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Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing to qualified companies in the precious metals industry. Unlike traditional gold companies that buy or sell gold for dollar gains, Monetary Metals unlocks the productivity of gold by matching investors who hold precious metals with qualified businesses—including mints, refiners, jewelry manufacturers, and miners—that use gold productively. Through Gold Leases and Gold Bonds, investors earn interest paid in physical ounces rather than fiat currency, allowing their gold holdings to compound over time with no storage fees.
| Name | Role / Title | Description |
|---|---|---|
| Keith Weiner | PhD, CEO & Founder, Chairman of the Board | Keith Weiner is an economist who is a leading authority in the areas of gold, money, and credit and has made important contributions to monetary theory. He is also an entrepreneur who specializes in businesses that solve hard problems. Before Monetary Metals, he founded DiamondWare, a software company that developed 3D voice technology, sold to Nortel in 2008. He is the President of the Gold Standard Institute USA. He earned his PhD from the New Austrian School of Economics. |
| Name | Role / Title | Department | Description |
|---|---|---|---|
| Keith Weiner | PhD, CEO & Founder, Chairman of the Board | Leadership Team | Keith Weiner is an economist who is a leading authority in the areas of gold, money, and credit and has made important contributions to monetary theory. He is also an entrepreneur who specializes in businesses that solve hard problems. Before Monetary Metals, he founded DiamondWare, a software company that developed 3D voice technology, sold to Nortel in 2008. He is the President of the Gold Standard Institute USA. He earned his PhD from the New Austrian School of Economics. |
| Jeff Deist | Chief Risk Officer | Leadership Team | Jeff spent ten years as president of the Mises Institute, where he wrote hundreds of articles and delivered countless speeches on topics of monetary policy, gold, and central banking. Prior to that he worked on Capitol Hill as Chief of Staff for Congressman Ron Paul. He previously worked as an attorney in law firms and public accounting firms specializing in private equity, mergers & acquisitions, and tax. Jeff holds degrees in law and taxation. |
| John Flaherty | Chief Operating Officer | Leadership Team | Throughout his career, John has excelled in operational leadership roles in the fields of commercial construction management, real estate development and education. In his recent role as Director of Real Estate Development for BASIS Independent Schools, John was responsible for developing a national portfolio of elite private schools. He has a bachelor’s degree in civil engineering from Arizona State University and pursued graduate studies in economics at the University of Arizona. |
| Nathan Lucas | Chief Financial Officer | Leadership Team | Nathan Lucas has over 25 years as an accounting professional. After graduating with a Bachelor of Commerce (Major Accounting & Economics) from Monash University, he was admitted to the Institute of Chartered Accountant in Australia whilst working in the audit division of Ernst & Young. Nathan has worked in a variety of senior finance roles including guiding a start-up to IPO, extensive experience in ERP system implementation as well as being CEO and founder of an Accounting Software business. |
| Miranda Werstiuk | Chief Revenue Officer | Leadership Team | Miranda has over 30 years’ experience in finance for the resources sector. She has worked across the spectrum of transaction mechanisms (equity, debt, and alternative financing), with a focus on complex structuring for creative and mutually beneficial solutions. She has relationships with private and public corporate issuers, as well as high net worth individual and institutional investors. Miranda regularly contributes to conferences including PDAC, 121 Mining, Mining Indaba, Mines & Money London, IMARC, and CIM. She is Chair of the Program Advisory Group for planetGOLD, which seeks to eliminate mercury used by artisanal and small gold miners, as well as being a long-standing participant and committee member of WIM Toronto. |
| Dickson Buchanan, Jr | Chief Commercial Officer | Leadership Team | Prior to joining Monetary Metals, Dickson served as Senior Broker and Director of International Development at SchiffGold, where he helped a wide range of investors to obtain a strategic allocation into gold and silver both domestically and abroad. He received a Master‘s in Economics from King Juan Carlos University in Madrid, Spain where he studied under renowned Spanish economists Jesús Huerta de Soto and Juan Ramón Rallo. |
| KC Sparks | Chief Technology Officer | Leadership Team | A graduate of The Ira A. Fulton Schools of Engineering at ASU, KC is a value-driven technology expert with a proven record for developing and implementing robust software solutions that enhance profitability, efficiency, and redundancy. He has led initiatives resulting in SOC 2 compliance, optimized infrastructure and deployment workflows, and ensured optimal prioritization and execution of software strategies aligned with the intricate demands of the financial sector—all while fostering a culture of ownership, empowerment, and collaboration among his growing team. His evolution from Lead Software Engineer to Chief Technology Office reflects his commitment to excellence and deep understanding of software development. |
| Addison Quale | Vice President Relationship Management | Leadership Team | Addison concentrated in economics at Harvard University and came to embrace libertarian thought while studying for a Master of Divinity at Gordon-Conwell Theological Seminary. Addison worked as a precious metals specialist at SchiffGold, with additional work experience at Cambridge Associates, a Boston based investment consulting firm. |
| Mark Pey | Director of Strategic Relationships | Dubai office | Leadership Team | Mark brings significant experience across financial services, technology, and digital physical gold management to Monetary Metals. His career background includes roles as Financial Services Industry Manager, Microsoft Corporation, where he ran Microsoft's financial services practice across Australia, New Zealand, and 'English speaking Asia' (Singapore and Hong Kong). He was also Vice President, J.P. Morgan American Century, where he ran institutional investment sales for some of their largest clients including Intel Corporation. Lockheed-Martin, and Bechtel Corporation. |
| Jeffrey Rhodes | Managing Director Business Development, Middle East and Asia | Leadership Team | A leading expert in the international precious metals market, Jeffrey is widely recognized as 'The Godfather of Gold Leasing.' For over 45 years, he served major financial institutions, including Credit Suisse, HSBC, Standard Bank, and StoneX. He founded Rhodes Precious Metals Consultancy DMCC in 2013, was appointed as Principal Consultant to Goldstrom Pte in 2022, and in 2025, he was named the CEO of Goldstrom Advisory DMCC. He's played a prominent role in the development of the Dubai Multi Commodity Centre, and he's been a member of Dubai’s Gold Advisory Group since its inception in 2003. He was a Chairman of the Public Affairs Committee of the LBMA, during which time he founded its popular trade magazine, The Alchemist. |
| Andrew Senior | Vice President Strategic Relationships | Leadership Team | Andrew is a creative entrepreneur with experience in investor engagement, commercial partnerships, and scalable growth strategies. With a career spanning decades and continents, he has founded and scaled several successful ventures, including Skuuudle, IT247.com, and Marsland Holdings—and raised over £65 million in capital across various funding rounds. He has led international expansion efforts across the US, China, and Russia, has advised C-level teams on fintech, pricing automation, & emerging tech, and drove strategic partnerships and investment initiatives at Glint Pay. |
| Hiren Chandaria | Managing Director, Middle East and Asia Operations | Leadership Team | Hiren Chandaria is a seasoned precious metals executive with over two decades of experience in gold investment, structured finance, and market development. He helped structure India’s first and largest gold savings fund, which won CNBC’s “Most Innovative Fund” award, while another fund he managed was ranked Bloomberg’s best-performing gold fund globally. A CFA Charterholder and Sloan Fellow of London Business School, Hiren leads Monetary Metals’ expansion across the Middle East and Asia. |
| Jim Brown | Director | Board of Directors | Jim lives in Jackson Hole and manages the Justice Brown Family Office. His finance career includes ten years as a stockbroker and 20 years as partner and portfolio manager at Brandes Investment Partners of San Diego. Prior to his finance career, he was an Air Force instructor pilot and an airline pilot. Jim is a Chartered Financial Analyst, holds an MBA from Harvard Business School and a BS in political science from the United States Air Force Academy. |
| Simon Guenzl | Director | Board of Directors | Simon Guenzl has over 30 years of experience in finance, including over 20 years in private-markets investing. His experience includes advising on mergers & acquisitions at several leading Wall Street investment banks, making venture-capital investments in start-ups, and investing in private-equity and venture-capital funds on both a primary and secondary basis. He holds a law degree from the University of Western Australia and an MBA from the Wharton School of Business. |
| Ronald P. Stöferle | Advisor | Board of Advisors | Ronnie is managing partner of Incrementum AG and responsible for Research and Portfolio Management. Upon graduation, he joined the Research department of Erste Group, where he published his first “In Gold We Trust” report in 2007. The report has become one of the benchmark publications on gold, money, and inflation. Since 2013, he has held the position as reader at scholarium in Vienna, and he also speaks at Wiener Börse Akademie. In 2014, he co-authored the book “Austrian School for Investors” and in 2019 “Die Nullzinsfalle” (The Zero Interest Rate Trap). He is a member of the board of Tudor Gold, a Canadian exploration company, and an advisor to Matterhorn Asset Management, a global leader in asset preservation in the form of physical gold stored outside the banking system. |
| Mark Valek | Advisor | Board of Advisors | Mark is fund manager and partner of Incrementum AG. His passion is to apply interdisciplinary thinking to investment. He is particularly fascinated with the Austrian School of Economics, monetary history, and the foreseeable paradigm shift in the monetary system. Prior to the establishment of Incrementum AG, he was with Raiffeisen Capital Management for ten years, most recently as fund manager in the area of inflation protection and alternative investments. He gained entrepreneurial experience as co-founder of Philoro Edelmetalle GmbH. Since 2013, he has held the position as reader at scholarium in Vienna, and he also speaks at Wiener Börse Akademie. In 2014, he co-authored the book “Austrian School for Investors”. |
| Brent Johnson | Advisor | Board of Advisors | A globally recognized macroeconomic professional with over 25 years of financial markets experience, Brent is the CEO of Santiago Capital. Previously he served as Managing Director at BakerAvenue, a $2.5 billion wealth management practice where he advised several of the firm’s largest clients. Prior to that, he worked almost a decade in the private client group at Credit Suisse. Brent is widely known for his “Dollar Milkshake Theory” and speaks frequently on macroeconomics, currencies, and precious metals. |
| Product/Service | Category | Description | Link |
|---|---|---|---|
| Gold Financing | — | Monetary Metals’ gold financing offering is aimed at precious metals businesses seeking roughly $5–50 million of capital and provides two main solutions: off‑balance‑sheet precious metals leases to finance inventory and work‑in‑progress, and gold or silver‑denominated loans to fund production or business growth. By denominating both leases and loans in ounces of metal, these facilities remove the need for complex hedging, provide non‑dilutive capital, and are designed to be scalable and flexible for mining and non‑mining companies that earn in gold or silver. | https://www.monetary-metals.com/gold-financing |
| Gold Leases | Gold Yield | Monetary Metals’ gold lease program lets investors lend their physical gold or silver to qualified companies that use the metal in inventory or production, earning historically 2–5% per year, paid monthly in additional metal. Investors retain title to their metal, can opt out of individual lease opportunities after reviewing detailed terms and risk disclosures, and often benefit from leases that roll annually, allowing compound growth in total ounces without storage or insurance fees. | https://www.monetary-metals.com/gold-leases/ |
| Gold Bonds | Gold Yield | Monetary Metals’ gold bonds are fixed-income securities where the face value, interest, and principal are denominated and paid in ounces of gold, giving investors a way to stay long gold while earning yields typically ranging from about 6% up to 19% per year. These bonds are issued by gold-related businesses such as miners, refiners, and depositories that have gold assets and income, using the borrowed metal to finance production or expansion, with Monetary Metals handling origination, due diligence, and structuring so investors get gold-backed, non-storage-fee income products with longer maturities and lower reinvestment risk. | https://www.monetary-metals.com/gold-bonds/ |
| Industry | Description |
|---|---|
| Bullion Investment | For the bullion investment community, Monetary Metals offers a way to turn vaulted gold and silver from a cost center into a yielding asset by eliminating storage fees and providing opportunities to earn interest in metal through leases and bonds. This lets bullion holders grow their total ounces over time while maintaining physical ownership and direct control over which deals they join |
| Asset Management | Asset managers can use Monetary Metals to add a yield-bearing precious metals sleeve to client portfolios, combining long exposure to gold and silver with ongoing income in kind. With vetted leases and bonds across multiple counterparties and geographies, the platform helps managers diversify client fixed income and real asset allocations with gold- and silver-denominated returns. |
| Finance | For corporate finance teams and treasurers at precious metals-related businesses, Monetary Metals provides scalable gold and silver financing solutions, including off‑balance‑sheet leases for inventory and work‑in‑progress and non‑dilutive term loans denominated in ounces. These structures remove the need for complex hedging, improve working capital and financial ratios, and create a stable, non‑bank funding source aligned with a company’s gold or silver revenues. |
| Economics | Economists and monetary thinkers interested in sound money can view Monetary Metals as a practical implementation of financing and saving directly in gold and silver rather than in fiat currency. By enabling saving, investing, and productive financing in metal units, the platform demonstrates how gold can function as a yielding monetary asset and supports research into interest rates and capital formation in a gold-based framework. |
| Jewlers | Jewelers can lease gold or silver from Monetary Metals instead of buying it outright, gaining the inventory they need at a simple annual rate without taking on metal price risk. This helps them stabilize margins, avoid tying up large amounts of working capital in bullion, and align financing costs with actual production and sales cycles. |
| Refiners | Precious metals refiners can use Monetary Metals leases to secure the gold and silver needed for processing and throughput while reducing exposure to price volatility. Financing metal as a lease rather than holding it on balance sheet can improve liquidity and capital efficiency, supporting higher volumes and more flexible operations. |
| Miners | Mining companies in or near production can access gold‑ or silver‑denominated loans and, in some cases, leases to fund development, ramp‑up, or expansion, matching their financing to the metal they produce. These non‑dilutive, metal‑based facilities can reduce reliance on equity raises, avoid hedging complexity, and better align capital costs with mine cash flows. |
| High-Net Worth Individuals | High‑net‑worth individuals who already own significant bullion can use Monetary Metals to earn a conservative yield in gold or silver instead of paying storage fees, while keeping title and physical form. They can selectively participate in leases and bonds that match their risk tolerance, potentially enhancing long‑term wealth measured in ounces and diversifying beyond traditional income assets. |
| Family Offices | Family offices can integrate Monetary Metals as a specialized real‑asset and income strategy, placing strategic gold holdings into vetted leases and bonds to generate ongoing metal‑denominated cash flow. The platform’s track record of dozens of funded opportunities across miners, jewelers, manufacturers, and other counterparties allows family offices to build diversified, mission‑aligned gold and silver allocations. |
| Precious Metals Dealers | Precious metals dealers can finance part of their trading and retail inventory through Monetary Metals leases, obtaining metal at a known annual rate instead of tying up capital or managing large hedging programs. This approach supports better inventory turnover, reduces balance sheet risk, and can make their overall business model more resilient to spot price swings. |
| Retail Investors | Retail investors can use Monetary Metals to turn small or medium-sized gold and silver holdings into productive assets by earning ongoing yield in metal instead of paying storage fees. This lets individual savers keep direct ownership of their bullion, choose which leases or bonds to join according to their risk tolerance, and steadily grow their total ounces over time as an alternative or complement to traditional income investments. |
| Institutional Investors | Institutional investors can deploy large capital allocations into Monetary Metals' vetted gold and silver lease and bond opportunities, earning yields in metal while diversifying their fixed income portfolios beyond traditional dollar-denominated assets. The platform's SOC 2 certification, zero-default track record across 75+ transactions, and access to geographically diverse counterparties provides institutions with a scalable, professionally managed real asset income strategy. |
| Banks | Banks can utilize Monetary Metals to offer their clients gold-yield products as an alternative fixed income solution, or deploy their own balance sheet capital into metal-denominated returns that hedge against currency debasement. The platform's compliance infrastructure and vetted deal flow allows banks to enter the precious metals lending market without building in-house expertise or storage operations. |
| Real World Asset Tokenized Companies | Real world asset tokenized companies can leverage Monetary Metals' platform to put their tokenized gold holdings to work earning yield rather than sitting idle in vaults, creating additional value for token holders. By integrating Monetary Metals' marketplace, RWA platforms can offer their users income-generating precious metals exposure while maintaining the transparency and liquidity benefits of tokenization. |
| ETFs | Gold and silver ETFs can partner with Monetary Metals to transform their physically-backed holdings into yield-generating assets, eliminating storage costs and providing ongoing income to shareholders in the form of additional metal. This approach allows ETFs to offer superior returns compared to passive bullion holdings while maintaining the same physical backing and liquidity characteristics. |
| Recyclers | Precious metals recyclers can finance their working capital needs through Monetary Metals leases, obtaining the gold and silver required for processing and refining operations at a predictable annual rate without price risk exposure. This lease-based approach improves cash flow management, reduces the need to tie up capital in physical inventory, and allows recyclers to scale operations more efficiently. |
| Accredited Investors | Accredited investors gain access to Monetary Metals' curated gold and silver investment opportunities, earning yields of 2-19% annually paid in physical metal. Unlike traditional precious metals holdings that incur storage fees, accredited investors can grow their ounce holdings over time while maintaining direct ownership and control over which specific deals they participate in. |
| Manufacturers | Manufacturers who use gold or silver in production—such as electronics, medical device, or industrial component makers—can lease metal through Monetary Metals to finance their precious metals inventory at known rates without hedging complexity. This approach stabilizes production costs, improves working capital ratios, and aligns financing expenses with manufacturing cycles and revenue recognition. |
| Title | Publisher | Date | Abstract |
|---|---|---|---|
| Gold Outlook Report 2026 | Monetary Metals | Unlocking the productivity of gold | 2026-04-29 | 2025 showed us that currencies come and go but money remains. Gold surged over 65% and silver more than doubled. What lies ahead in 2026? |
| How Not to Think About Gold | Monetary Metals | Unlocking the productivity of gold | 2026-04-29 | Over a decade spent debunking false theories on gold has armed us with a sizable arsenal of misconceptions on how to think, value, understand and invest in gold and silver. From interest rate changes to the collapse of the US dollar, this guide refutes the most pervasive and distorted misinformation out there. We've carefully compiled and condensed this knowledge into a helpful hit list for you to read. |
| The Case for Gold Yield in Investment Portfolios | Monetary Metals | Unlocking the productivity of gold | 2026-04-29 | In this white paper, we reproduce the research showing the benefits of adding gold to a diversified portfolio. We enhance that research by accounting for the real-world costs of owning gold. Finally, we explore how A Yield on Gold, Paid in Gold® amplifies the benefit of gold in a portfolio while removing the storage and management costs of conventional gold investments. |
| Earn Passive Income in Gold | Monetary Metals | Unlocking the productivity of gold | 2026-04-29 | Owning assets that generate passive income is one strategy for building wealth. Real estate has been the primary vehicle for most people choosing this strategy. Real estate offers price appreciation, and the opportunity for passive income through rental properties. Sound familiar? If you like price appreciation and income, then we think you're going to love what Monetary Metals has to offer. |
| The New Way to Hold Gold | Monetary Metals | Unlocking the productivity of gold | 2026-04-29 | In this white paper you'll discover: Which methods of holding silver & gold are right for you; The trade-offs in keeping your silver & gold at home; A way to store your metals - securely - with ZERO storage fees; How to navigate an ETF prospectus so you can limit counterparty risk; Which method offers the LEAST liquidity - and which delivers the MOST |
| Gold Outlook Report 2026 Brief | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2026-02-03 | The Monetary Metals 2026 Gold Outlook Report is here. We share our predictions on the gold and silver markets for the coming year and how to prepare. |
| Gold at all-time highs: should I buy? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2026-01-28 | Sell gold and lock in your gains or to buy more? Here's where we see gold prices going in 2026 and why our outlook has predicted gold’s major rally so far. |
| CME’s margin shift is pushing the gold market toward leasing | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2026-01-20 | CME’s shift to percentage-based margins means hedging gold and silver now requires more capital as prices rise, pushing metal businesses toward metal leasing. |
| Gold leasing is coming to Türkiye | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2026-01-09 | Monetary Metals’ recently announced joint venture with Aga One is the first step in mobilizing the estimated 5,000 tons of gold held by Turkish households |
| The rise and fall of sovereign gold bonds | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-12-11 | Both governments and private firms issue gold bonds. Learn why public gold bonds struggle while private gold bonds are on the rise. |
| Monetary Metals featured in CNBC on the rise of gold leasing | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-11-24 | Gold owners are increasingly turning to leasing out their idle gold for income that's paid in gold, as gold prices remain at historic highs |
| Against Bitcoin financialization | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-11-24 | This article was written in August 2025 and originally appeared in the print edition of Bitcoin Magazine. Bitcoin maxi and MicroStrategy founder Michael Saylor is the poster child for a burgeoning new segment of bitcoin treasury companies. The tech giant (now rebranded simply as “Strategy”) has been at the vanguard of this movement, acquiring bitcoin |
| Why sell the gold you bought to escape the dollar? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-10-14 | Many buy gold to escape the falling dollar, only to sell that gold when the price rises, effectively going back into dollars they initially sought to avoid. |
| What is allocated gold pool? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-10-07 | Gold and silver allocated “pool” are physical precious metals in a liquid or readily marketable form of a known weight and purity held at a Depository. |
| Distribution strategy unlocks growth | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-09-26 | Our Gold Yield Marketplace® is growing fast, driven in part by our new distribution partners like a OGold in concert with botim and Nasdaq-listed Streamex. |
| Taxing gold and silver yield | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-08-29 | Discover how gold and silver yield is taxed in the U.S. and abroad, including reporting rules, cost basis, and key documents for accurate filing. |
| Tariff threat makes gold market go haywire | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-08-11 | A surprise 39% tariff threat on Swiss gold imports sent shockwaves through the gold market. Gold prices remained relatively stable, but spreads exploded. |
| Gold doesn’t need a black swan to work | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-07-31 | Gold doesn’t need a black swan to deliver. Explore how investors can use gold for portfolio balance, income generation, and long-term stability. |
| Bonds vs Gold: What does the data say? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-07-25 | Gold alone can replace bonds in terms of diversification and long-term capital preservation. But gold with yield? That’s a different paradigm altogether. |
| The different storage options for gold | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-07-17 | It's important for investors to know what type of gold they own and how they own it. Different forms of gold storage come with different risks and costs. |
| 3 analogies to help explain gold leasing | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-07-03 | How does a gold lease work? Three real-world analogies help explain how you can unlock your gold’s potential to earn income the same way other asset owners do. |
| The hidden cost of a rising gold price | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-06-27 | Many gold owners don't realize that they are paying a hidden cost when the gold price rises. Thankfully there's a way to eliminate this cost entirely. |
| Brent Johnson: Why I joined Monetary Metals’ Advisory Board | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-06-17 | Monetary Metals has both a grounded vision and a viable, executable plan to actually shift the global financial conversation meaningfully in gold’s direction. |
| Gold gains in Gallup’s latest poll | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-05-16 | Every April Gallup surveys Americans to find out what they believe is the best long-term investment and this year gold overtook stocks in popularity. |
| Do indicators point to market declines? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-04-14 | As equity markets face sharp falls, many investors wonder if this correction is temporary or just the beginning of a serious reversal for stocks |
| The impact of tariffs on gold and silver | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-04-03 | If tariffs are imposed on gold and silver will their prices rise, fall, or stay the same? We explain facts and myths when it comes to gold prices and tariffs. |
| Comparing gold vs the S&P 500 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-03-25 | What does the data say about investing in gold versus investing in stocks? We analyze price performance and how adding a yield to gold enhances returns. |
| Gold Outlook Report 2025 Brief | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-03-13 | Monetary Metals 2025 Gold Outlook Report is here. We share our predictions on the gold and silver markets for the coming year and how to prepare. |
| Leasing vs “leasing” gold for a return | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-02-26 | In this article we compare conventional bank leasing with true gold leases. A Monetary Metals lease is NOT a promise to pay gold later. That would be a loan. |
| Understanding rich gold vs poor gold | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-01-21 | With Monetary Metals, you can transform your gold into an income-generating asset that aligns with Robert Kiyosaki’s investing framework. |
| Recurring ACH Purchase Tutorial | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2024-11-25 | With our monthly recurring ACH purchases feature, you can schedule recurring purchases of gold and silver, directly from your client portal. |
| How does gold perform during elections? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2024-11-04 | Regardless of who wins, we will continue to provide opportunities for our clients to build wealth in an asset that has stood the test of time. |
| Ronnie Stoeferle: Why I Invested in Monetary Metals | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2024-07-26 | Monetary Metals is one, if not the only, company I know that is actively building the financial plumbing for a market that runs on sound money. Read why Ronnie Stoeferle invested in Monetary Metals. |
| Gold Outlook 2024 Brief | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2024-03-12 | Every year we take an in-depth look at the market dynamics and drivers and finally, give our predictions for gold and silver prices over the coming year. |
| Reflections Over 2023 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2024-02-21 | Every once in a while, everyone should put down his work tools, ake a step back, and survey where you’ve been and where you’re going. |
| The Gold Yield Movement Advances | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2024-01-18 | This is the next step in the evolution of yield on gold—investors can access gold yield via the banking system using well-established infrastructure. |
| Best Episodes of 2023 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2024-01-03 | The Gold Exchange podcast features top guests who help untangle market complexity and offer their takes on how economic and policy changes affect l markets. |
| Two-Factor Authentication Tutorial | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-12-01 | Clients of Monetary Metals can watch their ounces grow, view monthly account statements, review current and past lease presentations, and purchase or sell metal, as well as other important features in their Client Portal. Monetary Metals offers Two-Factor Authentication (2FA) for clients who want increased security of their Client Portal. Below is a step-by-step guide |
| The Bifurcated Interest Rate | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-10-10 | A fissure in the monetary system is very dangerous. Market participants drastically alter their behavior, which can cause the collapse of financial institutions |
| Is Bidenomics Working? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-09-08 | Will Bidenomics steer the economy towards a recovery or into a recession? Jeff Deist and the Debased guests express their concerns and criticisms of Bidenomics. |
| Keith’s World Tour Summer 2023 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-08-29 | Monetary Metals CEO, Keith Weiner sets out on another around-the-world trip to raise awareness and to meet prospective clients. Follow his progress here. |
| Will Argentina have a Milei Moment? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-08-29 | Milei is portrayed as a figure who understands the complexities of Argentina's economic challenges and advocates for drastic measures such as... |
| Is Dollar Supremacy Over? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-08-03 | Jeff Deist, Alisdair Macleod, and the rest of the expert panel delve into the future of the US dollar and its position as the world's reserve currency. |
| Is the BRICS Currency Real or Hype? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-07-19 | In this episode of Debased, host Jeff Deist, EJ Antonio, and David Waugh, discuss the proposed BRICS currency. Is it real or hype? They delve into mechanics... |
| The 2024 Candidates VS the Fed | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-07-06 | Jeff is joined by a panel of experts who dive into the 2024 Presidential Candidate's opinions on the Fed and Monetary Policy. Comic Dave Smith joins to give his opinion on RFK, Vivek, and more! Connect with Jeff and Monetary Metals on Twitter: @JeffDeist @Monetary_Metals Additional Resources Upgrade to Gold 2.0 Vivek Ramaswamy Interview Theory |
| Understanding The US and Capital Controls | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-06-26 | On the latest Debased podcast episode Jeff Deist, Peter St Onge, and EJ Antoni discuss the US and the potential for capital controls and their consequences. |
| Will Trump’s Indictment Hurt the US Dollar? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-06-09 | Jeff Deist explains why the Trump indictment is more than just political, the future scenarios that are likely for the dollar, and why the rule of law is... |
| What’s Inside The Debt Ceiling Deal? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-05-31 | Jeff Deist explains what's lurking in the debt ceiling bill, why the debt is larger than most people think, and the reason politicians can't stop the madness. |
| How Will A Central Bank Digital Currency Work? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-05-30 | What are the preconditions necessary for a FedCoin and why are they coming to the fore now? What will happen to banks? Could the Fed be lender of first resort? |
| How To Stay Ahead Of The Fed | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-05-26 | In the first episode of Debased, Jeff Deist explains why he joined Monetary Metals, what will happen with the banking crisis, and how to profitably align... |
| Keith Weiner’s Macroeconomic Equation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-05-23 | Economists from the Moneterist School to popular writer Thomas Piketty have all attempted to use equations to predict economic outcomes. |
| The Risks of Safe Deposit Boxes | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-05-16 | Learn the risks associated with safe deposit boxes at commercial banks and explore sounder alternatives to protecting and growing your wealth. |
| Did Argentina Just De-Dollarize? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-05-15 | Argentina announces its plan to use Yuan to pay for imports as pundits fear de-dollarization. What would a beneficial de-dollarization would look like |
| Jeff Deist: Why I Joined Monetary Metals | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-04-05 | I am exceptionally pleased to join Monetary Metals after ten years at the Mises Institute. Offering yield on gold is both simple and yet novel... |
| What Is Undermining the Banks? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-04-01 | It’s only common sense, that to cause this many bank failures all over the world, that unnatural if not supernatural forces must be at work. |
| Why Can’t Banks Raise Their Rates on Deposits? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-03-27 | Why haven’t banks raised their rates on customer deposits with interest rates rising? What does this imply for the broader banking system |
| Did the Fed just Pivot? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-03-20 | We explain why SVB was not an isolated incident and why other banks are also at risk. Is this the start of the Fed pivot and what does it mean for gold? |
| What Caused the Collapse of Silicon Valley Bank? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-03-13 | The root cause of the collapse of Silicon Valley Bank was not stupidity, insufficient regulation, or corruption at the rating agencies. The root cause is... |
| 2023 Gold Outlook Webinar | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-03-08 | In the live 2023 Gold Outlook Webinar, CEO Keith Weiner commented on the conclusions of the Gold Outlook Report and answered attendees' questions on markets... |
| Want to know where silver is headed in 2023? Look at this little-known indicator… | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-03-02 | This year we noticed an interesting relationship between the silver price and an indicator you probably wouldn’t associate with silver, at first glance... |
| The Fed’s Demand Destruction: What It Means for You and Me | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-02-13 | The Fed's demand destruction policy is monetary quackery, like the Medieval practice of bloodletting. The more blood they took, the worse the patients got... |
| CEO Keith Weiner Quoted in Barron’s | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-02-02 | CEO Keith Weiner's commentary was featured in Barron's. In an article discussing 'Why silver is outperforming gold' and the implications for the global economy. |
| How we think about gold and silver | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-01-31 | Five market participants interact to form a constantly changing dynamic. This is the only way to analyze the supply and demand fundamentals for gold and silver. |
| Reflections Over 2022 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2023-01-02 | My reflections are that we just may pull it off—our mission to help the world transition to a proper gold standard. 2022 was a helluva year, bring on 2023 baby! |
| The Current Yield Curve Inversion, Explained | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-12-19 | The Fed has massively inverted the yield curve. We explain why investors might be frontrunning themselves and why the long-term rate won’t budge. |
| The Bitcoin Perfection Problem | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-11-21 | We were going through some old bitcoin articles and realized we had a draft of an article Keith wrote that we never published. Better late than never! We hope you enjoy. Listen to the audio version of this article here. The History of Technological Innovation Bitcoin has an intractable problem, and it is intrinsic to |
| Keith Weiner Interviewed on Ticker News | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-11-21 | CEO Keith Weiner joins Ticker News Insight to talk about the success of gold bonds, failing fiat currencies, and what investors can expect from gold. |
| Sam Bankman-Fried FTX’ed Up | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-11-16 | Last week the cryptocurrency exchange FTX, which was recently valued at $32 billion, imploded. Although the tragedy continues, let’s summarize the events... |
| The Fed has a Hammer, and You’re a Nail | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-11-03 | In order to save, they destroy. In order to contain, they unleash. In order to stabilize, they destabilize. It would be comedic, if it wasn’t so tragic. |
| Gold 2.0 – How to Upgrade your Gold with Monetary Metals | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-10-31 | VP of Marketing Dickson Buchanan gave a presentation on the benefits of Gold 2.0 to investors at the New Orleans Investment Conference. What is Gold 2.0? |
| How to Build and Destroy a Pension Fund System in 22 Easy Steps | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-10-25 | Monetary Metals CEO Keith Weiner gave a talk at the New Orleans Investment Conference on how to build and destroy a pension fund system in 22 easy steps. |
| Is the Yield on Gold Enough? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-09-23 | A yield on gold is an attractive alternative to falling yields in dollars or the negative yield with costs of vaulting your precious metals. But... |
| Interest Rates Cannot Go Up Far, Or Hold for Long | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-09-19 | Despite higher inflation rates and the actions of the Federal Reserve, we show how interest rates cannot go up, or stay up, for long. Today is not like 1970. |
| Silver Fever, or Silver Fading? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-09-14 | The silver scarcity has begun to resolve. We discuss what the data in the silver market is saying and why the market has become a Keynesian Beauty Contest. |
| The Russians (Propaganda) Are Coming! | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-09-12 | The Moscow World Standard has been the subject of rumors and speculation. Will the Russians be able to push up the price of gold? We breakdown the dynamics. |
| Keith Weiner on the VoiceAmerica Business Channel | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-09-06 | CEO Keith Weiner returns to popular radio show Turning Hard Times into Good Times hosted by Jay Taylor. Jay argues that the U.S. government hates gold. |
| Silver Update: Scarcity Gets More Extreme | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-09-02 | Silver is showing signs of scarcity that haven’t occurred in years. Key indicators continue to stray further from normal conditions, and we break down why. |
| The Silver Phoenix Market | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-08-29 | The silver market is showing signs of scarcity that haven’t occurred in years. We break down what this means for silver owners and how it could be resolved. |
| The Knockout Blow to Crypto | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-08-22 | Government-caused inflation persists, so the UFC is right to be thinking outside of the dollar box. But there’s a better solution than hyper-volatile crypto. |
| Buy Gold, Because… | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-08-08 | People are buying gold hoping to hedge against inflation. We offer a more compelling reason to own gold and discuss what it can do when you own it. |
| Moneychanger Interview with Keith Weiner | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-08-03 | Franklin Sanders of the Monechanger interviewed Keith Weiner on how Monetary Metals is working to restore gold and silver as money that circulates. |
| Smart Investor Interviews Keith Weiner | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-08-03 | Ralph Malisch of Smart Investor, interviewed CEO of Monetary Metals, Keith Weiner on the economic issues facing the global economies. |
| What the Heck Is Happening to Silver?! | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-07-18 | We discuss the recent news of JP Morgan’s spoofing and why the monetary metals are behaving so oddly with our proprietary gold and silver charts. |
| Soho Forum Debate: Gold vs Bitcoin | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-07-18 | On Tuesday, July 26, 7:00 PM ET at the Mises Institute in Auburn, Alabama, Gene Epstein will be moderating a debate on the question: Has gold lost its glitter? |
| Keith Weiner on Palisades Radio | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-07-15 | Vincent Lanci is the Owner and Founder of Echobay Partners LLC. In his appearance on the popular Gold Palisades Radio show, Lanci mentioned CEO Keith Weiner's commentary in the annual In Gold We Trust Report. In the report Keith discusses gold backwardation and why gold is different than all other commodities. 'Gold has been mined |
| Is Gold About To Go Mainstream? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-07-11 | Merrill Lynch just disclosed an investment thesis called FAANG 2.0. It’s a fascinating idea and gold plays a prominent role. Let’s unpack it. |
| Rare Gold-Silver Crystal Sighting | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-07-06 | Is this the moment we've all been waiting for? We analyze signals from the silver market not seen since 2009 and why they matter to silver owners and users. |
| Bitcoin Volatility is a Feature, Not a Bug | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-06-27 | The following is not a prediction for bitcoin’s price in 2022. We don’t know what the price will be in the short term, and neither does anyone else. It is a look at the economics of bitcoin. First off, bitcoin is not a Ponzi scheme. A Ponzi is a fraud, in which the sponsor promises |
| Heat Death of the Economic Universe | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-06-24 | So when those two things are going opposite directions, debt is going up and GDP is going down, then that is completely unstable. That's thermonuclear. |
| Unit of Account and Current Valuations by Paul Belanger | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-06-24 | Lending dollars is therefore inherently speculative. This article will discuss the potential success of a speculation in bonds and if it is favorable today. |
| CEO Keith Weiner on Real Talk with Zuby | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-06-23 | Monetary Metals CEO Keith Weiner was on Real Talk with Zuby discussing the difference between gold and 'digital gold', the problems with the economy and more. |
| Investments, Speculations and Money by Paul Belanger | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-06-21 | The differences between investments, speculation, and money are of great importance to anyone who wants to have an investment philosophy. |
| Will Interest Rate Hikes Fix Inflation? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-06-13 | Everyone is asking if the Fed’s interest rate hikes will be enough to curb inflation. The question's not even wrong. Read on to learn what will really happen |
| Analysis Featured In Gold We Trust Report 2022 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-06-07 | This report features macroeconomic analysis and contribution from Monetary Metals CEO Keith Weiner on 'How to Understand Gold’s Supply and Demand Fundamentals'. |
| Monetary Metals CEO Keith Weiner Interviewed on RealVision | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-06-02 | CEO Keith and RealVision's Mike Green discuss how Monetary Metals increases gold’s value proposition by paying interest on gold and silver holdings. |
| Gold and the Death Blow to Crypto | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-05-18 | CEO of Monetary Metals Keith Weiner sits down with Matthew Piepenburg of Matterhorn Asset Management to discuss gold, fiat and crypto. |
| The Silver Chart THEY Don’t Want You to See! | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-05-13 | Trading in the silver market is fascinatingly complex. The chart and analysis below clarify the nuances that many seemingly don’t want you to understand. |
| Open Letter to Lex Fridman and Michael Saylor | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-05-09 | The first thing I want to say is—well done! The monetary system faces grave problems and discussing them is of vital importance. |
| Forensic Analysis of Fed Action on Silver Price | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-05-06 | We zoom deep into the wacky silver market the last couple of days and analyze how the Fed's decision and speculators have altered the market. |
| Time for a Silver Trade? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-05-03 | Is now a good time for a silver trade? We look at how has the Fed’s interest rate hike, and future hikes, have changed the fundamentals for gold, and silver. |
| It’s Time for TINA to Retire | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-04-19 | In the world of trends, history repeats more than it rhymes. Things which were considered “in” decades ago, reemerge. Inflation is the latest trend to reemerge. |
| How Not to Think About Gold | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-04-18 | Everyone is always constantly bullish on gold prices “going to the moon” and rumors or predictions that gold is about to “break out” like never before. |
| CEO Keith Weiner on MishTV | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-04-12 | Mish and Keith talk about how the dollar is not close to losing reserve currency status and why many financial pundits can't seem to understand why. |
| Oil, the Ruble and Gold Walk into a Bar…Part III | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-04-11 | Gold Standards, the good, the bad, and the ugly. Is it even possible to return to a gold standard? Is Russia leading the push, or do we need something else? |
| Oil, the Ruble and Gold Walk into a Bar… Part II | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-04-06 | What is the link between rubles, oil, and gold? What is meant by the word “link?” What impact will that “link” have, if any, on the global monetary system? |
| Oil, the Ruble, and Gold Walk into a Bar… | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-04-04 | A narrative has formed about how Russia will change the monetary system via a link with rubles, oil, and gold. There's not just one problem, with this narrative |
| Monetary Metals April Fools Articles | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-04-03 | Here at Monetary Metals we take our mission seriously. And that includes making you laugh on the first of every April with our April Fools articles! |
| The Halo Effect | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-04-01 | It’s not fair. It seems everything claims to be gold. Oil is black gold. Melted cheese is liquid gold. It’s just not fair! |
| Human Action in the Silver Market | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-03-28 | We dispel the precious metal price conspiracy and show why telling the truth helps buyers enter the metals market for the right reason. |
| Gold and Silver: Breaking Out? Or Breaking Down? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-03-25 | Is this time different for metals or is it buyers of futures using margin accounts to maximize their hoped-for returns of $ on a quick flip of a metal position? |
| Robbie the Fire Breakdown | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-03-24 | Our CEO Keith Weiner talked about so many interesting and counterintuitive topics with Rob that we thought it would be nice to give viewers a breakdown. |
| Six Reasons Why Gold is the Best Money | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-03-21 | Why is gold so uniquely suited to be money? Here are our top six reasons why we think gold is the best money, and why dollars and bitcoin don’t even come close. |
| How Much is the Gold Cube Worth? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-03-14 | When we heard that an artist had designed a gold cube as an art installation in the middle of Central Park we couldn’t help but start doing a little math on it. |
| Part II of Ukraine and Inflation, Can Russia Enact a Gold Standard? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-03-10 | Does Russia have enough gold to declare a gold standard? Let’s first address the question of would they even want to, and how the world would react. |
| This is Not The Silver Breakout You’re Looking For! | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-03-09 | Silver buyers beware. This is not the silver breakout you're looking for. As the price of silver has risen from $24 to over $27, we look at who's buying. |
| Ukraine and the Next Wave of Inflation, Part I | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-03-07 | In Part I of this series we analyze how the fallout from the invasion of Ukraine will increase price inflation, but not in the way most people think. |
| Dissecting Gold and Silver Prices After Russian Invasion | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-02-25 | We analyze the gold and silver price movements and what Russia invading Ukraine and increased global tensions mean for the precious metals market. |
| The Federal Reserve’s Zugzwang Position | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-02-22 | In other words, zugzwang. In chess, this is when any move makes your position worse. This describes the Fed’s situation perfectly. |
| Gold Outlook Brief 2022 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-02-01 | Monetary Metals gives a peek into how we view the precious metals space and what key indicators and price drivers to look out for gold and silver in 2022. |
| Response: Fed’s Digital Currency Paper | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-01-24 | The Federal Reserve has solicited comments about its ideas for a central bank digital currency (CBDC). This is our extended commentary offered in response. |
| Keith Weiner interviewed on Run Your Mouth by Robbie “The Fire” Bernstein | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-01-20 | CEO of Monetary Metals Keith Weiner gives a ton of insights into interest rates, zombie companies, inflation and more with Comedian Robbie 'The Fire' Bernstein. |
| Reflections Over 2021 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-01-11 | In March, I flew for the first time since the start of Covid health theater. I was invited to speak at the Austrian Economics Research Conference in Auburn, AL. |
| Gold Under the Mattress vs Gold Investments | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-01-11 | “If you can’t hold it in your hand, you don’t own it.” While there is truth in this saying, investing by these words alone could prove a costly mistake. |
| We Need the Sound Money Virus | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2022-01-11 | Healthy economies, stable interest rates and financial institutions that serve their constituents instead of political whims. Doesn’t that sound refreshing? |
| Inflation and Gold: What Gives? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-12-20 | In this Supply and Demand report we discuss Ireland buying gold for the first time in over a decade and the different theories of gold price movements. |
| Mickey Fulp Interview: Investing in Interest-Bearing Gold Bonds | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-12-02 | Mickey Fulp interviewed Monetary Metals' CEO Keith Weiner to discuss the maturity of its most recent gold bond, which pays interest on gold. |
| What’s In Your Loan? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-11-22 | A healthy monetary system must be able to have stability in lending and borrowing, features which a Gold Standard provides, and Bitcoin and other systems lack. |
| Addison Quale Interviewed on the Tom Woods Show | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-11-16 | Tom Woods invited Monetary Metals’ VP of Relationship Management Addison Quale on his show to discuss the Monetary Metals mission and how the company works. |
| Perversity Thy Name is Dollar | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-11-15 | The perverse incentives of the dollar and the centrally planned falling interest rates lure the debtor deeper into inescapable debt. |
| Rising Fundamentals of Gold and Silver | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-11-08 | To describe the fundamentals of the gold and silver markets, or even predict its price moves, a coherent theory must look at the gold and silver bases. |
| Why a Yield on Gold Matters | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-11-02 | In a world where yield is disappearing, real interest rates are negative, and speculative churn is rampant, why does a yield on gold matter? |
| Why Isn’t Gold Going Up with Inflation? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-10-25 | Why hasn't the price of gold risen along with other commodities because of inflation? The answer depends on what causes rising prices and inflation. |
| Can Interest on Gold Outpace Inflation? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-10-21 | In light of the recent transitory inflation we’re facing how can you generate a yield that will beat inflation? The answer involves that four-letter word: gold. |
| How to Invest in Gold Better than Ray Dalio | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-10-20 | You could invest in gold better than Ray Dalio and Bridgewater by treating it not just like an ordinary commodity, but as a yield-generating capital asset. |
| Palisades Gold Radio Interview | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-10-12 | Monetary Metals CEO Keith Weiner was back on the Palisades Gold Radio podcast. He discussed how gold has one key feature that bitcoin does not. |
| Transitory Inflation and Useless Ingredients | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-10-04 | Friedman was wrong. Inflation is not always and everywhere a monetary phenomenon. Useless ingredients are the unnamed force behind the UK's Energy Crisis. |
| Silver Crash Makes Silver Trash? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-09-30 | The silver price fell over 4% yesterday. Was it “the cartel” shorting with paper futures? Or did physical metal get dumped on the market? Find the answer here. |
| Daniel LaCalle interviews Keith Weiner | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-09-30 | Daniel LaCalle invited Monetary Metals’ CEO Keith Weiner on his show to discuss inflation, lockdown effects and the future macroeconomic outlook for gold. |
| Gold 1, Bitcoin 0 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-09-23 | Coinbase, a leader of the crypto revolution has announced it's borrowing $2 Billion in dollars. Not bitcoin, dollars. Does anyone see the irony? |
| Lower Prices, Stronger Fundamentals | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-09-20 | Gold and silver prices fell last week, but their fundamentals strengthened. In this week’s report, we peek under the hood to see how strong the fundamentals are |
| Nominal Dollar Interest vs Real Gold Interest | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-09-17 | By contrast to interest on dollars, interest on gold does not have to be adjusted for inflation. If you earn 3% interest on gold, you have a real 3% gain. |
| Gold and Silver Price Fundamentals Update | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-09-14 | Let's revisit some of our fundamental analysis on gold and silver prices that we last mentioned in our August 23 report. Silver and gold scarcity is rising. |
| How Do They Get Away With It? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-09-13 | The government inflicts bad policies, with perverse outcomes. It consumes capital, and increases costs. How do they get away with it? |
| Monetary Metals in Wealth Management, Townhall, Inside Sources, and Barron’s | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-09-03 | Keith Weiner and Monetary Metals were featured in several news outlets last month including Wealth Management Magazine, Townhall, Inside Sources, and a letter to the editor of Barron's. Here's a quick recap of each feature with a link to the original. InsideSources: Is the Gold Standard the Economist's Punching Bag? Inside Sources ran an article |
| Where Does Your Profit Come From? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-08-30 | It matters where your profit comes from. Investment is not the same as speculation. Dividends are not the same as capital gains. |
| Where do gold and silver prices go from here? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-08-23 | We’re at a crossroads in gold and silver prices, and the economy at large. Here’s our unique take on where gold and silver prices go from here. |
| What Trick did Tricky Dicky Pull 50 Years Ago Today? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-08-16 | On August 15, 1971, 'Tricky Dicky' decreed that the US dollar would no longer be redeemable for the gold owed, even to foreign governments. Today, it's worse. |
| Is the Gold Standard the Economists’ Punching Bag? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-08-12 | The gold standard is the punching bag in the economists’ gym, and David Beckworth and Patrick Horan are the latest to give it a good jab. |
| Gold Price Smashdown vs Gold on Fire | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-08-10 | The gold price dropped precipitously on Sunday evening, August 8. Or it was smashed down. We look at the data to see what happened to the price of gold. |
| Silver Rorschach Test | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-08-09 | On Friday, August 6, the price of silver fell over a dollar/oz. Why did it fall? We provide forensic analysis, using our silver basis and cobasis indicators. |
| Moving from Gold-Redeemable to Irredeemable Currency | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-08-02 | The Fed is the issuer of America’s and the world’s reserve currency. But, what gives it value? Fed apologists and critics imbue it with almost a mystical power. |
| Motivated Reasoning About Silver | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-07-26 | Despite rumors of solar panel demand and central banks buying gold, did the bull case for gold and silver just get a bit weaker last week? Read on to find out! |
| Celebrating Five Years of Interest on Gold | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-07-22 | This month marks the five-year anniversary of Monetary Metals paying interest on gold. This post celebrates how far we've come and where we're headed! |
| Top Wealth Management Companies in Arizona | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-07-15 | We were showcased as one of the top wealth management companies in Arizona by Daily Finance Magazine out of the UK. We build real wealth in real money - gold! |
| Basel III and Gold Resource Center | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-07-08 | Welcome to the Basel III and Gold Resource Center! This page is a resource for gold investors who want to understand the impact of Basel III on gold markets. |
| Condo and Currency Collapse | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-07-06 | The collapse of the Champlain Towers South Condo building in Miami provides a surprising number of insights into the collapse of a currency. |
| Inflation or Lockdown Whiplash? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-06-28 | Only one question is open for debate - Is inflation transitory? Or is it running away? These are the wrong questions to ask about inflation. Read on for why. |
| Roundtable on Basel III and the Gold Price | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-06-23 | How will Basel III regulations impact the price of gold and silver? Keith Weiner was part of a roundtable discussion unpacking the effects of Basel III on gold. |
| What the Heck Just Happened to the Price of Gold and Silver?! | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-06-21 | Last week, the price of gold fell $140/oz, and the price of silver nearly $2/oz. What happened? We break down the dramatic price moves in our latest report. |
| Resetting the Federal Debt | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-06-07 | That the debt is unpayable may be obvious, but the endgame is not obvious at all. The Fed keeps printing, but no default. How come? Is a simple 'reset' coming? |
| The Truth about the Silver Squeeze | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-04-26 | The #silversqueeze story has got the precious metals community in a tizzy. Meanwhile, the silver price seems to have taken the month off. What’s going on? |
| James Delingpole Interviews Keith Weiner on the Delingpod | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-04-12 | James Delingpole invited Monetary Metals' CEO Keith Weiner on his show to discuss how to prepare for the coming hyperinflation. This wide-ranging conversation includes the fundamental reasons for investing in gold and silver and Monetary Metals' Gold Fixed Income investments, which pay interest on gold and silver. They discussed why John Maynard Keynes was a |
| Wall Street Silver Interviews Monetary Metals’ CEO Keith Weiner | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-04-09 | The official Wall Street Silver Reddit channel invited Keith, CEO of Monetary Metals, on their youtube channel to discuss the precious metals markets. Keith provides analysis on where he thinks gold and silver prices are headed this year, and how things have changed for the US dollar system since Covid-19. They also discuss Keith's theory |
| Is Gold the Next Bitcoin? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-03-29 | Jonathan Hoenig and Seth Levine invited Keith Weiner on their show to discuss gold and bitcoin, including the advantages and disadvantages of each. |
| The Theory of Interest and Prices | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-03-26 | What do a famous broken bridge and Jimi Hendrix have in common with monetary effects on consumer prices? Short answer: a dynamic system & positive feedback. |
| Is Inflation or Deflation Coming? 15 March | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-03-15 | Understanding the monetary and nonmonetary forces currently at play is important if you’re going to predict what comes next. |
| Is Inflation or Deflation Coming? Part 2 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-03-15 | Understanding the monetary and nonmonetary forces at play in the economy is important if you’re going to predict what comes next. |
| The Fedcoin is Coming, Part 2 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-03-08 | The two main reasons driving a possible Fedcoin are sinister and pernicious. And neither Powell nor Yellen have mentioned them. |
| The Fedcoin is Coming, 8 March | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-03-08 | The two main reasons driving a possible Fedcoin are sinister and pernicious. And neither Powell nor Yellen have mentioned them. |
| What’s The Real Purpose of Money? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-02-17 | Once upon a time gold was commonly used to finance productive enterprise. Unfortunately, 20th century events put that practice on a hiatus. But it’s back! |
| Monetary Metals Gold Brief 2021 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-02-16 | Our annual analysis of the gold and silver markets. We look at the market players, dynamics, fallacies, drivers, and price predictions for the coming year. |
| Reddit Residue on Silver, 3 February | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-02-03 | What caused this week’s yoyo-like swings in silver? Residual Redditors? FOMO? What can we expect from here? |
| Ruh Roh Silver, 2 February | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-02-02 | The headlines blaring about the “disconnect” between paper and physical silver have it wrong. They are, in effect, saying “wet street caused sunshine!” |
| Private Debt Investor: Monetary Metals Issues Gold Bond | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-02-02 | In January 2021, Monetary Metals announced the issuance of a bond paying principal and interest in gold - the first proper gold bond in 87 years. Robin Blumenthal of PEI Media covered the story in Private Debt Investor. Read the full article, Monetary Metals Issues Gold Bond, on their website. (Free registration required). |
| What Will Reddit Do With Silver? 29 Jan | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-01-29 | A group of individual investors on Reddit drove up GameStop’s stock price this week, and now they’ve set their sights on silver. Where will this go? |
| Bitcoin: Better Than You Think | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-01-29 | The following is a guest submission from Monetary Metals client David S., responding to a recent article by CEO Keith Weiner. After learning of David's perspective, we invited a published response in the spirit of healthy debate & productive disagreement. As a proponent of both gold and bitcoin, I have a few responses |
| Financial Advisor: Gold Grows As Dollar Weakens | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-01-28 | In January 2021, Monetary Metals announced the issuance of a bond paying principal and interest in gold - the first proper gold bond in 87 years. Karen DeMasters from Financial Advisor Magazine covered the story. Read the full article, Gold Grows as Dollar Weakens, on the Financial Advisor website. |
| InvestmentNews: An Old Bond Strategy is New Again | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-01-20 | In early January, Monetary Metals announced the issuance of a bond paying principal and interest in gold - the first proper gold bond in 87 years. Jeff Benjamin from InvestmentNews covered the story. In addition to news and opinion writing, Jeff is the co-host of The InvestmentNews Podcast. Read the full story on the InvestmentNews website. |
| The Problem with Record-Low Interest Rates | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-01-19 | Keith Weiner on the GoldNewsletter podcast: record-low interest rates and how cheap borrowing comes at the expense of capital productivity. |
| Reflections Over 2020 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2021-01-04 | What’s the connection between forged battlefield weaponry and the concept of redeemability in a gold standard? Read on. |
| An Economist Rebukes The Economist | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-12-18 | There are but two ways that man can deal with man: reason and force. Reason includes invention, design, entrepreneurship, finance, borrowing and lending, construction, production, manufacturing, mining, farming, trade, marketing, distribution, sales, and contract. Force is when someone picks up a gun. The gun is used to override the reason of the victim with the |
| Wrong Measurement, Wrong Macro Call | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-12-14 | The difference between the measurement paradigm that we propose, and the mainstream, is not merely ideological, pedagogical, tendentious, or pedantic. |
| Open Letter to Gregory Mankiw, 7 December | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-12-07 | We’re pleased to see an NYT article from a Harvard econ prof concerned about falling interest rates. However, the dangers are even greater than he suggests. |
| That Precious Metals Rumor Mill | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-11-30 | Silver shortage? Famous Buyers? Big Transactions? Let’s look closely at the data. |
| The Great Reset | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-11-23 | What would a reset look like? Ideas abound! Unfortunately, many appear to be old schemes, repackaged. |
| COMING SOON: The Gold Exchange podcast | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-11-23 | Podcast launching soon! Sign up here. |
| Yes, Virginia, There Is An Alternative | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-11-11 | Currently, investors would rather own stocks than bonds, and damn the torpedoes along with the risks. We disagree. |
| Precious Metals Amid The Pandemic | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-11-11 | CEO Keith Weiner joins Jordan Goodman to discuss Monday's gold dive, pension fund money managers, and what to expect if the Democrat agenda goes into effect. |
| Recovery: GDP vs MPoD | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-11-02 | Recent announcements about GDP says a recovery has begun. We disagree. Why? Bring on the MPoD. |
| Why Austrian Economics is on the Rise | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-10-21 | The internet is full of views on economics and finance. One of the movements swimming against the current is the Austrian school of economics. |
| Why These Gold Standardites Are Wrong, 13 October | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-10-13 | Oh, the challenges in accurately predicting inflation – especially if you apply a gold standard to it. Plus, a $2M, 1700ft newly-improved suburban street in TX. |
| Silver Not Stimulated – 7 Oct | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-10-07 | What was selling on Tuesday…futures or metal? Plus, why Peter stimulating Paul is a bad idea all around. |
| Silver Falls, We’ve Got #$*&! Mail – 6 October | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-10-06 | Keith Weiner's analysis of the recent silver fall, plus how to deal with hate mail after disagreeing with price suppression theorists. |
| Gold and Alternative Investments Conference 2020 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-10-04 | Keith Weiner's keynote address on the nature of money, Fall 2019 at the Gold and Alternative Investments Conference in Sydney. |
| Silver Rises, JP Morgan Manipulates! 29 September | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-09-29 | While silver climbed a bit on Monday, we introduced JP Morgan to Motte and Bailey. And once again, logic ensued. |
| And Silver Crashes Some More! 24 Sept | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-09-24 | Silver took a dive for the second time this week. Have we hit a floor? Time to watch & wait. |
| Silver Crash! 22 September | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-09-22 | Conventional monetary thinkers measure the dollar in terms of the euro, pound, yuan – or consumer prices. However, we are not conventional. |
| The Dollar Cancer and the Gold Cure, Part 2 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-09-22 | This interview between Kerry Stevenson of the GAIC & Monetary Metals CEO Keith Weiner is the followup to a recent post, The Dollar Cancer and the Gold Cure. Stevenson is the Founder of the Gold and Alternative Investments Conference coming up in November. This time around, they cover the following topics: Why consuming capital is finite |
| The Future of Gold and Money: A Roundtable Discussion | Monetary Metals | Unlocking the productivity of gold | 2020-09-22 | A roundtable discussion with Mises Institute’s Jeff Deist, Keith Weiner of Monetary Metals, and James Dale Davidson, author of The Sovereign Individual. |
| The Dollar Cancer and the Gold Cure | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-09-21 | In this interview, Kerry Stevenson of the Gold and Alternative Investments Conference picks Keith Weiner's brain about money, credit, debt & gold. |
| What’s the Price of Gold? It Depends. | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-09-17 | Spot? COMEX? Retail? How does the price of gold vary by market? And why? |
| Gold & Silver ETFs: The Fine Print | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-08-26 | Gold and silver ETFs are all the rage right now. But before you ride that train? Here are a couple things to consider, in case you didn’t know. |
| Warren Buffett Shorts The Economy, 18 August | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-08-18 | While Buffett’s 180 on gold is exciting to folks in our circle, it’s also a warning of things to come. |
| Silver Purchasing Power or Perverse Incentives? 12 Aug | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-08-13 | The Fed doesn’t increase purchasing power. It offers a perverse incentive, which drives perverse actions, leading to perverse outcomes. |
| Silver Supply & Demand Still Strong at $29, 11 Aug | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-08-11 | The 6 phases of trading action indicate silver was no more abundant yesterday. And with this much buying, things are looking bullish. |
| Silver Explodes—But Why? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-08-07 | This manic rise in the price of silver will end someday. But today is not that day. Stack on! |
| The Wealth Effect: Silver Edition | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-08-06 | In a post-interest world, there's not much return in financing a productive enterprise. So, we're forced to speculate on whatever asset bubble is inflating at the moment. |
| Inflating a Silver Bubble, 5 August | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-08-05 | Monday brought another silver spike. But the pattern we're seeing isn't the standard supply-and-demand stuff from Econ 101. It's different, but not obvious. |
| Stay Away From Gold?!? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-07-29 | What?! Forbes Senior Contributor Larry Light wrote an opinion-piece titled “Stay the Hell Away From Gold.” Let's school him. |
| Silver Scarcifies, 27 July | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-07-28 | Silver got scarcer and simpler on Monday. While the price of silver went up, a lot, the abundance of the metal to the market went down, a lot. |
| One of These Silver Days is Not Like the Other | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-07-23 | Silver has another big day, but market dynamics were different. Keith includes an open letter to Mercatus, responding to their swipe at the gold standard. |
| About that Spike in the Silver Price… | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-07-22 | This spike in the silver price is different than the others since 2011. Also, we comment on the possible appointment of Judy Shelton to the Fed. |
| The Simon-Ehrlich Bet Wasn't What You Think | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-07-08 | The bet shows a fatal flaw in how most people think about inflation. |
| 5 Ways Oversubscription Can Benefit Investors | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-07-08 | Oversubscription? No worries. That's a signal your investment has liquidity, marketability, and that it's unlikely any single investor can take the deal down. |
| Defaults are Coming | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-06-22 | Financial institutions invested in the bonds of travel-related businesses. This debt will be defaulted, and creditors will wish they had invested in gold. |
| Gold in a Coronavirus World | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-06-17 | 'The price of gold is rising, but that’s not the most important thing.' That's the start of a compelling article our CEO, Keith Weiner, wrote this week about our current environment. In it, he illustrates your role - and mine! - as creditors in the ever-expanding US debt burden. Eye-opening, indeed. You can see it |
| Growing Dollar Demand, Silver Weirdness | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-06-15 | When debt rises, so does demand for money. Something happened in silver that is unprecedented: a contract headed into expiry had a rising basis. |
| Precious Metals Leasing | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-06-10 | There's leasing, and then there's Monetary Metals Gold Fixed Income Leasing, with interest paid in metal, at a rate determined in a free-market auction. |
| Why Gold, Why Now? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-05-26 | Growing US debt, the dwindling yields of Treasury bonds, as well as their increasing risk. This May 2020 print article rings even more true now. |
| When Is a Capital Gain Capital Consumption? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-05-25 | There is an important difference between when the price of an asset rises due to an increase in value vs when it rises due to a drop in the interest rate. |
| Open Letter to Crispin Odey | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-05-21 | If gold were confiscated, it would have no effect on bank solvency, interest rates, or consumer prices. Fears of gold confiscation are not based on solid reasoning. |
| The Federal Counterfeiter | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-05-20 | The Federal Reserve is not just a counterfeiter, it is also the enabler of counterfeiters. The result is everyone is sinking deeper into debt. |
| How to Maintain a Bull Market after Covid Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-05-11 | Many people are mystified by the disconnect between the real economy and the stock market. The explanation is simple. |
| Gold and Silver Markets Start to Normalize | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-05-04 | The extraordinary bid-ask spreads and bases are coming down, in both gold and silver. The reason may surprise you. |
| It's Only Paper | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-04-27 | It’s tempting to think that the losses due to the government’s response to the virus are only paper. Wrong. |
| Crude Goes Negative! | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-04-21 | The price of crude oil fell way below zero on April 20. The spread between spot and future price rise to $58 a barrel. How to interpret this unprecedented event? |
| Crouching Silver, Hidden Oil | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-04-20 | Today, an ounce of silver can buy a barrel and a half of oil. And silver is dirt cheap! |
| Alchemy Rediscovered by Research Scientist | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-04-01 | Could creating gold from lead really stimulate the economy 1,600 times better than printing dollars? Color us skeptical, that is, until we spoke with Dr. Mus. |
| The Out Has Not Yet Begun to Fall | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-03-31 | A great bust was certain to come of the great Fed-fueled boom of 2009-2019. The panic response to the virus is both catalyst and accelerant. |
| Gold's Gone Wild | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-03-25 | The bid-ask spread in gold blew out on Tuesday, but it does not mean what most think it means. |
| Cash is Toilet Paper | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-03-23 | Cash is like toilet paper, but not in the way most people think! |
| Is Now a Good Time to Buy Gold? Market Report | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-03-16 | After stocks and interest rates have crashed, now is a good time to ask the question. |
| Is Now a Good Time to Buy Gold? Market Report 16 March Part Two | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-03-16 | Supply and Demand in the silver market |
| Socialism and Gold | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-03-04 | There is a megatrend towards socialism. Perversely (for the socialists) this will drive the disenfranchised and displaced people to buy gold and silver. |
| Silver Backwardation Returns, Gold and Silver Market Report | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-03-02 | The price of gold and especially of silver dropped. And with that, backwardation emerges in silver. |
| Widening Bid-Ask Spreads, Gold and Silver Market Report 17 February | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-02-17 | widening bid-ask spreads in the spot market reverses the trend of 2018. |
| Monetary Metals Gold Brief 2020 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2020-02-03 | Monetary Metals discusses how to look at the gold and silver markets, and their predictions for 2020. |
| Central Planning Vs. Economics | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-12-30 | Buy Gold Now, World to End on December 31 |
| Open Letter to John Taft | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-12-18 | People criticize capitalism, but that is not the system we have today. Not even close. |
| The End of an Epoch | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-12-09 | Whatever John Maynard Keynes meant by saying “Overturning the existing basis of society,” it is happening in our lifetimes. |
| Money and Prices Are a Dynamic System | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-12-02 | Quantity analysis of money and prices makes the mistake of thinking in static terms, but the real economy is dynamic. |
| Raising Rates to Fight Inflation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-11-25 | Armed with a false theory, monetary planners can wreak havoc. |
| The Perversity of Negative Interest | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-11-18 | It’s the elephant in the room. Mainstream economics largely ignores it, and critics expect skyrocketing prices. Meanwhile, it’s causing something else entirely. |
| What’s the Price of Gold in the Gold Standard, Report 10 Nov | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-11-11 | There is a widespread confusion between price of gold today vs. the standardized weight of gold that was the dollar in 1792. |
| Targeting nGDP Targeting, Report 3 Nov | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-11-04 | nGDP targeting is another way to answer the same Begged Question: how shall the center planner determine how much money to print? |
| Bitcoin Myths, Report 27 Oct | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-10-28 | With bitcoin back to its skyrocket phase, and with Keith speaking at a conference where gold and bitcoin were presented, it’s a good opportunity to revisit USD, AU, and BTC. |
| Silver Doctors Discuss Permanent Gold Backwardation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-10-25 | Keith Weiner interviewed by Silver Doctors. He discusses a variety of topics like an exponentially rising gold price and permanent gold backwardation. |
| Wealth Accumulation Is Becoming Impossible, Report 20 Oct | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-10-21 | People use rising share prices as a substitute for earning interest, but it’s not the same. |
| Motte and Bailey Fallacy, Report 13 Oct | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-10-14 | The defenders of evil institutions have a variety of clever fallacies. One ruse in their bag of tricks is this fallacy which shifts context mid-argument. |
| A Wealth Tax Consumes Capital, Report 6 Oct | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-10-07 | A wealth tax is now all the rage. It is supposedly how to rectify wealth inequality. But what does it really do? |
| The Purchasing Power of Capital, Report 29 Sep | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-09-30 | We are trained to think that capital assets are surrogate bank accounts, and to look forward to spending them when their purchasing power rises. But there’s a problem. |
| Treasury Bond Backwardation, Report 22 Sep | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-09-23 | A crisis occurred this week in the credit markets. Mainstream media is saying don’t worry, but what happened? |
| Why Are People Now Selling Their Silver? Report 15 Sep | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-09-16 | Even if the dollar loses value at a constant rate, market participants may not agree and can overshoot and then correct. |
| How Is Negative Interest Possible? Report 8 Sep | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-09-09 | People say that bonds are in a “bubble” and there will be a market backlash against negative rates. But it’s not possible. |
| Asset Inflation vs. Consumer Goods Inflation, Report 1 Sep | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-09-03 | The Quantity Theory of Money is a paradigm that can limit one’s ability to grasp the problem with the dollar. |
| Directive 10-289, Report 25 Aug | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-08-26 | The president of the United States of America Ordered American companies to move their manufacturing. This is not good. |
| Deflation Is Everywhere—If You Know Where to Look, Report 18 Aug | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-08-19 | Time preference is very low today, in contrast to the 1970’s. To get consumers to buy, manufacturers have to get creative with discounts. |
| The Economic Singularity, Report 11 Aug | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-08-12 | In physics, a construct of zero volume and infinite mass is a singularity. In economics, it is zero interest and infinite NPV of liabilities. |
| I Know Usury When I See It, Report 4 Aug | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-08-05 | Do you know it, when you see it? To know it, you need a clear concept of what it is. So what is usury? |
| Obvious Capital Consumption, Report 28 Jul | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-07-29 | Socialism institutionalizes capital consumption. Our central banks are doing the same thing, but in a more sophisticated way. |
| The Fake Economy, Report 21 Jul | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-07-22 | Something is fake in our economy, but not what you might think if you accept the Orwellian language tools touted by socialist tools. |
| How to Fix GDP, Report 14 Jul | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-07-15 | The problem with GDP is that it does not take into account consumption of capital. Here’s one way to measure it. |
| More Squeeze, Less Juice, Report 7 Jul | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-07-08 | How do we measure a true picture of the strength of the economy? How much juice do we get per unit of squeeze? |
| Keith Weiner Gets Interviewed | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-07-03 | interest on gold, Basel III, macroeconomics |
| GDP Begets More GDP (Positive Feedback), Report 30 June | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-07-01 | There are positive feedback loops, where GDP-generating activities cause other GDP-generating activities. At least, while it lasts. |
| What Gets Measures Gets Improved, Report 23 June | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-06-24 | If you break a window, GDP goes up. Is this a recommendation to break windows or an indictment of GDP? |
| Gold Bullion International Lease #1 (gold) | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-06-19 | Monetary Metals leases silver to Gold Bullion International |
| The Elephant in the Gold Room, Report 16 June | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-06-17 | many blithely assume that, because gold is superior money, that it makes superior currency and people will want to pay out gold. |
| Irredeemable Currency Is a Roach Motel, Report 9 June | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-06-10 | The old Roach Motel commercials said that roaches can check in, but they can’t check out. An irredeemable currency is like that. |
| Dollar Supply Creates Dollar Demand, Report 2 June | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-06-03 | Does an increase in the supply of dollars cause a decrease in the value of them? |
| The Crime of ‘33, Report 27 May | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-05-28 | Irredeemable currency disenfranchises the saver. The bond vigilante has gone extinct, like a dinosaur stripped of its teeth. |
| Keith Interviewed by Jay Taylor | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-05-23 | Keith Interviewed by Jay Taylor |
| China’s Nuclear Option to Sell US Treasurys, Report 19 May | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-05-20 | Can China use the nuclear option? Can it sell its holdings of US government bonds? |
| The Monetary Cause of Lower Prices, Report 12 May | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-05-13 | Interest is an ingredient that goes into every product. What if we could eliminate interest, as Keynes proposed? |
| Nonmonetary Cause of Lower Prices, Report 5 May | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-05-06 | In the same time that a monetarist can say “the Fed is inflating”, a Toyota worker said “if we move this tool caddy to the right, we can save two seconds on every bolt.”. |
| The Spreads Blow Out, Update 1 May | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-05-01 | Something has happened to gold and silver that has not happened since 2006. |
| Is Keith Weiner an Iconoclast? Report 28 Apr | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-04-29 | call us iconoclast if you must, but our motive is not to gore sacred oxen, but to help people understand the destructive trend. |
| The Two Faces of Inflation, Report 22 Apr | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-04-23 | Inflation has two different meanings. But one word is used because these different phenomena lead to the same result. |
| New Inflation Indicator, Report 14 Apr | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-04-15 | This would be a useful inflation indicator, at the risk of adding more useless ingredients to consumer products. |
| Debt and Profit in Russell 2000 Firms | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-04-11 | 40% of the companies in the Russell 2000 index are unprofitable. That’s telling us something. |
| What Causes Loss of Purchasing Power, Report 7 Apr | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-04-08 | The loss of purchasing power can be counterintuitive. |
| Monetary Innovation in the Ancient World Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-04-01 | Let’s tell the story of the ancient city of Orinthus. They had monetary innovation that was millennia ahead of their time, or ours for that matter... |
| On Board Keynes Express to Ruin, Report 24 Mar | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-03-25 | If there is ever a movement to reform our monetary system, it would come from the capitalists, gold bugs, or free-market economists. However, that is not in the cards today. |
| Keynes Was a Vicious Bastard, Report 17 Mar | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-03-18 | Keynes laid out the path to the destruction of civilization itself. And he was smarter than most of his critics. |
| Keith Interviewed by Swiss Fintech Magazine '10x10' | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-03-13 | The Swiss fintech information platform and online magazine profiles 'The Next Generation of Finance' for the investment industry. Keith talked about... |
| The Duality of Money, Report 10 Mar | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-03-11 | Keynes’ smug assumption gets it exactly backward. The government is not making capital more abundant, but scarcer. |
| Keith Interviewed on 'Know Your Risk' Radio Show | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-03-06 | Keith was recently invited as a guest on Zach Abraham's 'Know Your Risk' radio show alongside Brent Johnson, CEO of Santiago Capital. The two discuss gold... |
| Is Capital Creation beating Capital Consumption? Report 3 Mar | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-03-04 | Our monetary system is failing. With a falling interest rate, which causes both capital churn and conversion of one party’s wealth into another’s income... |
| Is Lending the Root of All Evil? Report 24 Feb | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-03-03 | Aristotle said, “The most hated sort [of moneymaking], and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural use of it. |
| Central Planning Is More than Just Friction, Report 17 February | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-02-19 | Under monetary central planning, do people work at the same tasks they would have worked? Is the only consequence, that goods have a higher price (due to inflation)? |
| What They Don’t Want You to Know about Prices, Report 10 Feb | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-02-11 | It’s one thing to argue that the central planners haven’t got a metric to help them know the right rate. It’s another to argue that no such metric exists... |
| Quantum Metal Lease #1 (gold) | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-02-11 | Monetary Metals leases gold to Quantum Metal |
| Who Knows the Right Interest Rate? Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-02-04 | We have shown that when the central planner alters either the value of the currency unit or the interest rate that unrecognized losses of capital occur. |
| Modern Monetary Theory: A Cargo Cult, Report 20 Jan 2019 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-01-28 | A cargo cult goes through the motions, and imbues a talisman with magical properties to bring the free goodies. |
| The Dollar Works Just Fine, Report 20 Jan 2019 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-01-22 | Some argue that the dollar isn’t working as a medium of exchange. It is failing in other ways, but not this way. |
| Why Did RadioShack Fail? Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-01-14 | The debasement of the dollar causes destruction of capital. It casts the illusion of profitability over a strategy which is mediocre at best... |
| Surest Way to Overthrow Capitalism, Report 6 Jan 2019 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2019-01-07 | The world is following Lenin’s playbook, as told by Keynes. |
| Rising Rates Falling Assets, Report 30 Dec 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-12-31 | Falling interest rates cause rising asset prices and rising rates cause falling assets. |
| Are Stocks Overvalued, Report 24 Dec 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-12-24 | Everyone knows the Fed debases the dollar, but its distortion of time is not as well understood. |
| Why Do Investors Tolerate It, Report 17 Dec 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-12-18 | It takes two to tango, borrowers who want easy credit and lenders who give it. |
| The Prodigal Parent, Report 9 Dec 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-12-10 | The Baby Boom generation may be the first generation to leave less to their children than they inherited. Or to leave nothing at all. |
| A Golden Renaissance, Report 25 Nov 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-11-26 | The gold standard is about boring old-school stuff like honesty, integrity, trust, and sound credit. |
| The Ultimate Stablecoin, Report 18 Nov 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-11-19 | A gold-redeemable crypto currency is the perfect solution. |
| The Failure of a Gold Refinery, Report 12 Nov 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-11-13 | Republic Metals, a gold refiner failed. It tells us a lot about the state of the gold world. |
| Wizard’s First Rule, Report 4 Nov 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-11-05 | Do you believe that the dollar will lose reserve status, collapse relative to other currencies, and hyperinflate soon? |
| What Can Kill a Useless Currency, Report 28 Oct 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-10-31 | It’s not a matter that people will “get woke”, there are several simple mechanisms that will lead to the death of a currency with negative interest. |
| Useless But Not Worthless | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-10-22 | A major first world currency has been rendered useless, but not (yet) worthless. |
| Interview, Ted Talk, Gold Bug Hope | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-10-18 | Keith Weiner interviewed, Adam Carroll talks about real money (ie paper currency), and Paul Romer waxes eloquent about flawed models. |
| You Can’t Eat Gold, Report 14 Oct 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-10-15 | Food is good for eating, and gold is not. So what? Food is not good as money. So what’s money? |
| The Toxic Stew, Report 7 Oct 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-10-08 | Perverse incentives in Switzerland will lead to perverse behaviors that will cause the perverse outcome of currency collapse. |
| Textbook Falling Interest Behavior | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-10-02 | Classic behavior in the falling interest trend--investment is made in expanded capacity, with explicit intention to drive prices down. |
| Permanent Gold Backwardation, Report 30 Sep 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-10-01 | Gold is in permanent backwardation already, but not where you expect! |
| We Need a Free Market in Interest Rates | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-09-25 | We don't have a free market in interest rates. Monetary Metals is developing one. |
| Why Are Wages So Low, Report 23 Sep 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-09-24 | Wages have been falling since at least 1965. The Left makes the wrong diagnosis and the Right mostly denies it. Here’s why. |
| Never Mind the Bollocks, Here’s the Avocado Toast, Report 16 Sep 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-09-17 | The marginal utility of newly-produced movies is approaching zero, due to falling interest rates. |
| News from Switzerland and Turkey | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-09-13 | Surprisingly soft labor market in Switzerland. Turkey sells a gold bond. |
| Why the Fed Denied the Narrow Bank, Report 9 Sep 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-09-10 | The Narrow Bank would mess up the Fed’s brittle central plan for the economy. |
| Illicit Arbitrage Cut by Tax Cuts and Jobs Act, Report 3 Sep 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-09-04 | Price fixing of interest rates causes conflict. Investors strike back, lobby to end municipal bond refinancing. |
| Why Am I Fighting for the Gold Standard? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-08-31 | I don’t know if I would choose to be alive after collapse. That is, even assuming I would survive the events immediately after—I expect more than 90% to die when energy and food production come to a halt. I fight to preserve civilization. |
| Another Gold Bearish Factor, Report 26 August 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-08-27 | Third world people use gold as collateral to borrow currency. This is all well and good until defaults spike, resulting in the sale of the gold. |
| In Next Crisis, Gold Won’t Drop Like 2008, Report 19 August 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-08-20 | We cannot think of any gold-bearish differences between now and 2008. The differences are all gold-bullish by comparison. |
| Who Would Invest in a Gold Bond? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-08-16 | Nevada should sell gold bonds, to reduce its risk and get out of debt at a discount. And attract capital from all over the world. |
| Monetary Consequence of Tariffs, Report 12 August 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-08-13 | Einstein never proposed a monetary theory of relativity. |
| Monetary Paradigm Reset, Report 5 August 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-08-06 | Most people are not stupid. The problem is that they are stuck in a false paradigm, which blinds them to the truth. |
| Why Did JP Morgan Say “Money is Gold, Nothing Else”? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-08-03 | The basis of banking is credit, is it not? Not always. That is an evidence of the banking, but it is not the money itself. Money is gold, nothing else. |
| Crying Wolf, Report 22 July 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-07-23 | Sure, the world is going to end, but how much credibility remains for those who have predicted 17 of the last 0 ends of the world? |
| Freedom from Financial Repression | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-07-18 | Monetary Metals is on a mission to right this wrong. The company's Gold Fixed Income investment offers an alternative to Financial Repression. |
| The Great Gold Upgrade, Report 15 July 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-07-16 | A path to upgrade from paper to gold. |
| The Great Reset, Report 8 July 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-07-09 | Interest is the only force that can pull gold out of private hoards and into circulation. |
| An Idea Whose Time Has Come, Report 1 July 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-07-02 | Our monetary system is like the French Monarchy under King Louis XVI. |
| The Benefits of Issuing Gold Bonds | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-06-27 | There are fiscal benefits to a government that issues a gold bond. Also to the people and gold miners. And even to government workers and retirees. |
| The Wealth Effect, Report 24 Jun 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-06-25 | The so called wealth effect is the dirty little secret behind central bank attempts to juice up GDP. |
| Social Security Deterioration, Report 17 Jun 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-06-18 | Irredeemable currency causes pensions to fail. The Social Security Board of Trustees recently issued a troubling report. |
| Common Sense Monics, Report 10 Jun 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-06-11 | What they teach in monetary economics today is nothing less than Lysenkoism. |
| Liquidity Preference Rising, Report 3 Jun 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-06-04 | what happens when investors’ time preference is violated? Liquidity is the substitute. |
| But “We Owe It to Ourselves”, Report 28 May 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-05-29 | Declaring “we owe it to ourselves” is breathtaking dishonesty. Yes, some of us owe others of us and the aggregate sum is zero. But you cannot conclude from this that it’s not a problem. |
| Something for Nothing, Report 20 May 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-05-21 | Speculation is where someone gets something for nothing at the expense of someone else who gets nothing for something. |
| Investing in Gold vs Gold Investing | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-05-16 | Those who invest in gold look at the price in dollars whereas gold investors look at the interest rate in gold. Monetary Metals can give your gold interest. |
| The Demand to Hoard, Report 13 May 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-05-14 | A durable rising cycle is when demand to hoard (not to consume) relentlessly outraces supply. We don’t see anything like this dynamic today. |
| Savers are Just Collateral Damage, Report 29 Apr 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-04-30 | Falling interest causes a falling savings rate. Most economists ignore this collateral damage of their central planning goals. |
| Liquidating Civilization, Report 22 Apr 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-04-23 | Pushing interest rates below zero and beyond allows borrowers to destroy capital, and show a profit doing so. This is not sustainable as one eventually runs out of capital. |
| Scottsdale Precious Metals Lease #4 (Gold) | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-04-19 | Monetary Metals® is seeking offers from investors to lease gold to Scottsdale Precious Metals to finance its inventory of high-quality vintage and new jewelry. |
| Gettin’ High on Bubbles, Report 15 Apr 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-04-16 | What the world needs is a stable monetary unit. The path to this stability is not paved by a skyrocketing gold price but with the return of the gold interest rate. |
| Open Letter to Congressman Alex Mooney: H.R. 5404, A Bill to Define the Dollar as a Fixed Weight of Gold | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-04-12 | Thank you for introducing H.R. 5404. I agree with your findings, especially that inflation undermines jobs and retirement. Yet I must say that the dollar cannot now be defined as a weight of gold. |
| Open Letter to Warren Buffett | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-04-10 | Warren Buffett thinks gold is incapable of producing anything. That may have been true in the past but Monetary Metals offers a yield on gold, paid in gold. |
| Milking the Savers, Report 8 Apr 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-04-09 | The reason to own gold is not price speculation. The reason to own gold is to opt out of being a creditor. |
| The Dollar Cancer and the Gold Cure | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-04-05 | In this talk titled the Dollar Cancer and the Gold Cure, I discuss more openly than I ever have before what is Monetary Metals doing, and why are we doing it? |
| The Skyrocket Phase, Report 3 Apr 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-04-03 | Investment is win-win. Speculation is win-lose, where the losses occur during the skyrocket phase, but are only realized during the crash phase. |
| Phone Call from a Bank Manipulator, Special Report 1 Apr, 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-04-01 | After our recent article debunking manipulation, we got a phone call from a man who told us how bank manipulation actually happens in the big banks. |
| Backwardation, the Bank of England, and Falling Prices | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-03-28 | Backwardation indicates physical shortages and is associated with rising prices. So why did the gold price fall from 2013 to 2016 when GOFO was negative? |
| Slaves to Government Debt Paper, Report 25 Mar 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-03-26 | Investors cannot escape from bondage to the Federal Reserve and government debt paper until they stop thinking of the dollar as “Money” with a capital M. |
| Standing Ready to Lease Gold, Report 18 Mar 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-03-19 | Greenspan’s “central banks stand ready to lease gold in increasing quantities should the price rise” is not about price suppression but about backwardation suppression. |
| Open Letter to GATA | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-03-14 | Irredeemable currencies will continue to be used in trade and finance, while they gradually fail drowning in debt. We believe the solution is paying interest on gold to pave the pathway for the world to move forward to the gold standard. |
| Super-Duper-Irrational Exuberance, Report 11 Mar 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-03-12 | By lowering yields central banks create super-duper-irrational exuberance, force-feeding companies more capital than they need. The result? Capital destruction. |
| Inflation Is Not Under Control, Report 3 Mar 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-03-05 | The Fed says inflation is under control as CPI has only risen 2.6 times since 1982. In reality, investors’ Yield Purchasing Power has declined 16 times. |
| Gold is a Giant Ouija Board, Report 25 Feb 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-02-26 | Gold’s trading action is like a giant Ouija Board, with each group of traders having a thumb on it. Why does the price “planchette” move as it does? This is the dynamic we study. |
| Prohibition on Home Storage of Bullion in an IRA | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-02-23 | The Industry Council for Tangible Assets, the voice of rare-coin and precious-metals dealers in Washington, has released a white paper cautioning against home storage of bullion in an IRA. |
| Irredeemable Currency De-tooths Savers, Report 18 Feb 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-02-19 | An irredeemable currency system traps dollars like cattle in a pen and disenfranchises savers: even if dollar holders get out by buying gold, the dollars remain. |
| Take It To The Bank: Interest Rates Won't Rise, Report 11 Feb 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-02-12 | There is a consensus, from Fed propagandists to the gold bugs and everyone in between. Everyone thinks that rates are rising. We say interest rates won't rise. |
| The Fed’s Passive Aggressive Play, Report 4 Feb 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-02-05 | People are asking: are interest rates in a rising cycle? We say the Fed’s timid little rate-hiking adventure is nothing more than a passive aggressive play. |
| Monetary Metals Brief 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-01-29 | Monetary Metals' annual outlook for precious metal markets with forecasts for gold and silver. |
| Monetary Metals Outlook 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-01-29 | Monetary Metals' annual outlook for precious metal markets with forecasts for gold and silver. |
| Shut Down Shoddy Debt, Report 21 Jan 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-01-22 | Government borrows in bad faith as it has no means or intent to repay. Yet people mistakenly believe the government’s bad debt paper is good money. |
| Speculating Our Way to Prosperity, Report 15 Jan 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-01-16 | What is the solution to a mad centrally banked world that thinks a whole society can speculate its way to prosperity, while really only enriching a few? |
| Quantum Change in Gold Demand Continues, Report 7 Jan 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-01-08 | Wall Street sees a robust economy. We see a classic rising-risk-asset, borrow-to-spend, drive up GDP while it lasts boom: but we’re just eating our seed corn. |
| Quantum Change in Gold and Silver Demand, 2 Jan 2018 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2018-01-02 | Something unusual happened in both the gold and silver markets on Thursday, and we are not referring to prices but the spread between spot and futures prices. |
| The Bitcoin Effect, Gold and Silver Report 24 Dec 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-12-26 | Is bitcoin or interest rates causing the falling gold price trend? |
| The Alleged Trump Deregulation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-12-21 | People constantly tell me that Trump is deregulating. What’s the proof? Well I have a personal observation to share: there is no deregulation in banking. |
| Cheering for Bitcoin, Gold and Silver Report 17 Dec 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-12-18 | Bitcoin shows there is a mainstream audience of millions looking for an alternative to the Fed’s failing fiat currency, something no Fed apologist can ignore. |
| What’s the Point, Gold and Silver Report 3 Dec 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-12-04 | The monetary system is moving inexorably towards Armageddon and there is no single better indicator than the gold basis. |
| Da Boyz Whacked Silver Again, Update 28 Nov 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-11-29 | Gold and silver prices dropped on Tuesday as Jay Powell testified before Congress. Gold recovered but silver did not. What accounts for this disparity? |
| The Hyperinflation That Was Not, Report 26 Nov 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-11-27 | We live under an absurd monetary system that sacrifices savers to debtors. Savers cannot escape the credit pen, not even when they hold what they think is money. |
| Inflation and Counterfeit Credit, Report 19 Nov 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-11-20 | We define inflation as the counterfeiting of credit, where a borrower has neither means or intent to repay. And the best example of fraudulent borrowing is … |
| The Cycle of Falling Interest, Gold and Silver Report 12 Nov 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-11-13 | Central banks lower interest rates to compensate for falling marginal productivity of debt. This just buys time while people’s savings are casually disposed of. |
| Falling Discount, Gold and Silver Get Powelled 29 Oct 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-10-30 | In a free market for money, aka gold standard, no one has the power to manipulate interest rates, asset prices, yield purchasing power, or discount rates. |
| What Made Gold Go Up, Update 19 Oct 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-10-20 | What caused gold & silver to go up on the 19th? To answer this we first have to realize that futures and spot two different markets, with two different prices. |
| A Free Market for Goods, Services, and Money | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-10-13 | The solution to the destructive interference of government in money and credit is to rediscover the principles of free markets and begin returning to a gold standard. |
| Stocks Up and Yields Down, Gold and Silver Report 8 Oct 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-10-09 | Falling company earnings and dividend yield and rising debt will create a problem for shareholders. But for now, investors don’t see much downside, only upside. |
| Thoughtful Disagreement with Ted Butler | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-10-04 | Keith Weiner responds to Ted Butler's challenge for someone to thoughtfully disagree with his claim that silver prices are set by a few large speculators. |
| Thoughtful Disagreement with Ted Butler - Gold Basis | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-10-04 | This article follows on from Keith Weiner's response to Ted Butler's Thoughtful Disagreement challenge with a chart of the basis for130 gold future contracts. |
| Yellen Said Something, Gold & Silver Update 20 Sep 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-09-21 | Fed Char Janet Yellen said something and that set off an avalanche of selling but then it was buy the dip! But what really happened to the metals' fundamentals? |
| What Will The Coming Gold Standard Look Like | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-08-04 | Two pseudo gold standards. What do people need from a monetary system? What is the role of the banker? Why does gold circulate or not circulate? A working definition of the gold standard. How do we get from here to there? |
| Against Irredeemable Paper, Report 23 July 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-07-24 | The antidote to the poisonous system of irredeemable paper currency is the gold standard. However, higher gold prices will not cause gold to circulate in the economy. The one thing that can make gold circulate is interest. |
| Stockholm Syndrome Gold Report, 16 July 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-07-17 | Key behaviors in Stockholm Syndrome are positive feelings for their captors, a refusal to work with law enforcement afterwards, and even a belief in the terrorist’s humanity. Key behaviors of investors today show eerie parallels: a desire to bid on dollars with their assets, a refusal to support the gold standard, and even a belief that the dollar is money. |
| Putting the Latest Silver Crash Under a Lens | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-07-12 | On Thursday, July 6 the price of silver crashed. The move was very brief, but very intense. This article looks deeply into the trading action at the time of the crash. |
| Gold and Silver Capitulation Report, 7 July 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-07-10 | The prices of the metals fell $29 and $1.02. We are interested in the fundamentals. Did the market change in a durable way? Are gold and silver being devalued? Is it time to capitulate and avoid the rush? |
| Gold and Silver Price Drop of 3 July, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-07-04 | What happened on 3 July 2017 when price of gold dropped to $1,219, or -1.8%, and the price of silver fell to $16.11, or -2.9%? |
| Silver Is Now Offered At a Discount, Report 2 July, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-07-03 | Have you ever been in a discussion about gold, when someone blurts out “we don’t have enough gold to operate a gold standard!” We have a standard retort. “Oh, that’s interesting. Please tell us how much gold you think would be necessary, and how you calculated it.” We have never heard a coherent answer to this question. Most people just don’t like gold, and will say whatever words they think will dismiss the monetary question entirely, without actually having to address the issues. |
| What Really Happened When Gold Crashed, Monday June 26? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-06-30 | Let’s establish three facts up front. One, the volume of contracts traded was not “millions”. Two, this did not occur while “everyone” was sleeping. Three, there was no single large futures trade that “smashed” the price but a large number of smaller trades, with the largest trade being 296 contracts (close to 1 ton or $36 million). |
| What Is the Gold Fundamental? Report 25 June, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-06-26 | Monetary Metals' views on Steve Saville's fundamental gold model which is based on (1) the real interest rate, (2) the yield curve, (3) credit spreads, (4) the relative strength of the banking sector, (5) the US dollar’s exchange rate, (6) commodity prices, and (7) the bond/dollar ratio. |
| The Fed Rate Hike and Gold, Supply & Demand Report 18 June, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-06-19 | The big news this week comes from the Fed, which hiked the Fed Funds rate 0.25% said it would reduce its balance sheet. The intraday graph of the gold price overlaid with the August basis for Wednesday shows the basis shooting up with the price, then later, the price begins to drop and so does the basis. This relationship is not coincidentaly, it is causal. This is what first speculative buying, then speculative selling, looks like. All in one day. |
| The Anatomy of Brown’s Gold Bottom, Supply & Demand Report 11 June, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-06-12 | Looking at the gold basis and cobasis during Gordon Brown's sale of the UK's gold we ask if gold was becoming abundant due to selling or did something else happen? |
| Stocks, Bonds, Euro, and Gold Go Up, Report 4 June, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-06-05 | The jobs report was disappointing. The prices of gold, and even more so silver, took off. In three hours, they gained $18 and 39 cents. Before we try to read into the connection, it is worth pausing to consider how another market responded. We don’t often discuss the stock market (and we have not been |
| Gold Data Science, Report 28 May, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-05-29 | The price of gold went up $12 this week, and that of silver $0.50. That’s not bad for gold and silver owners, and not good for the vast majority who are all-in on the dollar (though they don’t think of it that way). Since we began publishing this Supply and Demand Report four and a |
| Gnome Underpants Gold Model, Report 21 May, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-05-22 | There is a often-promoted plan to grow your wealth. Here’s the background. The dollar is going to be worthless. Soon! The reason is because [their peeps in high places tell them / the Chinese / end of the petrodollar / historical fiat currencies / Rothschild Jekyll Island Master Plan Private Fed / Fed printing] will |
| A Bumper Under that Silver Elevator, Report 14 May, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-05-15 | If you can believe the screaming headline, one of the gurus behind one of the gold newsletters is going all-in to gold, buying a million dollars of mining shares. If (1) gold is set to explode to the upside, and (2) mining shares are geared to the gold price, then he stands to get seriously |
| Will Gold or Silver Pay the Higher Interest Rate? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-05-09 | This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return with it. This raises an important question. Which interest rate will be higher? The Wrong Approach It’s instructive to explore a wrong, but popular, view. I call it the purchasing power |
| Silver Elevator Keeps Falling, Report 7 May, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-05-08 | The dollar moved strongly, now over 25mg gold and 1.9g silver. This was a holiday-shortened week, due to the Early May bank holiday in the UK. The big news as we write this, Macron beat Le Pen in the French election. We suppose this means markets can continue to do what they wanted to do |
| Silver Takes the Elevator Down, Report 30 April, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-05-01 | Last week, we talked about the effect of the French election on the gold and silver markets, and noted: Of course, traders want to know how this will affect gold and silver. As we write this, we see that silver went down 30 cents before rallying back up to where it closed on Friday. Gold |
| To Frexit or Not to Frexit, Report 23 April, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-04-24 | This was also a holiday-shorted week. As we write this, the big news comes from the election in France. The leading candidate is a banker named Emmanuel Macron, with about 24% of the vote in a 4-candidate race. The anti-euro Marine Le Pen came in second with just over 21%. From the sharp rally in |
| Gold-Silver Divergence, Report 17 April, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-04-18 | This was a holiday-shorted week, due to Good Friday, and we are posting this Monday evening due to today being a holiday in much of the world. Gold and silver went up the dollar went down, +$33 and +$0.53 -64mg gold and -.05g silver. The prices of the metals in dollar terms are readily available, |
| Mea Culpa, Report 9 April, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-04-10 | Dear Readers, I owe you an apology. I made a mistake. I am writing this letter in the first person, because I made the mistake. Let me explain what happened. I wrote software to calculate the gold basis and cobasis (and of course silver too). The app does not just calculate the near contract. It |
| The Balance of Gold and Silver, Report 2 April, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-04-03 | Last week, we discussed the growing stress in the credit markets. We noted this is a reason to buy gold, and likely the reason why gold buying has ticked up since just before Christmas. Many people live in countries where another paper scrip is declared to be money—to picture the absurdity, just imagine a king |
| Putting Pennies in the Fusebox, Report 26 Mar, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-03-27 | Back in the old days, homes had fuse boxes. Today, of course, any new house is built with a circuit breaker panel and many older homes have been upgraded at one time or another. However, the fuse is a much more interesting analogy for the monetary system. When a fuse burned out, it was protecting |
| Technical vs. Fundamental, Report 19 Mar, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-03-20 | We don’t want to fight with people, we prefer to focus on ideas. So let’s compare and contrast ordinary technical analysis with what Monetary Metals does. |
| Why Did Silver Fall, Report 12 Mar, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-03-13 | The question on the lips of everyone who plans to exchange his metal for dollars—widely thought to be money—is why did silver go down? The price of silver in dollar terms dropped from about 18 bucks to about 17, or about 5 percent. The facile answer is manipulation. With no need of evidence—indeed with no |
| Worried You Might Buy Bitcoin or Gold, Report 5 Mar, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-03-06 | The price of gold has been rising, but perhaps not enough to suit the hot money. Meanwhile, the price of bitcoin has shot up even faster. From $412, one year ago, to $1290 on Friday, it has gained over 200% (and, unlike gold, we can say that bitcoin went up—it’s a speculative asset that goes |
| Curious Gold-Silver Ratio That Did Not Fall, Report 26 Feb, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-02-27 | This holiday-shortened week (Monday was President’s Day in the US), the price of the dollar fell. In gold, it fell almost half a milligram to 24.75mg, and prices in silver it dropped 30mg, to 1.7 grams of the white monetary metal. Flipped upside down, gold went up 23 notes from the Federal Reserve, and silver |
| Don’t Short This Dog, Report 20 Feb, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-02-21 | This week, the prices of the metals mostly moved sideways. There was a rise on Thursday but it corrected back to basically unchanged on Friday. This will again be a brief Report, as yesterday was a holiday in the US. Below, we will show the only true picture of the gold and silver supply and |
| Silver Futures Market Assistance, Report 12 Feb, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-02-13 | This week, the prices of the metals moved up on Monday. Then the gold price went sideways for the rest of the week, but the silver price jumped on Friday. Is this the rocket ship to $50? Will Trump’s stimulus plan push up the price of silver? Or just push silver speculators to push up |
| What makes gold good money | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-02-06 | People say that gold is rare this is why it makes good money. To make an analogy to the porridge in Goldilocks, the temperature could not be too cold or too hot. If gold were too common, or too rare, it would not work as money. Think of sand, which is too common, or blue |
| Gold and Silver Divergence, Report 5 Feb, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-02-06 | This week, the prices of the metals went up, with the gold price rising every day and the silver price stalling out after rising 42 cents on Tuesday. The gold-silver ratio went up a bit this week, an unusual occurrence when the prices are rising. Everyone knows that the price of silver is supposed to |
| LBMA 2017 Forecasts (for the US dollar) | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-02-01 | Every year the London Bullion Market Association (LBMA) surveys the top precious metals analysts of bullion banks and consultancy firms for their forecasts for precious metal prices for the year ahead. We look at things a little differently, and would say that the analysts are forecasting the value of the US Dollar, priced in gold |
| Silver Speculators Gone Wild, Report 29 Jan, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-01-30 | This week, the prices of the metals had been up Sunday night but were slowly sliding all week—until Friday at 7:00am Arizona time (14:00 in London). Then the price of silver took off like a silver-speculator-fueled-rocket. It went from $16.68 to $17.25, or 3.4% in two hours. What does it mean? We don’t know. We |
| The Trump Weak Dollar Report, 22 Jan, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-01-23 | The action favored bettors this holiday-shortened week (Monday was Martin Luther King day in the US), with the price of gold up 13 bucks and silver up 26 cents. We noticed a worrisome remark by newly inaugurated President Trump. The strong dollar of the past 20 years, he said, is not good for American competitiveness. |
| A Hint of Gold Backwardation, Report 15 Jan, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-01-16 | Last month, we noted that there could be a trend change in progress. Not only are the prices of the metals rising (which is just a mirror-image of the dollar falling, from 27.6 milligrams of gold just before Christmas to currently under 26mg). But the scarcity of gold as we measure it, using the spread |
| Silver’s Got Fundamentals, Report 8 Jan, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-01-09 | This week was another short week, due to the New Year holiday. We look forward to getting back to our regularly scheduled market action. The prices of both metals moved up again this week. Something very noticeable is occurring in the supply and demand fundamentals. We will give an update on that, but first, here’s |
| Happy New Year, Report 2 January, 2017 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2017-01-03 | This weeks is also a short Report, and also a day later than normal, due to the New Year’s holiday. We hope everyone has a healthy, happy, and prosperous 2017! The prices of the metals moved up last week, except for Friday which was a bump in the road, especially for silver. Below, we will |
| Merry Christmas, Report 26 December, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-12-27 | This will be a short Report, due to the Christmas and Boxing Day holidays (which is also why it is coming out on Monday evening Arizona time, a day later than our usual). We wish everyone a Merry Christmas! The price of gold moved sideways, whereas that of silver had a plunge on Friday. Below, |
| Fed Rate Hike Causes Gold Price Drop, Report 18 December, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-12-19 | The price action was not what most of those in the gold community hoped for (or predicted). The price of gold dropped another $24 and that of silver nearly a whole dollar. The big news of course is that the Fed hiked rates another 25 basis points. So far, stock market speculators don’t seem to |
| Silver Smoking Gun to Stop Dishonest Dealing | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-12-15 | The London Silver Fixing Antitrust Litigation included damaging chat logs provided by Deutsche Bank that reveal manipulation and collusion between bullion bank traders to “shade”, “blade”, “muscle”, “job”, “spoof” and “snipe” the silver market. |
| Friction and Gravity, Report 11 December, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-12-12 | The price action was mixed this week. Those hoping for dollar declines in gold terms were disappointed. However, silver gave them a sop as the price of the buck declined by one one-hundredth of a gram of silver. In Monetarist terms, gold went down $18 and silver up 11 cents. Monetarism, in its insistence that |
| Dang It Gold’s Supposed to Go Up! Report 4 December, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-12-05 | We’ve gone through a succession of events and processes that were supposed to make gold go up. The following list is by no means exhaustive: Quantitative Easing Bernanke’s Helicopter Drops Janet Yellen’s Keynesianism Obama’s Deficits (US government debt is now a hair away from $20,000,000,000—and that’s just the little part of it they put on |
| Good News and Bad News, Report 27 November, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-11-28 | Sometimes, we think that every story in the gold community has the same template: I have inside information to share with you My peeps are telling me that will happen If happens, then the gold price will go ballistic ( will happen, I just know it) So buy gold now, to front-run |
| The Dollar Is Rising, Report 20 November, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-11-21 | “The problem with central banks is that they increase the quantity of money in the same way that the problem with piping sewage into a swimming pool increases the quantity of water.” It’s not really about the quantity, is it? It’s about the quality. We believe that millions of people can see that the quality |
| Backwardation Profit Taking, Report 13 November, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-11-14 | The big news this week is that Donald Trump was elected to be the next president of the United States. Whether due to his comments about restructuring the government debt, tariffs on imported goods, or other economic concerns, many expected news of his election to push up the price of gold. They were wrong. Every |
| Gold Always Wins, Report 6 November, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-11-07 | This week the prices of the metals, as measured in terms of the much-abused and much-hated but much-preferred US dollar, went up. +$28 and +0.66 respectively. That’s a pretty big deal. So big, in fact, that a prominent voice for the use of gold as money tweeted about it. You may want to skip past |
| The Clinton-Comey Effect, Gold Report 30 October, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-10-31 | Twice this week, the prices of the metals spiked. Once on early Monday due to a cause unclear to us. The second on Friday late morning (Arizona time) due to, get this, additional problems for Democrat Hillary Clinton. The stock market dropped at the same time that the prices of the metals surged. Call it |
| Introducing Yield Purchasing Power | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-10-25 | The monetary debate seems artificially limited. On one side is Federal Reserve policy based on discretion. On the other is policy based on rules. It’s Keynes vs. Friedman. It’s central planning of our economy based on the reactive whims of wise monetary planners vs. central planning of our economy based on the proactive rules written |
| Wile E Coyote Gravity Report 23 October, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-10-24 | Another week without much major price action, gold +$16 and silver +$0.12. At least if you look at the closing prices. However on Monday after New York market hours, there was quite a spike in silver. The close was $17.46. The price was up 10 cents by midnight in New York. By the morning before |
| Sideways Silver Market, Report 16 October, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-10-17 | Not much price action at the metals tables in the casino. Gold -$7, and silver -$0.10. Gold to silver ratio unchanged. This will be a brief report, due to the rigors of travel this week. Read on for the only true picture of the fundamentals of the monetary metals. But first, here’s the graph of |
| Partial Silver Crash, Report 9 October, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-10-09 | On 18 September we said, “the market is in the grips of a mini silver mania (we would not dare say bubble, at least not without trigger warnings).” Since then, we have warned every week that the fundamentals of silver were lousy. Last week we said, “Buying silver right now—at least if you’re buying it |
| Deutsche Fuels Silver, Report 2 October, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-10-03 | Last week, it was the Fed’s magic boosting up the price of silver. This week, the slow slide in the silver price resumed, going all week except during peak fear about the woes of Deutsche Bank. When it looked bleakest—and the potential size of the capital-eating fines was highest—there was a wicked little rally in |
| The Fed is Good for Gold, Report 25 September, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-09-26 | It’s almost like magic. The Fed can say something, or in the case of this Wednesday it can say nothing, and gold and especially silver get a boost of rocket fuel. Actually, the Fed said both yes to rate hikes—in the future—and no to a rate hike now. This was good, if not for people, |
| Silver Rocket and Gold Moribund, Report 18 September, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-09-19 | The prices of both metals were down again this week. We would guess that it has something to do with the fact that everyone knows: higher rates are coming to the dollar. The yield on the 10-year Treasury closed the previous week at 1.762% and this week at 1.701%. It may not look like much, |
| Silver Returns Earthward, Report 11 September, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-09-12 | The prices of both metals were down this holiday-shortened (Labor Day in the US) week, especially on Friday. The decline corresponded to a spike in interest rates. Of course everyone watched the action of the stock market on Friday. Whatever the proximate cause, the root is credit. When borrowing to buy assets does not work, |
| The Federal Reserve Report, 4 September, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-09-04 | Why is this issue of the Report entitled the Federal Reserve Report? We chose this headline because the Fed is apparently now the driver of supply and demand of gold and silver. Or at least it’s what speculators in gold and silver expect will drive the decisions of the hoarders, whom the speculators are trying |
| Gold Dividends Shows Demand for Receiving Income in Ounces | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-09-01 | Earlier this week Resolute Mining announced that it was offering shareholders the option to receive their dividend payments in gold directly into a Perth Mint Depository account. The offer is limited to shareholders with more than 5,000 shares, as at a declared dividend of 1.7 cents per share that would only be $85 worth of |
| Gold and Silver Fundamentals Up, Report 28 August, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-08-29 | The dollar exchange rates of the metals fell this week, with that of silver falling more. Friday’s trading action was notable, because at first markets (including the US stock market) interpreted comments by Fed Chair Janet Yellen as “dovish”—i.e. low interest rates will continue. This means rising money supply, and everyone “knows” that that means |
| Swiss Customs Data Indicates Gold Flowing East to West | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-08-25 | Switzerland has just released its gold import/export figures for July and the summary below from www.goldchartsrus.com shows another big month of net exports. Swiss gold flows are worth looking at because Switzerland is home to over 5000 tonnes of refinery capacity (see this BullionStar article for more detail) as well as being a major vaulting |
| Interview with BullionStar on intricacies between the physical and paper gold market | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-08-23 | In April Keith and I met with Torgny Persson and Luke Chua from BullionStar while visiting Singapore to speak at the Mining Investment Asia conference. We both recorded interviews with them and the first one has just been released. Topics covered include: Trends in the physical gold market - flows into ETFs, impact of speculators |
| Silver Is in a Different World, Report 21 August, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-08-22 | Measured in gold, the price of the dollar hardly budged this week. It fell less than one tenth of a milligram, from 23.29 to 23.20mg. However, in silver terms, it’s a different story. The dollar became more valuable, rising from 1.58 to 1.61 grams. Most people would say that gold went up $6 and silver |
| Arizona Considers Issuing a Gold Bond | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-08-18 | The Arizona House of Representatives has convened an Ad Hoc Committee on Gold Bonds. The purpose is to explore if and how the state could sell a gold bond. This is an exciting development, as the issuance of a gold bond would be a major step towards a working gold standard. Yours truly is a |
| Gold and Silver Supply and Demand Report, 14 August, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-08-15 | 'Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it.' |
| Real vs. Nominal Interest Rates | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-08-09 | What are real interest rates vs nominal interest rates? This contrast is a problematic idea. Let’s drill deeper into why and how it's flawed. |
| The Great Silver Bubble, Report 7 August, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-08-08 | The price of gold was down about fifteen Federal Reserve Notes this week. The price of silver was down sixty-two copper-plated zinc pennies. Is the Federal Reserve Note a suitable instrument with which to measure gold? Can one really use debased pennies—which aren’t even made of the base metal copper any more—to measure the value |
| The Dollar Is Going to 1/10,000 Ounce, Report 31 July, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-08-01 | The price of gold was up about thirty bucks this week. The price of silver was up almost seventy cents. Last week, a reader reminded us that in the long run the dollar is going to zero. He said: “At some point in time, unknown to me, the futures market for gold/silver will collapse… and |
| Gold is Not Going to $10000, Report 24 July, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-07-25 | The prices of the metals were down again this week, -$15 in gold and more substantially -$0.57 in silver. Stories continued to circulate this week, hitting even the mainstream media. Apparently gold is going to be priced at $10,000. Jump on the bandwagon now, while it’s still cheap and a bargain at a mere $1,322! |
| Johns Fleeing a Burning Whorehouse, Report 17 July, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-07-18 | The prices of the metals were down this week, -$29 in gold and -$0.05 in silver. However, the gold to silver ratio dropped another fraction of a point. Keith was on a panel this week at FreedomFest, when the moderator asked the panelists for their view about the price of gold. Unsurprisingly, this being a |
| Yin and Yang | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-07-13 | During gold's bear market from 2011, the flow of gold out of ETFs drove the popularity of the West to East narrative not just among goldbugs but also bullion market professionals. It was a life raft I suppose that many clung to, to find hope as the price relentlessly fell, notwithstanding how much gold was |
| A Sense of Foreboding, Report 10 July, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-07-11 | This was a shortened week, due to the American holiday of July 4, celebrating the start of the war that lead to “Amexit”, 240 years ago. The prices of the metals were up this week, +$25 in gold and +$0.48 in silver. The gold to silver ratio dropped a fraction of a point, showing that |
| Silver OMG, Report 3 July, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-07-04 | On Wednesday through Friday, the price of silver spiked massively. It ended the week about $2 higher than the previous week. The last time we recall silver price action like this was about 3 years ago, in August 2013. That one week, the price rose about $2.50. Before that was a week in August 2012, |
| Brexit Drives Gold Frenzy, Report 26 June, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-06-27 | The big news this week was that the British voted to exit the European Union. This was not the outcome expected by pundits, or the polls. “Risk on” assets were relentlessly bid up prior to the vote. For example, S&P 500 index futures had closed the previous Friday, June 17, at 2059. This Thursday, prior |
| Soft and Softer Silver Fundamentals, Report 19 June, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-06-20 | Last week, we asked where then will silver go. Well, the price moved around this week, dipping on Thursday but then rebounding sharply on Friday. It closed up 13 cents from last week. The price of gold rose $24. This week, the Federal Reserve announced that it will not hike rates. Most economists (and traders) |
| Where Then Will Silver Go, Report 12 June, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-06-13 | The price of gold bumped up thirty bucks, and that of silver about one buck. Is this liftoff—when the dollar falls sharply, and the price of each metal in dollar terms skyrockets? Is this the denoument when the gold bug does not get rich, because although his net worth measured in dollar is massively up, |
| The Cost of Bullish Bets, Report 5 June, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-06-06 | There are two views of the markets for the monetary metals. One, as we have discussed many times in this Report, holds that gold and silver will eventually go up so high that those who own the metals will be rich. This is the Schrodinger’s dollar view. Buy gold because the dollar will soon collapse—witness |
| Gold and Silver Aren’t Getting Stronger, Report 29 May, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-05-30 | The dollar moved up, though most people would say gold fell about $40, and silver 32 cents. In the mainstream view, the value of the dollar is 1/N (N is the quantity). So how could the dollar go up? Certainly, the quantity keeps on increasing. Our view is different. If you borrow dollars to buy |
| Revenge of the Fundamentals, Report 22 May, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-05-23 | The price of gold moved down about twenty Federal Reserve Notes, and the price of silver dropped $0.57. The big news is that the gold-silver ratio moved up about 1.5. We hate to say “we told you so,” well, OK. Actually… sometimes there’s a certain je ne said quoi about gloating. *Achem* In all seriousness, the |
| Gold Demand Falling, Report 15 May, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-05-16 | The price of gold moved down about sixteen bucks, while that of silver dropped about three dimes. In other words, the dollar gained 0.3 milligrams of gold and 0.04 grams of silver. We continue to read stories of the “loss of confidence in central banks.” We may not know the last detail of what that |
| Arizona Governor Ducey Vetoes Gold | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-05-13 | In my testimony in support of the gold legal tender bill this year, I discussed failing pension funds. Retirees who count on their pension checks are being told that their monthly check will be reduced by up to 60%. This is devastating to them, obviously. What isn’t obvious is the cause. In the news coverage |
| Should the Gold Price Keep Up with Inflation? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-05-11 | The popular belief is that gold is a good hedge against inflation. Owning gold will protect you from rising prices. Is that true? Most people define inflation as rising prices. Economists will quibble and say technically it’s the increase in the quantity of money, however Milton Friedman expressed the popular belief well. He said, “Inflation |
| Gold Is Slowing, Report 8 May, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-05-09 | The price of gold moved down slightly this week, while that of silver dropped more substantially—1.9%. We don’t see much decrease in the enthusiasm yet from this minor setback. This was a shortened week due to the May Day holiday outside the US. Let’s look at the only true picture of supply and demand fundamentals. |
| Paper Gold Is Rising, Report 1 May, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-05-02 | The price of gold shot up over $60 this week. The price of silver moved up proportionally, gaining over $0.85. The mood is now palpable. The feeling in the air is that of long suffering suddenly turned to optimism. Big gains, if not the collapse of the price-suppression cartel, are now inevitable. The headlines and |
| Grave Silver Mistake | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-04-27 | We came across an article today, talking about silver supply troubles. We get it. The price of silver has rallied quite a lot, so the press needs to cover the story. They need to explain why. Must be a shortage developing, right? At first, we thought to just put out a short Soggy Dollars post |
| Silver’s on Fire, Report 24 Apr, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-04-25 | Another interesting week, in that the price of silver separated from the price of gold. The former went no nowhere, while the latter gained over 4.5%. We get the trading thesis, that if the precious metals are in a bull market, then silver should go up more than gold. Silver is the high-beta gold. It’s |
| The Gold-Silver Opposites Report, 17 Apr, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-04-18 | Well that was interesting. Gold went down over thirty bucks and silver went up over thirty cents. How much longer can this silver rally continue in the face of gold’s nonparticipation? Will speculators really be comfortable bidding silver up to $20 while gold sits at $1200? Do the fundamentals support a higher silver price? How |
| The Precious Metals Conspiracy, Report 10 Apr, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-04-11 | For at least a few weeks now, we have noticed a growing drumbeat from a growing corps of analysts. Gold is going to thousands of dollars. And silver is going to outperform. Reasons given are myriad. Goldman Sachs apparently said to short gold, so if one assumes that the bank always advises clients to take |
| The Gold Money Supply Correlation Report, 3 Apr, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-04-04 | There were some fireworks this week. Gold went up on Tuesday (it was a shortened week due to Easter Monday), from a low of $1,215 to $1,244 over the day, a move of over 2 percent. Silver moved from $15.02 to $15.44, almost 3 percent. What happened on Tuesday to drive this move down in |
| The Voldemort Effect in the Gold Market | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-04-01 | Gold market analysts have for puzzled for years over the unusual behavior of the market and no one has been able to identify the hidden source of demand... |
| Silver Relative Strength Report, 27 Mar, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-03-28 | Gold went down (as the muggles would measure it, in dollars). It dropped almost 40 bucks. Silver fell almost 60 cents. Since silver fell proportionally farther than gold, the gold-silver ratio went up. Why do we keep reiterating that gold goes nowhere, that it’s the dollar which mostly goes down over long periods of time |
| Silver Gone Wild Report, 20 Mar, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-03-21 | Early on Monday morning (Arizona time), silver began to rise. From its close on Friday of $15.46, it ran up to $15.82. Then it began to slide, eventually dropping to $15.17 by midmorning on Wednesday. Then… *BAM* The Fed said not a lot. It will go on manipulating the rate of interest rate to the |
| Supply and Demand Report, 13 Mar, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-03-14 | On the week, the prices of the metals didn’t move all that much. However, the move around 6am (Arizona time) on Thursday is notable. The price of silver spiked up from around $15.12 to $15.64—3.4%—by around 8am. Twelve hours later, the price touched $15.73 before sliding off. We are always interested in the fundamentals, as |
| Gold-Silver Ratio Reversal Report, 6 Mar, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-03-07 | So the price of silver rocketed up 80 cents, while the price of gold jumped $37. Silver is now more expensive than it was two weeks ago; the price decline of last week was more than overcompensated. This pushed the gold-silver ratio down about two whole points, with virtually the whole move on Friday. Last |
| Interest on Gold Is the New Tempest in a Teapot | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-03-02 | Zero Hedge published an article on Canadian Bullion Services (CBS) last week. Other sites ran similar articles. The common thread through these articles, and in the user comments section, is that CBS is committing criminal fraud. Or, if not, then it’s a conspiracy by the Canadian government to confiscate gold. Terms like fractional reserve and |
| Gold-Silver Ratio Breakout Report, 28 Feb, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-02-29 | The gold to silver ratio moved up very sharply this week, +4.2%. How did this happen? It was not because of a move in the price of gold, which barely budged this week. It was due entirely to silver being repriced 66 cents lower. This ratio is now 83.2. It takes 83.2 ounces of silver |
| Gold Costs 80oz of Silver, Report 21 Feb, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-02-22 | The big news is that the gold-silver ratio closed at 80. This is not only a new high for the move. It’s higher than it has been since 2008. It’s also exactly what Monetary Metals has been calling for. Last week, we said the gold fundamental was $1,450 and the silver fundamental was $14.90 (i.e. |
| The Silver Blaze Report, 14 Feb, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-02-15 | Again, we had another big drop in the dollar this week. No, we don’t mean against the dollar derivatives known as the euro, pound, etc. We mean by the only standard capable of measuring it: gold. The dollar fell 1.4 milligrams, to 25.1mg gold. Or, if you prefer, 0.1 grams of silver. For some reason, |
| They Broke the Silver Fix (Part I) | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-02-09 | Last Thursday, January 28, there was a flash crash on the price chart for silver. Here is a graph of the price action. The Price of Silver, Jan 28 (All times GMT) If you read more about it, you will see that there was an irregularity around the silver fix. At the time, the spot |
| They Broke the Silver Fix | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-02-09 | Part I Last Thursday, January 28, there was a flash crash on the price chart for silver. Here is a graph of the price action. The Price of Silver, Jan 28 (All times GMT) If you read more about it, you will see that there was an irregularity around the silver fix. At the time, |
| Possible Silver U-Turn Report, 7 Feb | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-02-08 | Wow, did the dollar move down this week! It dropped more than it has in quite a while. It fell 1.3mg gold, or 0.1g silver. Gold and silver bugs of course are excited, as they look at it as the prices of the metals going up $55 and 72 cents respectively. The collapse of what |
| Possible Sign of Silver Turn, Report 31 Jan, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-02-01 | The price of the dollar was down 50mg gold, to 27.8mg, or if you prefer 0.04g silver to 2.18g. Why do we measure the volatile dollar in terms of gold and silver? There’s nothing else to measure it, certainly not the dollar-derivatives called euro, pound, franc, yen, and yuan. In the common tongue, gold was |
| Monetary Metals Brief 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-01-28 | Monetary Metals' annual outlook for precious metal markets with forecasts for gold and silver. |
| Monetary Metals Yearly Outlook 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-01-26 | Monetary Metals' annual outlook for precious metal markets with forecasts for gold and silver. |
| Silver Goes Foom, Report 24 Jan, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-01-25 | This will be a brief report, as we’re focused on releasing our Outlook 2016 Report which is over 8,000 words of our assessment of the gold, silver, currency, and credit markets. Also, this was a holiday-shortened week (Monday was Martin Luther King Day in the US). But that did not stop the fireworks in silver |
| Won’t Get Fooled Again, Report 17 Jan, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-01-18 | There is a great lyric in Won’t Get Fooled Again by The Who: Then I'll get on my knees and pray We don't get fooled again Remember last week, when the price of silver spiked? On Thursday that week, the price was moving sideways around $14. Then around 5am (Arizona time), the price began to |
| Open Letter to the Banks | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-01-12 | Jamie Dimon, JP Morgan Chase Brian T. Moynihan, Bank of America Michael Corbat, Citigroup Gentlemen: On Friday, I attended a digital money summit at the Consumer Electronics Show. I am writing to you to warn you about the disruption that is about to occur in banking. There are many startups (and larger companies too) that |
| Silver Flash in the Pan, Report 10 Jan, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-01-11 | No doubt, many people were excited on Thursday to see a spike in the silver price. The big news almost seemed like it would be a spike in the silver price. We were not quite so exuberant, tweeting (follow us on Twitter @Monetary_Metals): “What happened to silver supply and demand fundamentals this morning?!” We expected |
| Murphy’s Law of Gold Analysis, Report 3 Jan, 2016 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2016-01-04 | Perhaps it may be lesser known than his other Laws, but Murphy wrote one for the basis analysis. It goes like this. If we observe that the fundamental price.. |
| Supply and Demand Report 27 Dec, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-12-28 | The prices of the metals rose a bit this quiet, holiday week. Merry Christmas! Speaking of Christmas, Keith’s brother who is an amateur woodworker of growing skill, gave him this present on Friday. Regular readers may recognize the design as our logo. Each “M” is made of a single piece of wood. They are stained |
| What Effect Interest Rates | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-12-22 | Soggy Dollars There's this article, saying rising rates are good for gold. It repeats two old errors: gold goes up, and things that cause it (e.g. a collapsing paper currency) are 'good'. We have recently been emphasizing that interest does not correlate well with the price of gold. If you want to speculate on the |
| Janet Yellen Lit the Fuse Report 20 Dec, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-12-21 | The prices of the metals were sagging. Silver was trading around $13.80. On Wednesday, Janet “Good News” Yellen said the magic words. The Federal Reserve hiked the federal funds rate by 25 basis points. The price of silver was surging in anticipation of the news (we assume). Within an hour or so of the announcement, |
| What Silver Rocket? Report 13 Dec, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-12-14 | “That [half a dollar of buying] frenzy was not stackers lining up to buy phyz. It was speculators buying paper. Why does that matter? Speculators, who typically use leverage, can’t hold the market price against the tide of the hoarders. They can push for a while, but they have to close their positions sooner or |
| Silver Rocket Report 6 Dec, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-12-06 | The prices of the metals moved mostly sideways this week. That is, until Friday. Then foom! (Foom is the sound of a rocket taking off.) From 6 to 10am (Arizona time, i.e. 8 to 12 NY time) the price of gold rose from $1,061 to $1,087. Not surprisingly, the silver price rose a greater percentage, |
| Light Thanksgiving Week Report 29 Nov, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-11-30 | In this holiday-shortened week (Thanksgiving), the price of gold dropped $20 and silver 10 cents. Friday, when the price dropped the most, could not have had much liquidity as most Americans were out of work shopping or partying. Whatever they may have been buying, it sure wasn’t gold. We might be inclined to take the |
| Trust and Oil | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-11-26 | Soggy Dollars First, there's a word for someone who buys gold in the hope its price will rise. This word is not investor, but speculator. Second, statistical anomalies cannot be asserted as proof of manipulation. Also, the article is giving the reader the blueprint for a no-brainer way to profit by the mistakes of the |
| Another Look at the Gold Price Drop of 6 November | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-11-24 | The prevailing view in the gold community is that banks are speculators who bet on a falling price. To begin, they commit the casino faux-pas of betting on Do Not Pass at the craps table. When everyone wants the price to go up, the banks seem to want it to go down. Uncool. In contrast |
| Is a 13 or 15 Handle Next for Silver? 22 Nov, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-11-23 | The price of gold dropped six bucks, and silver seven cents. Without much price action, let’s look a few other angles to gain some perspective. First, here’s the chart of both silver and the decidedly not-monetary metal copper. The Prices of Silver and Copper in Gold There’s a good correlation, with the biggest divergence being |
| A 14 Handle on Silver for Now. 15 Nov, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-11-16 | In gold terms, the dollar went up a small 0.15 milligrams gold. The price of the dollar in silver went up considerably more as a percentage, 0.08 grams to 2.18g. Most people would say that gold went down and silver went down (though we continue to ask why should the prices of the monetary metals |
| Gold Price Drop of 6 Nov: Drilling Down | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-11-10 | The price of gold dropped abruptly Friday morning (Arizona time). How much of a drop? $10.30, as measured by the bid on the December future. How abruptly? That move happened in under a second. At first, the price of gold in the spot market did not react. This caused what looks like a massive backwardation |
| A 14 Handle on Silver. Again. 8 Nov, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-11-09 | What’s the difference between the Supply and Demand Report 1 November and the Supply and Demand Report 8 November? Just a minor punctuation change. Last week, we asked (rhetorically) if silver would have a 14 handle again. This week, the market answered. Why yes, yes we can! Silver closed the week, trading at $14.78. This |
| A 14 Handle On Silver Again?! 1 Nov, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-11-02 | The prices of the metals dropped by 20 bucks and 20 pennies this week. In other words, the dollar went up ½ milligram gold or 30 mg silver. It wasn’t the euro, which ended the week unchanged. It wasn’t the US stock market, which ended up seven bucks. What was it? To answer this, we |
| Little Change to Supply and Demand Report 25 Oct, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-10-25 | At the risk of being boring, there’s not a lot to say about the markets for gold and silver this week (and frankly being on a challenging travel itinerary, flying from Vienna to Sydney to give a keynote at the Gold Symposium this week, is part of it). There was a modest drop in the |
| Hedging in the Gold Miners | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-10-20 | There are two ways to run a gold mining company. One respects the simple fact that it is producing money. It is not eager to trade its the money it produces for government paper, legal tender laws be damned. It keeps its books in gold, and produces and trades to earn more money (i.e. gold). |
| And Then There Was None (Backwardation) 18 Oct, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-10-19 | The dollar dropped about half a milligram gold, and 50mg silver. But who wants to read about the universal currency falling, failing? Few people are so barbarous as to think of the dollar’s value as being priced in terms a monetary metal. As all right thinking folks know, the value of these commodities is only |
| The Decline and Fall of Silver Backwardation 11 Oct, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-10-11 | The gold price moved up $18. However, the silver price moved up 60 cents which is a much bigger percentage. The silver community is getting pretty excited. A market trend will often begin when a small number of traders learn something new. As they begin buying (or selling), the price begins to move. Others become |
| Silver Price Spikes, But What Demand 4 Oct, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-10-04 | For a few frenzied minutes, while everyone was sleeping, the price of silver spiked 56 cents. Well, at least the West Coast of America was sleeping. It began at 8:30 in New York, where presumably most traders were not sleeping. And of course, it was afternoon here in London (where Monetary Metals just held a |
| Pure Gold and Soggy Dollars | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-09-30 | We’re going to be introducing some new formats. One of them is quick article links, with the good ones labelled Pure Gold and the bad ones labelled Soggy Dollars. Pure Gold When a Fed-induced boom turns to bust: 'In the lynch-mob atmosphere that inevitably follows the bust cycle of Fed-induced business cycles, it was not |
| Prediction: Gold and Ratio Up, Stocks Down 27 Sep, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-09-28 | The price of gold moved up moderately, and the price of silver moved down a few cents this week. However, there were some interesting fireworks in the middle of the week. Tuesday, the prices dropped and Thursday the prices of the metals popped $23 and $0.34 respectively. Everyone can judge the sentiment prevailing in gold |
| Price Moves and Term Structures 20 Sep, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-09-21 | The prices of the metals moved up a bunch this week, with gold + $32 and silver +$0.55. We have seen some discussion of gold backwardation in the context of scarcity, and hence setting expectations of higher prices. That’s good, as the swings from contango to backwardation and back are the only way to understand |
| Invitation: Event in London Oct 2 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-09-18 | You are cordially invited to a discussion of the economy, markets, interest rates, commodities, speculation, investment, and of course the monetary metals and our unique approach to valuing them. This seminar was successful in New York on Sep 11, and all the seats filled up. Here is the agenda. 1pm to 2:30pm You cannot understand |
| Gold, Silver, and Horse Betting Report 13 Sep, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-09-14 | Consider the sport of betting on the sport of horse racing. It’s actually similar to the analysis of the gold and silver markets. How’s that? First, there is the manic-depressive crowd. Sometimes (as we are told—we don’t hang out at race tracks) the bettors sometimes get overly excited about a horse with slim chances to |
| Supply and Demand Report 6 Sep, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-09-07 | This was a fairly quiet week in the market for the metals, with a min-rally on Thursday especially in silver which hit almost $15. By the end of the week, the price of gold was down $13 and the price of silver was up 3 cents. The action was elsewhere (e.g. equities and currencies). We |
| Invitation: Event in NYC Sep 11 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-09-01 | You are cordially invited to a discussion of the economy, markets, interest rates, commodities, speculation, investment, and of course the monetary metals and our unique approach to valuing them. Here is the agenda. 1pm to 2:30pm You cannot understand what’s happening in the markets with the conventional view. This view says that central banks print, |
| The Gold and Silver Fundamentals, 30 Aug, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-08-31 | Last week, we called for a rising gold to silver ratio. On Wednesday, this ratio hit nearly 80 before backing down a bit by the end of the week. It did not happen with a rising price of gold, rather it was a function of a falling silver price. On Wednesday, the silver price was |
| The Exquisite Market Setup, 23 Aug, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-08-24 | There is an exquisite setup building once again. Tight fundamentals in the gold market apply upwards pressure on the price. For quite a while, we have been saying gold’s fundamental price was around a hundred bucks above the market price. Well, the market price moved up $46 this week. What happened to the fundamental price? |
| Please Join Us on Sep 11 in NY City | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-08-19 | We don’t have a normal economy, or normal markets. We are six years into a so called recovery based on zero interest rates, and it’s obvious that the Fed’s interventions aren’t working. The Fed’s critics, however, are also wrong. The price of crude oil is now at a low not seen since the height of |
| Why Is Gold Becoming Scarcer, 16 Aug 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-08-17 | For quite a while, we have been talking about scarcity in gold. The cobasis for both October and December is positive. These contracts are backwardated. The cobasis for the February 2016 contract is not far from backwardation. The gold market is tight. Why? Let’s explore. Part of the matter is that the price has fallen. |
| Monetary Metals Supply and Demand Report 9 August, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-08-10 | Last week, we left off with this. “Something is happening with gold…” It began in Dec 2008. To understand it, it is necessary to understand two principles. The first is that gold is money and the dollar is credit, which currently has nontrivial value. A dollar is worth 28.4mg gold. To understand the second, let’s |
| Monetary Metals Supply and Demand Report 2 August, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-08-02 | You cannot understand gold if you think it goes up and down, that the dollar is money and therefore the measure of all things, including gold. This is a very bold statement, so let’s look a little closer. Mainstream articles often ask the question if gold is a good inflation hedge, which means: does gold |
| Monetary Metals Supply and Demand Report 26 July, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-07-27 | For those who are speculating on the dollar—i.e. most people—there was good news this week. The dollar rose almost a milligram, to 28.3mg gold. That’s a big gain, and welcome news for those who keep all of their eggs in the one dollar basket, perhaps because they don’t want to risk any of it on |
| Why Are We Here? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-07-23 | I don't mean the meaning of life, the universe and everything. I mean why are we in the gold market? This week and especially today, I have seen so many emails, messages, and articles with the same theme. 'Woe is me.' Seriously? The price of gold dropped $100 in a couple of months, and it's like |
| Lions, Tigers, and Gold Bears, Oh My! | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-07-21 | We can’t count how many articles we saw today, bemoaning gold going down. The price action is bad for gold (whatever that means). China underreported their gold holdings. No, China doesn’t care about gold. No they want the price to go down so they can buy it cheap. No, they want to convince the IMF |
| Monetary Metals Supply and Demand Report 19 July, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-07-20 | The prices of the monetary metals cascaded downward this week, and the ratio of the gold price to the silver price rose accordingly. Many analysts and speculators are puzzled. With everything going on in the world, gold should go up. After all, China released its new gold holdings and the banking system in parts of |
| Monetary Metals Supply and Demand Report 12 July, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-07-13 | Last week, we concluded with this: “So now, for the first time in about two years, the fundamental price of silver is above the market price, about $0.35 over. … Unless you really like to trade the bleeding edge of a signal change, you may not want to jump in here. Silver’s newfound scarcity could |
| Silver Market Change Report 5 July, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-07-06 | The prices of the metals drooped further this shortened week (Friday was a holiday in the US, as the Fourth of July, Independence Day, occurred on Saturday). The S&P 500 index also fell this week, as did crude oil. Markets all over the world are beginning to feel shocks from Greece. As we write this, |
| June 26 Silver Flash Crash: A Forensic Analysis | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-06-30 | On Friday morning, at around midnight (Arizona time), the price of silver had a little crash. It dropped 30 cents in 11 minutes. More importantly, it dropped more than 10 cents in a single second. Then, the price rose above its level before the event. Here is a graph of the event, with each tick |
| Monetary Metals Supply and Demand Report: 28 June, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-06-29 | The price of gold sagged all week. The price of silver took a similar journey, though it was up on Monday. On the week, they were down 25 bucks and 28 cents, respectively. On Friday around midnight Arizona time, there was a flash crash. We will publish a forensic analysis of this event late on |
| They’re Coming to Take Away Your Cash | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-06-16 | The stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason is to take more control. No doubt more power appeals to politicians, and banning cash seems like the next step after mandatory reporting of cash transactions. However, I think there is |
| Monetary Metals Gold to Hit $64,000 Report: 24 May, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-05-25 | The Bloomberg headline thunders, “Chinese Gold Standard Would Need a Rate 50 Times Bullion’s Price”! The text of the article follows up on this assertion with a price of $64,000 an ounce. Since it’s common Internet Knowledge that China is moving to a gold standard, it’s a fact that gold is going to $64,000. Everyone |
| Falling Interest Causes Falling Wages | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-03-19 | Interest rates have been falling for over three decades. Conventional economics has two things to say about this. One, inflation expectations are falling. Monetarists believe that the interest rate is set based on bond traders’ predictions of future price increases. Two, if employment and GDP are weak, then the central bank should increase the money |
| Monetary Metals Supply and Demand Report: 15 Mar, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-03-16 | Last week, we talked about currencies. This week, let’s look at what the dollar is worth. No, we don’t mean purchasing power, which is just the inverse of consumer prices. Every day, every business that wants to remain alive is busy cutting costs. Real prices are in free fall, and some dollar prices too. For |
| Monetary Metals Supply and Demand Report: 8 Mar, 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-03-09 | Last week, we borrowed a phrase from Gandalf in the Lord of the Rings. We said it felt like, “the deep breath before the plunge”. We added, “We don’t necessarily mean a plunge in the price of gold measured in dollars. It could be a plunge in the price of the dollar. And there are |
| A Salvo in the Battle for the Gold Standard | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-02-25 | I wrote what I thought was a fairly simple article for Forbes on Tuesday. I noticed that some people really got it, and they were very excited. However, others were skeptical or asking questions that went into the weeds. The former tells me that I said something important, but the latter says that I said |
| Monetary Metals Brief 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-01-31 | It’s the start of a new year. The question on everyone’s mind is whither the prices of gold and silver? This Brief presents our answer (and the full Monetary Metals Outlook 2015 report gives our reasoning). One approach to the question of price is to draw a line, extrapolating the past trend into the future. |
| Monetary Metals Yearly Outlook 2015 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-01-30 | We have consistently been making the contrarian call for a falling silver price and a rising gold to silver ratio for years. This leads to the logical question. Are we ready to change our call yet? This being the start of a new year, we wanted to take the opportunity to look at this question |
| The Swiss Franc Will Collapse | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-01-28 | I have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it. One cannot explain the collapse of this currency with the conventional view. “They will print money to infinity,” may be popular but it’s not accurate. The coming destruction has nothing to |
| In America, Government Pays You Interest. In Switzerland, You Pay Government. | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-01-21 | The old joke is, “(with a Russian accent) In America, you correct newspaper, but in Soviet Union, newspaper corrects you.” Switzerland is now experiencing the bond market equivalent. In America, the government pays you to borrow but in Switzerland you pay the government. All Swiss bonds have a negative yield out to 9 years. Negative |
| Crude Oil Supply and Demand | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2015-01-12 | We don’t normally analyze the crude oil market. However, there has been a huge price move (which may not be complete yet). With the endless rumors of deals that explain the move, we thought we would look at the spreads. The data shows a startling picture. You should approach supply and demand in this market |
| Going All-In On a Weak Argument | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-12-31 | In Poker, to go all in means to bet everything you have. I do not think it is an exaggeration to say that gold advocates have gone all in on inflation... |
| Supply and Demand Update 2 Dec | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-12-02 | This is a brief follow up on the Supply and Demand Report of 30 November. In that report, we observed an extraordinary development in the gold market. We made several predictions, which came true almost immediately. We don’t always expect this to happen, but today we think it’s worth looking at what we said and |
| A Signal of Coming Collapse | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-11-06 | I proposed seven drivers of financial implosion in my dissertation. My recent writing has focused on two of them. One is the falling rate of interest on the 10-year government bond. As interest falls, the burden of debt rises. Since the falling rate incentivized more and more people to borrow, the number of indebted people, |
| Guest Post: Why is gold mining such a crappy business? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-10-30 | by Steve Saville Below is an excerpt from a commentary originally posted at www.speculative-investor.com on 12th October 2014. That gold mining has generally been a crappy long-term investment for almost five decades is evidenced by the following chart. The chart, much of the data for which were provided by Nick Laird of www.sharelynx.com, shows the ratio of the Barrons |
| Fans of Central Banking Have an Achilles Heel | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-10-26 | Most of my writing about the gold standard is about how it works, and how the paper dollar standard doesn’t. A casual conversation I had with someone recently underscored that there is an even stronger argument. Our opponents, those who support central banking and irredeemable paper money, have to make two cases. One is to |
| 100% of Mainstream Interest Rate Theory is Wrong | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-10-22 | The interest rate is pathological. It’s like an object that gets too close to a black hole. Once it falls below the event horizon, then a crash into the singularity of zero is inevitable. |
| Why is the Gold Standard Urgent? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-10-15 | After President Nixon’s gold default in 1971, many people have advocated a return to the gold standard. One argument has been repeated: consumer prices are rising. While this is true, it wasn’t compelling in the 1970’s and it certainly doesn’t fire people up today. Rising prices—what most people think of as inflation—is a dead-end, politically. |
| Monetary Metals Supply and Demand Report: 5 Oct, 2014 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-10-05 | How much higher can the dollar go? Betting on the Fed’s paper has been one helluva speculation. No doubt the Fed’s credit quality has been falling, but powerful forces are driving it up, such as desperate debtors clutching for cash to calm their creditors (sorry, couldn’t resist). The dollar was up this week, from 25.5 |
| Perception vs. Reality at the Fed | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-10-03 | Last week, a story broke about Fed whistleblower Carmen Segarra. I wrote an article on Forbes about it, Disgruntled Fed Lawyer Blows Whistle on Regulatory Capture. Segarra is a former Fed regulator assigned to supervise Goldman Sachs. She secretly recorded 46 hours of audio from her meetings, during her short stint on site at Goldman |
| A Monetary Cancer Metastasizes in Europe | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-09-24 | The European Central Bank again cut the interest rates it controls. Notably, the deposit rate was moved deeper into negative territory. It is now -0.2% (minus 20 basis points, that is not a typo). The ECB says it’s trying to nudge prices higher, but it’s actually feeding the cancer of falling interest. The linked article |
| The Credit Gradient | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-08-29 | The United States, and every country, is subject to a monetary authority and legal tender laws. Here in the U.S. we have the Federal Reserve, a central bank that plans money and credit. The Fed thought they had perfected their planning (but of course it cannot be perfected). They thought they had ended the boom |
| How Can the State Bank of India Pay Interest in Gold? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-08-13 | How can the State Bank of India make a yield on gold? I asked some of my friends from India this question. I got two basic answers. One way they could is by... |
| Like Dripping Silver Icicles | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-07-28 | I don’t typically emphasize price charts in analyzing the market, however something unusual has been happening in the spot (physical) silver market. It did not happen in the silver futures market, nor in the gold market. I have been bearish on silver because of its supply and demand fundamentals, and the price action shown below |
| Legal Tender Renders Planning Impossible | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-07-24 | There is much confusion over what the legal tender law does. I have read articles, written by people who are otherwise knowledgeable about economics, claiming that legal tender forces merchants to accept dollars under threat of imprisonment. Recently, I wrote a short article for Forbes clarifying how legal tender law works in the US. Legal |
| Monetary Metals Silver Headfake Report: 22 June, 2014 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-06-23 | Something extraordinary occurred this week. On Wednesday, the Fed made a routine announcement. That day, the price of silver was rising, but not out of the normal. Fireworks began on Thursday, and in 6 hours, the price of silver skyrocketed by 5%. We have never before changed the headline or format of the Supply and |
| Barclays Caught Red Handed Manipulating Gold | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-05-27 | It was all over the news last week, both mainstream and gold sites. Barclays was caught manipulating the gold price. They were fined £26M, and forced to pay a client who was damaged by their action. The trader who worked for Barclays, Daniel Plunkett, was also fined and banned from working in the financial sector. |
| The Lazy 1970’s vs. the Frenetic 2000’s | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-05-21 | Many people today see the Fed’s 'money printing' and remembering what happened in the 1970’s jump to conclusions. However, we live in a different world. |
| The End (of the Silver Fix) Is Nigh | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-05-15 | For a long time, many in the gold and silver communities have been say that the prices of the monetary metals are manipulated. Recently, one particular allegation came to prominence because it was asserted by the German regulator BaFin. This allegation is that the members of the London Fixes for gold and silver are using |
| Monetary Metals Supply and Demand Report: 11 May, 2014 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-05-12 | This was another short week, with Monday a bank holiday in the UK. Through Tuesday, the prices of the metals seemed to want to hold onto the increase that was sparked by an unemployment report. It wasn’t until Wednesday that the prices began to sag, almost but not quite to the pre-unemployment report levels again |
| Gold and Silver Speculation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-04-10 | There is a stark difference between the states of the markets for the monetary metals. The number of open futures contracts in gold is low, while in silver it’s high. First, let’s look at the data and then we’ll discuss what it means. Here is the graph showing the open interest. The picture is clear |
| Why Was China Carrying Gold? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-04-03 | Zero Hedge has run an excellent article explaining the use of commodities, beginning with copper, to work around the Chinese government’s imposed capital controls[1]. Capital controls are intended to prevent arbitrage between the dollar interest rate and the yuan interest rate, which is much higher. To keep this gap open, and prevent the arbitrage—aka hot |
| Gold Arbitrage and Backwardation Part III (Gold as a Commodity) | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-03-30 | In Part I, we discussed the concept of arbitrage. We showed why defining it as a risk-free investment that earns more than the risk-free rate of interest is invalid. There is no such thing as a risk-free investment, and in any case economics must be focused on the acting man rather than theoretical constructs. We |
| The National Debt Cannot Be Paid Off | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-02-27 | Government spending is out of control and, while most say they want spending cuts, people oppose cuts that impact them. Among those who get government money, there’s practically an unspoken, unbreakable pact to keep the money coming. But when I say that the national debt cannot be paid off, it’s not a political forecast; it’s |
| Guest Post: Western Bank Exposure to Mainland China Explodes Higher – Australia Vulnerable | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-02-18 | Author Pater Tenebrarum, Acting Man We recently cited the work of Sean Darby, equity strategist at Jefferies, regarding the exposure of Hong Kong banks to the Mainland (see: “How Dangerous is China's Credit Bubble for the World” for details). Although Hong Kong is technically part of China, it is a foreign country in terms of its |
| Gold Arbitrage and Backwardation Part II (the Lease Rate) | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-02-04 | In Part I, we discussed the concept of arbitrage. We showed why defining it as a risk-free investment that earns more than the risk-free rate of interest is invalid. There is no such thing as a risk-free investment, and in any case, economics must be focused on the acting man rather than theoretical constructs. We |
| Bitcoin, Gold, and the Quantity of Money | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-01-29 | The popular view today is based on the linear Quantity Theory of Money. It seems to be common sense. If more units of a currency are issued, then logically... |
| Gold Arbitrage and Backwardation Part I | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-01-21 | Professor Tom Fischer has written three papers[1][2][3] about gold backwardation and arbitrage. Across these three papers, he makes a case against the ideas of Professor Antal Fekete. I write this response solely on my own behalf. I do not speak on behalf of Fekete or his New Austrian school of Economics. I have two motivations |
| The Curious Widening of the Bid-Ask Spread in Silver | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-01-14 | Last week, I wrote about a curious development in silver. The bid-ask spread widened in November and December. My article concluded: One should regard this as another type of rot in the core of the system. The point of my dissertation is that narrowing spreads is a sign of increasing economic coordination, and widening spreads |
| A Curious Development in Silver | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2014-01-07 | I write frequently about supply and demand in the monetary metals, gold and silver. I’ve argued that one cannot just look at numbers pertaining to “famous” buyers or sellers like India or the People’s Bank of China, while ignoring thousands or millions of anonymous people who are on the other side of the trade. Who |
| Gold and Silver Sentiments Violently Diverged in 2013 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-12-27 | There are two reasons why people buy gold and silver. The first is that they’re the monetary metals. Many people don’t want more than a certain exposure to the risks of the banking system. They hold dollars for liquidity and beyond that trade them for metallic money. This money is not for trading. The second |
| Help us select our new logo | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-12-11 | We are in the process of upgrading our corporate image. Would appreciate your feedback on the following logo options. Please leave a comment on this post with your favorite option (1,2,3,or 4). |
| Rising Interest Rates Spoil the Party | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-12-10 | I originally wrote this in September 2013. It is just as relevant now in December. The big news in America is that the rate on the 10-year Treasury bond has risen dramatically from around 1.6% to over 2.9%. This is 130 basis points from a starting point of 160, or an increase of more than |
| Oscillation, Feedback, and Resonance | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-09-18 | I just saw this fascinating video of a bunch of metronomes that begin ticking out of sync with one another, but slowly line up until they all beat in unison. I really love the title slide where it says “NONLINEAR DYNAMICAL SYSTEMS”, how apropos! Watch the video, the outcome is counterintuitive. The metronomes show some principles |
| Measuring Gold and Silver Supply and Demand | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-09-09 | Markets on the edge: A setup for volatility The ghosts of policies past continue to haunt today’s macroeconomic halls. Global... Read moreEarn a 4% return on your gold in our latest gold lease opportunity Monetary Metals gold fixed-income leases and bonds Monetary Metals delivers a Yield on Gold, Paid in Gold® through two distinct... Read more5 responses to “Measuring Gold and Silver Supply and Demand” - |
| Introduction to the Monetary Metals Supply and Demand Report | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-09-09 | The Monetary Metals Supply and Demand Report is the only accurate picture of the fundamentals of the gold and silver markets. |
| Gold Confiscation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-09-05 | It is well known that in 1933, President Roosevelt confiscated the gold of U.S. citizens and made possession of gold illegal. He gave gold owners about $20 an ounce and when he was done, he raised the gold price to $35. The common telling of this story portrays it as a simple case of robbery. |
| Don’t Trade Last Week’s Silver Story! | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-08-20 | Since February of this year, there has been at least one silver contract in backwardation. Since May 31, the September contract has been backwardated. But that has now come to an end. Before we get to the graphs, let’s define our terms. Some people look at a graph of (cleared trade) prices. If they find |
| Selling Low and Buying High: Hedging by the Gold Miners Part II | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-08-19 | To use an analogy, the benefit of having bought a fire insurance policy is that the insurance company will pay for the damage when your house is on fire. |
| A Picture of Gold Availability Update | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-08-01 | The December gold future went into backwardation today, July 31. Below, we show the dates when previous gold contracts went into backwardation. As you can see, it is creeping farther and farther out. This is a picture of gold availability to the market drying up. – Apr first backwardated Feb 15, 30 trading days before |
| What Drives Negative GOFO and Temporary Gold Backwardation? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-07-25 | I coined the term temporary backwardation in March of last year. This is what I said: But in the “new normal”, post 2008, the expiring gold or silver future often flirts with or even slips into backwardation for a period before expiry. This is anything but normal. It’s not a sign of imminent financial Armageddon, |
| A Picture of Gold Availability | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-07-09 | The October gold future went into backwardation today, July 8. Below, we show the dates when previous gold contracts went into backwardation. As you can see, it is creeping farther and farther out. This is a picture of gold availability to the market drying up. – Apr first backwardated Feb 15, 30 trading days before |
| Selling Low and Buying High: Hedging by the Gold Miners | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-06-24 | Hedging is a controversial topic, probably as controversial as any I have written about. Nevertheless, I want to share my thoughts and hopefully add something new to the topic. It is general knowledge that the gold miners had adopted hedging during the long years when the gold price was moving sideways to downwards, culminating in |
| Why is Gold Draining out of COMEX Warehouses? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-06-12 | Gold conspiracy theorists have a new bogeyman. Inventories of gold bars held in the COMEX warehouses are falling. This fact is offered to support the stale allegations of “fractional gold” and “manipulation”. They have been predicting a “signal failure” that is coming any day now, like the Great Pumpkin in the Charlie Brown Halloween special. |
| What Do Americans Know About Money? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-06-09 | This video has been submitted into the Amagi Metals video contest www.amagimetals.com |
| Interest Rate Roadkill | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-06-05 | Yield Curve Arbitrage Does a steepening yield curve help bank profits? It depends on whether a bank has already bought long bonds before the steepening curve makes them cheaper. If the banks already own those bonds, then the more the curve steepens, the more it inflicts losses and then the banks have to sell, which steepens the |
| Silver Rises $0.70 on “Fundamentals” (or something) | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-06-04 | Yes, big red candle followed by two big green candles occur at the same time: 6AM - 9AM PDT. Somewhere, a credit spigot opened... |
| Would Gold Bugs Make Sense? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-06-02 | It Wouldn't Make Sense Not to A gold bug argues it would not make sense for the Fed not to manipulate the gold price: If gold isn't suppressed, then the Fed would be leaving it to trade in an open and transparent market Banks can short-sell with impunity because if they take losses they can |
| The Quantitative Beatings will Continue Until Economy Improves | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-30 | The Fed’s purpose, when it comes down to it, is to buy bonds. Under their various “Quantitative Easing” (QE) programs, they sure have bought a lot of bonds. This pushes up the price of the bonds. Since the yield is basically the inverse of the bond price, this means the rate of interest falls. This |
| Monetary Facts | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-28 | Milton Friedman said that if a country had bad economic policies, its currency would weaken, which would restore balance. Imports would drop and exports would rise. Japan's insane policy has so far crushed the yen by 22%. The results? As Mish writes, imports +9.4%, exports +3.8%. Their trade deficit fell to the worst level in decades. |
| What is the Meaning of GLD Gold Outflows? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-24 | A quick glance at the data for ounces held by each Exchange Traded Fund (ETF) shows that right after the crash of 2008, ounces began to pour into GLD. Ignoring a little jitter, there was no significant outflow until 2013. GLD has lost over 20% of its metal so far this year, dropping from about |
| Bernanke “No Tapering”: Silver Goes Up and Down Again | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-22 | In February, I wrote What Drives the Price of Gold and Silver? If there is a credible rumor that the Fed is planning to further extend its “Quantitative Easing”, how would you expect the monetary metals to react? Typically, the gold price would rise and the silver price would rise even more. The question is why. |
| The Dollar Price Rises 33% in Lumber | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-21 | Yesterday, we showed pictures of the price of a dollar in gold, silver, euros, and yen. Here is a picture of the price of a dollar in board-feet of lumber. This is a bit silly, as lumber is not a currency. But it is interesting that it shows the same phenomenon. Also, |
| The Dollar is Going Up | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-21 | Let’s take a look at a few graphs of the dollar, from Feb 1, 2013 through Friday May 17, 2013. Yes, I said graphs of the dollar. I’ve priced the dollar in gold first (of course), then silver, the euro, and even the yen. The pattern is obvious. The dollar is going up. I did |
| Gold:Silver Ratio spikes over 66! | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-20 | Yesterday in the Gold Basis Report, we wrote: '...we reiterate that we are cautious about the price of silver (measured in grams of gold) and think the ratio is more likely to rise than to fall.' Little did we know. As this 5-minute chart shows, the ratio rose to over 66(!) before coming back down |
| Latvian Deflation will Increase their Debt Burden | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-17 | This article claims that falling prices will increase Latvia's burden of debt. It is not falling prices, but falling interest rates, that increase the burden of debt (and it is not just Latvia but the whole world, which has falling interest rates). Think of borrowing at the high level as selling a bond. Think of selling |
| Are Japanese Banks on the Verge of Insolvency? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-17 | '...holdings in [gold] exchange-traded funds fell to the lowest in over four years...' as this article states. But is this a real relationship? Do holdings at the ETF necessarily fall with a falling gold price and rise with a rising gold price? The same thing has not occurred in SLV--amidst an even larger price drop than that of |
| Lies, Damn Lies, and Statistics | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-15 | Homebuilder confidence increased in May. Lumber prices in the last two months? Not so much, down over 20%. When I was a kid, I saw many competing stereo receivers offering higher and higher wattage. It was pretty ridiculous to see these lightweight and flimsy boxes claiming to put out 500 watts or more. Clearly a |
| “Indisputable Proof” | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-14 | Japanese bond yields must be watched carefully now to see if this is the long-awaited collapse into the abyss or if the central bank can ferociously buy enough to stave of disaster for another while yet. |
| Forensic Basis Analysis of Apr 12-15 Gold Crash | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-10 | A forensic analysis of the gold and silver price crash of April 12-15, 2013. Instead of looking at price graphs, let’s look at a graph of the gold basis. |
| A Picture of Capital Destruction in Germany | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-05-02 | Today, the European Central Bank announced that it was cutting interest rates. It also said that it was open to negative deposit rates. We are witnessing nothing less than the metastasis of monetary cancer. A falling interest rate causes the destruction of capital. Here is a picture of the rate falling from over 4% to |
| How Not to Trade the Dollar | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-04-30 | I hope this essay provides some food for thought. It is not my intention to insult or belittle anyone, but using humor and cold logic, to help people understand an abstract topic with many counterintuitive principles. The ultimate goal is to protect what you have and make some more (in that order). Gold is money. |
| The Gold Futures Open Interest Caper | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-04-26 | In the recent Gold Basis Report we published a graph showing at the time of the crash and in subsequent days only a modest decrease in open interest Why did the numbers drop so little? Wouldn’t one expect to see a big drop? |
| Guest Post: Pater Tenebrarum – US Stock Market – Giddy Bulls Abound | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-04-24 | Barron's Big Money Poll Bullish Consensus Reaches a Record High This week's Barron's magazine contains the latest Barron's 'big money' poll. Evidently they interviewed a herd – there was once again near unanimity on a number of markets. The bullish consensus on US stocks clocked in at a new all time high for the Barron's |
| Physical Silver Scarcity: Fact or Fiction | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-04-21 | Markets on the edge: A setup for volatility The ghosts of policies past continue to haunt today’s macroeconomic halls. Global... Read moreEarn a 4% return on your gold in our latest gold lease opportunity Monetary Metals gold fixed-income leases and bonds Monetary Metals delivers a Yield on Gold, Paid in Gold® through two distinct... Read more4 responses to “Physical Silver Scarcity: Fact or Fiction” - |
| What Is Pushing Down the Gold Price? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-04-18 | Let’s start with a question. If you knew that a casino was cheating, if you saw that there was a magnet under the roulette table, would you gamble there? |
| What is Pushing Down the Gold Price: Part II | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-04-18 | The system, based as it is on high and rising leverage, low and falling rates, borrowing short to lend long, and financial engineering, has become very brittle. |
| Bitcoin: Oh Why Did You Have to Crash? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-04-14 | During the recent exponential rise in the price of Bitcoin, there were jokes all over the Internet about the fall of the dollar—more than 80% in Bitcoin terms. Why not measure the value of the dollar in terms of tulips? One must measure the more variable unit with the more constant. Dollars are used to |
| In Irredeemable Paper Money, Savings Is an Illusion | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-04-05 | Markets on the edge: A setup for volatility The ghosts of policies past continue to haunt today’s macroeconomic halls. Global... Read moreEarn a 4% return on your gold in our latest gold lease opportunity Monetary Metals gold fixed-income leases and bonds Monetary Metals delivers a Yield on Gold, Paid in Gold® through two distinct... Read more4 responses to “In Irredeemable Paper Money, Savings Is an Illusion” - |
| Cyprus Collapse Triggers Unintended Consequences | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-04-01 | Some people believe that by imposing losses on investors and reducing the Cyprus banking system liabilities, the European powers have addressed the problems in Cyprus (if harshly). Others think that it was just an unjust tax on depositors. I have written about the sequence of events. Cyprus banks borrowed money and bought Greek government bonds. |
| Why Duration Mismatch Will Always Fail | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-27 | By taking demand deposits and buying long bonds, the banks distort the cost of money. They send a false signal to entrepreneurs that higher-order projects are... |
| Cyprus Forced Into Bailout Deal | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-26 | Do you think that depositors in Cyprus are being taxed? That their money is being taken from them to go to the government in Cyprus or to Europe? Most analysis of the Cyprus bailout is wrong on this point. Cypriot banks are like all banks in one respect. They raise capital to buy assets that |
| BitFlashCrash | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-24 | A flash crash occurs when the bid is either very thin or disappears altogether. Under any selling pressure, the cleared price can fall to any level at least temporarily. By definition and by nature, money is not subject to flash crashes. |
| Euro Backwardation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-21 | Not too long ago, I wrote dollar backwardation. It's happening, not in the dollar, but in the euro in Cyprus. Zero Hedge writes the following. Banks have been closed all week, the threat of loss of part of one's deposits is still there, it is at best uncertain when banks will reopen, and capital controls |
| BitTulip | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-21 | In the 17th century, the price of Dutch tulips ran up to incredible levels before collapsing, ruining many who participated in the first well-documented bubble. We are not knowledgable about horticulture, but we are sure that those Dutch tulips were fine specimens and produced wonderful flowers. And this is where bubbles generally begin. There is |
| Bank Deposits – The Final Backstop | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-19 | Put this in perspective. The government of Cyprus borrowed money it had neither means nor intent to repay. Borrowing, for a government, means selling bonds. The Cyprus banks borrowed money, which for a bank means taking in deposits (among other sources of funds). They used that money they borrowed from their depositors to buy Cyprus |
| Cyprus Targets Its Savers in Bailout Agreement: Part II | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-18 | There is nothing like the pain of real losses to impress a principle deeply into people’s psyches. In Cyprus (and likely in other similarly situated countries) a lesson is now clearer to more people and businesses than it has yet been. The Euro-banking system cannot be trusted. Below are our analysis and predictions. We expect |
| Cyprus Targets Its Savers in Bailout Agreement: Part I | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-18 | After markets closed on Friday, it was announced that Cyprus worked out a deal with the European Central Bank, European Commission, and the International Monetary Fund (“the Troika”). Here is a typical article reporting on the story. Cyrpus has been in desperate need of a bailout, and was in discussions as early as June last |
| U.S. Deficit / GDP | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-15 | A group called 'Being Liberal' posted the following graph to Facebook purporting showing how deficit as a proportion of GDP has fallen from 10% to 4%. The caption implies two things: 1) most Americans are simply ignorant if they think that there is a borrowing or debt problem 2) the deficit is falling (the caption |
| Bitcoin Crashed. Again. | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-13 | When writing about economics (as opposed to trading), one does not expect to be proven right within days of publishing something. Things can take years to play out. On Monday, February 25, we published What Drives the Price of Gold and Silver? In that article, I wrote: If there is a credible rumor that the |
| The Importance of Gold Backwardation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-12 | Gold is in Backwardation! |
| Gold Caught With Its Backwardation Showing | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-05 | With all the discussion on the Internet, some of it confusing, we thought a picture would be worth a thousand words. Backwardation is when there is a profit to decarry the metal. This is the simultaneous sale of metal in the spot market and purchase of metal in the futures market. Selling is on the |
| The Ten Minute Gold Standard | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-04 | Far too many people believe that gold serves no useful purpose. I am therefore publishing this response to The 10 Minute Gold Standard: It’s Much Easier than You Think by Nathan Lewis. Mr. Lewis, a professed advocate of the gold standard, argues that even if we have a “gold standard”, we don’t need actual gold. |
| Silver Perspective | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-04 | As this set of infographics show, more than half of the silver mined throughout history is still in human inventories. Be sure to keep reading and scroll to the bottom. |
| Is Bitcoin Money? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-03 | Markets on the edge: A setup for volatility The ghosts of policies past continue to haunt today’s macroeconomic halls. Global... Read moreEarn a 4% return on your gold in our latest gold lease opportunity Monetary Metals gold fixed-income leases and bonds Monetary Metals delivers a Yield on Gold, Paid in Gold® through two distinct... Read more16 responses to “Is Bitcoin Money?” - |
| U.S. Debt Repudiation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-03-02 | John P. Cochran writes on Zero Hedge about Murray Rothbard's propsal that the government default on its debt: Rothbard’s recommendation: “I propose, then, a seemingly drastic but actually far less destructive way of paying off the public debt at a single blow: outright debt repudiation.” Repudiation is not only a sound economic solution to our |
| Swapping Equity for Debt | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-27 | When I was working out at the gym a few weeks ago, TJ Rodgers was on the Mad Money show on CNBC (I recall this being Friday January 25, but I cannot find video of this show on the Internet). For those who haven’t seen the show, the host, Jim Cramer, affects a loud and |
| Rising Debt Burden and Falling and Rising Rates | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-27 | Three links from Seeking Alpha’s Wall Street Breakfast: Must-Know News today really underscore the intractable debt and interest rate problems in irredeemable currency. Corporate pension deficits soar. The WSJ shines a light on the significant funding gap in corporate pension plans, with the deficit among Russell 3000 companies rising to $441B in 2012 from |
| What Drives the Price of Gold and Silver? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-25 | If there is a credible rumor that the Fed is planning to further extend its “Quantitative Easing”, how would you expect the monetary metals to react? Typically, the gold price would rise and the silver price would rise even more. The question is why. Traders read the headlines and they know how the price “should” |
| February 23, 2013 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-24 | The Last Contango Basis Report The downdraft in the dollar prices of the metals began in late January, with gold just under $1700 and silver over $32. This is not likely news to readers of the Last Contango Basis Report. Gold and Silver Price The purpose of this Report is to shed some light onto |
| The Precise Definition of Inflation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-22 | The distinction between money and credit is not necessarily important to every discussion, but it is vitally important in a discussion about inflation. |
| The Curious Case of Falling Gold and Silver Prices | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-20 | A curious thing happened last week. The prices of both monetary metals have been falling for a week and a half through February 15. No, that’s not the curious part. There is no law of nature that says the prices have to go up, but if they go down it must be artificial somehow. The |
| The Curious Case of Falling Gold and Silver Prices. Part II | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-20 | In Part I , we presented the data for gold and silver price, open interest, and basis. They form a curious combination, which we discuss in this Part II. If open interest is rising, then it means one of two things. Contracts are being created by fresh buyers taking the ask, in which case we |
| Gold Leaps Into Backwardation! | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-18 | Since late January, the February gold contract has been in backwardation. This means that one could make a profit by simultaneously selling a gold bar and buying a February contract. One would still have one’s gold plus a little extra. I coined the term “temporary backwardation” (https://www.monetary-metals.com/temporary-backwardation-the-path-forward-from-2008-3/), to describe this curious and very recent phenomenon. |
| Don’t Short the Treasury Bond Just Yet | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-18 | Keith Weiner discusses why interest rates prior to 1933 was set by the marginal saver and how the saver was removed from this process post 1933. |
| Four-Letter “G” Word Discussed on TV | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-15 | The title of the following video clip is Would Returning to Gold Standard End Currency Wars? Obviously, countries which use gold as money would have to accept the fact that gold cannot be devalued. This would be a huge improvement over today. Michael Woolfolk from Bank of New York Mellon takes the anti-gold position, and Komal |
| Measuring Gold Demand | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-14 | The World Gold Council asserts that gold demand fell 4% in 2012. Can you spot the fallacy? |
| Is this the Beginning of the End? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-14 | The rate of interest on the 10-year Treasury has been ticking up. Some prognosticators are calling for rising rates, trouble at the Treasury (when they roll lower-interest bonds at a higher rate), and the Beginning of The End. Here is a graph to put it in perspective. |
| Blowing Bubbles | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-14 | Investor attitudes have become quite bullish again. Few want corporations to improve their balance sheets. And near-record numbers of them want corporations to spend money on capital projects. Congratulations Dr. Bernanke. You have reflated the credit bubble. Bets that when it bursts this time, the ensuing crisis will be even worse than the one in |
| Oil or Wheat as Money???? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-12 | Why wouldn't oil or wheat or land or bonds work as money? To understand why, think of simpler example: manufacturers money-off coupons. To anyone buying the product, the coupon is worth its face value. So why don't coupons circulate as a kind of currency. Let's say you were planning on buying Charmin bath tissue today. |
| Irredeemable Currencies and the Fate of Europe | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-11 | Markets on the edge: A setup for volatility The ghosts of policies past continue to haunt today’s macroeconomic halls. Global... Read moreEarn a 4% return on your gold in our latest gold lease opportunity Monetary Metals gold fixed-income leases and bonds Monetary Metals delivers a Yield on Gold, Paid in Gold® through two distinct... Read more7 responses to “Irredeemable Currencies and the Fate of Europe” - |
| Why does the “Paper Gold” Price Track the Physical Gold Price? Postscript | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-09 | This article is a follow-up to Part II. I expound upon a point I touched on, and also address some questions raised by readers. First, let’s look at an update of the open interest numbers as of Feb 6. Gold’s open interest actually declined further. Next, here is an update of the bases. The gold |
| The Practical Side of Deflation and Deleveraging | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-09 | Companies with cash beat those without it. The need for cash rises with economic uncertainty. Sure, cash has a low yield, but so what--there aren't many better opportunities anyways. Our competitors get it and the central bank gets it. If you don't get it, try to raise the cash to buy the company? Oh, you |
| Wow! Just wow! | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-08 | This is pretty technical, but in essence X owns junk bonds, so he swaps them for Treasury bonds with a promise to un-swap later. Then X has good collateral to post to buy another asset. Y owns Treasury bonds, so he swaps them for junk bonds. Then he has yield (the 10-year Treasury pays less |
| China Fantasy or China Reality | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-06 | It's become popular to theorize that China is smarter than the US, that China's economy is doing better, that China will rise to surpass the US, etc. This theory is false, in our opinion. China has massive government controls and intrusions into the market throughout the economy. This article (http://www.zerohedge.com/news/2013-01-23/what-really-goes-china) enumerates some of China's problems: |
| Why does the “Paper Gold” Price Track the Physical Gold Price? Part I | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-05 | It’s curious, isn’t it? So-called “paper gold” (a futures contract) has a price that is not only very close to physical gold, but it remains locked to it. This is despite the fact that “paper gold” is reviled in the gold community. I am writing this on Sunday evening with little liquidity in the market, |
| Why does the “Paper Gold” Price Track the Physical Gold Price? Part II | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-05 | In Part I of this article, we looked at arbitrage between the physical metal market and the futures market. We saw that there are arbitrageurs who straddle the spread between these markets, who don’t care about price but about the difference between two prices. They seek to profit, not from a change to the gold price, |
| The Coming Silver Correction | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-03 | Markets on the edge: A setup for volatility The ghosts of policies past continue to haunt today’s macroeconomic halls. Global... Read moreEarn a 4% return on your gold in our latest gold lease opportunity Monetary Metals gold fixed-income leases and bonds Monetary Metals delivers a Yield on Gold, Paid in Gold® through two distinct... Read more4 responses to “The Coming Silver Correction” - |
| Dutch Deflation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-02-02 | A bank, not in the PIIGSC (Portugal, Ireland, Italy, Greece, Spain, Cyrpus) is insolvent. It's in Netherlands. So the government is taking it over. Inflation is an expansion of counterfeit credit. Deflation, a forcible contraction of credit, is the inevitable consequence of inflation. - goal is to 'shore up confidence' - Netherlands' deficit was already |
| Big Debt in Little China | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-31 | - Local governments to borrow for unneeded 'infrastructure' - They acted under orders from Beijing - Unable to pay, they 'rolled the debt over' - Li says it's OK, it takes time to amortize(!) - Yiping says it's fine when duration is mismatched - Peng says everyone does it - Most banks refuse to lend |
| Bailouts and Moral Hazard | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-29 | Bailouts and Moral Hazard are not just for 'banksters'. The money quote from this piece about Nortel's bankruptcy is: 'I'd rather end up on welfare than give our hard-earned assets to these vultures,' Mills said in the statement' Mills admits he is not negotiating in good faith, with a taxpayer bailout of his personal finances |
| Ilinois Credit Downgrade | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-27 | The state of Illinois owes $271B. That they acknowledge. This is owed to someone. Now their credit rating is downgraded again. People should be thinking about the creditors. Who are they? I don't mean vendors of supplies purchased by the state. I mean the bondholders, not just who own state debt but who own the debt |
| The “Housing Recovery” | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-25 | Here is a chart of new homes sold, courtesy of the St. Louis Fed. |
| Is Silver a Good Trade Right Now? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-24 | Report of tightness in the silver market are appearing all over the blogosphere. Does one trade this informaiton, or is there a better way to judge how tight the gold and silver markets really are? And therefore, is there a better way to trade the gold silver ratio |
| Japanese Monetary Policy = Insanity | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-22 | After 20 years of trying to fight deflation, and 10 or 11 rounds of Quantitative Easing, now Japan is trying the same thing again and expecting a different result. Aside from proving that they are insane, it also proves that the widely accepted theory (rising money supply = rising prices and falling currency) doesn't work. |
| Deflation? It’s not about falling prices! | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-22 | Here is what Deflation is really about... - falling real estate values - falling stock market values - falling employment - falling banking system - falling incomes - falling economy That's why governments and central banks are trying so hard to fight it (in vain). http://www.reuters.com/article/2013/01/21/us-spain-banks-protests-idUSBRE90K0N920130121 |
| Impact of Germany’s Gold Repatriation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-20 | Germany has announced that it plans to take home all 374 tonnes of its gold stored at the Banque de France, and 300 out of 1,500 tonnes held at the Federal Reserve Bank of New York (http://www.ft.com/intl/cms/s/0/97970542-5fd2-11e2-b128-00144feab49a.html#axzz2I9UZ7iGA). Bill Gross of PIMCO tweeted: “Report claims Germany moving gold from NY/Paris back to Frankfurt. Central banks don’t |
| EU Ponders Gold Backed Bonds | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-18 | Portugul and Italy consider using their national gold reserves to back new debt issuance. Is this a good idea? |
| Buying Growth, Not Sustainable | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-17 | There is no way to make SS 'actuarially sound', and there is no way for the government to massively distort the economy in a 'business friendly way.' It is not possible to make a sound annuity under an irredeemable currency. The interest rate is falling, which means dwindling income for the annuity. And of course |
| Zero Interest Rate – Bad for Everyone | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-16 | Zero Interest Rate Policy isn't just bad for savers and those living on a fixed income, in other words the people. It is also bad for banks. Net Interest Margin, which should be a major profit center at a bank, if not the profit center, is negative at JP Morgan. JPM Beats Thanks To Ongoing |
| Sandy Relief passes the House today | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-16 | Sandy Relief passes the House today The total is now over $50B. That's over $150 for every man, woman, and child in the country. Most children don't work. Many people are retired. There are people in jail, on the dole, and who work for the government including military (whose cannot by definition help pay for |
| Be Careful What You Wish For | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-16 | Be Careful What You Wish For The German central bank is withdrawing its gold on deposit at the Federal Reserve and bringing it back to Germany (It Begins: Bundesbank To Commence Repatriating Gold From New York Fed). Most gold bugs are thinking about the gold 'price' measured in dollars. They think that this will likely |
| Bye Bye Trillion Dollar Coin | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-12 | Obama's Treasury decides against the trillion dollar coin. Both parties and their voters want the spending to continue. The only real debate is over the pork and scoring points for one's team. Obama must feel he's got the leverage to make the Republicans tap out. http://www.businessinsider.com/treasury-rules-out-trillion-dollar-platinum-coin-2013-1 |
| Problem with GDP | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-11 | The problem with GDP is that government consumption of private capital is positive. The problem with government gradually taking over all aspects of the economy is that even a small cut in spending will send workers to the unemployment line and shutter businesses. http://www.zerohedge.com/news/2013-01-11/35-us-2013-gdp-could-evaporate-due-enacted-tax-hikes |
| Japan Announces Purchase of European Bonds | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-09 | Japan will buy the bonds of the so-called “European Stability Mechanism”. (See http://www.bloomberg.com/news/2013-01-08/japan-to-buy-esm-bonds-using-forex-reserves-to-help-weaken-yen.html ) The ESM is an 80 billion euro pool of capital that can be levered up to 700 billion euros by selling bonds. Supposedly, 200 billion has to be kept safe but that remains to be seen. The ESM is a mechanism |
| The Trillion Dollar Coin | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-08 | There has been much buzz in the past few days about a truly horrible idea. Instead of having to negotiate with Congress to raise the debt ceiling so the Treasury Department can sell more bonds to pay for more spending, why not just mint a trillion-dollar platinum coin? This coin would contain one ounce of |
| Summary of Keith Weiner’s Interview on Capital Account with Lauren Lyster – Debunking the Naked Short Position | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-07 | Last Friday, I was interviewed on Capital Account with Lauren Lyster. We discussed one of the more popular conspiracy theories regarding gold price manipulation. The claim is that a banking cartel is surreptitiously suppressing the price of gold by selling contracts short “naked” (i.e. without having the metal to deliver) in the futures market. We |
| Keith Weiner on Capital Account – Gold and Silver Manipulation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-07 | Keith Weiner discusses Gold and Silver Manipulation with Lauren Lyster on Capital Account. |
| Distortions and Deflation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-04 | Distortions and Deflation There is an interesting article on Zero Hedge with commentary by Bill Gross. There are two take-home points that I'd like to look at: 1. Investment decisions are distorted by low interest rates 2. Is 'deflation' a rising dollar or debt defaults? It seems that corporations actually consider the rate of interest |
| Congress Passes Fiscal Cliff Deal | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-03 | We now see who are 'millionaires and billionaires' in practice. They are individuals with income over $400,000 or married couples with income over $450,000. Their top tax bracket rises from 35% to 39.6%, an increase of 13%. The capital gains tax rate goes from 15% to 20%, an increase of 33%. The temporarily reduced payroll |
| The Laffer Curve And Austrian School Economics | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-02 | The Laffer Maxima is not a hard-wired, intrinsic value of 70 (or 42 for fans of Douglas Adams). Like everything else in the market, it moves around. |
| The Loan: An Exchange of Wealth for Income | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-02 | As the title of this essay suggests, a loan is an exchange of wealth for income. Like everything else in a free market (imagine happier days of yore), it is a voluntary trade. Contrary to the endemic language of victimization, both parties regard themselves as gaining thereby, or else they would not enter into the |
| Subjective Theory of Value | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-02 | The question “what is value” must first be addressed outside the field of economics; it is one of the fundamental questions in the field of philosophy. It is the core of the branch of philosophy known as ethics. For millennia, philosophers debated the nature of value. One view was that value is intrinsic—given by a |
| Open Letter to M. Benjamin Bernanke to Discuss your Misunderstandings about Gold | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-02 | Keith Weiner New Austrian School of Economics Gold Standard Institute M. Benjamin Bernanke Chairman of the Federal Reserve Re: Open Letter to Discuss Your Misunderstandings About Gold Keith Weiner Dear M. Bernanke: You have publicly gone on record with some off-the-wall assertions about the gold standard. What made you think you could get away with |
| Measuring Your Net Worth in Gold | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-02 | Gold Outlook 2025 Report Markets on the edge: A setup for volatility The ghosts of policies past continue to haunt today’s macroeconomic halls. Global... Read more Earn a 4% return on your gold in our latest gold lease opportunity Monetary Metals gold fixed-income leases and bonds Monetary Metals delivers a Yield on Gold, Paid in Gold® through two distinct... Read more |
| January Video Update | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-02 | New Years Resolution: Measure your net worth in Gold. |
| In a Gold Standard, How Are Interest Rates Set? | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-02 | Today, short-term interest rates are set by the diktats of the central bank. And long-term interest rates are set in a “market” in which the central bank is obliged to keep coming back to buy ever more bonds, and speculators front-run the central banks to buy ahead of them. The result has been that, for |
| In A Paper System, All Assets Are Backed by the Treasury Bond | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-02 | The next time someone blurts out that the dollar works just as well as gold (or better than gold!), an explanation of this should shut him up. |
| Inflation: An Expansion of Counterfeit Credit | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-02 | The Keynesians and Monetarists have fooled people with a clever sleight of hand, convincing people to look at inflation to understand the monetary system. |
| Falling Interest Rates Destroy Capital | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-02 | I place the blame for Sudden Capital Death Syndrome on falling interest rates. The key to understanding this is to look at a bond as a security. |
| Falling Interest Rates and Duration Mismatch | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-02 | Corporate executives have a choice. The right thing to do is accurately assess the useful life of the tool, hotel, or whatever they are going to buy with the... |
| Book Review: The Golden Revolution | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-02 | There are many books on the market today about the coming collapse of the global dollar-based monetary system. Many of them purport to help the reader “profit” from the collapse(!) Others are filled (just like the blogosphere from which they often come) with dark, conspiratorial whispers, psychologizing of leaders in government and finance, and preposterous |
| Why Can’t We All Just Net Along | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | Every European country owes money to other European countries. This creates a web of cross-linked debt. Why don’t they just cancel everything but the net debt? |
| The Standard and Poor Downgrade of Uncle Sam | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | If the S&P rating was intended to account for the value of the currency, then how could S&P give the US an investment grade at any time under any circumstances? |
| The Fed’s Decision: “Operation Twist” | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | For months, even before the end of QE2, analysts and prognosticators have been saying the Fed will have to do another QE and another, endlessly. These folks were surprised when it didn’t come last month, and predicted confidently that it would come this month especially because Bernanke extended the September meeting to two days. I |
| Reflections Over 2012 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | The last workweek of the year is complete. Beers were had with friends yesterday, Friday evening. The final shopping trip to the mall was completed today, followed by a good meal with my wife. Now I find myself in a reflective mood, and this is a perfect time to reflect on what an incredible year |
| Permanent Gold Backwardation: The Crack Up Boom | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | The conclusion we can make is that Ludwig Von Mises’ “Crack Up Boom” will be an inevitable consequence of permanent backwardation in gold. |
| Open Letter to Steve Keen | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | 26/04/12 Keith Weiner Dear Professor Keen, I am a monetary scientist and a fan of some of your work. I admire the courage it took for you to call the Australian housing crisis as early as you did, and to make a bet that you would be right. But I came across this video (http://www.youtube.com/watch?feature=player_embedded&v=aqY_DYtp60s#), |
| Open Letter to Hugo Salinas Price | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | Dear Mr. Price: I read your piece: 'On the Use of Gold Coins as Money' (http://www.plata.com.mx/mplata/articulos/arti...iidarticulo=196). I think you ask the right question. This is the elephant in the room. Why do gold and silver not circulate? I love your analogy of the Swiss asserting that they will 'allow' gold to have a monetary role, |
| KeithGram: The ‘Crash JP Morgan’Campaign’ | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | It is now the second anniversary of a campaign to 'crash' JP Morgan by encouraging people to buy silver (see max Keiser http://www.youtube.com/watch?v=H4IBUTHyROs). The idea is that JP Morgan has a large naked short position in silver. If people buy physical silver it will drive the price up and deprive JP Morgan of the metal |
| Irredeemable Paper Money, Feature #451 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | A rise in the rate of interest reduces the burden of debt that has been accumulated previously. And a fall in the rate of interest increases the burden of debt. |
| In Defense of the Corporation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | © April 28, 2012 by Keith Weiner Today, the government of the USA is in an accelerating transition. For the first 100 years (with a few exceptions) the government of the USA existed to set man free from men. The rights of the people were respected by the law and by the courts. And it |
| High Frequency Trading | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | The financial press and alternative investing blogosphere is all abuzz about proposed German controls that attack High Frequency Trading (http://www.cnbc.com/id/49174317). Government always justifies its coercive intrusion into markets by appeal to a sense of the 'public good', and its interference never delivers the goodies as advertises (see my doctoral dissertation for a full explanation of |
| Gold Conspiracy Theories | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | One of the conspiracy theories that's popular in the gold community right now is that when the CME and various brokers increased the margin required to hold silver, this caused the price to fall from $49 to $34. Of course, observing the silver basis does not confirm this claim. Today, Zero Hedge has a short |
| Fractional Reserve Banking | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | The issue is that the bank is contractually obligated to its depositors but will be unable to honor its obligations. This is a mathematical inevitability. |
| Fractional Reserve Is Not the Problem | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | In the United States, there are once again TV commercials advertising Adjustable Rate Mortgages (ARMs) for residential real estate. Today, I saw one from Quicken Loans promoted with the tagline “why pay more in interest charges now just to know what rate you will have in 2018?” (they are offering a 7-year “teaser” rate and |
| Capitalism: Death By A Thousand Cuts | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | Capitalism died with Zero Interest Rate Forevah(TM). Capitalism is long since dead. Whatever the name for today’s failed system is, “capitalism” it is not... |
| Broken Hedges | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | Peter Tchir wrote a piece yesterday describing yet another hole in the banks’ balance sheets: I am not sure I fully understand it, but to me it looks something like this: A bank has a duration mismatch. Its funding is short-term, which means it must be rolled over frequently. This subjects the bank to the |
| Banning Short Selling | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | First, contrary to popular misconception, the purpose of the stock market is not to go up, ratcheting higher and never lower. Its purpose is price discovery. |
| Book Review: Free Market Revolution: How Ayn Rand’s Ideas Can End Big Government | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | In Free Market Revolution, co-authors Yaron Brook and Don Watkins, colleagues at the Ayn Rand Institute, undertook a difficult task. Since Ayn Rand made the case for egoism as the morality of capitalism in Atlas Shrugged (and more pointedly in Capitalism: The Unknown Ideal), numerous books have argued that free markets produce wealth, discussing various |
| A Politically Incorrect Look at Marginal Tax Rates | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2013-01-01 | In my last piece, The Laffer Curve and Austrian Economics, I argued that the “Laffer Maxima” moves depending on where the economy is in the boom-bust credit cycle. I used an example of a marginal restaurant business in the bust phase, which fails when the income tax rate on the people who live nearby rises |
| Open Letter to Ted Butler | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2012-10-03 | Responding Ted Butler's allegations of 'manipulation', by which he means naked selling of silver futures. This is not occurring, and we have data to prove it. |
| Temporary Backwardation: The Path Forward from 2008 | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2012-03-22 | The March silver futures contract first entered backwardation on Mar 9 and with a few zigs and zags has not only remained there but has gone deeper and deeper in. The April gold future just entered backwardation today. See the graph (backwardation is when (Spot(bid) - Future(offer) > 0). We shall see what the coming |
| When Gold Backwardation Becomes Permanent | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2012-03-16 | Permanent gold backwardation leading to the withdrawal of the gold bid on the dollar is the inevitable result of the debt collapse. |
| Falling Currencies | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2012-03-16 | In 1913, the US Congress authorized the creation of the Federal Reserve. Its mandate was limited, but it grew over time to become the central planner of all things monetary. In 1933, President Roosevelt outlawed the ownership of gold. In 1944, the soon-to-be-victorious allied powers signed a treaty at Bretton Woods, agreeing to use the |
| The Decline and Fall of Silver Backwardation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2012-02-22 | On Friday, I published an article in the Daily Capitalist. I was the only one to cover the news of the end of silver backwardation. And I gave my prediction that the price of silver could correct sharply. This piece presents my analysis and theory of what happened. This will necessarily include some educated guesses, |
| Stocks vs. Flows | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2012-02-18 | Today, people who believe that gold is money think that one should hoard gold. They seek to take possession personally. Or when they have it stored professionally, they look for a private vault outside the banking system where they can (hopefully) trust their warehouse receipt. And why shouldn’t they avoid the banking system? Its corruption |
| Gold Bonds: Averting Financial Armageddon | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2012-02-03 | After the near-collapse of the financial system in 2008, a growing number of people have come to realize that our monetary disease is terminal. |
| Debunking Gold Manipulation | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2011-12-07 | Yesterday [Nov 29, as I wrote this on Nov 30], the December gold contract moved sharply into backwardation (it happened in silver also, but let’s focus on gold). This means that one could sell physical and simultaneously buy December to make a profit (please see the graph). So let’s look a little deeper. December basis |
| Videos of my lecture “Irredeemable Currency vs. Gold” | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2011-11-08 | I gave this talk at the Chicago Objectivist Society MiniCon Sep 4, 2011. Here is the full set of 9 videos on youtube for my presentation plus Q&A at the end, posted on this site to archive the links. Irredeemable currency vs gold – 1_9 introduction.wmv Irredeemable currency vs gold – 2_9 the origin of |
| A Socialist’s Proposed Fix for the Economy | Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2011-07-20 | Charles Hugh Smith may not call himself a socialist. But I've always found this altruist, collectivist, populist undertone to his writing. Let's see what he wrote today. http://www.zerohedge.com/article/guest-post-you-want-fix-us-economy-heres-start He has an 8-point plan to fix the economy. The first thing I'll note is that he does not address the punitively low rate of interest set |
| Title | Patent # | Assignee | Status | Filed | Issued | Description |
|---|---|---|---|---|---|---|
| System for trading precious metals in an efficient secondary market | US11386492B1 | Monetary Metals & Co | Granted | 2017-06-29 | 2022-07-22 | A system for trading precious metals in an efficient secondary market facilitates bidding/accepting transactions between a bidder/buyer and an accepter/seller, the system may also facilitates offering/taking transactions between an offeror/seller and a taker/buyer. Alternatively, or in combination, the system may be a true gold leasing system in which title remains with the owner at all times, though the lessee may have physical custody of the metal. Alternatively, or in combination, the system may be a gold backed currency system. |
| Title | Event | Date | Links | Description |
|---|---|---|---|---|
| Greyson Geiler on how to profit with gold | The Gold Exchange Podcast | 2026-02-02 | Recording ↗ | Greyson Geiler, manager of the GoldRush Yield Fund, explains what he's seeing the gold and silver markets and how he plans on capitalizing on the bull run. |
| Jeffrey Christian on metal price spikes | The Gold Exchange Podcast | 2026-01-26 | Recording ↗ | Jeffrey Christian explains why supply, recycling, and investor behavior ultimately limit gold and silver price spikes, and where many investors get it wrong. |
| Hiren Chandaria on global gold demand | The Gold Exchange Podcast | 2026-01-20 | Recording ↗ | Hiren Chandaria, Managing Director, Middle East and Asia Operations for Monetary Metals, gives a masterclass on the state of global gold demand. |
| Dr. Arthur Laffer on supply side economics | The Gold Exchange Podcast | 2026-01-12 | Recording ↗ | The man behind supply side economics, Dr. Arthur Laffer, joins the podcast to discuss trade theory, tax policy, sound money and more. |
| Dana Samuelson on the American gold market | The Gold Exchange Podcast | 2026-01-05 | Recording ↗ | Gold and silver have had a major run up in prices, but Dana Samuelson of American Gold Exchange argues that American buyers are not the ones leading the charge. |
| David Morgan on the silver bull market | The Gold Exchange Podcast | 2025-12-30 | Recording ↗ | David Morgan explains why silver prices have skyrocketed, where silver sits between industrial and monetary metal, and how to prepare for a slowing economy. |
| Gökhan Yılmaz on the Turkish gold market | The Gold Exchange Podcast | 2025-12-22 | Recording ↗ | Gökhan Yılmaz joins the podcast to discuss the Turkish gold market and how the gold economy is operating in a world of rapid currency devaluation. |
| Bob Murphy on recession risks | The Gold Exchange Podcast | 2025-12-15 | Recording ↗ | Economist Bob Murphy joins the podcast to discuss economic predictions of a recession, gold prices, and how debt levels don't seem to matter until they do. |
| Doomberg on the energy wars | The Gold Exchange Podcast | 2025-12-12 | Recording ↗ | Energy analyst Doomberg joins the podcast to discuss the geopolitics, the role of gold as a neutral reserve asset, and the state of US energy dominance. |
| Ronnie Stöferle on gold’s reserve status | The Gold Exchange Podcast | 2025-12-05 | Recording ↗ | Ronnie Stöferle joins the podcast to discuss why gold has overtaken the Euro for the largest central bank reserve asset and what it means for gold owners now. |
| Jeff Deist on financialization | The Gold Exchange Podcast | 2025-11-24 | Recording ↗ | Jeff Deist explains why monetary policy is to blame for companies playing speculatively with their balances sheets as opposed to creating real economic value. |
| David Lin on battling bias | The Gold Exchange Podcast | 2025-11-17 | Recording ↗ | David Lin joins the show to discuss how investors can defeat their biases, consume better media, and what's he's learned from interviewing thousands of guests. |
| Chris Whalen on the tragedy of the dollar | The Gold Exchange Podcast | 2025-11-10 | Recording ↗ | Chris Whalen joins the podcast to discuss how the failing US dollar has reopened an ancient gold arbitrage trade between real assets and paper currencies. |
| Peter Spina on the gold bull run | The Gold Exchange Podcast | 2025-11-03 | Recording ↗ | The dollar’s breaking point might already be here. Peter Spina explains why gold’s next explosion is just beginning — and why the West still hasn’t caught on. |
| Samuel Smith on dividend investing | The Gold Exchange Podcast | 2025-10-28 | Recording ↗ | Samuel Smith, the High Yield Investor, joins to discuss his dividend investing philosophy, the power of gold with yield, and the state of the market. |
| Jeffrey Christian debunks gold myths | The Gold Exchange Podcast | 2025-10-20 | Recording ↗ | Jeffrey Christian, Managing Partner at CPM Group, joins CEO of Monetary Metals Keith Weiner to discuss and debunk some of the myths surrounding gold and silver. |
| Keith Weiner on record gold prices | The Gold Exchange Podcast | 2025-10-07 | Recording ↗ | In this episode, CEO of Monetary Metals Keith Weiner explains why gold isn’t “going up” in price but the value of the dollar is collapsing in slow motion. |
| Alasdair Macleod on the credit bubble | The Gold Exchange Podcast | 2025-09-29 | Recording ↗ | Alasdair Macleod joins the podcast to discuss gold, credit bubbles, and whether the US should fear a coming BRICS currency alliance. |
| Jeff Deist on gold and taxes | The Gold Exchange Podcast | 2025-09-22 | Recording ↗ | Jeff Deist tackles questions on gold, taxes, inheritance, and more. From the international tax implications of gold leasing to strategies for gifting gold. |
| John Rubino on the physical asset bull run | The Gold Exchange Podcast | 2025-09-15 | Recording ↗ | Financial author and analyst John Rubino joins to break down why the so-called “Everything Bubble” could be dangerously close to popping. |
| Henry Yoshida on gold in an IRA | The Gold Exchange Podcast | 2025-09-08 | Recording ↗ | Henry Yoshida of Rocket Dollar joins the podcast to explain how investors can get the most out of their retirement accounts and the future for gold investing. |
| Mario Innecco on the latest gold surge | The Gold Exchange Podcast | 2025-09-02 | Recording ↗ | Mario Innecco joins the podcast to discuss why gold is hitting all-time highs, why debt continues to rise and what it means for the monetary system. |
| Danielle DiMartino Booth on the Fed | The Gold Exchange Podcast | 2025-08-25 | Recording ↗ | Danielle DiMartino Booth joins the podcast to discuss Fed independence, the politization of the central bank, and what gold investors should be thinking about. |
| Jared Dillian on the future for markets | The Gold Exchange Podcast | 2025-08-21 | Recording ↗ | Jared Dillian gives his thoughts on everything from dollar outperformance potentially coming to an end, to what bad habits investors should look to break. |
| Dollar bearishness with Tavi Costa | The Gold Exchange Podcast | 2025-08-18 | Recording ↗ | Tavi Costa of Crescat Capital explains why he believes gold is in a secular bull market and why the structural issues facing the dollar can not easily be fixed. |
| Gene Epstein on debating capitalism | The Gold Exchange Podcast | 2025-08-11 | Recording ↗ | Gene Epstein, former economics editor of Barron's, and founder and moderator of the Soho Forum, joins the podcast to discuss capitalism and the power of debate. |
| Daniel Lacalle on economic nationalism | The Gold Exchange Podcast | 2025-08-04 | Recording ↗ | Daniel Lacalle joins the podcast to explain how countries are navigating the new economic landscape and how gold fits in to the world of economic nationalism. |
| Axel Merk on gold in the AI era | The Gold Exchange Podcast | 2025-07-28 | Recording ↗ | Axel Merk of Merk Investments joins the podcast to discuss gold in the age of AI, and how the nature of the global economy is changing. |
| Judy Shelton’s gold standard revival plan | The Gold Exchange Podcast | 2025-07-21 | Recording ↗ | Former Federal Reserve nominee Judy Shelton joins the podcast to discuss why and how the US should relink its debt to gold through Treasury Trust Bonds. |
| Jeff Deist on the Big Beautiful Bill | The Gold Exchange Podcast | 2025-07-14 | Recording ↗ | Wall Street laughed when retail stepped in. Now retail's holding gold, Bitcoin, and stocks — while the pros are dumping at the bottom. |
| Tony Greer on the revolution in retail | The Gold Exchange Podcast | 2025-07-07 | Recording ↗ | Wall Street laughed when retail stepped in. Now retail's holding gold, Bitcoin, and stocks — while the pros are dumping at the bottom. |
| Will a Fort Knox gold audit happen? | The Gold Exchange Podcast | 2025-06-30 | Recording ↗ | More and more states are taking action and pushing to audit America’s gold reserves. Will an audit of Fort Knox finally happen? Watch the episode to find out. |
| Brent Johnson on gold and the dollar | The Gold Exchange Podcast | 2025-06-23 | Recording ↗ | Brent Johnson explains how Triffin's dilemma became an issue for the rest of the world and what gold with yield means for the global monetary system. |
| David Morgan on the gold to silver ratio | The Gold Exchange Podcast | 2025-06-16 | Recording ↗ | David Morgan joins the podcast to discuss the gold-to-silver ratio and how the ongoing war on cash may impact precious metals investors. |
| Mark Pey on major gold market shifts | The Gold Exchange Podcast | 2025-06-09 | Recording ↗ | Mark Pey, Head of Strategic Relationships for Monetary Metals in Dubai, joins the podcast to explore the convergence of crypto and real-world assets like gold. |
| Keith Weiner’s gold yield outlook | The Gold Exchange Podcast | 2025-06-02 | Recording ↗ | CEO Keith Weiner gives his take on the economic outlook for the remainder of 2025, and the mechanics of earning a yield on gold, paid in gold. |
| Joe Brown on dealing with the debt issue | The Gold Exchange Podcast | 2025-05-27 | Recording ↗ | DOGE has failed to curb government spending. So what now? Joe Brown breaks down the four paths the economy might take from here |
| Adrian Day on gold, miners, and the Fed | The Gold Exchange Podcast | 2025-05-19 | Recording ↗ | Everyone’s watching stock, bond, and gold prices. But Adrian Day argues that the real signals are coming from the data no one’s talking about. |
| Gold trends for 2025 | The Gold Exchange Podcast | 2025-05-12 | Recording ↗ | John Reade of the World Gold Council joins the podcast to discuss demand trends in gold in 2025 and what changes to expect for prices going forward. |
| George Gammon rebelling against the Fed | The Gold Exchange Podcast | 2025-05-06 | Recording ↗ | George Gammon, the rebel capitalist, joins he Gold Exchange podcast to talk about what it takes to survive and thrive in today’s economic order. |
| The US gold market could be about to break | The Gold Exchange Podcast | 2025-04-14 | Recording ↗ | The US gold market could be about to break. Keith breaks down why tariffs could actually destroy U.S. price discovery—and what that means for investors like us. |
| Brian Albrecht: America’s economic trap | The Gold Exchange Podcast | 2025-04-07 | Recording ↗ | Brian Albrecht joins the Gold Exchange podcast to break down how power, policy, and prices really work in the modern economy. |
| Gold versus the S&P 500 | The Gold Exchange Podcast | 2025-04-01 | Recording ↗ | Gold just beat the performance of the S&P 500 again. Here's what 54 years of data really says about where your money works harder. |
| Alexander McCobin on Conscious Capitalism | The Gold Exchange Podcast | 2025-03-24 | Recording ↗ | Ben Nadelstein sits down with Alexander McCobin for a deep dive into his personal journey and insights on building a movement for capitalism. |
| Keith Weiner: The Future of Gold | The Gold Exchange Podcast | 2025-03-17 | Recording ↗ | Tariffs, monetary abuse, & shifting fiscal policies are reshaping the economic landscape while examining why gold remains a critical safe haven amid uncertainty |
| Michael Green: Are Index Funds Hurting Your Portfolio? | The Gold Exchange Podcast | 2025-03-10 | Recording ↗ | Michael Green, Portfolio Manager and Chief Strategist at Simplify Asset Management discusses problems of the passive investing strategies and financial markets. |
| Bob Murphy: Why gold beats MMT | The Gold Exchange Podcast | 2025-03-03 | Recording ↗ | Bob Murphy breaks down Modern Monetary Theory, government debt, and the real cost of money printing on his latest appearance on the Gold Exchange Podcast. |
| Charlie Morris and the Next Big Investment | The Gold Exchange Podcast | 2025-02-18 | Recording ↗ | Charlie Morris, founder of ByteTree, dives into his viewpoints on gold, Bitcoin, and the next big investment shift he sees coming. |
| Money Creation is a Black Hole Draining Your Wealth | The Gold Exchange Podcast | 2025-02-10 | Recording ↗ | Jim Brown explains why bank-created money is killing your wealth and how you can protect your savings. |
| Why Gold Still Rules | The Gold Exchange Podcast | 2025-02-03 | Recording ↗ | Alasdair Macleod says the biggest credit bubble in history is about to pop—and 2025 could be the breaking point. |
| St Onge: Trump vs the Fed | The Gold Exchange Podcast | 2025-01-23 | Recording ↗ | Economist Peter St. Onge reveals how Trump’s second term could reshape the Fed, skyrocket (or sink) gold, and shake up your investments in 2025. |
| Mark Valek: Combining Bitcoin and Gold | The Gold Exchange Podcast | 2024-12-17 | Recording ↗ | Mark Valek joins the podcast to share how to build a sound money portfolio using principles from the Austrian School of Economics. |
| Judy Shelton: How to get Good as Gold | The Gold Exchange Podcast | 2024-12-02 | Recording ↗ | In this episode of the Gold Exchange podcast, esteemed monetary economist Judy Shelton joins to discuss her latest book - How to get good as gold |
| Johnson vs Murphy: De-dollarization debate | The Gold Exchange Podcast | 2024-11-12 | Recording ↗ | Bret Johnson and Robert Murphy explore the implications on global finance, the role of gold going forward, and the resilience of the US dollar. |
| Jeffrey Christian: Do Elections Matter? | The Gold Exchange Podcast | 2024-11-04 | Recording ↗ | Jeffrey Christian explores whether elections impact gold prices and to shed light on when inflation exerts a significant influence on the gold market. |
| Jeffrey Christian: Silver’s Potential Upside? | The Gold Exchange Podcast | 2024-10-22 | Recording ↗ | Jeffrey Christian joins the podcast to discuss the potential upside silver could see in 2024 and beyond. |
| Tom Woods: We are in uncharted territory | The Gold Exchange Podcast | 2024-10-01 | Recording ↗ | Tom Woods joins the podcast to debunk the myths we are taught about central banking and discuss how we can break free from the Fed's economic mismanagement. |
| John Rubino: Real Assets in Unreal Times | The Gold Exchange Podcast | 2024-09-19 | Recording ↗ | John Rubino discuss' owning real assets, how to think about financial bubbles, and the new supply and demand dynamics in the gold and silver markets. |
| Ronnie Stoeferle: A New Gold Playbook | The Gold Exchange Podcast | 2024-08-13 | Recording ↗ | Ronald-Peter Stöferle discuss' why he invested in Monetary Metals, what the new playbook means for gold, and the case for owning gold in 2024 and beyond. |
| What is a precious metals bond? | The Gold Exchange Podcast | 2024-07-12 | Recording ↗ | Keith Weiner explains silver bonds, why the current silver bond offering from Monetary Metals is so historic, and how to think about dollar vs metal yields. |
| David Morgan: The Evolution in Precious Metals | The Gold Exchange Podcast | 2024-07-02 | Recording ↗ | David Morgan joins the podcast to discuss the evolution of the precious metals market, earning a yield on gold and silver, and so much more. |
| How to monetize your gold and silver | The Gold Exchange Podcast | 2024-06-21 | Recording ↗ | Companies that unlocked the productive potential of underutilized resources have taken off in the last decade. What about monetizing underutilized gold and silver? |
| Bryan Caplan: Why Housing Costs DOUBLED | The Gold Exchange Podcast | 2024-06-11 | Recording ↗ | Bryan Caplan joins the podcast to discuss why housing prices continue to rise, what we can do about it, and why everyone seems to hate markets. |
| What is good money? | The Gold Exchange Podcast | 2024-05-17 | Recording ↗ | Jeff Deist and Ben Nadelstein discuss the Quantity Theory of Money, hoarding money as an economic good, and Say's Law. |
| Bob Elliott: Why the Market Hasn’t Crashed Yet | The Gold Exchange Podcast | 2024-05-13 | Recording ↗ | Bob Elliott joins the podcast to discuss the importance of diversification in investment portfolios, gold as a contra currency, and more. |
| What is good debt? | The Gold Exchange Podcast | 2024-05-10 | Recording ↗ | Jeff Deist and Ben Nadelstein discuss the role of intermediaries in today's economy. Are all acts of modern debt and credit creation bad? |
| Michael Gayed: Gold warning signals | The Gold Exchange Podcast | 2024-04-22 | Recording ↗ | Michael Gayed joins the podcast to discuss current market risks, the Yen carry trade, and why he believes some larger institutional players are considering gold |
| Jeff Deist: Pushing back with gold | The Gold Exchange Podcast | 2024-04-19 | Recording ↗ | Jeff Deist explains why gold is becoming more popular and how a yield on gold, paid in gold is increasing the arguments for broader ownership. |
| Is gold an inflation hedge? | The Gold Exchange Podcast | 2024-04-12 | Recording ↗ | Is gold an inflation hedge, store of value, or a safe haven asset? Jeff Deist and Ben Nadelstein discuss narratives surrounding the merits of gold ownership. |
| Jeff Snider: Their System is Malfunctioning | The Gold Exchange Podcast | 2024-03-25 | Recording ↗ | Jeff Snider joins the podcast to discusses the current economic climate, the disconnect between stock market performance and underlying economic indicators. |
| Passive Income in Gold for Real Estate Investors | The Gold Exchange Podcast | 2024-03-11 | Recording ↗ | Dustin Heiner is a real estate investor who was able to make enough passive income from his business to quit his job when he was 37 years old. |
| Eric Brakey: The Free State Project | The Gold Exchange Podcast | 2024-02-28 | Recording ↗ | Eric Brakey joins the podcast to discuss the Free State Project, sound money, cryptocurrency, and strategies for advancing liberty. |
| Northstar & Badcharts: Charting with Gold | The Gold Exchange Podcast | 2024-01-29 | Recording ↗ | Patrick Karim and Kevin Wadsworth of Northstarbadcharts.com join the podcast to talk about charting, gold as money, and answer a rapid-fire question round. |
| The Fate of the Dollar: Brent Johnson, Jeff Deist, Keith Weiner | The Gold Exchange Podcast | 2024-01-04 | Recording ↗ | Brent Johnson, Jeff Deist, and Keith Weiner discuss the fate of the US Dollar at the 2023 New Orleans Investment Conference. |
| Albert Lu: More Pressure Means Bigger Moves | The Gold Exchange Podcast | 2023-12-18 | Recording ↗ | Albert Lu of Luma Financial joins the podcast to discuss market trends in gold, commodities, and where pressure is building for potential explosive upside. |
| Dana Samuelson: Gold Shaking Off Headwinds | The Gold Exchange Podcast | 2023-12-11 | Recording ↗ | Dana Samuelson of AmerGold joins the podcast to talk about the factors affecting gold. Samuelson discusses the resilience of gold facing financial headwinds... |
| Danielle DiMartino Booth: No More Zero Bound | The Gold Exchange Podcast | 2023-12-04 | Recording ↗ | Danielle DiMartinoBooth of Quill Intelligence expresses skepticism about CBDCs, gives arguments for owning gold, and odds on the likelihood of a Powell coup. |
| Adrian Day: Don’t Ignore Opportunity | The Gold Exchange Podcast | 2023-11-20 | Recording ↗ | Adrian Day shares his insights on the economy's resilience, the role of central banks, and the importance of considering investment opportunities beyond the US. Additional Resources Adrian Day Earn a yield on gold, paid in gold The Case for Gold Yield in Investment Portfolios Podcast Chapters [00:00:00]: Adrian Day [00:00:28]: Backstory [00:01:13]: Impact of Interest |
| Dominic Frisby: The Future of Financial Warfare | The Gold Exchange Podcast | 2023-11-17 | Recording ↗ | Dominic Frisby joins the podcast to discuss gold and bitcoin, the future of financial warfare, and if markets rally or wreck from here. |
| Jeff Clark: Battling Black Swans | The Gold Exchange Podcast | 2023-11-15 | Recording ↗ | Jeff Clark joins the podcast to discuss the importance of gold in a portfolio, the impact of higher interest rates, black swan events, and more! |
| Gwen Preston: Structural Cracks Showing | The Gold Exchange Podcast | 2023-11-13 | Recording ↗ | Gwen Preston, the Resource Maven, joins the podcast to discuss the rate hike cycle, the signs of market instability, and the implications for gold |
| Jim Iuorio: Rolling the Monetary Dice | The Gold Exchange Podcast | 2023-11-09 | Recording ↗ | Jim Iuorio joins the podcast to talk about the consequences of deficient spending, and why the Fed is rolling the dice with our monetary system. |
| Jeff Snider: There Is No Alternative… Yet | The Gold Exchange Podcast | 2023-10-30 | Recording ↗ | Jeff Snider joins the Gold Exchange Podcast to discuss the challenges of replacing the dollar and where alternatives stand. Keith and Jeff discuss the need for infrastructure to support the widespread adoption of an alternative currency, the limitations of indicators like the yield curve, and why the economy doesn't work the way you think it |
| Brent Johnson: The Game is Rigged for the Dollar | The Gold Exchange Podcast | 2023-10-16 | Recording ↗ | Brent Johnson joins the podcast to discuss the global economy, the role of gold, and the dominance of the US dollar despite fiscal and monetary madness. |
| Brien Lundin: Fighting the Crisis Cycle | The Gold Exchange Podcast | 2023-10-02 | Recording ↗ | 'They have to come up with shock and awe to get the same effect because the patient is addicted not to easy money, but to ever easier money.' |
| Bob Elliott: The Case for The Contra Currency | The Gold Exchange Podcast | 2023-09-18 | Recording ↗ | Bob Elliott joins to talk about why gold can be better than bonds, why the economy hasn't hit a recession yet, and what it'll take to make asset prices fall. |
| Bryan Caplan: Ugly Economic Truths | The Gold Exchange Podcast | 2023-08-21 | Recording ↗ | Economist and bestselling author Bryan Caplan is back on the podcast to debunk the conventional thinking on democracy, Keynesiansim, education, mental illness, and more. Bryan asks and answers some of the most pressing questions of the day: Should Jerome Powell support abolishing the minimum wage? Does this dress make me look fat? Can free market |
| Ranking States on Sound Money | The Gold Exchange Podcast | 2023-07-31 | Recording ↗ | We discuss how the different states rank when it comes to their laws on gold and silver. Where does you state rank in terms of legal tender laws and taxation? |
| Tavi Costa: Golden Strategy in a Frothy Market | The Gold Exchange Podcast | 2023-07-17 | Recording ↗ | Tavi Costa joins the Gold Exchange to dive into the current state of the markets, discussing the potential risks and opportunities ahead. |
| John Reade: Cold Hard Truths About Gold | The Gold Exchange Podcast | 2023-07-03 | Recording ↗ | You don't get something that's established a 3,000-year history without having some pretty decent qualities. Gold is unique in its ability to... |
| Hugh Hendry: The Acid Capitalist Unfiltered | The Gold Exchange Podcast | 2023-06-18 | Recording ↗ | Hugh Hendry joins the Gold Exchange to talk about the underlying reasons for the coming banking crisis and the failure of the Yuan and the BRICS countries. |
| The Equation the Fed Doesn’t Want to Know | The Gold Exchange Podcast | 2023-06-05 | Recording ↗ | No matter what happens to the interest rate, the return on capital has to be greater than the interest rate because the interest rate is the cost of capital. |
| Ep-60 Doomberg: The Rules Don’t Matter Anymore | The Gold Exchange Podcast | 2023-05-05 | Recording ↗ | Doomberg joins to discuss green energy pivot, whether a nuclear renaissance is possible, why the rules don't matter anymore, and what it means for the future. |
| Ep-59 Spencer Jakab: Meme Stonks and Manic Markets | The Gold Exchange Podcast | 2023-04-24 | Recording ↗ | Is the reverse Jim Cramer fund better than listening to Jim Cramer? Will AI revolutionize finance? Can markets handle veganism? |
| Ep-58 Jeff Deist: Shaping the Future of Money and Credit | The Gold Exchange Podcast | 2023-04-10 | Recording ↗ | Jeff Deist makes his first appearance on the podcastt to talk about why he joined Monetary Metals and what he sees for the future of money and credit. |
| Ep 57 – Danielle DiMartino Booth: Threading the Fed Needle | The Gold Exchange Podcast | 2023-04-03 | Recording ↗ | Which do you think is going to be more likely: That the Fed hikes higher than during Volcker or the Fed funds rate never falls below 4 % ever again? |
| Ep 56 – Jason Cozens: The Solution to Bank Risk is Gold | The Gold Exchange Podcast | 2023-03-20 | Recording ↗ | Jason Cozens, founder and CEO of Glint, discusses the future of money and the role that gold can play in a modern financial system, riddled with banking risks. |
| Ep 54 – EPIC RANT: The Fed’s Demand Destruction is Immoral | The Gold Exchange Podcast | 2023-02-11 | Recording ↗ | An epic rant by Keith Weiner debunking the idea of a soft landing through demand destruction, and the inflation-unemployment trade-off. |
| Outlook for Gold in 2023 | The Gold Exchange Podcast | 2023-02-07 | Recording ↗ | CEO Keith Weiner discusses his outlook on markets and macro, silver demonetization, the impact of rate hikes on gold and silver prices in 2023, and more! |
| Ep 52 – Jeff Snider: Solving the Eurodollar Puzzle | The Gold Exchange Podcast | 2023-01-24 | Recording ↗ | Jeff Snider, Headmaster of Eurodollar University, joins the podcast to talk about the perverse complexities of the Eurdollar system. What even is a Eurodolllar? |
| Ep 51 – Bryan Caplan: Economic Principles for Genuine Justice | The Gold Exchange Podcast | 2022-12-14 | Recording ↗ | Bryan Caplan, Professor of Economics at George Mason University, joins the podcast to talk about his latest book, the minimum wage, betting, and much more! |
| Ep 50 – Brent Johnson: Has the Dollar Milkshake Spilled or Just Begun? | The Gold Exchange Podcast | 2022-12-05 | Recording ↗ | Is the dollar heading to new heights or new lows? Will Powell be able to solve Triffin's Dilemma? Will the financial justice warriors finally be vindicated? |
| Ep 49 – Larry Lepard: Fighting the Broken Monetary System | The Gold Exchange Podcast | 2022-11-28 | Recording ↗ | Larry Lepard, Managing Partner at Equity Management Associates and vocal sound money advocate, joins the Gold Exchange Podcast LIVE in New Orleans! |
| Ep 48 – Peter Boockvar: What Will Cause the Fed to Pivot? | The Gold Exchange Podcast | 2022-11-21 | Recording ↗ | Chief Investment Officer of Bleakley Financial Group Peter Boockvar joins the Gold Exchange Podcast to discuss market dynamics, the Fed pivot, and more! |
| Ep 47 – Lobo Tiggre: The Future of the Dollar, Gold, and Commodities | The Gold Exchange Podcast | 2022-11-07 | Recording ↗ | Lobo breaks down why the tech sector will be hit hard by the 'banana', why the inevitable does not mean the imminent, what it means for commodities, and more!. |
| Ep 46 – Glen Whitman and James Dow: Economics of the Undead | The Gold Exchange Podcast | 2022-10-28 | Recording ↗ | In the last episode of Zombie Month we welcome James Dow and Glen Whitman onto the Gold Exchange Podcast to discuss the Economics of the Undead. |
| Ep 45 – Danielle Lacalle: The Case for the People’s Zombification | The Gold Exchange Podcast | 2022-10-27 | Recording ↗ | Daniel Lacalle discusses the recent fallout in the UK, the pressures building up in the global economy, and the central banks creation of zombie firms. |
| Ep 44 – Dominic Frisby: Inflation of Political Stupidity | The Gold Exchange Podcast | 2022-10-21 | Recording ↗ | Comedian, commentator, and author Dominic Frisby joins Ben and Keith LIVE in New Orleans for a special edition of the Gold Exchange podcast. |
| Ep 43 – Jim Brown: Financial Repression and Zombification | The Gold Exchange Podcast | 2022-10-20 | Recording ↗ | In our latest Zombie Month episode, we welcome 'Hard Money' Jim Brown, a Monetary Metals Board Member, onto the Gold Exchange Podcast to talk zombies and more |
| Ep – 42 Maximilian Göbel: Can Central Banks Slay the Zombie Hordes? | The Gold Exchange Podcast | 2022-10-03 | Recording ↗ | Zombie researcher Maximilian Goebel joins Keith and Ben on the Gold Exchange Podcast to talk about one of the scariest creatures that the Fed has created. |
| Ep 41 – Brien Lundin: Addicted to Ever-Easier Credit | The Gold Exchange Podcast | 2022-09-19 | Recording ↗ | Brien Lundin talks about the New Orleans Investment Conference, the inside scoop on past and future speakers, and how investorsview today's credit environment. |
| Ep 40 – Dan Oliver Jr: Markets Will Force the Fed to Balance | The Gold Exchange Podcast | 2022-09-06 | Recording ↗ | Dan Oliver of Myrmikan Capital joins the Gold Exchange Podcast to talk about the history of credit bubbles, the inevitability of central bank failure, and more. |
| Ep 39 – Tavi Costa: Breaking Down the Pressures on the Market | The Gold Exchange Podcast | 2022-08-23 | Recording ↗ | Tavi Costa of Crescat Capital joins the Gold Exchange Podcast to talk about the current state of the market and what future indicators to watch. |
| Ep 38 – Fighting for Sound Money | The Gold Exchange Podcast | 2022-08-08 | Recording ↗ | Jp Cortez of the Sound Money Defense League joins the podcast to talk about problems with central planning, the morality of sound money, and which states are... |
| Ep 37 – Brent Johnson: The Dollar Milkshake Theory Explained | The Gold Exchange Podcast | 2022-07-25 | Recording ↗ | Brent Johnson joins the podcast to talk about the Dollar Milkshake Theory, why everyone should own gold, and the perversity of the dollar system. |
| Ep – 36 Jim Forsythe, Returning to Sound Money Sanity | The Gold Exchange Podcast | 2022-07-05 | Recording ↗ | Jim Forsythe of Citizens for Sound Money joins the Gold Exchange Podcast to talk about how we can opt-out of dollars and get on the path back to sound money. |
| Ep 35 – Paul Belanger: Evidence Based Wealth | The Gold Exchange Podcast | 2022-06-22 | Recording ↗ | Paul Belanger joins the Gold Exchange Podcast to talk about his gold analysis and how much gold is the 'right amount' to have in an investment portfolio. |
| Ep 34 – The BearLord: A Recession Cometh | The Gold Exchange Podcast | 2022-06-15 | Recording ↗ | We welcome Travis Kimmel, AKA the Dollar Fatalist, the Crusher of Cryptocurrency dreams, the illustrious BearLord, onto the Gold Exchange Podcast! |
| Ep 33 – Legal Tender, Alternative Currencies, and the Federal Reserve with Larry Hilton | The Gold Exchange Podcast | 2022-05-31 | Recording ↗ | In this episode of the Gold Exchange Podcast CEO of Monetary Metals Keith Weiner interviews President of United Precious Metals Association Larry Hilton. |
| Ask Keith Anything, Part III | The Gold Exchange Podcast | 2022-05-02 | Recording ↗ | Welcome to the third installment of our Ask Keith Anything video series. We published the call for questions far and wide to our readership, and the response was overwhelming! We received questions from all over the world. Now we've published the results! In this episode, Keith answers your questions on Bitcoin, supply chain bottlenecks, banking, |
| Ask Keith Anything, Part II | The Gold Exchange Podcast | 2022-04-22 | Recording ↗ | Thanks for all of those great questions you submitted! Make sure you follow us on Twitter, Facebook and LinkedIn and are subscribed to our YouTube Channel! |
| Ask Keith Anything, Part I | The Gold Exchange Podcast | 2022-04-19 | Recording ↗ | Thanks for all of those great questions you submitted! Make sure you follow us so you can submit question and check out all of our podcasts episodes and more. |
| Outlook for Gold 2022 | The Gold Exchange Podcast | 2022-02-07 | Recording ↗ | Last week we published our Gold Outlook 2022 Report which has analysis of inflation, interest rates, Bitcoin, macroeconomics and our price calls. |
| Entrepreneurship and Regulation with Per Bylund | The Gold Exchange Podcast | 2022-02-02 | Recording ↗ | Monetary Metals CEO Keith Weiner interviews Professor of Entrepreneurship at Oklahoma State University Per Bylund on regulation, entrepreneurship and more. |
| Episode 26: Gold in the Time of Coronavirus | The Gold Exchange Podcast | 2022-01-13 | Recording ↗ | This week’s episode of the Gold Exchange Podcast, Keith Weiner interviews independent precious metals advisor Claudio Grass to discuss gold in the coronavirus. |
| Episode 25: The Origins and Machinations of the Federal Reserve | The Gold Exchange Podcast | 2021-12-09 | Recording ↗ | 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. |
| Episode 24: Destructive Profit vs Productive Profit | The Gold Exchange Podcast | 2021-10-14 | Recording ↗ | This week’s Gold Exchange Podcast episode explores the idea of destructive profit vs productive profit. Why the world has confused investment with speculation. |
| Episode 23: The History Behind the Nixon Shock | The Gold Exchange Podcast | 2021-09-01 | Recording ↗ | The history behind the Nixon Shock doesn't begin in 1971, it begins in 1792. Nixon closing the gold window was simply the last in a line of many wrong acts. |
| Episode 22: Reimagining Physical Gold with Adam Trexler of Valaurum | The Gold Exchange Podcast | 2021-07-21 | Recording ↗ | In our increasingly digital reality, innovation in physical gold may seem a bit passé, but not to Dr. Adam Trexler, founder and President of Valaurum. |
| Episode 21: The Debt Reset | The Gold Exchange Podcast | 2021-06-25 | Recording ↗ | There's been talk about resetting the debt. A neglected topic, Keith and John give the debt the attention it deserves in this episode of the Gold Exchange. |
| Episode 20 – The Truth about the so-called Silver Squeeze | The Gold Exchange Podcast | 2021-05-14 | Recording ↗ | The silver squeeze, is it a coming storm? Or a tempest in a teapot? Is there a global shortage of silver? Keith provides some answers in this latest episode. |
| Episode 19 – Bonus Episode! Theory of Interest and Prices Mises Conference 2021 | The Gold Exchange Podcast | 2021-04-15 | Recording ↗ | 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. In this episode, he covers: Was Milton Friedman |
| Episode 18: Outlook for Gold 2021 | The Gold Exchange Podcast | 2021-04-07 | Recording ↗ | Back in February we published Gold Outlook 2021, our annual analysis of the gold and silver markets from CEO Keith Weiner. In it, Keith explained the market players, dynamics, fallacies, and drivers. He also made a call on gold and silver prices for the year. In this week's episode of the podcast, we focus on |
| Episode 17: Why Fedcoin? | The Gold Exchange Podcast | 2021-03-26 | Recording ↗ | 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 A little-realized distinction between |
| Episode 16: Inflation’s Inconvenient Complexities, Part 2 | The Gold Exchange Podcast | 2021-03-19 | Recording ↗ | In a prior episode, John Flaherty and CEO Keith Weiner discussed the intricacies of inflation. This time, they go a little deeper. |
| Episode 15: Inflation’s Inconvenient Complexities, Part 1 | The Gold Exchange Podcast | 2021-03-12 | Recording ↗ | Most folks define inflation simply as 'rising prices.' But as John Flaherty and CEO Keith Weiner discuss in this week's episode, it's just not that simple. |
| Episode 14: Unexpected Insights On Fractional Reserve Banking | The Gold Exchange Podcast | 2021-03-05 | Recording ↗ | 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. In this episode, you'll discover: . 4 traits that determine legitimate credit, versus counterfeit credit What many alarmists incorrectly presume about this system The concept |
| Episode 13: The Pressing Problem With “Money Printing” | The Gold Exchange Podcast | 2021-02-25 | Recording ↗ | 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. |
| Episode 12: The Yield Purchasing Power Paradigm | The Gold Exchange Podcast | 2021-02-18 | Recording ↗ | Most people think in terms of purchasing power: how much can one’s cash buy? Instead, what if you invested it to earn a return? What can that *return* buy? |
| Episode 11: The Common Ground Between Bitcoin & Gold | The Gold Exchange Podcast | 2021-02-05 | Recording ↗ | Is there common ground the among proponents of gold and bitcoin? John Flaherty and CEO Keith Weiner take on that question in this episode. |
| Episode 10: Investing Principles for Precious Metals Investors | The Gold Exchange Podcast | 2021-01-28 | Recording ↗ | This week's episode is the result of many questions submitted by listeners. Such as: Should I invest in silver or gold? What are the main things I need to consider? Can you help me understand what the Fed is doing? Does it make sense to borrow in order to invest in precious metals? Along the |
| Using Gold Bonds to Avert Financial Armageddon | The Gold Exchange Podcast | 2021-01-19 | Recording ↗ | Our current financial environment with massive, growing debt and an irredeemable currency has many investors asking if that debt can ever be paid off. |
| Episode 8: Why The Dollar Isn’t Money – PART 2 | The Gold Exchange Podcast | 2021-01-12 | Recording ↗ | We continue the discussion about how the dollar isn't money, leading to how a false definition of money can lead to a corrupt state that wields blank checks. |
| Episode 7: Gold Bonds Are Back, Baby! | The Gold Exchange Podcast | 2021-01-07 | Recording ↗ | Once upon a time, gold bonds were the norm. It took 87 years, but now the gold bond market is reemerging. |
| Episode 6: Why The Dollar Isn’t Money | The Gold Exchange Podcast | 2020-12-31 | Recording ↗ | Despite what Google Images serves up, money and currency are not the same thing. So what is it today that gives the dollar - or any fiat currency - its value? |
| Episode 4: Dismal Science of Economics | The Gold Exchange Podcast | 2020-12-03 | Recording ↗ | Economics has been called the dismal science. It doesn't seem to have the same respect as other fields of 'real' scientific study. Why is that? |
| Episode 5: Why GDP is a Terrible Measure of Economic Health | The Gold Exchange Podcast | 2020-12-03 | Recording ↗ | The problem with GDP is that government consumption of private capital is positive. And with the government gradually taking over all aspects of the economy... |
| Episode 2: One Radical Idea | The Gold Exchange Podcast | 2020-12-02 | Recording ↗ | At first, Keith Weiner's economics journey brought enlightenment about our monetary system. Then came the radical idea. |
| Episode 3: COVID - Stateless vs Stateful | The Gold Exchange Podcast | 2020-12-02 | Recording ↗ | 'Seems like things are getting back to normal.' Not exactly. Folks with that view are not looking very closely. |
| Episode 1: The Accidental Economist | The Gold Exchange Podcast | 2020-12-01 | Recording ↗ | How did a software dropout go on to become a successful entrepreneur…and eventually earn a PhD in economics? |
| Title | Outlet | Date | Anchor Text | Description |
|---|---|---|---|---|
| Monetary Metals statement regarding AgaBullion | Monetary Metals | Unlocking the productivity of gold | 2026-01-26 | Monetary Metals notified clients on Friday January 23, concerning the company’s gold lease with AgaBullion, a major precious metals services company in Turkey. | |
| Honey Badger Silver to earn silver yield with Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-12-23 | Monetary Metals is delighted to partner with Honey Badger Silver as they deploy their capital into productive, yield-generating silver assets. | |
| Monetary Metals partners with Gullak to bring gold yield to India | Monetary Metals | Unlocking the productivity of gold | 2025-11-24 | Gullak Partnership India | This collaboration between Gullak and Monetary Metals to bring gold yield to India marks a major milestone in the companies global expansion strategy. |
| Monetary Metals and AgaOne sign agreement to distribute gold yield products in Turkey | Monetary Metals | Unlocking the productivity of gold | 2025-11-19 | AgaOne Turkey Partnership | The recently announced partnership between Monetary Metals and AgaOne is expected to unlock over 5,000 tons of potential demand for gold yield products. |
| Monetary Metals Continues International Expansion, Appoints Industry Veteran to Lead Middle East & Asia Operations | PR Newswire | 2025-11-06 | Hiren Chandaria Appointment | Monetary Metals appoints Hiren Chandaria as Managing Director, Middle East & Asia Operations. Chandaria brings over 20 years of leadership in gold and commodities, having helped launch India's first and largest gold savings fund. |
| Monetary Metals appoints industry veteran to lead Middle East & Asia operations | Monetary Metals | Unlocking the productivity of gold | 2025-11-06 | Hiren Chandaria, Managing Director, Middle East & Asia Operations for Monetary Metals will drive growth across key gold markets across the globe. | |
| Monetary Metals and Goldstrom Group announce strategic partnership | Monetary Metals | Unlocking the productivity of gold | 2025-10-24 | Goldstrom Group announces partnership to offer Monetary Metals’ gold lease financing to its jeweler clients throughout the Gulf Cooperation Council region. | |
| Honey Badger Silver and Monetary Metals form strategic partnership to generate silver yield | Monetary Metals | Unlocking the productivity of gold | 2025-10-14 | Honey Badger Silver has announced a strategic partnership to earn physical silver income through Monetary Metals' innovative silver lease and bond programs. | |
| JV Video: Monetary Metals offers yield on gold, paid in ounces | Canadian Mining Journal | 2025-10-06 | Canadian Mining Journal Interview | Video interview explaining Monetary Metals' unique business model of offering yield on gold paid in gold ounces rather than fiat currency. |
| Monetary Metals Announces Multijurisdictional Gold Lease to Kalyan Jewellers | Morningstar / PR Newswire | 2025-09-23 | Kalyan Jewellers Lease | Monetary Metals announces multijurisdictional gold lease agreement with Kalyan Jewellers, one of India's largest jewelry retail chains. |
| Monetary Metals announces multijurisdictional gold lease | Monetary Metals | Unlocking the productivity of gold | 2025-09-23 | We are meeting the operational needs of world-class jewelers in multiple jurisdictions, while delivering attractive yields on gold to our growing client base. | |
| Monetary Metals Enters into Exclusive Partnership with Streamex (Nasdaq: BSGM) to Create Tokenized Yield-Bearing Gold Products | PR Newswire | 2025-09-09 | Streamex Partnership Announcement | Monetary Metals partners with Streamex Exchange Corporation to create tokenized yield-bearing gold products. Partnership adds important new channel to bring gold to the Gold Yield Marketplace with a well-capitalized Nasdaq listed partner. |
| Monetary Metals Enters into Exclusive Partnership with Streamex | Monetary Metals | Unlocking the productivity of gold | 2025-09-09 | Monetary Metals partners with real-world asset tokenization company Streamex to provide yield on gold bullion with $1 billion USD in near-term lease capacity | |
| 137 Arizona-based companies make 2025 Inc. 5000 list | AZ Big Media | 2025-08-13 | Arizona Companies on Inc. 5000 | Monetary Metals ranks No. 677 overall among Arizona's fastest-growing private companies on the Inc. 5000 list. Keith Weiner states the recognition reflects strong growth and overwhelming demand for a sound alternative to today's dollar-based system. |
| Monetary Metals Named to the 2025 Inc. 5000 List | Monetary Metals | Unlocking the productivity of gold | 2025-08-12 | Inc. 5000 Recognition | Monetary Metals has been named to the 2025 Inc. 5000 list, ranking No. 677 overall, ranking in the top 15% of America’s fastest-growing private companies |
| Monetary Metals Leases Silver to Pietro Galliani Brazing S.p.A. | Monetary Metals | Unlocking the productivity of gold | 2025-07-31 | Monetary Metals expands lease portfolio to include 100-year-old silver alloy manufacturer Pietro Galliani Brazing S.p.A. , based in Vergato, Ialy. | |
| Brent Johnson joins Monetary Metals | Monetary Metals | Unlocking the productivity of gold | 2025-06-17 | Monetary Metals attracts leading voices in finance economics who share the belief that gold with yield has the power to disrupt a $20 trillion dollar industry. | |
| Monetary Metals Continues Growth in UAE with Leading Jewelry Retailer | Yahoo Finance | 2025-06-03 | UAE Jewelry Retail Partnership | Monetary Metals expands presence in United Arab Emirates through partnership with leading jewelry retailer. |
| Monetary Metals Continues Growth in UAE with Leading Jewelry Retailer in Dubai | Monetary Metals | Unlocking the productivity of gold | 2025-06-03 | Monetary Metals continues to expand its presence in the United Arab Emirates through a new gold lease to a jewelry manufacturer and retailer based in Dubai. | |
| Monetary Metals partners with ORO Labs | Monetary Metals | Unlocking the productivity of gold | 2025-05-07 | Monetary Metals partners with ORO Lans to launch yield-bearing gold token. | |
| RIA launches private fund to invest in Monetary Metals gold yield products | Monetary Metals | Unlocking the productivity of gold | 2025-03-19 | Andorra Capital LLC, a Nebraska based RIA (Registered Investment Advisor), has launched the GoldRush Yield Fund through Monetary Metals! | |
| Monetary Metals Partners with OGold | Monetary Metals | Unlocking the productivity of gold | 2025-03-11 | Monetary Metals is expanding its global reach through strategic partnerships, and OGold is our first partner from Dubai to join the Gold Yield Marketplace®. | |
| Monetary Metals Delivers Over 1 Million Ounces in Silver Bond Financing | Yahoo Finance | 2024-11-12 | Silver Bond Milestone | Monetary Metals achieves major milestone by delivering over 1 million ounces in silver bond financing to Bunker Hill Mining, marking the first silver bond in 200 years. |
| Historic: First Silver Bond in 200 Years Funds Bunker Hill Mining | Stock Titan | 2024-11-12 | Historic Silver Bond | Monetary Metals makes financial history with first silver bond in over 200 years, providing innovative financing to Bunker Hill Mining Company. |
| Monetary Metals Delivers Over 1 Million Silver Ounces to Bunker Hill Mining | Monetary Metals | Unlocking the productivity of gold | 2024-11-12 | Monetary Metals is proud to announce the delivery of over 1 million ounces in silver bond financing to Bunker Hill Mining Corporation. | |
| Is Monetary Metals Legit? A Detailed Review | Reliable Gold Investment | 2024-10-12 | Legitimacy Review | Comprehensive review examining legitimacy and operations of Monetary Metals platform. |
| Monetary Metals Welcomes Ronald-Peter Stöferle and Mark Valek to Advisory Board | Monetary Metals | Unlocking the productivity of gold | 2024-09-23 | Monetary Metals® is pleased to announce the addition of gold investment experts Ronald-Peter Stöferle and Mark Valek to its Advisory Board. | |
| Monetary Metals Completes $12 Million Gold Bond Sale to Fuel Growth | Monetary Metals | Unlocking the productivity of gold | 2024-09-11 | Gold Bond Sale | Monetary Metals is pleased to announce the completion of a gold bond sale totaling 4,774 ounces of gold, approximately $12 million USD. |
| Monetary Metals Review: Earn Passive Income on Your Gold & Silver | REtipster | 2024-09-05 | REtipster Review | Review focusing on passive income generation capabilities of Monetary Metals platform for precious metals investors. |
| Monetary Metals Achieves SOC 2 Certification | Monetary Metals | Unlocking the productivity of gold | 2024-09-02 | This significant milestone demonstrates the company’s unwavering commitment to maintaining a secure environment for its innovative platform. | |
| Monetary Metals Review: How I Started Earning Yield On Gold | Physician on FIRE | 2024-08-20 | Physician on FIRE Review | Comprehensive review of Monetary Metals platform from investor perspective, detailing experience earning yield on gold holdings. |
| Monetary Metals Secures over $5 Million in Latest Equity Capital Raise | Monetary Metals | Unlocking the productivity of gold | 2024-07-16 | Series A Funding | Monetary Metals is pleased to announce the successful completion of a $5.6 million equity capital raise via a private placement offering. |
| Monetary Metals Review: Gold Leases And Bonds | The College Investor | 2024-07-10 | The College Investor Review | Detailed review examining Monetary Metals' gold lease and bond products from investment analysis perspective. |
| Monetary Metals Partners with Local Bullion Dealer | PR Newswire | 2024-03-15 | Bullion Dealer Partnership | Monetary Metals announces partnership with local bullion dealer to expand distribution of gold fixed income products. |
| Monetary Metals Publishes Eighth Annual Gold Outlook Report | Monetary Metals | Unlocking the productivity of gold | 2024-03-12 | Monetary Metals has released its eighth annual Gold Outlook Report. The report features award-winning economic analysis and forecasts for gold prices in 2024. | |
| Monetary Metals Partners with Coinhuskers | Monetary Metals | Unlocking the productivity of gold | 2024-02-27 | Monetary Metals is pleased to announce a partnership with Coinhuskers, who specialize in the buying and selling of precious metals bullion, coins, and currency. | |
| Monetary Metals Enters into Affiliate Partnership with Physicians on FIRE | Monetary Metals | Unlocking the productivity of gold | 2024-01-23 | Monetary Metals is pleased to announce an affiliate partnership agreement with a leading financial website, Physicians on FIRE. | |
| Swiss Portfolio Manager Launches Gold-Denominated Note Targeting 6-8% on Gold | Monetary Metals | Unlocking the productivity of gold | 2024-01-10 | The Monetary Metals® Diversified Gold Income Note will target a 6% to 8% yield on gold, paid in gold to qualified, non-US investors. | |
| Monetary Metals and DD Metals Enter into Gold Lease Agreement | Monetary Metals | Unlocking the productivity of gold | 2023-11-21 | DD Metals Partnership | Monetary Metals and DD Metals DMCC are pleased to announce they have signed a gold lease agreement to finance DD Metals’ inventory and increase trading volumes. |
| Monetary Metals Leases Gold to IGR Metals Trading DMCC | Monetary Metals | Unlocking the productivity of gold | 2023-10-16 | Monetary Metals is pleased to announce it has leased gold to IGR Metals Trading DMCC, a subsidiary of Istanbul Gold Refinery (IGR). | |
| Monetary Metals Announces Agreement with AgaBullion | Monetary Metals | Unlocking the productivity of gold | 2023-09-26 | Monetary Metals is pleased to announce it has leased gold to AgaBullion, a multi-line, integrated precious metals company headquartered in Istanbul. | |
| Monetary Metals Streamlines Client Onboarding Process | Monetary Metals | Unlocking the productivity of gold | 2023-07-25 | Monetary Metals has simplified and automated the process for onboarding new clients, with clients able to create an account in less than ten minutes online. | |
| Monetary Metals Says Gold Yield Marketplace Fits Wealth Menus | Family Wealth Report | 2023-07-15 | Wealth Management Market Position | Monetary Metals positions its Gold Yield Marketplace as suitable for wealth management menus, offering alternative to traditional gold investment strategies. |
| Monetary Metals Launches Online Client Portal | Monetary Metals | Unlocking the productivity of gold | 2023-05-23 | Client Portal Launch | Monetary Metals is pleased to announce the launch of its online client portal. Clients can view account balances, total interest earned in gold and silver, etc. |
| Monetary Metals Enters into Agreement with Asahi Refining | Monetary Metals | Unlocking the productivity of gold | 2023-05-09 | Asahi Refining Partnership | Monetary Metals is pleased to announce it has entered into an agreement with Asahi Refining, a division of Asahi Holdings. |
| Monetary Metals Welcomes Jeff Deist as General Counsel | Monetary Metals | Unlocking the productivity of gold | 2023-04-04 | Monetary Metals is pleased to welcome Jeff Deist, former President of the Mises Institute, to the team as general counsel. | |
| Monetary Metals Publishes its Seventh Annual Gold Outlook Report | Monetary Metals | Unlocking the productivity of gold | 2023-02-07 | 2023 Gold Outlook Report | The seventh annual Monetary Metals Gold Outlook Report features its unique approach to macroeconomic analysis, and its price calls for gold and silver in 2023. |
| Monetary Metals Gold Outlook 2023 Brief | GoldSeek | 2023-01-30 | 2023 Gold Outlook | Annual gold market outlook report from Monetary Metals analyzing fundamentals and trends for 2023. |
| Monetary Metals Ramps Up its Gold Bond Program with Akobo Minerals Deal | Monetary Metals | Unlocking the productivity of gold | 2022-11-15 | Monetary Metals is pleased to announce it has closed its latest gold bond with investors aearning an annual interest rate of 19% on gold, paid in gold. | |
| Monetary Metals Completes Latest Capital Raise | Monetary Metals | Unlocking the productivity of gold | 2022-05-05 | 2022 Capital Raise | Monetary Metals® has recently closed a $4.5 million equity capital raise, bringing the total funds raised to over $8.5 million. |
| Monetary Metals Releases Its Annual Gold Price Outlook Report | Monetary Metals | Unlocking the productivity of gold | 2022-02-02 | Monetary Metals has released its annual Outlook Report, an in-depth look at the macroeconomic factors for 2022, and their predictions for gold and silver. | |
| Monetary Metals Partners with Alpine Gold Exchange | Monetary Metals | Unlocking the productivity of gold | 2022-01-19 | Monetary Metals® announces a new partnership with Alpine Gold Exchange, which enables Alpine's clients to seamlessly earn a yield on their gold and silver. | |
| Monetary Metals Completes Gold Lease to European Refiner L’Orfebre | Monetary Metals | Unlocking the productivity of gold | 2022-01-11 | Monetary Metals has leased gold to L’Orfebre, a European precious metals refiner, expanding its portfolio to include five industry verticals on four continents. | |
| Monetary Metals Proves Marketplace for Gold Yield with Valaurum Gold Lease | Monetary Metals | Unlocking the productivity of gold | 2021-11-16 | Monetary Metals is pleased to announce a new gold lease, paying 2.25% interest on gold, to Valaurum to expand production of the Aurum®, their gold currency unit | |
| First Gold Bond in the US in 87 Years Matures | Monetary Metals | Unlocking the productivity of gold | 2021-09-23 | The first gold bond issued in the United States in 87 years has matured. Monetary Metals' investors received back their gold principal, and interest in gold. | |
| Monetary Metals Finances Jeweler’s Growth | Monetary Metals | Unlocking the productivity of gold | 2021-09-08 | Monetary Metals announces a 150% increase in its gold financing of GBI's 22- and 24-karat luxury gold jewelry collection, Auvere™. | |
| Monetary Metals Grows Quantum Metal Gold Financing | Monetary Metals | Unlocking the productivity of gold | 2021-07-28 | Monetary Metals announces a 137% increase in gold lease financing to Quantum Metal. The one-year gold lease pays 3% interest on gold to investors. | |
| Monetary Metals Elects Simon Guenzl to Board of Directors | Monetary Metals | Unlocking the productivity of gold | 2021-05-18 | Monetary Metals is pleased to announce the election of Simon Guenzl to its Board of Directors. Mr. Guenzl brings 30 years of diverse experience in finance. | |
| Monetary Metals Issues World's First Gold Bond Since 1933 | PR Newswire | 2021-01-06 | Historic Gold Bond | Monetary Metals makes history by issuing the world's first gold bond since 1933, marking a significant milestone in gold-based finance. |
| Monetary Metals Issues World’s First Gold Bond Since 1933 | Monetary Metals | Unlocking the productivity of gold | 2021-01-06 | Monetary Metals® is pleased to announce the issuance of a gold bond paying principal and interest in gold. The gold interest rate on invested gold is 13%. | |
| Monetary Metals Leases Gold to L’Orfebre | Monetary Metals | Unlocking the productivity of gold | 2020-10-21 | Monetary Metals® announces that it has leased gold to L'Orfebre, a European refinery, to increase its access to raw materials and expand production capacity. | |
| Monetary Metals Raises $1.3 million to Deliver Yield on Precious Metals Investments | Monetary Metals | Unlocking the productivity of gold | 2020-09-08 | Monetary Metals provides financing to precious metal-using businesses while paying interest to owners of gold and silver. Scottsdale, Ariz., September 4, 2020—Monetary Metals® announces the close of its $1.3 million equity capital round, having raised over $3 million. Monetary Metals operates a transparent marketplace where savers earn interest on their gold, while gold-using businesses obtain user-friendly | |
| Gold Loan to Sector Resources | Monetary Metals | Unlocking the productivity of gold | 2020-06-09 | The loan is denominated in gold with interest and principal paid in gold | |
| Monetary Metals Delivers Instant Yield on Gold and Silver | Monetary Metals | Unlocking the productivity of gold | 2020-05-14 | Monetary Metals' clients earned big gains by converting their gold and silver coins and bars into bulk bullion, via an arbitrage opportunity in retail premiums. | |
| Monetary Metals Leases Gold to Brite Metals | Monetary Metals | Unlocking the productivity of gold | 2020-04-07 | Monetary Metals partners with Brite Metals to support artisanal gold miners | |
| Monetary Metals Leases Gold to Gold Bullion International | Monetary Metals | Unlocking the productivity of gold | 2019-06-19 | gold lease, gold interest, yield on gold paid in gold | |
| Monetary Metals Leases Gold to Quantum Metal | Monetary Metals | Unlocking the productivity of gold | 2019-02-08 | Monetary Metals lease deal is paying 4.5% gold interest to investors | |
| Monetary Metals Finances GoldSilver.com at 4% | Monetary Metals | Unlocking the productivity of gold | 2018-06-20 | Retailer of Gold Without Borders™ 24k jewelry saves money with a Monetary Metals lease Scottsdale, Ariz, June 20, 2018—Monetary Metals announces that it has leased gold to GoldSilver™, to support the growth of its line of fine gold jewelry, Gold Without Borders™, at an interest rate of 4.0%. The metal is held in the form | |
| Monetary Metals raises over Monetary Metals Raises Second Equity Financing.5 million in equity financing | Monetary Metals | Unlocking the productivity of gold | 2018-06-14 | Scottsdale, Ariz., June 13, 2018—Monetary Metals® announces the close of its second equity capital round, bringing the total raised to $1.5 million. The company has been raising money from individual high net worth investors globally. It will use the proceeds to elevate its profile and continue to hit its milestones. Monetary Metals has a unique | |
| Monetary Metals Closes Insured Gold Financing at 4.5% | Monetary Metals | Unlocking the productivity of gold | 2018-05-09 | Monetary Metals announces that its recent gold financing of Scottsdale Precious Metals priced at a gross interest rate of 4.5%, a full percentage point lower than previous deals. This is the first one covered by Monetary Metals’ new insurance. | |
| Monetary Metals Adds Innovative Insurance | Monetary Metals | Unlocking the productivity of gold | 2018-04-13 | Monetary Metals announces that it is working with a leading global insurance carrier to further reduce the risk of its gold fixed-income product by including a difference in conditions policy that covers losses which are not paid by the primary insurance held by the business using the gold. | |
| Sharps Pixley Publishes Monetary Metals® GOFO Rates | Monetary Metals | Unlocking the productivity of gold | 2018-03-23 | Sharps Pixley announces that it has licensed the Monetary Metals gold forward rate (MM GOFO™) and silver forward rate (MM SIFO™). | |
| Monetary Metals Partners With Quintric | Monetary Metals | Unlocking the productivity of gold | 2018-03-08 | Monetary Metals announces a partnership with Quintric Corporation. Quintric began earning a Yield on Gold, Paid in Gold® through its recent participation in Monetary Metals financing of Valaurum and active involvement in upcoming Monetary Metals financing opportunities. | |
| Monetary Metals Leases Gold to Valaurum at 4.75% | Monetary Metals | Unlocking the productivity of gold | 2018-01-08 | Monetary Metals leases gold to Valaurum at 4.75%, renewing and growing a previous Monetary Metals lease, to be used in Valaurum's manufacturing process. | |
| Monetary Metals Provides Charts to Goldseiten | Monetary Metals | Unlocking the productivity of gold | 2017-09-29 | Monetary Metals® announces that it has licensed its gold forward rate (MM GOFO™), silver forward rate (MM SIFO™), gold lease rate, and silver lease rate charts to German precious metals web site Goldseiten. | |
| Monetary Metals Fund Leases Silver at 1% | Monetary Metals | Unlocking the productivity of gold | 2017-09-07 | Monetary Metals' Gold Exponential Fund™ is leasing silver at a cost of 1% per annum, adding a fixed-cost tier to its capital structure. The Fund has access to leverage at a rate well under LIBOR. | |
| Monetary Metals Adds Third-Party Fund Administrator | Monetary Metals | Unlocking the productivity of gold | 2017-08-25 | Monetary Metals Gold Exponential Fund is under supervision by NAV Consulting Group | |
| Monetary Metals Brings Back the Gold Forward Rate | Monetary Metals | Unlocking the productivity of gold | 2017-06-23 | Monetary Metals announces that it is now publishing the gold forward rate (GOFO), calculated using public market data. The MM GOFO™ has better than 0.99 correlation to the historical GOFO published by the London Bullion Market Association (LBMA). The company also publishes the silver forward rate, MM SIFO™. | |
| INTERVIEW: Capturing Real Yields With Monetary Metals | WealthBriefing Asia | 2017-06-20 | Asia Wealth Management Interview | Interview discussing Monetary Metals' approach to generating real yields on precious metals investments. |
| Monetary Metals Finances Scottsdale Precious Metals Silver at 5.75% | Monetary Metals | Unlocking the productivity of gold | 2017-06-01 | True silver lease finances vintage silver jewelry SCOTTSDALE, Ariz., June 1, 2017 - Monetary Metals announces that it has provided silver financing to Scottsdale Precious Metals. The gross interest rate is 5.75%. Monetary Metals purchased the inventory of Scottsdale Precious Metals, and leases it back. Monetary Metals provided silver to the company, and will receive | |
| Monetary Metals Finances Scottsdale Precious Metals at 5.5% | Monetary Metals | Unlocking the productivity of gold | 2017-05-02 | Monetary Metals Finances Scottsdale Precious Metals at 5.5% True gold lease finances vintage jewelry Scottsdale, Ariz., May 2, 2017—Monetary Metals announces that it has provided gold financing to Scottsdale Precious Metals. The gross interest rate is 5.5%. Monetary Metals purchased the inventory of Scottsdale Precious Metals, and leases it back. Monetary Metals paid for it | |
| Monetary Metals Raises $506,000 in $400,000 Equity Financing | Monetary Metals | Unlocking the productivity of gold | 2016-11-18 | Scottsdale, Ariz., November 18, 2016—Monetary Metals announces that it has raised over $506,000 in equity capital. The pre-money valuation of the company was $3,000,000. The company had set out to raise $400,000, so the round closed at 27% oversubscribed. The company plans to use the proceeds to accelerate its gold fixed-income product, its marketing including | |
| Monetary Metals Builds Out Its Team of Professionals | Monetary Metals | Unlocking the productivity of gold | 2016-10-20 | New York, NY, October 20, 2016—Monetary Metals announces that it has hired three Relationship Managers. This team works to identify investors who can benefit from the Monetary Metals Gold Exponential Fund, the only fund that offers a yield on gold, paid in gold ounces. The company has set a goal of 60,000 ounces (about two | |
| Monetary Metals Partners with Broker-Dealer Ashton Stewart & Co., Inc. to Market and Offer its Investment Funds | Monetary Metals | Unlocking the productivity of gold | 2016-09-30 | SCOTTSDALE, Ariz., Sept. 29, 2016 /PRNewswire/ -- Monetary Metals announces its partnership with Ashton Stewart & Co., Inc. (Ashton Stewart). Ashton Stewart will offer the Monetary Metals Gold Exponential Fund to accredited investors. Ashton Stewart is a FINRA-licensed broker-dealer headquartered in New York. Ashton Stewart will also provide compliance for Monetary Metals' growing sales team. | |
| Monetary Metals Closes First Gold Fixed Income Deal at 5% | Monetary Metals | Unlocking the productivity of gold | 2016-07-15 | At FreedomFest, Monetary Metals announces that it has closed its first gold fixed income deal, to finance the gold working inventory of Valaurum. |
| Award | Issuing Organization | Description |
|---|---|---|
| Inc. 5000 Fastest-Growing Private Companies - Rank No. 677 Overall | Inc. 5000 | Monetary Metals named to the 2025 Inc. 5000 list, ranking No. 677 overall, top 15% of fastest-growing private companies in the U.S., No. 45 in financial services, and No. 19 among Arizona private companies. |
| Worldwide Finance Awards 2020 Winner | Acquisition International | Monetary Metals & Co. recognized as one of the winners of the 2020 Worldwide Finance Awards. |
| Bullion.Directory 2025 Gold Price Forecast Category - Silver Medal | bullion.directory | Monetary Metals awarded the Silver Medal in Bullion.Directorys 2025 Bullion Dealer of the Year public vote in the Gold Price Forecast category. |
| Bullion.Directory 2024 Dealer of the Year winner in News and Analysis | bullion.directory | Monetary Metals won bullion.directory's Dealer of the Year award in the News and Analysis category |
| Better Business Bureau A+ Rating | Better Business Bureau | Monetary Metals received an A+ rating from the Better Business Bureau |
| Trustpilot 4.8/5 star rating | Trustpilot | Monetary Metals achieved a 4.8/5 star rating on Trustpilot |
| Google Business 4.7/5 star rating | Monetary Metals earned a 4.7/5 star rating from customers on Google Business |
| Event | Date | Description |
|---|---|---|
| Monetary Metals and Goldstrom Group announce strategic partnership | 2025-10-24 | Goldstrom Group announces partnership to offer Monetary Metals gold lease financing to its jeweler clients throughout the Gulf Cooperation Council region. |
| Honey Badger Silver and Monetary Metals form strategic partnership to generate silver yield | 2025-10-14 | Honey Badger Silver has announced a strategic partnership to earn physical silver income through Monetary Metals' innovative silver lease and bond programs. |
| Monetary Metals announces multijurisdictional gold lease | 2025-09-23 | We are meeting the operational needs of world-class jewelers in multiple jurisdictions, while delivering attractive yields on gold to our growing client base. |
| Monetary Metals Enters into Exclusive Partnership with Streamex | 2025-09-09 | Monetary Metals partners with real-world asset tokenization company Streamex to provide yield on gold bullion with $1 billion USD in near-term lease capacity |
| Monetary Metals Leases Silver to Pietro Galliani Brazing S.p.A | 2025-07-31 | Monetary Metals expands lease portfolio to include 100-year-old silver alloy manufacturer Pietro Galliani Brazing S.p.A. , based in Vergato, Ialy. |
| Monetary Metals named to the 2025 Inc. 5000 list | 2025-07-01 | Monetary Metals is listed as number 677 on the Inc. 5000 representing America's fastest-growing private companies. |
| Monetary Metals Continues Growth in UAE with Leading Jewelry Retailer in Dubai | 2025-06-03 | Monetary Metals continues to expand its presence in the United Arab Emirates through a new gold lease to a jewelry manufacturer and retailer based in Dubai. |
| Opened Monetary Metals in Dubai, UAE | 2025-01-01 | The Dubai office is Monetary Metals' first international outpost and will serve the needs of customers as the company looks to strategically expand into one of the world's most important gold hubs. |
| First silver bond issuance | 2024-10-01 | What Monetary Metals did in gold, it did in silver: offer the first silver-denominated bond in over 200 years. |
| SOC-2 certified | 2024-07-01 | Monetary Metals achieved SOC-2 certification, demonstrating the companys' commitment to safeguard client information and assets. |
| Monetary Metals Leases Gold to IGR Metals Trading DMCC | 2023-10-16 | Monetary Metals is pleased to announce it has leased gold to IGR Metals Trading DMCC, a subsidiary of Istanbul Gold Refinery (IGR). |
| Launched online client portal | 2023-04-01 | Clients accessed real-time account balances, total interest earned, average gold and silver yields, the ability to choose between deals, and trade gold and silver. |
| Monetary Metals Ramps Up its Gold Bond Program with Akobo Minerals Deal | 2022-11-15 | Monetary Metals is pleased to announce it has closed its latest gold bond with investors aearning an annual interest rate of 19% on gold, paid in gold. |
| First patent issued | 2022-07-01 | Monetary Metals was issued its first patent entitled System for Trading Precious Metals in an Efficient Secondary Market |
| Raised $4.5 million in capital | 2022-04-01 | Monetary Metals raised its first significant capital raise. This build the foundation for scalability. |
| Monetary Metals Proves Marketplace for Gold Yield with Valaurum Gold Lease | 2021-11-16 | Monetary Metals is pleased to announce a new gold lease, paying 2.25% interest on gold, to Valaurum to expand production of the Aurum®, their gold currency unit |
| First Gold Bond in the US in 87 Years Matures | 2021-09-23 | The first gold bond issued in the United States in 87 years has matured. Monetary Metals' investors received back their gold principal, and interest in gold. |
| Monetary Metals Grows Quantum Metal Gold Financing | 2021-07-28 | Monetary Metals announces a 137% increase in gold lease financing to Quantum Metal. The one-year gold lease pays 3% interest on gold to investors. |
| Monetary Metals Leases Gold to L’Orfebre | 2020-10-20 | Monetary Metals announces that it has leased gold to L'Orfebre, a European refinery, to increase its access to raw materials and expand production capacity. |
| First gold bond in US in 87 years | 2020-10-01 | In 2020, Monetary Metals issued its first gold bond and the first gold bond offered in the United States since 1933. |
| Monetary Metals Leases Gold to Brite Metals | 2020-04-07 | Monetary Metals partners with Brite Metals to support artisanal gold miners |
| Monetary Metals Leases Gold to Gold Bullion International | 2019-06-19 | Monetary Metals announces that it has leased gold to Gold Bullion International, to support the rapid growth of GBI’s fine 24k gold jewelry business, Auvere™ (www.auvere.com). The metal is held in the form of jewelry inventory. |
| Monetary Metals Leases Gold to Quantum Metal | 2019-02-08 | Monetary Metals lease deal is paying 4.5% gold interest to investors |
| 1000 oz deal | 2018-10-01 | Most investors measure deal size in dollars, but Monetary Metals things in ounces. $1 million dollars isn't what it used to be, but 1,000 oz is always 1,000 oz. |
| Monetary Metals Finances GoldSilver.com at 4% | 2018-06-20 | Monetary Metals announces that it has leased gold to GoldSilver™, to support the growth of its line of fine gold jewelry, Gold Without Borders™, at an interest rate of 4.0%. |
| Monetary Metals Finances Scottsdale Precious Metals Silver at 5.75% | 2017-06-01 | Monetary Metals announces that it has provided silver financing to Scottsdale Precious Metals. The gross interest rate is 5.75%. Monetary Metals purchased the inventory of Scottsdale Precious Metals, and leases it back. Monetary Metals provided silver to the company, and will receive its silver back in the end. |
| Monetary Metals Finances Scottsdale Precious Metals at 5.5% | 2017-05-02 | Monetary Metals announces that it has provided gold financing to Scottsdale Precious Metals. The gross interest rate is 5.5%. Monetary Metals purchased the inventory of Scottsdale Precious Metals, and leases it back. |
| First gold lease offered | 2016-07-01 | Monetary Metals started paying interest on gold, in gold to investors. |
| Company Founded | 2012 | Keith Weiner founded Monetary Metals in Scottsdale, Arizona following the sale of his software company DiamondWare to Nortel Networks in 2008. |
Monetary Metals is a financial platform that allows investors to earn yields on physical gold and silver by leasing or lending them to vetted businesses in the precious metals sector. The yields are paid in physical gold or silver, transforming these metals from static stores of value into productive assets. The company operates the Gold Yield Marketplace®, where investors can grow their holdings in ounces rather than dollars.
Monetary Metals, LLC was founded in June 2012 by Keith Weiner. In September 2016, it was converted into Monetary Metals & Co.
Monetary Metals is incorporated under the laws of the state of Delaware.
The company is headquartered at 4343 N Scottsdale Road, Suite 150, Scottsdale, AZ 85251. Phone: +1 480-867-2100.
Yes, Monetary Metals has a Dubai office at Almas Tower, 54th floor JLT, Dubai, UAE, opened in Q1 2025.
Beyond the Dubai office, Monetary Metals has a joint venture in Turkey with Aga One to mobilize household gold, plus partnerships in India with Gullak and Canada with Honey Badger Silver.
As of 2025, Monetary Metals has 46 full-time employees globally.
Since beginning operations in 2016, Monetary Metals has completed over 75 funded transactions across five continents with zero defaults and zero loss of metal.
· 2016 Q3: First gold lease offered · 2018 Q4: First deal over 1,000 ounces · 2020 Q4: First gold bond in US in 87 years · 2022: Raised $4.5M in equity capital, first patent issued · 2023: Launched online client portal · 2024: SOC 2 certified, first silver bond in 200+ years · 2025: Opened Dubai office, Inc. 5000 ranking #677
The model connects gold and silver owners with businesses needing metal for operations. Monetary Metals charges a spread on the interest paid by borrowers, passing the majority as yield to investors. This eliminates storage costs and generates income in metal.
No, Monetary Metals is not a storage company. It partners with third-party depositories for secure storage but focuses on yield generation through leases and bonds.
No, it is not a bullion dealer. Clients can redeem metal for delivery or convert to specific bullion products, but the focus is on investment accounts that generate yield.
It's Monetary Metals' platform where yields on gold and silver are facilitated through leases and bonds, with interest paid in physical metal rather than currency.
The company has funded over 75 opportunities across five continents, raised $5M in equity capital, grown from 1 to 46 employees, and manages over $200 million in precious metals.
Monetary Metals achieved SOC 2 Type II certification in 2024, demonstrating institutional-grade security standards and commitment to safeguarding client information and assets.
Monetary Metals maintains an A+ rating with the Better Business Bureau, the highest possible rating.
Yes, Monetary Metals was named to the Inc. 5000 list in 2025, ranking #677 among America's fastest-growing private companies.
The company has been featured in Forbes, Business Insider, Barron's, Washington Post, and CNBC, with regular appearances on Kitco News, Palisades Gold Radio, and Liberty and Finance.
Monetary Metals is actively applying to become an affiliate member of the LBMA (London Bullion Market Association).
Yes, Monetary Metals has audited financial statements prepared annually by Cherry Bekaert LLP (formerly PKF Mueller, LLC).
Monetary Metals is the only company offering true gold and silver leases where investors earn yields paid in additional ounces, while maintaining ownership of physical metal and paying no storage fees.
Traditional gold investments involve storage fees and no yield, or speculative mining stocks. Monetary Metals provides yield in physical metal, free storage, and direct ownership.
It addresses the $150 billion in annual storage fees gold owners pay worldwide and provides an alternative to zero-yield cash holdings in an inflationary environment.
The company only earns revenue when clients earn yields. If a lease doesn't perform, Monetary Metals earns nothing. This powerfully aligns interests.
Base salary plus performance-based bonuses, with equity option awards based on tenure and performance metrics. Compensation tied to company and client success.
Yes, all employees must complete criminal background checks, credit history reviews, reference checks, and employment/education verification before employment.
Partners include Loomis, Brinks, Malca Amit, StoneX, Asahi, A-Mark, Dillon Gage, Fidelitrade, CNT, and IDS.
In-house General Counsel Jeff Deist, plus outside counsel including Dentons US LLP, Norton Rose Fulbright US LLP, and Quarles & Brady LLP.
Monetary Metals partners with Ashton Stewart & Co., Inc. (Member FINRA/SIPC) for securities-related transactions involving gold and silver bonds.
https://www.monetary-metals.com/ Leadership & Team
Keith Weiner, PhD, an economist and entrepreneur with expertise in gold, money, and credit, and important contributions to monetary theory.
He holds a PhD from the New Austrian School of Economics.
He founded DiamondWare, a software company that developed 3D voice technology, which was sold to Nortel in 2008.
He is President of the Gold Standard Institute USA and contributes to Forbes, Zero Hedge, and Kitco.
He is Founder, CEO, and Chairman of the Board of Directors.
Yes, including a monetary chapter in a Springer book on free trade ('Free Trade in the Twenty-First Century') and an upcoming chapter on the next monetary system.
He argues against fixed-supply assets like Bitcoin for monetary use, as they are unborrowable and don't support productive lending. He debated this topic at the Soho Forum.
He calls it a 'cargo cult' lacking intellectual rigor and proper understanding of monetary economics.
General Counsel at Monetary Metals. Former president of the Mises Institute for 10 years and Chief of Staff for Congressman Ron Paul. Attorney specializing in private equity, M&A, and tax.
Chief of Staff at Monetary Metals. Former Director of Real Estate Development for BASIS Independent Schools. Bachelor's in Civil Engineering from Arizona State University.
Chief Financial Officer with 25+ years as an accounting professional. Chartered Accountant in Australia (Ernst & Young). Experience includes IPO guidance and ERP implementation.
Vice President of Origination with 30+ years' experience in finance for the resources sector. Chair of the Program Advisory Group for planetGOLD. Regular contributor to major mining conferences.
Strategic Relationships lead for Dubai. Former Financial Services Industry Manager at Microsoft Corporation and Vice President at J.P. Morgan American Century.
Chief Technology Officer with degrees in Aerospace and Electronics Engineering. 15+ years at Qualcomm in leadership roles. Joined Monetary Metals in March 2020.
Vice President of Relationship Management. Economics concentration at Harvard University. Master of Divinity from Gordon-Conwell Theological Seminary. Former precious metals specialist at SchiffGold.
Vice President of Marketing with Master's in Economics from King Juan Carlos University, Madrid. Studied under renowned economists Jesús Huerta de Soto and Juan Ramón Rallo.
Managing Director for Middle East and Asia Operations. CFA Charterholder with 20+ years in gold investment. Helped structure India's first and largest gold savings fund (CNBC 'Most Innovative Fund').
Keith Weiner (Chairman), Jim Brown (manages Justice Brown Family Office, CFA, MBA from Harvard), and Simon Guenzl (30+ years in finance, MBA from Wharton).
Ronald P. Stöferle (Incrementum AG, author of 'In Gold We Trust' report), Mark Valek (Incrementum AG), Brent Johnson (CEO Santiago Capital, 'Dollar Milkshake Theory'), and Barry Dawes (Executive Chairman Martin Place Securities).
The team includes decades of experience in banking, software development, precious metals, resources finance, legal, accounting, technology, and economics from leading institutions globally. Philosophy & Vision
To expand the Gold Yield Marketplace® platform—paying interest in gold to savers, financing qualified businesses, and providing a liquid market that benefits all participants, until the vision is realized.
A world where everyone can save, earn, and finance production in gold and silver, restoring their role as productive money.
Monetary Metals' most fundamental core value: 'As doctors seek, above all else, to do no harm, we at Monetary Metals seek, above all else, to lose no gold.'
Gold retains intrinsic value due to its scarcity, durability, and malleability, independent of government decree. It is still money and should function as such.
To eliminate the $150 billion in annual storage fees worldwide, make gold productive, and contrast with fiat currency's continuous debasement.
He critiques them for causing debasement, malinvestment, inflation, and rewarding borrowing over saving, ultimately eroding wealth.
A world where gold is used for saving and financing, with interest paid in gold, scaling productive finance to restore gold's monetary role.
Central planning erodes purchasing power and coordination. Regulations widen the spread between commodity prices and consumer prices, creating inefficiency.
Gold should be held permanently, not speculatively. Price rises in dollar terms merely reflect currency decline, not gold 'going up.'
To avoid paper promises and ensure true ownership and productivity. Physical metal eliminates counterparty risk inherent in paper gold.
'An informal, working definition of a gold standard is when anyone who wants to can earn interest on their gold in gold. Therefore, the gold standard is when we scale up.'
In places like India, Turkey, and the Middle East, gold is a store of value and permanent holding. The company taps into this understanding via partnerships.
In irredeemable currency systems, declining marginal productivity of debt drives rates lower over time. Interest is key to any monetary system—without it, money cannot circulate productively.
Gold basis = Futures price - Spot price. It reveals whether gold is being hoarded (positive basis) or in high demand for immediate delivery (negative basis). Keith Weiner pioneered using basis analysis.
Dubai represents a major opportunity for gold finance innovation. The Middle East, unlike the West, views gold as permanent wealth and seeks returns on holdings.
He discussed business growth, extensive international travel, and contrasts in gold ownership culture between America (speculative) and regions like the Middle East (permanent holding).
Innovation in gold will come from Dubai and similar markets rather than the US or Europe, where gold ownership is less culturally embedded and more speculative.
They believe interest is the key to transition to a new monetary system. The company is building the private market infrastructure for a future gold standard.
Free storage incentivizes yield opportunities. Undeployed metal costs Monetary Metals nothing to store, so they pass this benefit to clients to encourage participation in leases. Products & Services
Two primary Gold Fixed Income products: (1) True Gold Leases and (2) Gold Bonds. Also offers silver leases and bonds, plus gold financing for businesses ($5M-$30M range).
Leases are true leases of personal property (not securities), 12 months or less, 2.5-4% yields, available to all investors. Bonds are securities (loans), 2-5 years, 6-19% yields, accredited investors only.
No, gold and silver leases are NOT securities. They are structured as true leases of personal property, similar to leasing an apartment or vehicle.
Yes, gold and silver bonds ARE securities and therefore subject to securities regulations, requiring broker-dealer partnership and accredited investor status.
Monetary Metals' service for qualified businesses needing gold-denominated financing, typically in the $5M to $30M range.
Monetary Metals' trademarked approach where interest is earned and paid in physical gold ounces, not fiat currency, growing total ounce holdings.
Monetary Metals' mission to transform gold from a static store of value into a productive asset that generates income while maintaining its wealth preservation properties.
Yes, the company also provides: (1) Free vault storage, (2) Metal purchases and sales, (3) Product shipments and withdrawals, and (4) Gold financing for businesses.
The form of gold and silver ownership used by Monetary Metals. Clients own proportionate amounts of specific bars/coins stored in vaults—the most liquid, efficient form of physical ownership.
Yes, when withdrawing, clients can liquidate for cash or convert to specific bullion products (coins, bars) for physical delivery.
Jewelers, mints, refiners, recyclers, manufacturers, dealers, mining companies, and other businesses that use precious metals productively in their operations.
Yes, particularly for gold bonds. The company performs extensive due diligence including reviewing 43-101 or JORC reports, financial modeling, and hiring independent experts.
Monetary Metals typically provides financing in the $5M to $30M range for qualified businesses.
Over 75 funded transactions across five continents since 2016.
In 2020, Monetary Metals issued the first gold-denominated bond in the United States since 1933, when FDR broke the gold standard.
In 2024, Monetary Metals issued the first silver-denominated bond in over 200 years, demonstrating expansion beyond gold.
The Bunker Hill Mining silver bond, which raised over 1 million ounces of silver in 2024 to fund a mine restart in Idaho's silver valley.
Yes, thousands of individuals and institutions around the world earn yield through the platform.
Yes, Monetary Metals offers both gold and silver leases and bonds, depending on the business need and metal usage.
They are structured as true leases of personal property under law. Title remains with the investor, metal is not an asset of the lessee, and is not available to creditors in bankruptcy. Gold & Silver Leases
A rental agreement where investors retain ownership while leasing physical gold to qualified businesses for use as inventory or work-in-progress, earning 2.5-4% annual yield paid in gold.
Over 70 since 2016, with zero defaults.
Jewelers, dealers, mints, refiners, recyclers, manufacturers, and other businesses that use gold as inventory or in their production process.
No, title always remains with the investor. The gold is not an asset of the lessee and is not available to creditors in bankruptcy.
No, unless they simultaneously replace it with equal amounts to maintain the lease balance. Lease agreements strictly prohibit selling or removing leased metal.
The metal can either roll over for another term (most common) or return to the investor's account as undeployed metal.
Yes, during the active lease term (typically 12 months). However, undeployed metal in the account has no lockup and can be withdrawn anytime.
Monthly in physical gold or silver, deposited directly into client accounts. Interest is immediately available to withdraw, sell, or leave for compounding.
An account structure that holds metal before deployment into specific leases, potentially earning a variable yield based on opt-in percentage and available opportunities.
12 months or less, with automatic rollover at maturity unless the investor opts out.
Historically 2.5% to 4% annually, net to investors. Current weighted average published on monetary-metals.com homepage.
Yes, investors can opt out of any lease opportunity without penalty. If you don't opt out, you receive automatic pro-rata allocation.
5 business days from when the lease is published in the client portal.
Detailed due diligence summary including: company information, gold usage, interest rate, term length, risks, risk mitigations, insurance coverage, and financial details.
Yes, all lessees are required to insure metal on lease and list Monetary Metals as loss payee. Monetary Metals also carries supplemental insurance.
Three layers: (1) Vault/depository insurance, (2) Lessee property insurance, (3) Monetary Metals supplemental DIC/DIL coverage for theft, fraud, and bad acts.
Through multiple methods: daily API inventory reporting from lessees, ERP integration, RFID tracking via secure logistics partners, and third-party audits.
10-step process: (1) Establish business need, (2) Understand gold flows, (3) Analyze security, (4) Know management (AML/KYC, background checks), (5) Scrutinize financials, (6) Establish monitoring, (7) Secure guarantees, (8) Apply insurance, (9) Establish legal structure, (10) Site visits.
Yes, Monetary Metals requires corporate and personal guarantees from majority owners. All company and personal assets subject to collection in default event.
Yes, physical gold is present at specific secure locations defined by the lease agreement throughout the lease term.
For businesses like jewelers or manufacturers, they must replenish gold simultaneously during fabrication or refining. The leased amount never falls below the specified quantity.
Monetary Metals leases keep physical gold always present with title retained. Bullion bank 'leases' often involve selling gold with a promise to repay—more like lending.
Yes, rates vary by opportunity, typically in the 2.5-4% range, depending on the lessee, term, and market conditions.
Yes, Monetary Metals offers silver leases with similar structure to gold leases. Minimum: 1,000 ounces of silver.
According to available information, silver leases earn yield when deployed in specific lease opportunities, similar to gold.
As of January 2025: 3.32% for gold leases only, 6.72% when including bonds. Current rates published on monetary-metals.com.
Yes, most leases automatically roll over for another term at maturity, enabling compound growth, unless you opt out.
Yes, you receive notification before rollover and have 5 business days to opt out if desired.
You cannot withdraw gold that is actively deployed in a lease. You must wait until the lease term ends (typically 12 months or less).
Multiple protections: insurance (three layers), personal/corporate guarantees, real-time monitoring, ERP integration, RFID tracking, third-party audits, and legal structure ensuring title remains with you. Gold & Silver Bonds
Loans to businesses for expansion, denominated and paid in gold ounces. Similar to conventional bonds but using gold instead of currency. Terms typically 2-5 years, offering 6-19% annual yields.
Accredited investors only, due to higher risk profile. Must have net worth exceeding $1M (excluding primary residence) or annual income above $200K (single)/$300K (joint) for past two years.
Terms of 1-5 years (typically 2-5 years), with quarterly interest payments in physical gold or silver.
Historically 6% to 19% annually, significantly higher than lease rates due to increased risk and longer terms.
6.72% annually across all leases and bonds on the platform (as of January 2025). Individual returns vary based on participation.
Bonds are: (1) Securities (regulated), (2) Loans to borrowers, (3) Higher yields (6-19%), (4) Longer terms (2-5 years), (5) Quarterly payments, (6) Accredited investors only, (7) Higher risk.
Mining companies, refiners, depositories, and other gold-related businesses with gold income capable of amortizing debt by producing gold ounces.
Typically no. Unlike lessees who need inventory, bond borrowers usually have gold income from operations that allows them to repay in gold ounces over time.
Rigorous due diligence including: extensive financial modeling, reviewing 43-101 or JORC reports (mining), independent expert opinions on feasibility/metallurgy/resources, and using borrower's assets as collateral.
Depends on the specific offering. Insurance details disclosed in individual bond presentations. Unlike leases, bonds don't typically have the same three-layer insurance structure.
Borrower's assets serve as collateral. For mining companies, this includes mineral resources, equipment, and project assets evaluated by independent experts.
Yes, yields can be reinvested into new lease or bond opportunities for compounding growth.
Higher thresholds than leases, typically around $10,000 equivalent or more, disclosed in each bond offering.
Quarterly, paid in physical gold or silver directly into client accounts.
This depends on the specific bond structure and market conditions. Most bonds are held to maturity. Check individual bond terms.
In 2022-2024, Monetary Metals issued a 6% gold bond that wasn't for a mining company—the first such bond since the gold standard era.
A 12% silver bond issued in 2024 that raised over 1 million ounces of silver to fund the restart of a lead-zinc-silver mine in Idaho's silver valley.
Yes, the first gold bond (issued 2020) matured in 2023 and was fully repaid—all principal and interest as scheduled. Perfect performance.
Monetary Metals pursues collection through borrower's assets (collateral), personal guarantees from owners, and legal proceedings if necessary. However, no defaults have occurred to date.
Most bonds have terms of 2-5 years, longer than the 12-month standard for leases.
Bond rates are typically fixed at issuance, stated in the bond terms.
Yes, investors retain full exposure to gold price movements since principal and interest are denominated in ounces.
Yes, if you're an accredited investor, you can participate in both. Non-accredited investors can only access leases.
Extensive process including: studying 43-101 or JORC reports, financial modeling with scenario/stress testing, hiring independent 3rd party experts, and thorough onsite visits of mine property.
Experts who opine on resource estimates, mine plans, metallurgy, project feasibility, and other technical aspects critical to bond repayment.
Yes, unlike leases which can auto-allocate, bonds require active review and decision to participate in each offering.
Through detailed presentations in the client portal including financial analysis, risk factors, mitigations, borrower information, and terms.
This depends on account structure and IRA rules. Consult with a self-directed IRA specialist and tax advisor.
Investors benefit since repayment is in ounces. Higher gold prices mean higher dollar value of the same ounce quantity received.
You still receive the same number of ounces as promised, but the dollar value would be lower. This is market risk, not default risk. Account Setup & Management
Online at monetary-metals.com. The process takes 10-15 minutes and accounts are typically approved within 24 hours.
10 ounces of gold, or 1,000 ounces of silver, or the US dollar equivalent thereof.
US residents: Government-issued photo ID. Non-US residents: Government ID and proof of address dated within 90 days. All investors: W-9 form (US) or W-8BEN/W-8BEN-E (non-US).
Two options: (1) Buy metal through Monetary Metals at less than 1% over spot, or (2) Transfer existing physical metal (major bullion products accepted).
Individual accounts, joint accounts, trust accounts (requires trust agreement), and company accounts (requires operating agreements or bylaws).
Yes, depends on trust documents. The Monetary Metals team reviews trust structure to ensure compatibility.
No maximum for precious metals held either via storage or available for leases. However, not all metal is guaranteed to be leased at any given time.
Yes, you can add additional gold or silver at any time through purchase or transfer of physical metal.
Through the client portal. Each new lease opportunity provides 5 business days to review and opt out. If you don't opt out, you're automatically allocated.
Submit a withdrawal form through the portal. Choose: cash sale, physical delivery, or transfer. Processing takes a few business days for undeployed metal.
No, gold actively deployed in a lease cannot be withdrawn until the lease term ends (typically 12 months or less).
Allocated pool—the most liquid, efficient, and marketable form of physical ownership. You own proportionate amounts of specific bars/coins.
Yes, via the secure client portal showing real-time balances, lease allocations, dollar value (based on previous day's LBMA PM fix), and total interest earned since inception.
Through the secure online client portal at client.monetary-metals.com with your unique login credentials.
Yes, entire account opening, funding, management, and withdrawal process can be completed online.
Yes, monthly statements provided to all account holders showing all transaction history and details, accessible through the client portal.
Yes, you can configure default settings for automatic participation or manual review of each lease opportunity.
If you don't opt out within 5 business days, you automatically receive pro-rata allocation based on your available metal balance.
Phone: +1 480-867-2100, email through website contact form, or secure messaging through client portal.
Team of Relationship Managers (onboarding), Account Managers, and Client Relations Associates (ongoing support).
Submit application, provide required documents, pass KYC verification, choose funding method, review and sign agreements, receive account credentials. Typically approved within 24 hours.
Account features are generally standard, but transaction spreads vary by volume: Under $250K (0.75%), $250K-$1M (0.55%), $1M+ (0.40%).
US citizens and permanent residents are primary market. International investors evaluated case-by-case and must pass KYC verification.
Monetary Metals may lower minimum requirements as part of promotional efforts or partner programs. Consult with account team about specific situations.
This depends on your needs. Contact Monetary Metals to discuss multiple account structures for different purposes. Returns & Performance
Historically 2.5% to 5% annually, with weighted average around 3-4%. Current weighted average: 3.32% (January 2025). Published on monetary-metals.com.
Historically 6% to 19% annually, with higher returns reflecting higher risk and longer terms.
3.32% for gold leases only; 6.72% for all leases and bonds combined (January 2025).
No, yields are historical and depend on available opportunities, lessee/borrower performance, and your opt-in selections. Past performance doesn't guarantee future results.
In ounces of gold or silver, not dollars. You earn physical metal, growing your total ounce holdings.
Yes, via silver leases and bonds when deployed in specific opportunities.
Yes, by reinvesting yields. Interest payments can be left in the account and automatically deployed in new lease opportunities for compounding.
Yields offset and exceed typical 0.5% annual storage fees charged elsewhere. Instead of paying to store gold, you earn income on it.
Investors retain full gold price exposure—price gains are separate from yields. You benefit from both ounce growth (yield) and any dollar price appreciation.
Use the online calculator on monetary-metals.com. Input your ounces, select rate and duration to see projected earnings.
Yes, lease yields have ranged 2-5%, subject to market conditions and available opportunities. Bond yields vary more widely (6-19%).
Bond rates have reached as high as 19% annually for certain mining projects with higher risk profiles.
Historical average has been in the 3-4% range for gold leases, with individual opportunities varying based on lessee and terms.
Only on metal deployed in active leases or bonds. Undeployed metal stored free but earns no yield (unless in Lease Yield Account structure).
Monthly for leases (interest paid monthly), quarterly for bonds. The more frequently you reinvest, the faster compounding occurs.
100 ounces at 3% annually = 3 ounces earned per year = 0.25 ounces per month = 103 total ounces after one year.
Perfect: Zero defaults, zero loss of metal, zero late payments since inception in 2016 through January 2025.
No, all payments have been on time throughout the company's history.
Your earnings are in ounces. If gold price rises, the dollar value of your ounce earnings increases, but you still receive the same number of ounces promised.
Yes, the client portal shows total interest earned since account inception in ounces, plus dollar value based on current prices.
Yes, different leases and bonds offer different rates (2.5-19% range), so your overall return depends on which opportunities you participate in.
Participate in all opportunities (don't opt out), reinvest yields for compounding, and consider bonds if you're an accredited investor and can accept higher risk.
Hard to compare directly since returns are in ounces, not dollars. You get steady ounce growth (3-7%) plus any gold price appreciation, unlike stocks/bonds which only provide dollar returns.
Your returns will be lower than the weighted average if you selectively opt out of opportunities. The weighted average assumes participation in all available opportunities.
For leases: first interest payment typically within 30-45 days after lease commencement. For bonds: first quarterly payment within first quarter of bond term. Risks & Security
Four main categories: (1) Counterparty risk (borrower default), (2) Market risk (gold price decline in dollar terms), (3) Liquidity risk (locked during lease term), (4) Platform risk (company solvency).
Historically perfect: zero defaults, zero loss of metal, zero late payments. However, past performance doesn't guarantee future results.
Through multiple protections: three-layer insurance, personal/corporate guarantees, real-time monitoring, ERP integration, RFID tracking, third-party audits, and legal structure ensuring title remains with investor.
You benefit from price gains since you retain ownership. Your ounce holdings grow through interest, and the dollar value of all your ounces increases with price.
Your ounce holdings still grow (you get more ounces than you started with), but the dollar value may decline. You've reduced the downside by earning income.
No financial penalties, but gold actively in a lease cannot be withdrawn until lease end. Undeployed metal can be withdrawn anytime.
Through: rigorous vetting of borrowers, insurance requirements, personal/corporate guarantees, continuous monitoring, ERP integration, site visits, and legal structures maintaining physical presence of gold.
Held as allocated pool, meaning you own proportionate amounts of specific bars/coins. Ownership is tracked precisely through Monetary Metals' ledger system.
Minimized through: thorough vetting (10-step process), insurance (3 layers), guarantees (personal & corporate), real-time monitoring, and legal rights to repossess.
Metal stored in multiple locations worldwide provides diversification. Monetary Metals works with depositories in stable jurisdictions.
Very transparent. Detailed risk factors and mitigations disclosed in every lease and bond presentation for investor review before participation.
Monetary Metals has clear legal right to repossess gold as it's a true lease (not a loan). Gold is outside the bankruptcy estate. Insurance and guarantees provide additional protection.
Client gold is outside Monetary Metals' bankruptcy estate. Personnel would return gold in storage and unwind leases as they terminate. Your metal is segregated from company assets.
No, this is not a bank account. Protection comes from insurance policies, legal structure, guarantees, and the fact you own physical metal.
No, your gold is held at third-party depositories, not owned by Monetary Metals. Title always remains with you.
SOC 2-compliant environment with encryption (data in transit and at rest), role-based access controls, multi-factor authentication, continuous monitoring, and segregated environments.
SOC 2 Type II certification requires regular third-party audits of security controls and processes.
Depositories carry insurance covering full replacement value of metals. Additionally, Monetary Metals' supplemental insurance provides another layer.
Depository insurance and Monetary Metals supplemental insurance are disclosed for each lease. Coverage includes full replacement value, not just dollar value at time of loss.
Enterprise-grade security including encrypted channels for all integrations, vulnerability assessments, hardened configurations, continuous monitoring, and SOC 2 compliance. Insurance & Protection
Three-layer structure: (1) Vault/depository insurance, (2) Lessee property insurance (Monetary Metals as loss payee), (3) Monetary Metals supplemental DIC/DIL policy.
Difference in Conditions/Difference in Limits—supplemental coverage through leading UK global insurer covering gaps in standard coverage like theft, fraud, and bad acts by owners.
Yes, all insurance costs are covered—no separate fees to investors. Lessees pay for their property insurance, and Monetary Metals pays for supplemental coverage.
Insurance covers the replacement cost in ounces, not just dollar value at time of loss. If gold price increases, coverage reflects current value.
No, bonds have different insurance structures disclosed in individual bond presentations. They don't typically have the same three-layer insurance as leases.
Directors & Officers (D&O) coverage, Errors & Omissions (E&O), limited premises liability, auto rental coverage, and cyber insurance.
Lessees pay for their property insurance, Monetary Metals pays for supplemental DIC/DIL coverage and vault insurance. No separate insurance costs to investors.
Monetary Metals, as loss payee, files claims with both lessee's insurance and supplemental policy. Multiple layers ensure maximum recovery.
Personal guarantees make owners' personal assets subject to collection in default events, providing additional recourse beyond insurance.
True lease structure means gold is lessor's property, outside lessee's bankruptcy estate. Legal agreements establish this right, enforced through monitoring and controls.
No, lease agreements prohibit using leased gold as collateral since title remains with the investor.
Daily inventory reporting via API, ERP integration, RFID tracking, third-party audits, site visits, and continuous compliance monitoring.
Through API integrations with lessee ERP systems, partnerships with secure logistics providers using RFID, and independent third-party audits.
Yes, site visits and walkthroughs are part of the due diligence process, with ongoing monitoring throughout lease terms.
Monetary Metals can terminate the lease and repossess gold. Lease agreements include covenants that must be maintained.
Continuously through real-time monitoring systems, with regular third-party audits and site visits as needed.
Multiple layers (lessee insurance + supplemental DIC/DIL + personal/corporate guarantees) minimize this risk. Perfect track record to date means theoretical only.
Yes, all vault partners must meet criteria including willingness to support independent third-party attestation and verification.
Vault selection criteria includes willingness to support client visitation and inspection. Arrangements can be made through Monetary Metals.
Multiple avenues: insurance claims, personal guarantee enforcement, corporate asset collection, liens where filed, and legal proceedings in relevant jurisdiction. Technology & Operations
Internal ledger and settlement engine with true double-entry accounting for all metal and fiat transactions, calculating gold balances to five decimal places.
Gold balances calculated to five decimal places in ounces (e.g., 10.12345 oz) for maximum precision.
Automated daily inventory reporting from vaults, transport partners, and lessees providing real-time position verification and reconciliation.
Secure online platform showing real-time balances, lease/bond allocations, dollar value (LBMA PM fix), total interest earned, transaction history, and monthly statements.
SOC 2-compliant controls including encryption (in transit and at rest), role-based access, multi-factor authentication, continuous monitoring, segregated environments, and routine vulnerability assessments.
All data encrypted in transit and at rest using enterprise-grade encryption. All integrations with vaults, partners, and lessees over secure, encrypted channels.
Industry-recognized standard validating security, availability, and confidentiality of systems through rigorous third-party audits. Monetary Metals achieved this in 2024.
Through true double-entry accounting in proprietary internal ledger, with all fiat and metal transactions tracked, reconciled across vaults/lessees/clients, and documented with confirmations/invoices.
Daily. Monetary Metals imports external holdings reports from depositories, vaults, and transport companies daily, and receives daily inventory reporting via API from lessees.
Yes, balances calculated to five decimal places with daily reconciliation across multiple systems and external verification from depositories and lessees.
SOC 2 compliance requires redundancy, disaster recovery, and business continuity planning. Specific details are part of security protocols.
Role-based access controls, multi-factor authentication, and continuous monitoring ensure only authorized personnel and clients can access accounts.
Currently web-based portal accessible via browser. Some customers have mentioned desire for mobile app in reviews.
Internal ledger tracks all transactions, external holdings reports imported daily, API-driven inventory reporting from lessees, robust documentation system with confirmations/invoices.
Multiple verification systems (internal ledger + external reports + API feeds + third-party audits) provide redundancy. SOC 2 compliance requires error detection and correction procedures.
Multi-factor authentication, role-based access controls, transaction confirmations, and audit trails for all activities.
Real-time portal access, monthly statements, transaction history, holdings reports, and interest earned summaries.
Yes, through the client portal. Monthly statements also available for download.
Account notifications delivered via email and/or through client portal for new lease opportunities, payments, and important account updates.
SOC 2 compliance requires high availability. Specific uptime SLAs maintained as part of operational standards. Storage & Vaulting
Multiple best-in-class depositories and vaulting institutions worldwide. Specific locations include facilities operated by partners like Loomis, Brinks, and Malca Amit.
Currently free as long as you maintain 10oz in your gold lease yield account. Monetary Metals reserves right to charge fees with 30 days' notice.
Yes currently. Storage is free for metal whether deployed in leases or held as undeployed. This eliminates the typical 0.5%+ annual storage fees charged elsewhere.
Multiple global locations including facilities in the United States and internationally, providing geographic diversification.
Delaware Depository is mentioned as one example. Full list includes Loomis, Brinks, Malca Amit, and others meeting Monetary Metals' criteria.
Yes, all vault and depository partners must be audited and insured as part of Monetary Metals' selection criteria.
Yes, upon withdrawal from undeployed balance. You can convert allocated pool to specific bullion products for physical delivery.
Based on 11 criteria: operational history, financial strength, jurisdictional breadth, competitive costs, insurance (full replacement value), background checks, tax implications, legal capabilities, willingness to support third-party verification, client visitation support, and client-specific requirements.
Insurance covering 'full replacement value' of precious metals—not just dollar value at time of loss—critical protection against price increases.
Yes, vault selection criteria includes willingness to support client visitation and inspection. Contact Monetary Metals to arrange.
Professional depository-grade security including physical security, insurance, audits, and strict access controls meeting industry standards.
This would typically be handled through Monetary Metals' operations team. Metal held as allocated pool facilitates transfers between approved facilities.
Held as allocated pool—you own proportionate amounts of specific bars/coins. Not individually segregated, but ownership precisely tracked.
Vault insurance plus Monetary Metals' supplemental insurance provides multiple layers of protection. Partner vaults selected for financial strength and operational history.
Processing typically takes a few business days for undeployed metal. Shipping time depends on location and delivery method selected.
Major bullion products. Your allocated pool can be converted to coins, bars, or other standard forms accepted by Monetary Metals.
Shipping costs may apply for physical delivery. No fees for selling metal or keeping it in the account.
Transport handled by professional logistics partners (Malca Amit, Brinks, Loomis) with full insurance coverage during transit.
Monetary Metals manages vault relationships and allocations. Clients don't typically choose specific vaults, but benefit from diversification across the network.
Allocated pool is the most liquid, efficient, and marketable form of physical ownership—supported by World Gold Council. Perfect for yield generation while maintaining physical ownership. Regulatory & Legal
No, Monetary Metals is not an investment advisor and does not provide investment advice or recommendations.
No, Monetary Metals is not a Broker Dealer. It partners with registered broker dealers (Ashton Stewart) for securities transactions (bonds).
A registered broker-dealer (Member FINRA/SIPC) located at 1395 Brickell Ave. Suite 800, Miami, FL 33131, partnering with Monetary Metals for securities offerings.
Partnership established September 2016. Ashton Stewart provides broker-dealer services for gold/silver bonds (securities) and compliance oversight for securities-related sales activities.
No, Ashton Stewart & Co., Inc. is NOT affiliated with Monetary Metals. They are an independent partner providing broker-dealer services.
Gold and silver bonds are securities under SEC regulations, requiring registered broker-dealer involvement for compliance with securities laws.
No, gold leases are NOT securities. They're structured as true leases of personal property, not subject to securities regulations.
Gold bonds must comply with private placement regulations as securities offered to accredited investors through registered broker-dealer.
Financial Industry Regulatory Authority—self-regulatory organization that oversees broker-dealers and securities activities.
Securities Investor Protection Corporation—provides limited protection for securities held by member broker-dealers. Note: physical gold leases not covered by SIPC.
As a non-registered entity for leases (not securities), with broker-dealer partnership for bonds (securities). Subject to applicable state and federal laws.
Full-time General Counsel Jeff Deist, plus outside counsel including Dentons US LLP, Norton Rose Fulbright US LLP, and Quarles & Brady LLP.
Licensed attorney with degrees in law and taxation. Previously worked at KPMG and other major firms specializing in private equity, M&A, and tax.
Yes, general consumer protection laws apply. Monetary Metals maintains A+ BBB rating and SOC 2 certification demonstrating commitment to client protection.
Comprehensive disclosures in each lease and bond presentation including risks, mitigants, terms, insurance coverage, and all material information.
Yes, various state laws may apply depending on investor location and transaction type. Monetary Metals maintains compliance across jurisdictions.
Account agreements specify dispute resolution procedures. Legal recourse available through courts in relevant jurisdiction.
Depositories subject to state and federal regulations governing precious metals storage facilities, plus insurance and audit requirements.
Yes, Monetary Metals conducts AML/KYC screening for all clients and management of companies seeking financing.
All investors must pass KYC verification including identity verification (government-issued ID), address verification, and AML screening before account approval.
Standard financial reporting requirements apply. Monetary Metals issues tax forms (1099-INT for US taxpayers) as required.
Monetary Metals monitors regulatory environment and adapts operations as needed to maintain compliance with evolving requirements.
Yes, including disclosure requirements, accreditation verification for bonds, and various consumer protection laws.
True lease structure for leases, clear title documentation, legal agreements establishing ownership rights, and segregation from Monetary Metals' assets.
You do. For leases, title always remains with the investor. For storage, clear documentation establishes your ownership. Fees & Costs
Only transaction spreads when buying/selling metal. NO storage fees, NO insurance fees, NO management fees, NO account maintenance fees.
No, storage is currently free as long as you maintain 10oz in your gold lease yield account.
No, all insurance costs covered. Investors pay nothing for the three-layer insurance structure protecting leased gold.
No, Monetary Metals earns revenue through spreads on lease/bond rates, not through management fees charged to investors.
Volume-based: Under $250k (+/- 0.75%), $250k-$1M (+/- 0.55%), $1M or more (+/- 0.40%).
When buying metal through Monetary Metals, you pay spot price plus the spread percentage. When selling, you receive spot price minus the spread percentage.
Net to investors. Published rates (e.g., 3% lease rate) are what you receive after Monetary Metals takes its market-making fee.
Through spread between what lessees/borrowers pay and what investors receive. Example: lessee pays 6%, investor gets 4%, Monetary Metals earns 2%.
No withdrawal fees, but shipping costs may apply if requesting physical delivery of metal.
No fees to open or maintain an account.
No financial penalties for opting out of leases or closing accounts (subject to waiting for active leases to end).
Very competitive. Low spreads (0.40-0.75%), no storage fees, no management fees. Competitors often charge 0.5%+ annual storage plus transaction fees.
Everything. The rate you see (e.g., 3%) is net to you after all costs, fees, and Monetary Metals' compensation.
No hidden fees. All costs disclosed upfront: transaction spreads for buying/selling, and potential shipping costs for physical delivery.
ETFs charge ongoing management fees (0.40%+). Monetary Metals charges no management fees, and you earn positive yield instead of paying ongoing costs.
Home storage has security risks and potential insurance costs. Monetary Metals provides professional storage free, plus you earn yield.
Monetary Metals reserves right to charge storage fees with 30 days' notice per account agreement. If implemented, fees would be disclosed clearly.
No, yields depend on available opportunities and lessee performance. All quoted rates subject to lessee/sublessee performance.
Yes, if you hold long-term. Example: 0.75% spread paid once when buying, but 3% annual yield significantly exceeds that over time.
Not typically applicable as transactions in USD or metal. International wire transfers may have bank fees. Tax Considerations
Yes, potentially taxable as income. US clients receive 1099-INT forms. Consult tax professional for specific situation.
Possibly, avoiding immediate taxable gains when metal-for-metal transactions occur. Consult tax advisor about like-kind exchange treatment.
1099-INT for US taxpayers showing interest income earned during the tax year.
Yes, tax treatment varies by country and individual circumstances. International investors should consult local tax professionals.
May be treated as rental income, or deferred if structured as like-kind. IRS hasn't issued specific guidance on gold leasing. Consult tax professional.
Likely taxed as interest income. Since bonds are securities, standard bond taxation rules may apply. Consult tax professional.
Yes, when you eventually sell gold, capital gains taxes may apply based on your cost basis and holding period.
Initial purchase price plus any additional metal purchased, minus any metal sold. Keep detailed records of all transactions.
Complex—depends on IRA structure. Self-directed IRAs with specific structures may be possible. Consult self-directed IRA specialist and tax advisor.
W-8BEN or W-8BEN-E forms required. US withholding may apply depending on tax treaty. Consult international tax advisor.
Potentially, depending on your state. Some states tax precious metals transactions or income differently. Consult state tax advisor.
Report interest income shown on 1099-INT form on your tax return. Consult tax professional for proper reporting method.
All transaction confirmations, monthly statements, 1099-INT forms, purchase/sale records, and documentation of cost basis.
Yes, precious metals holdings should be included in estate planning. Consult estate planning attorney.
Passes according to account type: individual (estate/probate), joint (surviving holder), trust (trust terms), company (company structure).
Depends on account type. Some structures allow beneficiary designations. Discuss with account team and estate planning attorney.
Potentially, if transferring large amounts of metal to others. Consult tax professional about gift tax rules and exclusions.
US taxpayers may need to file FBAR or FATCA reports if foreign account values exceed thresholds. Consult international tax advisor.
If gold value declines, potential to realize capital losses when selling. Strategy should be discussed with tax professional.
If earning significant interest income, may need quarterly estimated payments. Consult tax professional about estimated tax obligations. Comparisons to Alternatives A. General Uniqueness & Fundamental Differences
Traditional investing (buying/holding coins, bars, or ETFs) offers only price appreciation with potential storage costs or fees; Monetary Metals adds a real yield (2–4% in leases, up to 19% in bonds) paid in physical ounces, turning gold from idle to productive.
It leases metal to businesses (jewelers, mints, miners) for operations, enabling gold to finance production and earn returns, unlike passive vaults or home storage where gold sits unused.
Gold is money; fiat yields debase value via inflation. Yields in ounces preserve and grow purchasing power in metal terms, compounding holdings without currency risk.
Free storage + yields offset/eliminate typical ~0.5% fees; investors earn instead of paying, addressing industry-wide deadweight loss.
Dealers focus on transactions/spreads; Monetary Metals adds income generation via leases/bonds while handling buying/selling with low spreads (0.40–0.75%).
Home/delivery options incur risks/costs without yields; Monetary Metals provides secure, insured depository storage for free + optional productive leasing.
It prioritizes yield marketplace over spot trading/ETFs; connects owners directly to productive users for in-kind returns.
Fiat causes debasement; passive gold incurs negative carry. Monetary Metals makes gold earn like money should, via productive finance.
Spot platforms enable buying/selling; the Marketplace matches owners with businesses for yields in metal, not fiat.
Profits via small spread on lessee fees; no fees unless yields are generated (free storage incentivizes participation).
Only company offering true physical gold leases with yield paid in metal, free storage, zero defaults, and perfect track record since 2016. B. Monetary Metals vs. Physical Bullion & Storage
Bullion sits idle, often costing you via storage/insurance fees and no income; Monetary Metals provides free storage + yields (2–5% in leases) paid in additional ounces, growing your holdings regardless of price.
Conventional bullion incurs ~0.5% annual fees (industry-wide burden ~$150B); Monetary Metals offers free, insured storage at audited depositories, profiting only from lease spreads when you earn.
No—home/dealer storage risks theft/loss + no yield; Monetary Metals adds productive income (leases to businesses) while retaining ownership and price upside.
Price gains are uncertain; yields compound ounces reliably (e.g., reinvest to grow from 100 oz to more over time), turning bullion from a cost center into an income source.
Leases metal to vetted businesses (jewelers, mints, refiners) for operations; bullion is idle, but Monetary Metals finances production, earning you 2–4%+ in metal.
Yes—bullion grows only via price; Monetary Metals adds compounding yields in ounces (e.g., 3.32% weighted average leases), building more metal over time.
'Set and forget' bullion erodes via fees/inflation opportunity cost; Monetary Metals' free storage + optional yields simplify while enhancing returns—no added complexity for undeployed metal.
Home holding risks theft/loss + no yield; Monetary Metals offers insured, free storage + 2–4% yields.
Eliminates ~0.5% annual fees; free storage + yields turn cost into income.
Conventional vaults charge fees; Monetary Metals waives them, with yields possible on deployed metal.
No fees + productive yields vs. pure cost; metal remains allocated/insured.
Puts metal to work earning ounces; idle gold loses via inflation/storage.
Reverses negative carry; earns 2–4% net in metal.
Free base storage + optional leasing for positive returns.
Perth charges fees; Monetary Metals free + yields via business leases.
Adds income layer; focuses on private, productive financing vs. pure custody.
Gains yield/compounding in ounces while retaining ownership/price exposure. C. Monetary Metals vs. Gold ETFs
ETFs track price minus fees (0.40% for GLD); no yield. Monetary Metals adds 2–4%+ in metal with free storage and physical ownership.
ETFs have negative carry; Monetary Metals positive via leases, offsetting any costs.
True allocated metal + yields; ETFs are paper claims with counterparty/custody risks.
ETFs rely on trusts/custodians; Monetary Metals uses physical leases with vetted businesses + insurance.
Direct physical allocation; no futures/paper mismatches.
Compounds ounces via yields; ETFs erode via fees.
Adds real yield; ETFs only price change net of costs.
Treats gold as productive currency; ETFs as dollar-denominated asset.
IAU ~0.25% fee drag; Monetary Metals free + positive yields.
Direct title retention; no trust intermediaries. D. Monetary Metals vs. Other Vault/Allocated Storage Platforms
Goldmoney focuses on storage/trading with fees; Monetary Metals adds yields + free storage.
Yields in metal + no storage fees vs. Goldmoney's costs.
BullionVault low-cost trading/storage fees; Monetary Metals income via leases.
Adds productive yields; BullionVault emphasizes peer-to-peer trading.
OneGold lower fees but no yields like Monetary Metals' leases.
In-kind yields vs. OneGold's trading/storage focus.
Turns allocation into income source.
No fees + positive returns vs. their minimums/percentages.
Yields + direct leases vs. trust structure/fees.
Adds income layer absent in pure allocated storage.
Yellow Metal, Goldex Technologies, Goldmoney, Tradewind Markets, OneGold, Lear Capital, Alpine Gold Exchange.
Alpine: Lower minimums, full-reserve vault model (gold never leaves), simpler, 2-3.5% yields. Monetary Metals: Higher minimums (10oz), higher yields (2-19%), gold used productively, broader marketplace.
Allocated storage: Safe, but costs 0.5%+ annually, no yield. Monetary Metals: Free storage plus earn 2-19% yields.
Gold savings accounts: Some offer small yields but often have paper gold exposure. Monetary Metals: Physical metal, higher yields, transparent structure.
Unallocated: Gold on institution's balance sheet, high counterparty risk. Monetary Metals: Allocated pool ownership, lower counterparty risk, plus earn yield. E. Monetary Metals vs. 'Yield' or Leasing Platforms
Monetary Metals: True physical leases, transparent, gold always present, title retained. Bank leases: Often sell gold with promise to repay, opaque, paper-based.
Physical metal stays allocated; no futures/credit extension risks.
Physical focus + business leases vs. digital/hybrid models.
Tangible metal vs. volatile digital; lower counterparty risk.
Rigorous vetting, insurance, track record (70+ leases, perfect payments).
Focus on productive, qualified businesses; transparent opportunities.
Higher yields (6–19%) in metal for accredited; longer terms for expansion.
Yield marketplace vs. tokenized/niche models.
Established since 2012; consistent payments, global deals.
Crypto platforms: Many failed (Celsius, BlockFi), high risk, no physical backing. Monetary Metals: Physical assets, zero defaults, lower risk, 9-year track record. F. Monetary Metals vs. Fiat Bonds & Traditional Fixed Income
Fiat bonds pay in depreciating dollars, vulnerable to inflation/volatility; Monetary Metals bonds yield 6–19% in physical metal ounces, hedging currency risk while preserving wealth in scarce assets.
Fiat yields (e.g., 4–5% Treasuries) lose real value to inflation; Monetary Metals pays in gold/silver (e.g., 12% silver bond example), growing ounces immune to dollar debasement.
Dollars erode purchasing power; metal yields compound scarce assets, aligning with gold's historical role as money (productive until fiat era severed ties).
Fiat bonds have credit/default risk + interest rate volatility (huge losses possible); Monetary Metals bonds back physical metal with vetted borrowers, insurance, and historical perfect track record—though less liquid, focused on accredited investors.
Weiner notes fiat bond price swings (e.g., losses from rate changes); Monetary Metals pays fixed yields in ounces, with returns tied to metal productivity, not fiat rates.
Standard fiat bonds expose you to currency failure; Monetary Metals restores gold/silver as interest-bearing money, financing production without fiat intermediation.
Bullion + fiat bonds mix idle asset + depreciating yield; Monetary Metals combines hedge (metal) + income (yields in metal), reducing fiat exposure entirely.
Separate approach doubles counterparty risks/fees; Monetary Metals integrates yield on the hedge asset itself, in-kind, for efficiency and alignment.
Bullion safety comes with costs/no income; fiat income erodes. Monetary Metals delivers both: safety in physical metal + income in metal.
Inflation/debasement (beats fiat yields), long-term holding (compounds ounces), cost aversion (free storage), productive philosophy (finances real economy).
Replaces passive bullion (adds yield) and fiat bonds (removes currency risk); complements broader portfolios as a true alternative asset with income.
Bullion/fiat bonds have storage/credit risks; Monetary Metals has borrower default risk (mitigated by vetting/insurance), but offers positive carry vs. bullion's negative or fiat's volatility.
Adds 2–5%+ annual yields on top of bullion price moves; outperforms fiat bonds in real terms during inflation (e.g., gold's strength vs. bond losses). G. Monetary Metals vs. Mining Stocks, IRAs & Other Alternatives
Direct metal + yields vs. operational/equity risks in miners.
Mining stocks: High risk, operational exposure, leverage to gold price, but can lose money when gold rises. Monetary Metals: Direct metal ownership, stable yields, less volatility.
Dealers focus on buying/selling physical metal for delivery. Monetary Metals focuses on earning yield on metal you already own. Different purposes.
Gold IRAs store metal for retirement. Monetary Metals earns yields on metal. Could potentially combine by using self-directed IRA to invest with Monetary Metals.
Yields possible; traditional IRAs store without income. Productive returns in metal; potential tax efficiency.
Yields via leases vs. spending/storage focus.
Hedge + real yield in scarce asset vs. fiat/dividend erosion.
Gold/silver as money with yields; not industrial focus.
Gold certificates: Paper promises, counterparty risk. Monetary Metals: Own physical metal, can take delivery, earn yield.
Futures: High leverage, speculation, short-term, no ownership. Monetary Metals: Physical ownership, income generation, long-term focus.
Options: Derivatives, expire worthless, speculation. Monetary Metals: Own physical, earn income, permanent holding.
Mutual funds: Professional management but charge fees, often invest in mining stocks (operational risk). Monetary Metals: Direct metal, no management fees, earn yield. H. Specific Differentiators (Yields, Risks, Operations)
Positive real return in ounces; beats storage/ETF drag.
Higher for longer-term lending; in-kind payments.
Preserves metal wealth; no fiat conversion.
Exponential growth in holdings vs. fiat dilution.
Monetary Metals: Compound in metal (ounces grow geometrically). Traditional investments: Compound in dollars (face debasement risk).
Consistent since 2016; builds trust. Zero defaults, zero loss of metal.
Limits to productive, qualified users; minimizes defaults through 10-step due diligence process.
Insurance, monitoring, physical retention vs. paper risks. Three-layer insurance structure.
Retained title; not loaned/sold. Lessor maintains legal title throughout lease term.
Flexible; only leased portions committed. Undeployed metal can be withdrawn anytime.
Competitive with dealers; no added fees. Volume-based pricing structure.
Taps international demand; diversifies opportunities across five continents.
Low spreads (0.40-0.75%), no storage fees, no management fees. Competitors often charge 0.5%+ annual storage plus higher transaction fees. I. Philosophical & Long-Term Vision
Enables earning/productive use; counters speculation by treating gold as a productive financial instrument.
Yields in gold hedge inflation; restores sound money principles where gold earns interest like money should.
Uses market signals for productive financing rather than pure speculation.
Scales gold-based economy; demonstrates gold can circulate productively in modern commerce.
Leases circulate metal productively through business operations rather than sitting idle.
Demonstrates interest-bearing gold; builds infrastructure for gold-denominated finance.
Weiner views gold as money that should earn interest (historical norm pre-fiat); bullion/fiat bonds treat it as dead or expose to debasement—Monetary Metals unlocks productivity.
Bullion stores passively; Monetary Metals enables saving/earning/financing in metal, circulating it productively.
Bullion avoids fiat but costs to hold; Monetary Metals avoids fiat + earns in metal, fully sound-money aligned.
Not always short-term (price volatility), but long-term compounding in ounces often outperforms pure price bets + avoids storage drag. J. Practical Client-Focused Advantages
Free + yields reverse the cost from negative carry to positive income.
Compounding via in-kind yields; consistent accumulation regardless of price movements.
Permanent holding + income; aligns with 'never sell' philosophy while generating returns.
Yield + price upside in metal terms; double benefit of ounce accumulation plus price appreciation.
Earns like currency; productive role restored as interest-bearing money.
Monetary Metals can be part of diversified portfolio, providing precious metals exposure with income generation—unique combination.
It combines bullion's scarcity/safety with bond-like income—but in metal, not fiat—eliminating costs, hedging debasement, and making gold productive again. International Operations
Yes, with offices in Scottsdale, AZ (headquarters) and Dubai, UAE. Operations span five continents through 75+ funded deals.
Subsidiary established in Dubai (Dubai Multi Commodities Centre) to serve Middle East and Asian markets.
Q1 2025, located at Almas Tower, 54th floor JLT, Dubai, UAE.
Dubai is a major global gold hub with cultural affinity for gold ownership. Middle East, India, and Turkey view gold as permanent wealth and seek returns on holdings.
Partnership with Aga One to mobilize household gold in Turkey, where gold is culturally important and widely held.
Turkish partner working with Monetary Metals to bring gold leasing to Turkey and mobilize household gold for productive use.
Partnership with Gullak, operating in India where gold is culturally significant and 5 million people work in the jewelry sector.
Partnership with Honey Badger Silver, extending Monetary Metals' model into the Canadian market.
Five continents: North America, South America, Europe, Asia, and Africa/Middle East, demonstrating global reach.
Yes, international investors evaluated case-by-case. Must pass KYC verification and meet account requirements.
Government-issued ID and proof of address dated within 90 days, plus completion of W-8BEN or W-8BEN-E forms.
Transactions typically in USD or metal. International wire transfers may incur bank fees.
With offices in Arizona and Dubai, coverage spans multiple time zones. Contact +1 480-867-2100 or through portal.
Scottsdale headquarters can be visited by appointment. Dubai office serves Middle East/Asia operations.
English is primary language. With international expansion, additional language support may be available through regional offices.
Major focus on Middle East, Asia, India, and Turkey where gold culture is strongest. These regions will drive gold standard innovation.
US: More speculative ('buy low, sell high'). Middle East/Asia/India: Permanent holding, seek returns. Monetary Metals taps into latter understanding.
Products adapt to regional needs. For example, Turkey program mobilizes household gold; India partnership works with jewelry sector.
Each jurisdiction has different regulations. Monetary Metals works with local partners and counsel to navigate regulatory landscapes.
Joint ventures and partnerships with local experts who understand regional markets, culture, and regulations.
Scale the Gold Yield Marketplace globally, particularly in regions with strong gold culture, to demonstrate gold can function as productive money worldwide.
Hiren Chandaria, CFA, Managing Director, with 20+ years experience in gold investment and market development.
Mark Pey, with extensive financial services and technology background from Microsoft and J.P. Morgan.
Company continues evaluating opportunities for expansion in key gold markets globally.
Geographically diversified deal flow across continents reduces concentration risk and provides access to diverse opportunities. Customer Experience
Trustpilot: 4+ stars (177+ reviews). Common themes: excellent service, trustworthy, innovative, delivers on promises. BBB: A+ rating.
'Couldn't be happier', 'trustworthy and transparent', 'excellent customer service', 'innovative product', 'delivers on promises', 'no regret becoming a client'.
Some want mobile app (currently web-based), high minimum investment can be barrier for smaller investors.
Same-day to 24-hour response time. Dedicated team of Relationship Managers, Account Managers, and Client Relations Associates.
Gold Outlook Report (annual), weekly Supply & Demand Report, gold basis analysis, data science charts, articles, podcasts, thought series, FAQ, lexicon.
Keith Weiner Economics blog (keithweinereconomics.com), articles on Forbes, Zero Hedge, Kitco, conference presentations, podcasts.
Team members speak at major conferences: New Orleans Investment Conference, LBMA Conference, DMCC Precious Metals Conference, India gold conferences, mining conferences.
Team members attend conferences globally. Office visits to Scottsdale can potentially be arranged by appointment.
Visit monetary-metals.com, click 'Open Account', complete 10-15 minute application, get approved typically within 24 hours, fund account, start earning yield.
Call +1 480-867-2100, email through website contact form, or use secure messaging through client portal after account opening.
Yes, multiple testimonials available on website and Trustpilot from clients since 2018-2019, praising trustworthiness, service, and performance.
Clients have been with Monetary Metals since 2016, with many noting their only regret is 'not becoming a client sooner.'
Trust, transparency, no defaults, monthly income, customer service, innovative approach, educational content, and team expertise.
No defaults, no loss of metal since inception. Market risk (gold price decline) could cause dollar value to drop, but ounce holdings still grow through yield.
Recent funded deals section shows examples: Bunker Hill Mining (12% silver bond), Auvere Jewelry (2% gold lease), AgaBullion (4% silver lease), Kalyan Jewellers (3% gold lease), Valaurum (2.25% gold lease), Jawhara (3% gold lease).
'Thousands of individuals and institutions around the world' according to company description. Mix of individual investors and institutional clients.
Long-term gold holders wanting yield, those seeking alternatives to zero-yield storage, investors comfortable with 10oz+ minimums and 12-month terms, those valuing innovation and transparency.
Those needing immediate liquidity, short-term traders, those uncomfortable with 12-month lockup, those under minimum threshold (10oz gold/1000oz silver).
Relationship Managers guide through account creation, funding, and lease preference setup. Then Account Managers handle ongoing support.
Email notifications for new lease opportunities (5-day review period), monthly statements, account updates, educational content if subscribed to newsletter. Additional Questions
Organization where Keith Weiner serves as President, dedicated to advancing understanding and adoption of the gold standard as a monetary system.
Annual report published by advisor Ronald P. Stöferle since 2007, now a benchmark publication on gold, money, and inflation.
Theory by advisor Brent Johnson explaining dollar strength dynamics. Johnson is CEO of Santiago Capital with 25+ years financial experience.
'Free Trade in the Twenty-First Century: Economic Theory and Political Reality' (Springer, 2025), contributed monetary chapter.
Yes, working on a chapter for a new book on the next monetary system, with focus on interest as key to transition.
PDAC, 121 Mining, Mining Indaba, Mines & Money London, IMARC, CIM (Miranda), LBMA, DMCC, New Orleans Investment Conference, India conferences.
Program seeking to eliminate mercury used by artisanal and small gold miners. Miranda Werstiuk serves as Chair of its Program Advisory Group.
Women in Mining Toronto. Miranda Werstiuk is long-standing participant and committee member.
Canadian standard for mineral resource reporting, reviewed by Monetary Metals when evaluating mining bond opportunities.
Australasian standard (Joint Ore Reserves Committee) for mineral resource reporting, also reviewed for mining bonds.
Anti-Money Laundering / Know Your Customer - screening procedures to prevent financial crimes, applied to all clients and lessees.
London Bullion Market Association - global authority on precious metals. Monetary Metals actively applying for affiliate membership.
London Bullion Market Association PM (afternoon) fixing price - daily benchmark used for gold/silver pricing. Used by Monetary Metals for valuation.
Enterprise Resource Planning integration - direct API access to lessee business systems for real-time inventory monitoring.
Radio-Frequency Identification tracking - technology used with logistics partners to physically track leased gold in real-time.
When you don't opt out of a lease, you receive proportional allocation based on your available metal balance relative to total available.
Under SEC rules: individual with $1M+ net worth (excluding primary residence) OR $200K+ annual income (single)/$300K+ (joint) for past 2 years.
Yes, word-of-mouth referrals welcome. Contact team about potential referral programs or partner opportunities.
Contact Monetary Metals about partnership opportunities. Company works with various partners globally.
Subscribe to 'The Yield' newsletter, follow on Twitter/X (@Monetary_Metals), LinkedIn, YouTube, Facebook, or check website newsroom.
Monetary Metals' newsletter providing updates on company news, new lease opportunities, educational content, and market insights.
Twitter/X: @Monetary_Metals and @RealKeithWeiner, LinkedIn: Monetary Metals & Co., YouTube: @Monetary-metals, Facebook: MonetaryMetals.
Newsroom section on monetary-metals.com contains press releases, company announcements, and media coverage.
First patent issued Q3 2022 related to precious metals financing and marketplace technology. Additional patents may be pending.
Custom-built internal ledger, settlement engine, five-decimal precision calculations, API integrations, and reconciliation systems unique to Monetary Metals.
Yes, thousands of individuals AND institutions worldwide use the platform. Contact team for institutional account discussion.
Leases: Allocation based on available metal. Financing for businesses: typically $5M-$30M range.
Varies by opportunity. 10-step process for leases, 14-step for mining bonds. Can take weeks to months depending on complexity.
Monetary Metals may lower minimum from time to time for promotions or partner programs. Current account holders grandfathered.
Account ownership typically cannot be transferred. Consult with team about specific situations (e.g., death, divorce, business changes).
Contact team to update information. May affect tax treatment and reporting requirements. International investors evaluated case-by-case.
Must maintain minimum balance (10oz gold or 1000oz silver). No requirement to participate in all leases, but participation drives returns.
Wait for active leases to end, then request withdrawal of all metal. Account can then be closed. Contact team for process.
Account agreement specifies dispute resolution procedures. Customer service team works to resolve issues. Legal recourse available if needed.
Contact customer service first. Can escalate through management. Can also submit feedback via thumbs down on interactions or contact BBB.
No public record of regulatory actions. Company maintains A+ BBB rating and SOC 2 certification demonstrating compliance commitment.
SOC 2 audits (third-party), Cherry Bekaert financial audits (annual), depository audits, third-party insurance verification, BBB rating.
No public record of significant litigation. Perfect performance record (zero defaults) reduces likelihood of customer disputes.
Insurance covers loss, geographic diversification across multiple vaults reduces risk, business continuity planning part of SOC 2 compliance.
Hypothetical scenario. Historically, leases and productive use have different treatment than hoarding. Consult legal counsel if concerned.
Gold held at professional depositories, not by government. Legal title remains with you. Same risks as any private property ownership.
Advocates for sound money and free markets. Keith Weiner critiques central planning and fiat currency. Company operates within current legal framework.
Critical of central bank monetary policy and irredeemable currency. Believes in gold-backed money and market-determined interest rates.
Company advocates for sound money principles and gold standard. Keith Weiner's economics draws from Austrian School. Not affiliated with political parties.
Economic school emphasizing free markets, sound money, limited government. Keith Weiner has PhD from New Austrian School of Economics.
Ludwig von Mises and Murray Rothbard - influential Austrian School economists. Jeff Deist was president of Mises Institute for 10 years.
Central banks: opaque, often sell gold with repayment promise, tied to fiat funding markets. Monetary Metals: transparent, true physical leases, gold always present.
No, operates in different sphere. Central banks lend to governments/banks. Monetary Metals connects private investors with productive businesses.
Yes, arguably building the infrastructure for a future gold standard by demonstrating gold can earn interest and finance production.
Monetary Metals would be positioned as established platform for gold-denominated finance, potentially experiencing significant growth.
Yes, Keith Weiner believes a paradigm shift is inevitable. Company building private market infrastructure for productive gold finance.
Economic concept in Keith Weiner's work - as debt increases, additional economic output per unit of new debt decreases, driving interest rates lower.
Physical movement of gold through supply chains - critical for due diligence. Monetary Metals must understand how lessees use gold in operations.
Mixed together without individual segregation. Monetary Metals uses allocated pool (not commingled in the sense you can't withdraw specific bars), but ownership precisely tracked.
Insurance covering replacement cost in ounces, not just dollar value at time of loss. Critical for price increase protection.
Party receiving insurance proceeds in case of claim. Monetary Metals listed as loss payee on lessee insurance certificates.
Legal structure where lessor retains title and lessee rents the property. Same structure as apartment or car lease, applied to gold.
Lease: lessor retains title, physical property present. Loan: borrower owns proceeds, must repay. Leases not securities; loans (bonds) are.
Gold used in business operations (inventory, work-in-progress, manufacturing) by companies creating goods/services, not speculation or trading.
'A world where everyone can save, earn, and finance production in gold and silver' - restoring gold's role as productive money globally. Final Summary
(1) Earn 2-19% yields paid in gold/silver ounces, (2) Free storage, (3) Own physical metal, (4) Zero defaults since 2016, (5) Professional security, (6) Compound growth potential.
(1) Counterparty risk (though mitigated by insurance/guarantees/monitoring), (2) Market risk (gold price decline), (3) Liquidity risk (12-month lockup), (4) Platform risk (company dependence).
Long-term gold holders wanting yield, those seeking alternatives to zero-yield storage, investors comfortable with 10oz+ minimums and 12-month terms, those valuing innovation and transparency.
Short-term traders needing immediate liquidity, those unable to meet minimums (10oz gold/1000oz silver), those uncomfortable with counterparty risk, those preferring complete physical control.
Visit monetary-metals.com, click 'Open Account', complete 10-minute application, get approved (typically 24 hours), fund with cash or existing metal, start earning yield in ounces. This FAQ compiled from: Official Monetary Metals Due Diligence Questionnaire 2025, company website, customer reviews, Keith Weiner's writings, media coverage, and independent research. Document Version: 4.0 (Numbered Q&A Format) Last Updated: January 2026 Total Questions: 573 For Latest Information: Website: www.monetary-metals.com Phone: +1 480-867-2100 Email: Through website contact form Important Disclaimer: This FAQ is for informational purposes only and should not be considered investment advice. All investments carry risk. Past performance does not guarantee future results. Consult professional advisors before making investment decisions. Content based on publicly available information as of January 2026. © 2026 - Compiled for educational purposes. Monetary Metals®, Gold Yield Marketplace®, Yield on Gold, Paid in Gold®, Gold Financing, Simplified™, and Unlocking the Productivity of Gold™ are trademarks of Monetary Metals & Co.
| Platform | URL | Bio |
|---|---|---|
| Monetary Metals LinkedIn Profile | https://www.linkedin.com/company/monetary-metals-&-co./ | Profile for Monetary Metals on LinkedIn |
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| Monetary Metals UAE Website | https://www.monetary-metals.ae/ | Website for Monetary Metals in the United Arab Emirates (UAE) |
| Monetary Metals Inc. Profile | https://www.inc.com/profile/monetary-metals | Profile for Monetary Metals in Inc. |
| Monetary Metals Pitch Book Profile | https://pitchbook.com/profiles/company/155796-94 | Profile for Monetary Metals in the Pitch Book database |
| Monetary Metals Tracxn Profile | https://tracxn.com/d/companies/monetary-metals/__tWpXFqZV_Ax5kTWcCI_QekEMBATS_E_6yIVgznl7OwM | Profile for Monetary Metals in Tracxn database |
| Monetary Metals Better Business Bureau (BBB) Profile | https://www.bbb.org/us/az/scottsdale/profile/investment-management/monetary-metals-1126-1000087817 | Profile for Monetary Metals in the Better Business Bureau (BBB) directory |
| Monetary Metals Crunchbase Profile | https://www.crunchbase.com/organization/monetary-metals | Profile for Monetary Metals in Crunchbase |
| Monetary Metals Google Patents Profile | https://patents.google.com/?assignee=Monetary+Metals+%26+Co | Google patents profile for Monetary Metals as an assignee |
| Monetary Metals Google Business KGMID | https://www.google.com/search?kgmid=/g/11vldcrgw9 | The KGMID associated with Monetary Metals physical address and Google Business Profile |
| Monetary Metals alternative name KGMID | https://www.google.com/search?kgmid=/g/11f01bkd18 | The KGMID associated with Monetary Metals Corp, an alternative name for Monetary Metals & Co |
| Monetary Metals Trustpilot profile | https://www.trustpilot.com/review/monetary-metals.com | View Trustpilot reviews for Monetary Metals |
| Monetary Metals Bloomberg company profile | https://www.bloomberg.com/profile/company/1627759D:US | The Bloomberg private company profile for Monetary Metals |
| Monetary Metals bitscale.ai profile | https://bitscale.ai/directory/monetary-metals-and-co | Monetary Metals profile on bitscale.ai |
| Monetary Metals PR Newswire profile | https://www.prnewswire.com/news/monetary-metals-%26-co./ | PR Newswire profile for Monetary Metals |
| Monetary Metals Rocket Reach Profile | https://rocketreach.co/monetary-metals-co-profile_b44cf87bfd5765aa | Rocket Reach profile for Monetary Metals |
| Monetary Metals privco.com profile | https://www.privco.com/company/monetary-metals | Profile for Monetary Metals on privco.com |
| Monetary Metals CB Insights profile | https://www.cbinsights.com/company/monetary-metals | CB Insights profile for Monetary Metals |
| Monetary Metals Bullion.Directory listing | https://bullion.directory/bullion-dealers/monetary-metals-reviews/ | Bullion.Directory reviews listing for Monetary Metals |
| Monetary Metals Instagram profile | https://www.instagram.com/monetary_metals/ | View the Instagram profile for Monetary Metals |
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| Monetary Metals Wikidata entry | https://www.wikidata.org/wiki/Q139589172 | Monetary Metals Wikidata entry |
| Monetary Metals OpenCorporates profile | https://opencorporates.com/companies/us_de/5166254 | Monetary Metals OpenCorporates profile |
