Paul Buitink speaks with John Butler: gold will become the money of the multipolar world

Paul Buitink spoke with John Butler on the English-language channel Reinvent Money about gold, central banks and the future of the monetary system. Butler, a former investment banker and author of The Golden Revolution Revisited, sees gold not merely as an investment, but as natural money that could once again play a larger role in a world where power is becoming more widely distributed.

According to Butler, gold is particularly well suited to a multipolar world. In a world without one dominant superpower, there is a need for neutral money that cannot be issued, controlled or devalued by a single country. Gold cannot be printed, manipulated at will or turned into the liability of another party. That is precisely why Butler believes gold can once again develop into a monetary anchor.

The gold price has been volatile in recent months. While gold often rises during periods of geopolitical tension, the price fell after the conflict in the Middle East appeared to cool down. Butler does not see this as a sign that the gold market has fundamentally weakened. In his view, the recent correction should mainly be seen as profit-taking after a strong rally. The gold market attracted many short-term investors and trend followers in recent years. When the news cycle turns, this can quickly lead to a classic reaction of profit-taking: buy the rumour, sell the fact.

In the full conversation, Butler explains why central banks continue to buy gold, how a new gold standard could emerge even without a formal agreement, and why he does not rule out gold prices of 40,000 to 50,000 dollars per troy ounce in the long run. Paul and Butler also discuss the role of silver, bitcoin, safe jurisdictions for gold storage and whether today’s AI hype resembles previous market bubbles. Watch the full episode on Reinvent Money to follow the entire conversation.