Category Archive: 6a.) Monetary Metals

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What the Heck Just Happened to the Price of Gold and Silver?!

2021-06-22

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2021-06-22

Gold Basis and Co-basis and the Dollar Price
The price of gold (and silver) was on a tear in April and May. Then some sideways action. And then this week, thud. On Twitter, a popular meme is that the banks smashed the price by selling futures contracts, though there was no selling of gold bars. Let’s just say that if the price of an August contract fell by $120, while the price of a gold bar held steady, there would be a backwardation of around 40%!

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Resetting the Federal Debt

2021-06-08

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2021-06-08

Federal Debt: Total Public Debt, 1970 - 2020
According to the US Treasury, the federal government owes $28.2 trillion. It crossed the “28” threshold on the last day of March. The debt was just under $25 trillion at the end of April a year ago. There’s no question it’s growing at a faster and faster pace, and now there’s the excuse of Covid to spend more.

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A Deeper Dive Into Silver

2021-06-03

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2021-06-03

Silver Basis and Co-basis and the Dollar Price
The prices of the metals hit their lows by the end of April. Gold traded for around $1,685, and is now over $1,900. Silver was around $24, and is now over $28. These are big moves (though of course nothing like bitcoin).

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The Truth about the Silver Squeeze

2021-04-27

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2021-04-27

Silver Basis and Co-basis and the Dollar Price
Some recent videos about the silver market are generating more buzz than we have seen in a while. They make several points, but the main one is that there is a global shortage of silver. This assertion stands in contradiction to the fact that the silver price has dropped. As of the date of the first of these videos, it had dropped around 10% from its level just a month earlier.

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Episode 19 – Bonus Episode! Theory of Interest and Prices Mises Conference 2021

2021-04-17

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2021-04-17

Keith presented his Theory of Interest and Prices at the Mises’ Austrian Economics Research Conference earlier this year. Described as one of the most interesting talks of the entire event, this episode includes his fifteen-minute presentation as well as some follow-up thoughts by Keith himself at the end.

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Monetary Metals Issues Gold Token

2021-04-01

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2021-04-01

Scottsdale, Ariz, April 1, 2021— Monetary Metals® announces that it has issued a gold token. Unlike the company’s other products, this one is not designed to pay a yield. In a sign of the times, the company intends this product to generate big speculative gains. It is designed to GO UP!

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Episode 17: Why Fedcoin?

2021-03-30

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2021-03-30

Our recent article on Fedcoin – a digital currency being considered by the Federal Reserve – revealed the sinister and pernicious reasons behind such a move. This week’s episode of The Gold Exchange Podcast explores the topic further. In it, John Flaherty and CEO Keith Weiner discuss: Addl description of episode

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The Fedcoin is Coming, 8 March

2021-03-09

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2021-03-09

Before we talk about Fedcoins, let’s look at the old school non-digital, non-blockchain, coin. Gold. And silver. Since January 4, the price has dropped about $244. And the price of silver has fallen about $4. Are these buying opportunities? Or the end of the brief gold bull market of 2020 (i.e. Covid)?

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Episode 14: Unexpected Insights On Fractional Reserve Banking

2021-03-05

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2021-03-05

Our previous episode on “money printing” veered into fractional reserve banking at a few points, so this week John Flaherty and Monetary Metals CEO Keith Weiner dive into that topic.

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Episode 13: The Pressing Problem With “Money Printing”

2021-02-26

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2021-02-26

The phrase “money printing” conjures images of a giant printing press spitting out sheets of hundred dollar bills somewhere in the basement of the Fed. But is that what’s actually happening lately? Absolutely not. Join John Flaherty and Monetary Metals CEO Keith Weiner for a conversation that will likely make you say “WOW!” or “Whaaat?” or maybe even “Oh, NOW I get it…”

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Episode 12: The Yield Purchasing Power Paradigm

2021-02-20

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2021-02-20

Most people think in terms of purchasing power: how much can one’s cash buy? In this week’s episode, CEO Keith Weiner & John Flaherty discuss an alternate perspective. Instead of spending your capital, what if you invested it to earn a return? What can that return buy?

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Episode 11: The Common Ground Between Bitcoin & Gold

2021-02-07

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2021-02-07

Is there common ground the among proponents of gold and bitcoin? John Flaherty and CEO Keith Weiner take on that question in this episode.

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Monetary Metals Renews Financing to Investopedia’s Best Online Gold Dealer

2021-02-06

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2021-02-06

Scottsdale, Ariz, February 5, 2021—Monetary Metals® announces the renewal and expansion of its gold, silver & platinum leases to Money Metals Exchange, to finance the Idaho-based business’ bullion inventory.

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Reddit Residue on Silver, 3 February

2021-02-04

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2021-02-04

Silver Spot vs Mar Basis, February 03
The price of silver is going up and down like a yo-yo. On Sunday and into the first part of Monday, the price skyrocketed on news that Reddit was touting the metal. But as the data clearly showed, the price was not driven up by retail buying of physical metal.

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Ruh Roh Silver

2021-02-03

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2021-02-03

Silver spot vs Mar Basis, February 2
Sometimes you can count on the manipulation conspiracy theorists to get it exactly wrong. Not just a little bit wrong, nor halfway wrong. Not even mostly wrong. Totally wrong, backwards.

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Monetary Metals Issues World’s First Gold Bond Since 1933

2021-01-07

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2021-01-07

Monetary Metals® is pleased to announce the issuance of a bond paying principal and interest in gold. The term is one year, and the interest rate on invested gold is 13%.  According to company CEO Keith Weiner, Ph.D., it is the first proper gold bond in 87 years.

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Reflections Over 2020

2021-01-05

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2021-01-05

Wow, it has been a heckuva year! One thought leads to another on this sunny-but-cool January 1. Having watched a few seasons of Forged in Fire, I’ve gained an appreciation of how difficult it is to pound and grind a lump of steel into a blade, even with power tools. There are many ways for it to go wrong.

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That Precious Metals Rumor Mill, 30 November

2020-12-01

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2020-12-01

Gold Basis and Co-basis and the Dollar Price
We are hearing rumors this week of a shortage of the big silver bars, the thousand-ouncers. No, we don’t refer to bullion banks saying this. Nor big dealers, who are happy to sell us as many of these as we can buy. Nor our peeps in high places (we don’t claim to have any such peeps).

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The Great Reset, 23 November

2020-11-24

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2020-11-24

Gold Basis and Co-basis and the Dollar Price
There are now two entirely different notions of a coming “reset”. One has been popular among those who speculate on the gold price. They expect a revaluation of the dollar.

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Yes, Virginia, There Is An Alternative, 11 November

2020-11-12

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2020-11-12

Gold Basis and the Dollar Price
On Monday the dollar had a ferocious rally, moving up from 15.87mg gold to 16.77mg and from 1.21g silver to 1.32g. In mainstream terms, the price of gold dropped about a hundred bucks, and the price of silver crashed $2.20.

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