Entries by Keith Weiner

The Anti-Concepts of Money: Introduction

This essay is more philosophical than my typical writing. The reason is that I need to say something very important, that flies against everyone’s deeply held beliefs about money. And to get to the root of the issue, I must check and challenge the very concepts with which people think about the subject, in order […]

The Anti-Concepts of Money: Wealth Effect

If you’ve read the Purchasing Power and Inflation essays from this Anti-Concepts of Money Series we can now discuss the Anti-Concept of The Wealth Effect. The Anti-Concept of The Wealth Effect Here is the definition of wealth effect from Wikipedia:  “The wealth effect is the change in spending that accompanies a change in perceived wealth.”  […]

Reflections Over 2022

The life of an entrepreneur is not what most people would call “normal”. I don’t refer to the guy who buys a fast-food franchise. Nor to the gal who builds a chain of hair salons. Nor to the folks who have law or accounting firms. These are all entrepreneurship. I don’t know a lot about […]

The Bitcoin Perfection Problem

We were going through some old bitcoin articles and realized we had a draft of an article Keith wrote that we never published. Better late than never! We hope you enjoy.  Listen to the audio version of this article here. The History of Technological Innovation Bitcoin has an intractable problem, and it is intrinsic to […]

Silver Fever, or Silver Fading?

We finally had a resolution, of sorts, in silver. Since April 13, we have had a falling price of silver (indicated as a rising price of the dollar, as measured in silver). And along with this price trend, a growing scarcity of the metal to the market (i.e. the cobasis, the red line). Indeed, the […]

The Russians (Propaganda) Are Coming!

The headline reads “Moscow World Standard to Destroy LBMA’s Monopoly in Precious Metals Pricing”. Wow! Could it be? Is this it?! The gold revaluation we’ve all been waiting for! Someone, who has the power, will give us a venue in which we can sell our gold at its true price… how does $50,000 sound, eh? […]

Silver Update: Scarcity Gets More Extreme

Listen to the audio version of this article here. Since our last silver article, the price of silver has dropped. With due respect to Frederic Bastiat, the price is the seen. The basis mostly goes unseen. We will take a look at the market data, revised for a few more days of trading. Warren Buffett, […]

The Silver Phoenix Market

Listen to the audio version of this article here. The price of silver hit a peak over $26.50 on March 8. It spent about a month and a half breaking down, and then the bottom fell out. It’s currently down from that peak almost 8 bucks. Breaking Down Fundamental Silver Prices However, the opposite has […]

Buy Gold, Because…

It’s pretty, isn’t it? Gold, Liquid Gold, and Inflation Gold has a unique appearance. It is also astonishingly heavy—much heavier than it has any right to be. It’s just an inch and a quarter in diameter yet weighs 0.075 pounds. Everyone should hold one in his hand (and own a few). But that’s not why […]