MM GOFO, SIFO, Lease Rate charts provided to Germany’s leading precious metals site Scottsdale, Ariz, September 29, 2017—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. The charts appearing on Goldseiten […]
Carl Menger, father of the Austrian School of Economics, showed the world that money is not the product of the state. He did not mean that government is intrinsically incapable of decreeing something to be money while other groups, organized for different purposes, could do it. He described how money emerges as the commodity which […]
Fed Char Janet Yellen said maintain rate, support job market, blah blah. Well, that set off an avalanche of selling. Copper, crude, the Australian dollar, even the euro fell almost 2 cents. Oh yeah, and da boyz in da cartel manipulated gold and silver down. For those hoping to trade their metal for more of […]
Previously, we have discussed the issue of a currency’s backing. From comments and emails, we realize this topic could use a bit more illumination. And there are some related concepts that should be addressed at the same time. Let’s start with an analogy, the engineering concepts of accuracy and precision. These related words are oft-confused, […]
Bitcoin is often promoted as the antidote to the madness of fiat irredeemable currencies. It is also promoted as the replacement. Bitcoin is promoted not only as money, but the future money, and our monetary future. In fact, it is not. Why not? To answer, let us start with a look at the incentives offered […]
Gold Exponential Fund utilizes Monetary Metals leasing program Scottsdale, Ariz, September 7, 2017—Monetary Metals announces that its Gold Exponential Fund™ is leasing silver at a cost of 1% per annum. By leasing metal, the Fund adds a fixed-cost tier to its capital structure. The Fund has access to leverage at a rate well under LIBOR, […]
Scottsdale Precious Metals purchases high-quality vintage and new jewelry for resale online and through other channels. Monetary Metals’ lessors are financing additional inventory to grow Scottsdale Precious Metals’ business. Metal: Gold Commencement Date: September 22, 2017 Duration: 12 months Lease Rate: 5.50% to lessee, 3.50% to lessors Lease rate offer chart:
Monetary Metals’ Gold Exponential Fund™ provides a way for investors to own gold and earn a yield, by trading between gold and silver. The Fund seeks to lease metal to enhance returns by swapping leased metal for the opposite metal and at the end of the lease, the metal is traded back and returned to […]
A month ago, we wrote about the bitcoin fork. We described the fork: Picture a bank, the old-fashioned kind. Call it Acme (sorry, we watched too much Coyote and Road Runner growing up). A group of disgruntled employees leave. They take a copy of the book of accounts. They set up a new bank across […]
