Category Archive: 6a.) Monetary Metals

Is the Gold Standard the Economists’ Punching Bag?

The following article was written by Keith Weiner, CEO of Monetary Metals, as a counterpoint to this article, POINT: Should the US Return to the Gold Standard? No It was originally published at InsideSources, here: COUNTERPOINT: Is the Gold Standard the Economists’ Punching Bag?

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Gold Price Smashdown vs Gold on Fire

No sooner did we write Silver Rorschach Test, than the price of gold flash-crashed, or was smashed down. On Sunday afternoon in Arizona—i.e. Monday morning in Australia and Asia—the gold price dropped sharply. Gold bug sources claim that the drop was $100, but as we can see from the price graph included in this report, the actual crash itself was about $70.

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Motivated Reasoning About Silver

We’re seeing the argument, again, that silver stocks are being consumed in solar panels, medical applications, and of course, electronics. This argument has a certain temptation. After all, the standard assumption is that value is inversely proportional to quantity. Purchasing power is widely believed to be 1 / N (N is number of units of currency issued).

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Celebrating Five Years of Interest on Gold

This month marks the five-year anniversary of Monetary Metals paying interest on gold. It was July 2016 when we offered our first Gold Fixed Income True Gold Lease. The gold lease was to Valaurum for manufacturing their flagship product, the Aurum®. It paid 3.0% interest on gold to investors (you can read the original press release here).

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Episode 22: Reimagining Physical Gold with Adam Trexler of Valaurum

Can there be innovation in physical gold? Absolutely! In our increasingly digital reality, innovation in the material world may seem a bit passé, but not to Dr. Adam Trexler, founder and President of Valaurum. Valaurum produces the Aurum® – the smallest verifiable unit of gold for investment available on the market today. Adam joined Keith and John for an invigorating discussion on what the future of gold is going to look like.

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Basel III’s Effect on Gold and Silver

There is sometimes a tendency to confuse ends and means. For example, in traveling through an airport there is extensive inspection of passengers. Before you are allowed to board an airplane, you must go through a process that is intrusive and increasingly invasive.

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Inflation or Lockdown Whiplash?

Mainstream analysis sees rising consumer prices, and looks for a monetary cause. Also, when it sees an increase in the quantity of dollars, it looks for rising consumer prices. It is a fact that the quantity of what the mainstream calls money (i.e. the dollar) has risen at an extraordinary rate.

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

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

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

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

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

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

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?

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

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

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”

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

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

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

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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