Category Archive: 6a.) Monetary Metals

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The Zombie Ship of Theseus

2022-01-04

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2022-01-04

The Ship of Theseus is an old philosophical thought experiment. It asks a question about identity. Suppose you replace all of the boards of a ship with new ones—is it still the same ship? We are not going to try to resolve this millennia-old paradox. Instead, we are going to add one more element, and then tie it to the monetary system.

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Inflation and Gold: What Gives?

2021-12-21

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2021-12-21

Listen to the audio version of this article here! In the last Supply and Demand update, we discussed some different theories which attempt to explain what causes the gold and silver prices to move. We mentioned the: “…attempt to hold up a famous buyer of metal, while ignoring the thousands of not-famous sellers who sold the metal to said famous buyer.”

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Episode 25: The Origins and Machinations of the Federal Reserve

2021-12-10

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2021-12-10

This week’s episode of the Gold Exchange Podcast explores the topic of Central Banks, most notably the US Federal Reserve. Monetary Metals’ CEO Keith Weiner explores why the Fed was created and what deleterious effects it has on our economy including inflation, boom bust cycles and monetary debasement in this recorded talk given to investment bankers. In this talk Keith discusses: Additional Resources Episode Transcript John Flaherty:Hello,...

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Mickey Fulp Interview: Investing in Interest-Bearing Gold Bonds

2021-12-03

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2021-12-03

Mickey Fulp, aka the Mercenary Geologist, interviewed Monetary Metals’ CEO Keith Weiner to discuss the maturity of Monetary Metals’ recent gold bond. Gold bonds are denominated in gold, with principal and interest payable in gold. Mickey and Keith have a wide ranging discussion which covers the history of gold as money in the United States, including the history of gold bonds, which were commonplace until 1933.

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What’s In Your Loan?

2021-11-23

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2021-11-23

“Real estate is the future of the monetary system,” declares a real estate bug. Does this make any sense? We would ask him this. “OK how will houses be borrowed and lent?” “Look at this housing bond,” he says, pointing to a bond denominated in dollars, with principal and interest paid in dollars.

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Monetary Metals Proves Marketplace for Gold Yield with Valaurum Gold Lease

2021-11-17

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2021-11-17

Scottsdale, Ariz – November 16, 2021 – Monetary Metals is pleased to announce a new gold lease to Valaurum to expand production of the Aurum®, their physical gold currency product. The lease size has grown by 800%.

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Perversity Thy Name is Dollar

2021-11-16

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2021-11-16

Breaking Down the Dollar Monetary System If you ask most people, “what is money?” they will answer that money is the generally accepted medium of exchange. If you ask Google Images, it will show you many pictures of green pieces of paper. Virtually everyone agrees that money means the dollar.

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Rising Fundamentals of Gold and Silver

2021-11-10

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2021-11-10

 Prices move up and down, in the restless churn of our irredeemable monetary system. There are several schools of thought whose theories attempt to describe, if not predict, the next price move.

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Why a Yield on Gold Matters

2021-11-03

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2021-11-03

Picture, if you can, a world in which gold circulates as the medium of exchange. People pay for everything, from groceries to rent, in gold. Employers pay wages in gold. Productive enterprises borrow gold to finance everything from food production to constructing apartment buildings. In other words, picture a world where there’s abundant opportunities to earn a yield on gold and finance productive businesses in gold.

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Why Isn’t Gold Going Up with Inflation?

2021-10-26

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2021-10-26

Many voices in the gold community are making a simple point. Look at the prices of oil, copper, and other commodities. They are skyrocketing. The mainstream explanation—shared by Keynesians, Monetarists, and many Austrians—is that the cause of this skyrocketing is the increase in the quantity of what is called “money”. 

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Can Interest on Gold Outpace Inflation?

2021-10-22

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2021-10-22

Yield. It’s on the tip of every investor’s tongue, but it’s much harder to find than it used to be. A long time ago, in a galaxy far, far away (like the early 1980’s) one could simply open a savings account, purchase a CD or US 10-year notes, and earn between 7% to 14%.

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How to Invest in Gold Better than Ray Dalio

2021-10-21

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2021-10-21

Ray Dalio made waves earlier this year when he acknowledged that Bridgewater bought an undisclosed amount of bitcoin. In a recent interview, however, Dalio made it clear that his love for gold is still greater.

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Episode 24: Destructive Profit vs Productive Profit

2021-10-15

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2021-10-15

This week’s episode of the Gold Exchange Podcast explores the idea of profits, and why it matters how you get them. Much of the financial world has confused the idea of profit with price appreciation. Or as we like to say, they confuse investment with speculation. Investment is deploying capital productively in a business for a yield. Speculation is betting one’s capital on an asset price rising.

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Palisades Gold Radio Interview

2021-10-13

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2021-10-13

Monetary Metals CEO Keith Weiner was back on the Palisades Gold Radio podcast being interviewed by Tom Bodrovics. Keith revealed one key feature that gold has, which bitcoin does not.

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Transitory Inflation and Useless Ingredients

2021-10-05

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2021-10-05

Can you remember back to when you were two or three years old? Toddlers often think that there are little people inside the TV (or maybe this was only true when the TV was about as deep as it was wide—and maybe kids today don’t think this when looking at a 60-inch flatscreen…)

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Silver Crash Makes Silver Trash?

2021-10-01

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2021-10-01

The price of silver dropped a dollar, or over 4% on Wednesday. Some voices in the precious metals press want you to think that there is only one conceivable cause. We should coin a term for this form of logical fallacy: argumentum ad ignorantia. This is an argument of the form: “the cause must be XYZ, as I cannot conceive of anything else.”

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Gold and Silver Price Fundamentals Update

2021-09-15

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2021-09-15

Gold-silver ratio
This time, we start with the gold-silver ratio. Let’s revisit something we said on 23 August: “…the supply and demand fundamentals of silver are stronger here than they have been since the Covid crisis

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How Do They Get Away With It?

2021-09-14

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2021-09-14

Picture, if you will, a government that deliberately inflicts bad policy on the people. I know this sounds crazy, and could never happen, but please bear with me. Suppose the government criminalizes hiring someone who produces less than an arbitrary threshold. Or it forces the closure of all businesses deemed to be non “essential”.

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Where do gold and silver prices go from here?

2021-08-24

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2021-08-24

One way to look at the price of gold, is that it dropped from its high around $1,900 in early June. Another way is to zoom out, and look at the big picture. Here is a 10-year chart of gold and silver prices. For over four years, after the peak around $1,900 ten years ago (early September 2011), the price of gold moved down. By December 2015, it was just over $1,000. Then it was a sideways market until three years ago (August 2018), when the price...

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What Trick did Tricky Dicky Pull 50 Years Ago Today?

2021-08-16

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2021-08-16

Sometimes, bad luck can strike. But other times, a catastrophe comes from a series of bad decisions, each the reaction to the consequences of the previous one. On August 15, 1971, President Nixon decreed that the US dollar would no longer be redeemable for the gold owed, even to foreign governments.

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