| 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. |
Hey Keith, don’t forget the mini silver contract of 1000 ounces of silver and 10 ounces of gold. Perhaps there are accounts with the bullion wholesalers or use of the GLD and SLV in shorting?
I always struggle with all of the anecdotal stories about supply. For example we get statements from the silver retailers that some large entity or other just bought large quantities of precious metals in London. We can never verify these stories. Why does it take seven years for Germany to repatriate it’s gold? We must for the large part take these stories on faith. The institutions that report on precious metal worldwide quantities are vilified for the most part by the retailers. The story that every ounce of physical metal is hypothecated 100 times is repeated over and over. How do we know this? Because Jeff Christian of the Silver Institute said so? I guess that’s the best we have?
The fact that the actual market supply statistics are so carefully maintained in such an opaque manner argues for the fact that there is skullduggery going on. These guys are bankers and the fractional reserve system is after all their business model.
It is non the less encouraging to hear the stories about retail dealer supply being limited. I’m pretty sure my local coin shop has a way to hedge puchases and sales, I’ll ask him. Are you aware of any reliable statistics regarding metals quantities in the stocks of the world? I’ll bet JP Morgan knows. In this,regard because of the marginal utility of the precious metals, their prices should be fairly impervious to supply and demand should they not? The fact that they are treated as commodities is in my mind a further impediment which has been thrown up in order to discourage their use as true money.
To me the thing that has the most potential to hide the true state of the market is in fact the largest and most opaque, which is the precious metals derivative market. Now if someone had some reliable stats regarding that market I feel we could make some informed judgements as to the metals. If someone could give us a reasonable answer as to why the large banks need to hold huge precious metals derivative positions off balance sheet, that would be a boon to the retail precious metal investor.
Hello Keith,
The main supplier of precious metals in the city I reside does not hold a stock of either Gold or Silver. Customers pay up front and wait for delivery. The wait time used to be two weeks, then it went to four weeks, now it is six weeks. The main reason for this I am informed is not related to availability of supply but the increased orders spreading the delivery time. Australia’s national mint, The Perth Mint has worked at least a number of weekends just to keep up. They have not worked weekends before.
At the local dealer level what used to be relaxed has become quite frenetic in activity. There are increasing numbers of customers and orders.
This movement all seems to go back to the ultimate question on when confidence will collapse. Backwardation is a signal for gold. Granted industrial demand for silver would be reducing but the overall supply of silver in the long-term is a risk especially given it is a by-product of other mining. Silver is more accessible to the regular investor and I suspect it has a future as bright as gold.
Keith,
Why wouldn’t a refusal to sell silver by a dealer be the equivalent of the supply being reduced ?
thnks
andrew
Hi Keith,
Nice video, good talk. You mentioned industrial demand is plummeting, yet electronics is not. Cell phones are still selling at quite a clip – Approximately 1 billion smartphones will sell this year and at avg. 0.013 oz silver per handset, that’s 10,000,000 oz of silver that 5 years ago were not being consumed. Does not take tablets, iPads or notebooks into account. So if industrial production is collapsing, the volume could very well be shifting more and more into electronics.
Danny