“The Medievals were smarter than most people think,” says Dr. Michael Mus. “I mean, sure, they tortured people for believing that the sun was the center of our solar system, and they burned witches at the stake. But they knew a thing or two about gold.”
Picture of Dr. Michael Mus
Dr. Mus is working to perfect a method of turning lead and other base metals into gold. He says he is so close, that he will only need one more grant from the King government. Then he says, making the process a commercial success will of course require more money.
Details are sketchy at this point, though Dr. Mus says that his process is very technical.
According to a research report from AgN Aurmo, Mus’ invention will be worth trillions of dollars. The bank is backing MusGold, and plans an IPO sometime next year.
Noodel-winning economist, Raul Klugman, said central banks should take over the technology for the common good. “If they can print gold, it would stimulate the economy 1,600 times better than when they print dollars.” He is referring to the price of gold, currently worth about $1,600 per ounce.
Not everyone is happy at this discovery. Monetary Metals would have to find something else to do. As its founder and CEO Keith Weiner says, “With the economy saved, and with people able to print as much gold as they want, who needs interest on gold?”
“That’s just creative destruction,” whispered the ghost of Austrian economist, Joseph Schumpeter.
Additional Resources for Earning Interest on Gold
If you’d like to learn more about how to earn interest on gold with Monetary Metals, check out the following resources:
In this paper we look at how conventional gold holdings stack up to Monetary Metals Investments, which offer a Yield on Gold, Paid in Gold®. We compare retail coins, vault storage, the popular ETF – GLD, and mining stocks against Monetary Metals’ True Gold Leases.
Adding gold to a diversified portfolio of assets reduces volatility and increases returns. But how much and what about the ongoing costs? What changes when gold pays a yield? This paper answers those questions using data going back to 1972.