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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 for thousands of years. And virtually all of that gold is still held in human hands. Gold is not consumed, merely held. And we keep mining more! Think about the implications of this.”
Keith’s commentary, which begins on page 268, explores the marginal utility of gold, why scarcity does not explain value, and why backwardation in gold is so serious.
You can watch Vincent Lanci’s full conversation with Tom Bodrovics here:
You can watch Keith’s full interview on Palisades radio here:
Additional Resources
https://www.monetary-metals.com/when-gold-backwardation-becomes-permanent/
https://www.monetary-metals.com/bitcoin-hyper-deflation-gold-and-silver-report-10-dec-2017/
https://www.monetary-metals.com/whats-the-real-purpose-of-money/
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