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.
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The Fed’s Quest for Higher Inflation: What Could Go Wrong?

2020-10-11

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2020-10-11

The Federal Reserve is warning investors in no uncertain terms that higher rates of inflation are coming. Yet markets, for the most part, have disregarded that warning. Bond yields, for example, remain well below 2% across the entire duration range.

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WARNING: The U.S. Banking System ISN’T as Strong as Advertised

2020-06-22

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2020-06-22

Despite a year of tumult on Wall Street and Main Street, the banking system seems to be holding up remarkably well… for now. Whereas previous financial crises were marked by a surge in bank failures, hardly any have gone under so far in 2020. The Federal Deposit Insurance Corporation (FDIC) reports that only 1% of FDIC-insured banks are on the “problem list” for financial weakness.

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Fed Chairman: “We’re Not Even Thinking About Thinking About Raising Rates”

2020-06-16

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2020-06-16

Market volatility has suddenly spiked in recent days came after the Federal Reserve vowed last Wednesday to keep its benchmark rate near zero through 2022. That’s an unusually long period for the Fed to be projecting rate policy. It reflects the fact that it will take many months and perhaps years for the tens of millions of jobs that were recently lost to return.

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What’s Next, Trillion-Dollar Coins?

2020-05-01

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2020-05-01

The massive set of stimulus measures rolled out last month by the Treasury Department and Federal Reserve has left many Americans wanting more… and politicians scheming for new ways to dole out additional trillions in cash. Most taxpayers have already received their $1,200 “stimulus” payments. However, that one-time payment will do little to repair the long-term financial health of the 26 million (and rising) who are newly unemployed.

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All of the Economic Recovery Models Will Be Wrong Too

2020-04-14

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2020-04-14

“All of the projection models were wrong. All of them,” admitted New York Governor Andrew Cuomo in an interview last week with MSNBC. Governor Cuomo had been issuing frantic demands for tens of thousands of ventilators... that turned out not to be needed as the rate of new hospitalizations for COVID-19 infections in New York plunged with surprising speed.

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Jp Cortez joins Phillip Kennedy on Kennedy Financial

2020-04-11

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2020-04-11

Sound Money Defense League Policy Director Jp Cortez joins Phil Kennedy of Kennedy Financial to discuss sound money on the state and federal level, and the harms of inflation.

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Alabama House Considers Eliminating Income Taxes on Gold and Silver

2020-02-08

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2020-02-08

Representative Sorrell has introduced House Bill 122, a tax-neutral measure to exclude from gross income any net capital gain and any net capital loss derived from the exchange of precious metals bullion. Policies that penalize savers in precious metals reduce the likelihood that Alabama citizens will take prudent steps to insulate themselves from the inflation and financial turmoil caused by the Federal Reserve.

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Hawaii Representatives Consider Ending Taxation on Sound Money

2020-02-01

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2020-02-01

Introduced by Representative Okimoto (R-36), House Bill 1830 removes sales and use tax against gold and silver bullion and currency in Hawaii. Under current law, Hawaii citizens are discouraged from insuring their savings against the devaluation of the dollar because they are penalized with taxation for doing so. Passage of this measure would remove disincentives to holding gold and silver for this purpose.

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Freedom and Prosperity: The Importance of Sound Money

2020-01-31

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2020-01-31

Money and Gold
Sound money is a key to a free and prosperous society. That principle was clearly reflected in the monetary system that the Constitution established when it called the federal government into existence. Our ancestors didn’t trust government officials with power. They believed that the greatest threat to their own freedom and well-being lay not with some foreign regime but rather with their own government.

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Congressman Prods Attorney General on Gold, Silver Trading Questions Ignored by CFTC

2019-11-15

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2019-11-15

A U.S. representative who has been pressing the Treasury Department, Federal Reserve, and Commodity Futures Trading Commission (CFTC) with questions about the gold and silver markets has asked Attorney General William P. Barr to try intervene and get answers from the commission. In a letter dated November 1 and made public today, the U.S. representative, Alex W. Mooney, Republican of West Virginia, commends Barr for the Justice Department's recent...

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Sound Money Scholarship Winners Announced – 7 Outstanding Thinkers Earn Nearly $10,000 in Tuition Assistance

2019-11-07

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2019-11-07

Eagle, ID (November 6, 2019) – Seven outstanding students beat out over 100 of their high-school and college peers in making the best case for sound money through an international, gold-backed scholarship competition......and the winners walked away with almost $10,000 in scholarship awards for their exceptional, thought-provoking essays.

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Why Nobody Chants “End the Fed” Anymore

2019-10-30

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2019-10-30

Americans hated it when the Federal Reserve handed trillions of dollars to crooked Wall Street banks following the 2008 Financial Crisis. Politicians were confronted about the merits of central banking and bailouts. For the first time in history, college students were chanting “End the Fed” at campaign rallies as Ron Paul took the central bank to task during his presidential campaigns.

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Yes, Gold “Just Sits There” and That’s Quite a Feat

2019-10-23

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2019-10-23

The Wall Street Journal’s Jason Zweig famously referred to gold as a “Pet Rock” in 2015. He was blasted by people who understand that gold is no passing fad, and it serves some very important roles in an investment portfolio. The valuable roles played by gold have been well covered here. It’s a hedge against both inflation and deflation, it represents true diversification for portfolios stuffed with conventional securities, and it is a way of...

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The Sound Money Showdown in U.S. States

2019-08-07

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2019-08-07

Policies relating to sound money have been the subject of substantial debate at the state level this year, with bills, hearings, and/or votes taking place in nearly a dozen legislatures. As most state legislatures have now wrapped up their work for the year, let’s review the victories (both offensive and defensive)—and lone defeat—for sound money during the 2019 session.

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After Fed Disappoints, Will Trump Initiate Currency Intervention?

2019-08-03

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2019-08-03

Following months of cajoling by the White House, the Federal Reserve finally cut its benchmark interest rate. However, the reaction in equity and currency markets was not the one President Donald Trump wanted – or many traders anticipated. The Trump administration wants the Fed to help drive the fiat U.S. dollar lower versus foreign currencies, especially those of major exporting countries.

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Financial Media Elite Defensively Bash “Useless” Gold

2019-07-25

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2019-07-25

At least the Financial Times now has come clean about its hostility to gold – as well as to free markets and elementary journalism. Gold Anti-Trust Action Committee (GATA) friend Chris Kniel of Orinda, California, sent to the newspaper's chief economic columnist, Martin Wolf, the excellent summary of gold and silver market manipulation just written by gold researcher Ronan Manly.

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Monetary Metals Don’t Need a “Gold Standard” Proxy System

2019-07-20

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2019-07-20

President Trump moved recently to nominate an avowed sound money advocate, Judy Shelton, to the Federal Reserve Board. That triggered a flurry of superficial and derisive references in the controlled media to Shelton’s past support of a gold standard.

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Big Tech, Big Banks Push for “Cashless Society”

2019-06-28

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2019-06-28

The War on Cash isn’t a conspiracy theory. It’s an open agenda. It’s being driven by an alignment of interests among bankers, central bankers, politicians, and Silicon Valley moguls who stand to benefit from an all-digital economy. Last week, Facebook – in partnership with major banks, payment processors, and e-commerce companies – launched a digital currency called Libra.

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New Federal Legislation Requires Full Audit of America’s Gold Reserves

2019-05-09

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2019-05-09

Washington, DC (May 8, 2019) – U.S. Representative Alex Mooney (R-WV) introduced legislation this week to provide for the first audit of United States gold reserves since the Eisenhower Administration. The Gold Reserve Transparency Act (H.R. 2559) – backed by the Sound Money Defense League and government accountability advocates – directs the Comptroller of the United States to conduct a “full assay, inventory, and audit of all gold reserves,...

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Washington State Politicians Drop Cynical Attempt to Impose Taxes on Gold & Silver

2019-04-22

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2019-04-22

Money and Gold
Well, here’s some encouraging news… Efforts in Washington State to impose sales taxes on gold and silver were SHUT DOWN today thanks to intense efforts by the Sound Money Defense League, a group of in-state coin dealers led by Dan Duncan, the Association of Washington Businesses, and a large number of vocal grassroots supporters.

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