Entries by Dickson Buchanan

The Fed has a Hammer, and You’re a Nail

Our present moment is precarious. Like it or not—we don’t—we live in the age of Central Banks. And as we witness, and alas participate in, the global drama to create or destroy wealth, there is a great and tragic irony at work. On the one hand the rhetoric we hear from Fed Chairman Jay Powell […]

Is Gold About To Go Mainstream?

Every week Merrill Lynch publishes a Capital Market Outlook Letter. The letters provide market commentary, research and analysis, and the occasional investment idea. Merrill Lynch (together with parent Bank of America) is the third largest brokerage firm, managing over $3 Trillion in client assets[1]. When a firm of that size speaks up, you should listen. […]

Celebrating Five Years of Interest on Gold

This month marks the five-year anniversary of Monetary Metals paying interest on gold. It was July 2016 when we offered our first Gold Fixed Income True Gold Lease. The gold lease was to Valaurum for manufacturing their flagship product, the Aurum®. It paid 3.0% interest on gold to investors (you can read the original press […]

5 Ways Oversubscription Can Benefit Investors

Let’s do a quick thought experiment together. Imagine you want to order ten widgets. You place your order with the highly rated Widget Providers Extraordinaire, Inc. They receive and confirm your order for ten widgets, but they only deliver five. How do you feel about that? Miffed? Stiffed? Troubled? Triggered? Now let’s imagine you want […]

Open Letter to Ted Butler About Precious Metals Leasing

I received an email from a client last week referencing Ted Butler’s June 4th article on precious metals leasing. I want to clear up some confusion that might arise from reading it. I acknowledge that Mr. Butler’s focus isn’t leasing per se. It’s why precious metals prices aren’t where they are supposed to be (higher […]

Freedom from Financial Repression

New York City has a thriving food culture where millions of people eat out at restaurants every day. Free to choose what and where they eat, the choices of these individuals have a direct impact on the NYC food industry and even determine which restaurants “make it” and which don’t. Therefore, restaurants exist and compete […]

Open Letter to Warren Buffett on Gold

Dear Mr. Buffett, Let me start by saying that I am a great admirer of yours. What you and Charlie Munger have accomplished at Berkshire Hathaway is truly extraordinary. Today though, I want to talk to you about a very specific four letter word – gold. You’ve not been shy with your opinion about gold […]