Category Archive: Gold Standard

Main Author Keith Weiner
Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals. He created DiamondWare, a technology company that he sold to Nortel Networks in 2008. He has his PhD from the New Austrian School of Economics. He lives with his wife near Phoenix, Arizona. In March 2015 he moved his Gold Standard column from Forbes to SNBCHF.com.

Pension Funds Need Gold before It’s Too Late

Tens of millions of Americans and their employers pour money into pension plans each month, counting on those funds to grow and to be there when needed at retirement. But a time bomb awaits. The bulk of U.S. pension funds are dangerously underfunded,...

How Trump Can Bring Outside-the-Box Thinking to Bear on the Fed

President-elect Donald Trump will soon have the opportunity to put his stamp on the Federal Reserve. And that is making the elite body of central bankers nervous. On the campaign trail, Trump harangued Fed chair Janet Yellen for pumping up financial...

We Should Take Our Cues From Markets – Not Politicians

I grew up a block away from the 7-train, where I’d take a short ride from the 90th Street station to the Willets Point–Shea Stadium station to watch my favorite team, the New York Mets. Sitting in the stands as a young child, I learned quickly that...

Introducing Yield Purchasing Power, the Video

I gave a 45-minute presentation on Yield Purchasing Power at American Institute for Economic Research in Great Barrington, MA on October 14, 2016. I am grateful to the Institute for recording video of my presentation plus extended Q&A.

End of Bretton Woods: A Date Which Will Live in Infamy

Franklin Delano Roosevelt called the Japanese “surprise” attack on the U.S. occupied territory of Hawaii and its naval base Pearl Harbor, “A Date Which Will Live in Infamy.” Similar words should be used for President Nixon’s draconian decision 45...

Don’t Expect a Return to a Gold Standard Any Time Soon

Despite trillions of paper currency units poured into the world economies since the start of the financial crisis, there has been no recovery, in fact, all legitimate indicators have shown worsening conditions except, of course, for the pocketbooks of...

Arizona Considers Issuing a Gold Bond

The Arizona House of Representatives has convened an Ad Hoc Committee on Gold Bonds. The purpose is to explore if and how the state could sell a gold bond. This is an exciting development, as the issuance of a gold bond would be a major step towards a...

Another Serious Real Interest Rate Fallacy

Modern monetary economics is a siren song, especially alluring in a world of falling, zero, and negative interest rates. I urge you not to dash your wealth against the rocks.

Real vs. Nominal Interest Rates

What is the real interest rate? It is the nominal rate minus the inflation rate. This is a problematic idea. Let’s drill deeper into what they mean by inflation. You can’t add apples and oranges, or so the old expression claims. However, economists...

Why a “Dollar” Should Only Be a Name for a Unit of Gold

Once Upon a Time… Prior to 1933, the name “dollar” was used to refer to a unit of gold that had a weight of 23.22 grains. Since there are 480 grains in one ounce, this means that the name dollar also stood for 0.048 ounce of gold. This in turn, means...

Alan “Bubbles” Greenspan Returns to Gold

Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. […] The abandonment of the gold standard made it...

The Gold Standard: Friend of the Middle Class

A Morally and Economically Superior Monetary System. It has been theoretically demonstrated and seen in general practice that a monetary system of 100% metallic money devoid of central banking checks monetary inflation, prevents a general rise in the...

Money Supply Arguments Are Flawed

It goes without question, among economists of the central planning mindset, that if a central bank can just set the right quantity of dollars, then the price level, GDP, unemployment, and everything else will be right at the Goldilocks Optimum. One...

What Can Gold Do for Our Money?

One of the chief virtues of a gold standard is that it serves as a restraint on the growth of money and credit. It makes runaway government deficit spending and major monetary catastrophes such as hyperinflation practically impossible.

Arizona Governor Ducey Vetoes Gold

Unpersuaded by either the plight of the pensioners or the prospect of business growth in Arizona, Ducey vetoed gold. This is his second time to shoot down gold.

Keith Weiner: Gold Standard etc.

The Gold Standard Institute starts posting on snbchf.com. It is based in Phoenix AZ, is a 501(c)3 tax-exempt educational organization dedicated to spreading awareness and knowledge of gold, and to promoting the use of gold as money.

Should the Gold Price Keep Up with Inflation?

The popular belief is that gold is a good hedge against inflation. Owning gold will protect you from rising prices. Is that true?

How Unsound Money Fuels Unsound Government Spending

Stefan Gleason shows the major slides that may predict a collapse of the dollar. The Trade Deficit after the abandonment of gold, the explosion of entitlements like social security, Medicare, Obamacare, subsidies and the explosion of the federal...

Who Lends to the Fed?

This leads to our present question. To speak of borrowing and a ready market in which the Fed can borrow, means there is a lender. Who is the lender to the Fed?

Yes, the Dollar Should Be Backed by Gold…

  A Return to Gold BUENOS AIRES, Argentina ­– “What if you were appointed to head the Fed? In your first week on the job, what would you do?” The question was not exactly serious. Neither was the answer. “We’d call in sick.”   Sorry boys and girls,...
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