Wednesday , May 18 2022
Home / Keith Weiner (page 10)
The author Keith Weiner
Keith Weiner
Keith Weiner is CEO of Monetary Metals, a precious metals fund company in Scottsdale, Arizona. He is a leading authority in the areas of gold, money, and credit and has made important contributions to the development of trading techniques founded upon the analysis of bid-ask spreads. He is founder of DiamondWare, a software company sold to Nortel in 2008, and he currently serves as president of the Gold Standard Institute USA. Weiner attended university at Rensselaer Polytechnic Institute, and earned his PhD at the New Austrian School of Economics.

Keith Weiner

Monetary Metals Provides Gold Loan to Sector Resources

The loan is denominated in gold with interest and principal paid in gold Scottsdale, Ariz., June 9, 2020—Monetary Metals® announced today that it has loaned gold to Sector Resources Canada Ltd., a British Columbia based gold mining company. The private transaction was conducted off-market, and the interest rate and terms were not disclosed. Monetary Metals’ innovative business model enables gold-owning investors to lease or lend gold to businesses that use gold. Investors benefit because...

Read More »

When Is a Capital Gain Capital Consumption? Market Report, 25 May

The price of gold dropped a few bucks this week, but the price of silver jumped about half a buck. The drumbeat for the gold bull market is well underway, and it is beginning now for silver. So let’s do a quick update on the supply and demand fundamentals. Here is the graph of the gold basis. The basis has come in quite a bit—but it is still 3.6% annualized. We do not believe that this as a “true” reading. It is a sign of buying of futures, which is the opposite of scarcity of metal and the...

Read More »

Open Letter to Crispin Odey

I am writing in response to the comments you made in a letter to investors yesterday, which were widely reported. You have set the gold community afire, with claims that are not new and not true. So I shall attempt to douse the flames. As everyone knows, President Roosevelt outlawed the ownership of gold in 1933. Although gold was legalized in 1975, fears linger today that the governments may repeat this heinous act. There is no reason for this fear. In 1933, Roosevelt had two monetary policy...

Read More »

The Federal Counterfeiter

Suppose you wanted to run an enterprise the right way (we know, we know, this is pretty far-out fiction, but bear with us). And, your enterprise has a $1 million dollar piece of equipment that wears out after 10 years. You must set aside $100,000 a year, so that you have $1 million at the end of 10 years when the equipment needs replacing. There’s a word, now archaic, to describe the account in which you set aside this money. From Wikipedia: “A sinking fund is a fund established by an...

Read More »

Monetary Metals Delivers Instant Yield on Gold and Silver

Clients earned big gains by converting their coins and bars to bulk bullion Scottsdale, Ariz., May 14, 2020—Monetary Metals® announced today the first tranche of its program to offer an instant yield to clients who have coins and small bars. The market currently offers a historically high premium on these products. But until now, retail investors have not had a way to capture the gain without also selling their gold and silver. Monetary Metals offers them a way to earn this premium in the...

Read More »

How to Maintain a Bull Market after Coronavirus, Report 11 May

Everyone thinks they know the cause and effect of the Federal Reserve’s response to crises such as 2008 and 2020. The Fed prints money to buy assets. This increases the quantity of money. And this causes prices to rise. The Fed wants this, because it thinks that inflation eases the burden on debtors. The mainstream wants this, because they have been brainwashed into thinking that inflation causes good effects such as employment. The critics decry this, because they see inflation as a tax....

Read More »

Postmodernism Corrupts Everything

According to Encyclopaedia Britannica: “Postmodernism, … a late 20th-century movement characterized by broad skepticism, subjectivism, or relativism; a general suspicion of reason; and an acute sensitivity to the role of ideology in asserting and maintaining political and economic power.” Its roots go back long before the late 20th century phenomenon. Consider quantum physics. The Copenhagen interpretation (developed in the 1920’s) holds that, “physical systems generally do not have...

Read More »

Gold and Silver Markets Start to Normalize, Report 4 May

The price of gold dropped $29 and the price of silver dropped $0.27. We’ll get back to where we think the prices are likely to go in a bit. In recent Reports, we’ve looked at the elevated bid-ask spread in gold (though not nearly as elevated as some goldbugs would have you believe) and the elevated gold basis. As an aside, we continue to see articles that get the high gold basis exactly backwards, the way John Maynard Keynes got commodity markets backwards. A high and rising basis is not a...

Read More »

Staggering Job Losses

So far, about 20% of the people who had jobs 6 weeks ago, are unemployed. This is in addition to the 96,000,000 who had no job even before the lockdown, but who aren’t counted as being in the workforce. And the reality is worse than even this, for three reasons. One, unemployment offices are not able to keep up. More people are being added to the rolls who already lost their jobs. Two, government at all levels has not begun laying off yet (if they ever will). So these people were laid off...

Read More »

It’s Only Paper, Market Report 27 Apr

The response to the virus has added a new mechanism of capital consumption to the many we have documented over the years. Businesses are shut down, yet they continue to incur expenses. There is a popular misconception out there that this is merely a paper loss. One can almost picture a neutron bomb that somehow wipes out only paper, leaving all the physical assets and plant unscathed. It’s a pleasant fantasy. And it’s quite a popular one—not only amongst all the usual suspects, but even an...

Read More »