Category Archive: 6a.) Gold Standard

Main Author Keith Weiner
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.
My articlesMy offerMy siteAbout meMy books
Follow on:LinkedINTwitterSeeking AlphaFacebookAmazonGoogle +
Filter archive by: Show All Show only Articles Show only Videos

Fed Admits It CAN’T Tame Inflation, Promises More Economic Pain Anyway

2022-09-03

by

2022-09-03

Federal Reserve chairman Jerome Powell is talking tough and warning of more interest rate pain to come. At the same time, Fed officials are now admitting that their sized-up rate hikes won't even be sufficient to tame the price inflation they have helped create.

Read More »

Biden Crows About the Latest 8.5 percent Annual Inflation Rate

2022-08-16

by

2022-08-16

Precious metals markets continued rallying this week. Investors weighed new inflation data showing price pressures in the economy are finally slowing. Wednesday’s Consumer Price Index report came in slightly lower than expected for a change. The CPI rose 8.5% on an annualized basis in July. Normally such a reading would be nothing to cheer about. But the fact that the inflation rate finally came down a tad after months and months of relentless...

Read More »

The ‘Wishful Thinking’ Fed Is Anything But ‘Neutral’

2022-08-02

by

2022-08-02

With last week’s second 75 basis-point rate hike, the Federal Reserve now claims it has achieved a “neutral” monetary policy stance. That would mean, in theory, that interest rates are neither stimulating nor restraining the economy.

Read More »

Speaker Boehner Readies Final Sellout As Debt Ceiling Debacle Looms

2022-06-12

by

2022-06-12

It's campaign season, and that means non-stop media coverage of candidate polls, quips, gaffes, tweets, emails, controversies, lies, and scandals. It all makes for a good soap opera. Unfortunately, it's almost all irrelevant in the big picture. The media prefer to focus on the sideshow rather than the 800-pound gorilla in the room: the looming debt crisis.

Read More »

How the United States Conquered Inflation Following the Civil War

2022-05-25

by

2022-05-25

According to the most recent polling data, the American public’s approval of Congress stands at a dismal 21 percent. Almost four times as many people disapprove of the job it’s doing. That’s par for the course in recent decades. It’s the major reason the Washington sausage grinder earns so little praise. To be fair, though, let’s review an occasion when lawmakers got something right.

Read More »

The War on Gold Ensures the Dollar’s Downfall

2022-05-13

by

2022-05-13

Last month was the 89th anniversary of one of America’s biggest blunders on her descent from honest, sound money into weaponized political money: Executive Order 6102. Signed on April 5, 1933, U.S. President Franklin Delano Roosevelt required all persons holding more than five ounces of gold to deliver their “gold coin, gold bullion, and gold certificates, now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the...

Read More »

Is There a Case for the Pre-1914 Gold Standard? Yes, if You Believe Inflation is a Bad Thing

2022-04-18

by

2022-04-18

The Russian central bank recently announced that it will stop buying gold at a fixed rate and will instead buy them at the negotiated rate from banks. Following the numerous sanctions which were imposed on Russia. The Ruble had fallen tremendously against the US dollar, to get out of such a situation it had announced that it would buy gold at a fixed price of 5,000 rubles a gram until June 30.

Read More »

Alabama Passes Sound Money Law, Expands Sales Tax Exemption Involving Gold and Silver

2022-04-17

by

2022-04-17

With Governor Kay Ivey’s signature on sound money legislation today, Alabama has become the second state this year to expand its sales tax exemption involving gold and silver. Alabama Senate Bill 13, championed by Sen. Tim Melson and Rep. Jamie Kiel, passed with unanimous support out of the Alabama Senate and then passed unanimously through the Alabama House before making it to the Governor’s desk.

Read More »

Virginia Ends All Taxes on Purchases of Gold and Silver

2022-04-14

by

2022-04-14

(Richmond, Virginia - April 12, 2022) - By signing sound money legislation last night, Virginia Governor Glenn Youngkin has ended Virginia’s discriminatory practice of assessing sales taxes on smaller purchases of gold, silver, platinum, and palladium bullion and coins.

Read More »

Should Investors Fear Fed Rate Hikes?

2022-01-28

by

2022-01-28

The prospect of Federal Reserve rate hikes continues to rattle Wall Street and cloud the outlook for precious metals. On Wednesday, the central bank strongly signaled it will raise its benchmark Fed funds rate for the first time in three years – likely at its March policy meeting.

Read More »

Oklahoma to Consider Holding Gold and Silver, Removing Income Taxes

2022-01-23

by

2022-01-23

(Oklahoma City, Oklahoma -- January 20, 2022) - An Oklahoma state representative introduced legislation today that would enable the State Treasurer to protect Sooner State funds from inflation and financial risk by holding physical gold and silver.

Read More »

Pro-Sound Money Lawmaker Wants To End Income Taxes on Gold and Silver in Oklahoma

2022-01-22

by

2022-01-22

(Oklahoma City, Oklahoma, USA – January 20, 2022) - Oklahoma ended sales taxes on purchases of precious metals long ago, but now a representative from Broken Arrow wants to eliminate yet another tax on on gold and silver transactions. Introduced by Sen. Nathan Dahm, Senate Bill 1480 would end capital gain transactions on the exchange of gold and silver.

Read More »

Will 2022 Be “The Year of Sound Money” in the States?

2022-01-21

by

2022-01-21

Last year was a good year for state-level sound money legislation across the United States. 2022 could be even better. Building on the success enjoyed by sound money advocates in Arkansas and Ohio last year, more than a half dozen states are now considering legislation that rolls back discriminatory taxes and regulations on the sale, use, and purchase of gold and silver.

Read More »

Alabama to Consider Extending Sales Tax Exemption on Sound Money

2022-01-11

by

2022-01-11

(Birmingham, AL, USA – January 10, 2022) – Alabama currently exempts precious metals from state sales tax, however this exemption is set to expire in 2022. A senator in the Yellowhammer State hopes to extend this popular exemption.

Read More »

U.S. Treasury Refuses to Answer Questions about Disposition of Its Own Gold

2021-12-04

by

2021-12-04

Recent correspondence between U.S. Rep. Alex X. Mooney, R-West Virginia, and the U.S. Treasury Department suggests that the department has given the Federal Reserve and International Monetary Fund unfettered control of a portion of U.S. gold reserves.

Read More »

Fed’s Stunning Inflation Abdication; Gold Gearing Up

2021-11-06

by

2021-11-06

When will precious metals markets finally make their move? It’s a question that has frustrated many investors in 2021. Gold and silver prices have remained stubbornly rangebound for the past several months. There is no way to know exactly when this consolidation period will end. Long-term investors would be wise to hold their core positions regardless of market conditions (and grow them when feasible).

Read More »

The Inflation Tax Is Bearing Down on Investors Too

2021-10-06

by

2021-10-06

The post-COVID inflation surge that was supposed to be “transitory” is looking a lot more permanent.On Friday, the Bureau of Economic Analysis Friday released data on Personal Consumption Expenditures (PCE), the Federal Reserve’s preferred inflation gauge.

Read More »

The Fed’s ‘Dangerous’ Path Toward Debt Monetization

2021-10-01

by

2021-10-01

A prominent U.S. Senator just called the head of the nation’s central bank “dangerous.” Unfortunately, the true dangers of U.S. monetary and fiscal policy were lost on everyone involved. On Tuesday, Federal Reserve Chairman Jerome Powell testified before the Senate banking committee, where Senator Elizabeth Warren led the left wing of the Democratic Party’s attack.

Read More »

Moving from Gold-Redeemable to Irredeemable Currency

2021-08-04

by

2021-08-04

When we saw the following comment from a prominent otherwise-free-marketer, we knew it was time to write this article. “…the value of the Fed's "liabilities"(which are so in name only) [scare quotes and parenthetic comment in original] bears only a very loose connection to the value of its assets.”

Read More »

Biden’s Dangerous Inflation Denials

2021-07-25

by

2021-07-25

President Joe Biden is in denial about inflation. This week he superficially addressed the problem by admitting the obvious – that prices have been rising rapidly this year – while denying that the inflation surge represents anything out of the ordinary.

Read More »