the first 5000 years" by David Graeber. He posits "[M]oney has no essence. It's not "really" anything; therefore, its nature has always been and presumably always will be a matter of political contention." Historically when there is a shortage of cash, people tend to revert to credit arrangements, e.g. keeping tabs at a local grocery store.

  • DS

    David S.

    9 6 2016 07:49

    1       9

    Nothing is safe. Physical gold trumps paper gold. Gold safely stored in your own hand trumps off-sight storage of gold. Gold in your own hands can be stolen and no one will know it was ever yours. If Bitcoin can be completely transparent and maintain ethical standards, it may be better than gold. Check back in a 110 years.

  • dn

    david n.

    9 6 2016 02:55

    2       0

    Excellent interview...Bill Fleckenstein has always
    spoken highly of Kathy Derbes-I now understand
    why. Will definitely keep her in mind the next
    time I purchase gold.

  • CK

    Colin K.

    9 6 2016 01:41

    0       2

    Technical issue. I paused this for 20 minutes. When I came back to it, I got audio at the right place, but no video

  • EM

    Elvijs M.

    9 6 2016 01:24

    2       0

    This was gold.

  • mj

    maria j.

    8 6 2016 22:41

    0       0


  • EK

    Emil K.

    8 6 2016 21:52

    5       0

    Loved the philosophical aspect of this interview. The difference between money and currency; the money of the rulers and of the people. Great!

  • WH

    Wayne H.

    8 6 2016 21:46

    3       0

    I'd have liked to know more about her processes for acquiring and storage. I'd also have liked to know what other things she does with clients assets.

  • CL

    Charles L.

    8 6 2016 21:16

    9       0

    OK, paper is not physical. There is a process to acquiring gold. Let's assume we understand this/went already through it.

    Here is the next issue: once you have luckily lived through a turbulent period - whatever it may be. How do you get your physical assets liquid, again? What are the probable scenarios?

    Who can answer this question?

  • M

    Mark .

    8 6 2016 21:14

    11       0

    "Fiat is the money of the rulers.” Boy, isn’t that the brutal, awful truth. Now they want it to be all digital.

    I just heard that 100 bills are increasing in use because more and more are on welfare and simultaneously being paid off the books for illegal work. Another problem for the Ruling Class.

  • jd

    john d.

    8 6 2016 20:20

    14       0

    Great interview. Knowledgeable person. One point of difference - of course you have to be concerned about Govt. confiscation at the point-in-time that you need your gold. Something really bad will have happened at that time and it is reasonable to assume a really bad policy response. Of course this is a risk that must be managed. For example, as a non-US person there is no way I purchase U.S. minted coins and there is no way I would store it in the U.S.; based on which Govt. has a history of confiscation and which Govt. is likely to undertake a really bad policy response to a really bad event. Previous interviews have stated where it is safest to store gold (Singapore and Hong Kong).

  • SS

    Sam S.

    8 6 2016 19:16

    2       0

    I would still like to hear from her on the trusted places individuals can purchase gold coins and/or bars knowing an honest transaction has place. This works both ways when one wants to sell the gold. Maybe 2-3 suggestions she might have. Thx!

  • EL

    Elizabeth L.

    8 6 2016 18:31

    1       0

    Kathy's experience/insight quite valuable. Shanghai market update great. Thanks.

  • RA

    Ricardo A.

    8 6 2016 16:31

    11       12

    Nice lady, but not much new info