Diagnosing Monetary Disorder

Featuring Bill Fleckenstein & Jim Grant

Bill Fleckenstein, president of Fleckenstein Capital, joins legendary financial writer Jim Grant to discuss their perspectives on Fleckenstein’s career, the precious metals markets, and the last decade of central bank misbehavior. The esteemed pair break down some of the biggest challenges facing investors today. Filmed October 10, 2018 in New York.

Published on
29 October, 2018
Duration
62 minutes
Rating
56

Comments

  • TF

    Terry F.

    11 11 2018 10:45

    0       0

    Bill, great interview and and insight into the mining world of precious metals. You mentioned two names you follow: MARK_IKN and Luis Garcia. I didn't find Luis among the names you followed on Twitter. Are you talking about Luis Garcia who is a reporter at @WSJ Pro Private Equity and former oilfield services engineer? Thanks.

  • DH

    Daniel H.

    8 11 2018 06:51

    0       0

    Great interview.

  • JO

    JOHN O.

    6 11 2018 18:29

    0       0

    Very interesting discussion covering current topics and ancient history (I'm your age, so I mean it with kind intentions). Does anyone have any insights on the class actions involving PVG? Buying opportunity or run-as-fast-as-you-can?

  • AG

    Alexander G.

    5 11 2018 19:21

    0       0

    Great to listen to the Fleck. Just one minor detail: on the night of the 2016 election, S&P futures lost around 130 points as it became clearer Trump would win.

  • OC

    OTTO C.

    4 11 2018 23:08

    2       0

    Awesome transparent interview!!! Real Vision continues to bring great content.

  • WM

    Will M.

    4 11 2018 14:48

    2       0

    Very good interview and great to listen to someone who admits mistakes. Great interview by Jim, he really let Bill speak and avoided interruptions. Some great tips to consider as well for those who want to take a flutter on a few stocks. Especially interested in Pan American as one of the best silver plays out there.

    Wonderful work. My takeaway quote from Jim "The inevitable is certain, but not necessarily punctual".

  • my

    moy y.

    2 11 2018 10:44

    0       1

    https://www.businessinsider.com/fleckenstein-on-bitcoin-2013-12

  • SG

    Sherman G.

    1 11 2018 14:21

    1       0

    Loved this walk through history. Thank you RV for bring this to us.

  • VM

    Vinnie M.

    1 11 2018 11:09

    0       0

    The best !

  • NI

    Noah I.

    1 11 2018 01:37

    6       0

    Wonderful interview. Perfect balance between asking questions, listening, and discussing. Thank you.

  • yd

    yon d.

    1 11 2018 01:09

    5       0

    Yes! Home Run by RealVision. Great candour, honesty and realism.

    Thank you so much to all producers and creators of this interview.

  • AE

    Andy E.

    31 10 2018 21:19

    1       0

    Loved this interview- one of the best - well worth the $$$

  • AF

    Aidan F.

    30 10 2018 21:54

    0       0

    bottled water :) very good

  • NI

    Nate I.

    30 10 2018 19:07

    2       0

    Excellent interview.

  • MC

    Matthew C.

    30 10 2018 15:15

    4       0

    Total respect for Bill, he says it like he see's it, which you can do with 30+ years under your belt.

  • GG

    Glenn G.

    30 10 2018 03:47

    3       4

    Contrarian opinion......SPX 2,580 is the floor....BTFD..... FANG stocks setting up for a good rip here.

  • DR

    Debra R.

    30 10 2018 03:22

    2       0

    Great interview guys, thoroughly enjoyed your conversation

  • PB

    Pieter B.

    30 10 2018 03:12

    3       0

    This was fantastic! Thanks a lot Jim & Bill!

  • CL

    Chris L.

    30 10 2018 02:37

    17       3

    Respect to these two guys, but it is remarkable how little gold bulls understand what drives gold prices. Nominal yields don't mean anything. Neither does staring at M1 charts. It's real yields plain and simple.

    Real yields inflected from -162 bps in 2012 and moved up, gold collapsed. Currently, they are at post-crisis highs of 100 bps.

    In 2008, VIX gained a few hundred percent but gold collapsed 30% real yields went from under 100 bps to 400 bps.

    "But...but...But..." real rates, say in Turkey, collapsed to negative 600 bps and gold shot through the roof...priced in lira.

  • DC

    Dave C.

    30 10 2018 00:48

    0       0

    "got ME through"

  • SL

    Steve L.

    30 10 2018 00:46

    8       0

    "I'm so bearish, I'm a selling at zero".

  • DC

    Dave C.

    30 10 2018 00:42

    2       0

    My goodness, the first fellow Algol programmer I have ever encountered - Algol 60 or W?

    BTW I have subscribed to Mark @ IKN since issue 1 - spiky guy but honest, principled and he got be through 2013 - 2015 intact.

  • PC

    Peter C.

    30 10 2018 00:23

    9       0

    I enjoy all Grants interview but this one is truly exceptional. No interruption s.

  • RA

    Robert A.

    30 10 2018 00:23

    12       0

    Even though I have been a Fleckenstein subscriber for many years and read Bill’s posts and the “Ask Flecks” daily I learned a few things about Bill that I hadn’t known before. I knew about the Tennis and the Running, but the Math major and early Tech experience were new to me. What a delight it has been to have someone as talented and yet humble share his insights daily with me over the years. Great job on this Bill and another extraordinary effort by Jim Grant. Top notch stuff here Milton!

  • VS

    Victor S.

    29 10 2018 22:12

    1       1

    Why no inflation in doing QE -simple gents the “people” did not get the money ,the huge insiders/investors did. On a 10 rolling basis from 1961 the end of 2017 was the lowest rate. Ended in 2017...On a 5 year basis the lowest rolling period from 1962 ended in 2016. It only higher by 10 bps today . Good interview -always good when you have pro’s at the table.

  • GP

    Greg P.

    29 10 2018 21:55

    5       0

    " Inevitability is certain, but not necessarily punctual", Jim Grant. I am an aging baby boomer who knows how true that is. I am a subscriber to Bill Fleckenstein's Fleckenstein Capital: Daily Market Summary. A reader once asked Bill how long would he stay with his investments in precious metals and the miners, and his answer was, " as long as it takes". I concur. Patience doesn't mean you are an expert in hindsight. It means being patient. Period. And trying to stay healthy enough long enough to benefit from your patience. Nobody said this was going to be easy.

  • tw

    thomas w.

    29 10 2018 21:21

    3       1

    Dear Bill,
    Roosevelt baned ownership of gold.
    Are you worried that a regime like that could return?
    regards,
    Thomas

  • DD

    Daniel D.

    29 10 2018 18:54

    6       0

    Very enjoyable and quality interview. Thank you RV, Jim and Bill!

  • rr

    rlw r.

    29 10 2018 17:13

    12       0

    It is great to see Jim back interviewing on RV (please, keep em coming).
    Bill has excellent insights and the experience(s) to back em.
    Thanks muchly guys.

  • GG

    Guillermo G.

    29 10 2018 16:14

    14       0

    Another magnum opus from these guys. A great exposure into human fragility, finance and investments sprinkled with a bit of humility.

  • JS

    John S.

    29 10 2018 10:47

    2       0

    Another enjoyable interview. A Few Australian miners worth checking in addition.

  • RM

    Russell M.

    29 10 2018 10:32

    4       1

    Thoroughly enjoyable. Thanks for sharing the messy performance issues rather than a sanitized version. It helps us youngers to tarry on through.

  • DF

    David F.

    29 10 2018 09:36

    2       1

    No transcript?

  • DS

    Dragos S.

    29 10 2018 09:35

    28       0

    One after the other. This month keeps on giving big names.