Bitcoin: Oh Why Did You Have to Crash?

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 measure Bitcoin, not the other way around (and one must measure the value of the dollar using gold).

As we can see in the table below (taken after the crash on Wednesday) the stack of bids and offers was quite thin. If one needed to sell $10,000 worth of Bitcoins one would push the bid down to $29. Copper, even late at night, has vastly more liquidity than this. Bitcoin might be more similar to options on May 2017 molybdenum futures.

bitspreads

(source: https://bitcoin-24.com/market)

Regardless of whether or not Bitcoin is a “good”, the bid-ask spread is the opposite of what we would expect to see for something that is claimed to be money. Money is the most marketable good. The key attribute of marketability is a narrow bid-ask spread that does not widen much as the quantity increases. Needless to say $10,000 is not a large quantity. It’s just a handful of gold coins. Bitcoin is not very marketable (I also argue that it is not a good).

A wide bid-ask spread, with a thin stack of bids and asks, is conducive to spikes and crashed. The moment someone enters the market who must trade immediately (and hence must take the bid if he is a seller or the ask if he is a buyer), he will move the market disproportionally. This creates a feedback loop for a while as the market makers pull back, concerned with the volatility. If another seller jumps, the market could collapse.

Bitcoin also has another problem. It can be disrupted by denial-of-service attacks. A DOS attack may have begun the cascade of events that turned into the crash through the stack of bids from $265 down to $108.

The time may not be right yet, but we would love to see a similar technology to provide a gold-redeemable cryptographic based currency. “BitGold” would not be based on the labor theory of value (i.e. “mining” to generate new coins), the quantity theory of money (i.e. absolute cap on the quantity of coins). It would not be plagued by a ridiculous bid-ask spread. In short, it would behave as dollar bills did before the advent of the Fed. Arbitrage would set the value of BitGold. There could be competing BitGold systems. With Bitcoin, the system depends on the network effect. Multiple competing crypto-currencies would dimish the value of one another (not to mention blow away the whole idea of the cap on the number of currency units in circulation).

Anyone interested in this should contact us. We have some ideas and may be able to help.

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JimT46 says:

April 13, 2013 at 19:28

While I am a big fan of gold, and of silver to a lesser extent, I need to take some issue with your comments. First, Bitcoin has only had any sort of a market cap worth mentioning for about 3 months. That is hardly enough time for a market to develop. Secondly, Bit coin is not based on the “Labor Theory of Value”. Value is determined strictly by supply and demand. Mining is only a (rather ingenious) method of bringing Bitcoins into existence and limiting their number.

Taking a snapshot of the “book” after a crash where trading had essentially ceased is hardly indicative of the viability of any tradable item. Prior to the crash, spreads had been razor thin and there were 10s of thousands of orders on either side of the ledger. The market is certainly thin compared to almost any other market but the market is far younger.

DDoS is a definite problem and needs to be addressed, as does the lack of competing exchanges.

I think more studies and comparisons are very useful but you need to start from a solid grounding. By the way, I do agree that Bitcoin, while it may be a medium of exchange, is not money. It has no intrinsic value outside of its limited use.

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JR says:

April 14, 2013 at 00:02

Shitcoin? Scamcoin? Baloneycoin?

Your “gold-redeemable cryptographic based currency” sounds good but isn’t the question just how does one make such a cryptographic based currency REAL?

Mind you, the $ is doing a good job of making fools out of us all, no?

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matus says:

April 14, 2013 at 09:41

worth to listen … http://www.goldmoney.com/podcast/the-great-gold-vs-bitcoin-debate-casey-vs-matonis.html?gmrefcode=upner
for now bitcoin is just a starting project if it is currency we will see or money in secondary order;
money will be gold and silver – not sure if bitcoin and if we are able to find infinite sources of energy to mine gold by nano-technology from sea water … money will be somethig else …
interesting point in the GM podcast is taht bitcoin has its intrinstic value as a network of individuals to be able to use it as payment system … I think to diversify some part of portfolio into the BTC is reasonable (up to 5%) …

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runeks says:

April 14, 2013 at 11:12

Keith, I already mentioned on the Facebook post you commented to, that using bitcoin-24.com’s USD market to judge the BTCUSD market depth is ridiculous. That’s like saying the gold market depth is tiny because I can’t dump a ton of gold on the guy down the corner that sells me 1 oz Eagles.

Mt. Gox has 80% of the entire BTCUSD market [1]. bitcoin-24.com’s 30-day USD volume is a tiny 0.14% of that of Mt. Gox [2] (bitcoin-24.com mainly deals in EUR).

[1] http://bitcoincharts.com/markets/currency/USD.html
[2] http://bitcoincharts.com/markets/btc24USD.html http://bitcoincharts.com/markets/mtgoxUSD.html

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tyonker says:

April 14, 2013 at 13:06

Bitcoin is an experiment that is fun and interesting and obviously very volatile. I believe the fiat dollar has had it’s ups and downs too relative to other moneys. I find no benefit in mocking the attempt to help unshackle the world from the yoke that fiat money keeps us tied to. Rather we should be looking at what is good and helpful about bitcoin and how it or something like it (bitcoin tied to precious metals?) could completely get us away from the sorry state of affairs that passes for economic policy today.

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1. JR says:
  
  April 14, 2013 at 14:05
  
  Actually, bitcoin is irrational, but so is a lot of human behaviour.
  
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mossmoon says:

April 14, 2013 at 15:19

You are attacking a revolutionary new currency that is still in its infancy, expecting it to show the market depth and liquidity of a currency that is 5,000 years old? The wide bid/ask is a result of the fiat-to-BTC bottlenecks. This will change. Gox is not a proper exchange.

“Multiple competing crypto-currencies would dimish the value of one another (not to mention blow away the whole idea of the cap on the number of currency units in circulation).”

Not so: the network effect is obviously an asset and first-move advantage ensures that any competitor would need to be overwhelmingly superior. The other currencies add to the value of bitcoin because they offer refuge from fiat volatility. Personally I never intend to exchange bitcoin for fiat.

Yes gold is a “good.” It is a good that is CENTRALIZED in the hands of what, 5% of the world’s population? Not so good for everyone else.

If a liquid exchange develops between gold and bitcoin, why would bitcoin not be your Bitgold? (Outside of the theoretical objections about what money is.)

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Keith Weiner says:

April 15, 2013 at 13:43

Thanks for your comments.

mossmoon: One recurring theme on this blog is that gold is not centralized. Also, redeemability does not mean that there is a market price. Redeemability means that there is someone who will honor a committed redemption value or be forced into liquidation in the attempt. Redeemability cannot be created after the fact.

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About Monetary Metals & Co.

Monetary Metals & Co.

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.

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Monetary Metals & Co.: Founders

Name, Role / Title, Description
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.

Monetary Metals & Co.: Team

Name, Role / Title, Department, Description
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.

Monetary Metals & Co.: Awards & Recognition

Award, Issuing Organization, Description
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	Google	Monetary Metals earned a 4.7/5 star rating from customers on Google Business

Monetary Metals & Co.: External Profiles

Platform, URL, Bio
Platform	URL	Bio
Monetary Metals & Co. LinkedIn Profile	https://www.linkedin.com/company/monetary-metals-&-co./	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. Through its gold leases and gold bonds, investors and institutions worldwide earn a yield on gold and silver every month, compounding their holdings over time with no storage fees. For more information, please visit monetary-metals.com. Founded in 2012 and headquartered in Scottsdale, Arizona, Monetary Metals is a different kind of gold company. Unlike others that simply buy or sell gold for dollar price appreciation, Monetary Metals unlocks the productivity of gold by matching investors who hold gold and silver with qualified precious metals businesses who need financing, including mints, refiners, jewelry manufacturers, miners, and recyclers. The businesses benefit from financing denominated in metal—which removes the need to hedge their price exposure—and owners of gold and silver can benefit from growing their total ounces of metal. The company offers two primary gold fixed income products: gold leases and gold bonds (gold bonds are for accredited investors only), which deliver income paid in physical ounces rather than dollars, eliminating storage fees and enabling investors to achieve compounding returns in ounces gained rather than mere dollar price appreciation. Since launching the Gold Yield Marketplace™ in 2016, the company has completed over 80 funded transactions across six continents. Monetary Metals has served thousands of clients—including family offices, high net worth individuals, and institutional investors— with the vision that everyone can save, earn and finance production in gold.
Monetary Metals & Co. X (Twitter) Profile	https://twitter.com/Monetary_Metals	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform.
Monetary Metals & Co. Facebook Profile	https://www.facebook.com/MonetaryMetals	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing to qualified businesses.
Monetary Metals & Co. YouTube Channel	https://www.youtube.com/c/Monetary-metals	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. Through its gold leases and gold bonds, investors and institutions worldwide earn a yield on gold and silver every month, compounding their holdings over time with no storage fees.
Monetary Metals & Co. UAE Website	https://www.monetary-metals.ae/	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing to qualified businesses.
Monetary Metals & Co. Inc. Profile	https://www.inc.com/profile/monetary-metals	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace platform, by offering gold-denominated financing to qualified businesses.
Monetary Metals & Co. Pitch Book Profile	https://pitchbook.com/profiles/company/155796-94	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing to qualified businesses.
Monetary Metals & Co. Tracxn Profile	https://tracxn.com/d/companies/monetary-metals/__tWpXFqZV_Ax5kTWcCI_QekEMBATS_E_6yIVgznl7OwM	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.
Monetary Metals & Co. Better Business Bureau (BBB) Profile	https://www.bbb.org/us/az/scottsdale/profile/investment-management/monetary-metals-1126-1000087817	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing to qualified businesses.
Monetary Metals & Co. Crunchbase Profile	https://www.crunchbase.com/organization/monetary-metals	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing.
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	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. Through its gold leases and gold bonds, investors and institutions worldwide earn a yield on gold and silver every month, compounding their holdings over time with no storage fees.
Monetary Metals alternative name (Monetary Metals Corp) 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 & Co. Trustpilot profile	https://www.trustpilot.com/review/monetary-metals.com	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing to qualified businesses.
Monetary Metals & Co. Bloomberg company profile	https://www.bloomberg.com/profile/company/1627759D:US	Monetary Metals & Co. 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. Through its gold leases and gold bonds, investors and institutions worldwide earn a yield on gold and silver every month, compounding overtime with no storage fees.
Monetary Metals & Co. bitscale.ai profile	https://bitscale.ai/directory/monetary-metals-and-co	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. Through its gold leases and gold bonds, investors and institutions worldwide earn a yield on gold and silver every month, compounding their holdings over time with no storage fees. For more information, please visit monetary-metals.com. Founded in 2012 and headquartered in Scottsdale, Arizona, Monetary Metals is a different kind of gold company. Unlike others that simply buy or sell gold for dollar price appreciation, Monetary Metals unlocks the productivity of gold by matching investors who hold gold and silver with qualified precious metals businesses who need financing, including mints, refiners, jewelry manufacturers, miners, and recyclers. The businesses benefit from financing denominated in metal—which removes the need to hedge their price exposure—and owners of gold and silver can benefit from growing their total ounces of metal. The company offers two primary gold fixed income products: gold leases and gold bonds (gold bonds are for accredited investors only), which deliver income paid in physical ounces rather than dollars, eliminating storage fees and enabling investors to achieve compounding returns in ounces gained rather than mere dollar price appreciation. Since launching the Gold Yield Marketplace™ in 2016, the company has completed over 80 funded transactions across six continents. Monetary Metals has served thousands of clients—including family offices, high net worth individuals, and institutional investors— with the vision that everyone can save, earn and finance production in gold.
Monetary Metals & Co. PR Newswire profile	https://www.prnewswire.com/news/monetary-metals-%26-co./	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. Through its gold leases and gold bonds, investors and institutions worldwide earn a yield on gold and silver every month, compounding their holdings over time with no storage fees.
Monetary Metals & Co. Rocket Reach Profile	https://rocketreach.co/monetary-metals-co-profile_b44cf87bfd5765aa	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. Through its gold leases and gold bonds, investors and institutions worldwide earn a yield on gold and silver every month, compounding their holdings over time with no storage fees. For more information, please visit monetary-metals.com.
Monetary Metals & Co. privco.com profile	https://www.privco.com/company/monetary-metals	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. Through its gold leases and gold bonds, investors and institutions worldwide earn a yield on gold and silver every month, compounding their holdings over time with no storage fees.
Monetary Metals & Co. CB Insights profile	https://www.cbinsights.com/company/monetary-metals	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. Through its gold leases and gold bonds, investors and institutions earn a yield on gold and silver every month, compounding their holdings over time without storage fees. It was founded in 2012 and is based in Scottsdale, Arizona.
Monetary Metals & Co. Bullion.Directory listing	https://bullion.directory/bullion-dealers/monetary-metals-reviews/	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. Through its gold leases and gold bonds, investors and institutions worldwide earn a yield on gold and silver every month, compounding their holdings over time with no storage fees. For more information, please visit monetary-metals.com. Founded in 2012 and headquartered in Scottsdale, Arizona, Monetary Metals is a different kind of gold company. Unlike others that simply buy or sell gold for dollar price appreciation, Monetary Metals unlocks the productivity of gold by matching investors who hold gold and silver with qualified precious metals businesses who need financing, including mints, refiners, jewelry manufacturers, miners, and recyclers. The businesses benefit from financing denominated in metal – which removes the need to hedge their price exposure – and owners of gold and silver can benefit from growing their total ounces of metal. The company offers two primary gold fixed income products: gold leases and gold bonds (gold bonds are for accredited investors only), which deliver income paid in physical ounces rather than dollars, eliminating storage fees and enabling investors to achieve compounding returns in ounces gained rather than mere dollar price appreciation. Since launching the Gold Yield Marketplace™ in 2016, the company has completed over 80 funded transactions across six continents. Monetary Metals has served thousands of clients – including family offices, high net worth individuals, and institutional investors – with the vision that everyone can save, earn and finance production in gold.
Monetary Metals & Co. Instagram profile	https://www.instagram.com/monetary_metals/	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing to companies.
Monetary Metals & Co. TikTok profile	https://www.tiktok.com/@monetarymetals	Monetary Metals delivers a yield on gold, paid in gold.
Monetary Metals & Co. Wikidata entry	https://www.wikidata.org/wiki/Q139589172	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing.
Monetary Metals & Co. OpenCorporates profile	https://opencorporates.com/companies/us_de/5166254	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing.
Monetary Metals & Co. LEI Identifier	https://search.gleif.org/#/record/254900N6I62WNJ1VT195	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing.
Monetary Metals & Co. Primary KGMID	https://www.google.com/search?kgmid=/g/11g9n0hpfr	Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace™ platform, by offering gold-denominated financing to qualified businesses.

Bitcoin: Oh Why Did You Have to Crash?

April 13, 2013

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Additional resources for earning interest in gold

The launch of our annual Gold Outlook Report comes at an unusual moment. January delivered one of the most volatile...

Updated on June 5, 2026. In 2025, the S&amp;P 500 delivered a total return of&nbsp;17.78%, while gold finished the year...

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About Monetary Metals & Co.

About Monetary Metals & Co.

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Updated on June 5, 2026. In 2025, the S&P 500 delivered a total return of 17.78%, while gold finished the year...