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2024 Gold Outlook Report |
PhD, CEO & Founder
Keith Weiner 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 the founder of DiamondWare, a software company sold to Nortel in 2008, and he currently serves as President of the Gold Standard Institute USA. He earned his PhD from the New Austrian School of Economics.*
The price of gold was up $9 this week, while the price of silver dropped 16 cents. This means the gold to silver ratio (a measure of how expensive gold is in silver terms) rose 1.3 points or almost 1.8%. This is a picture of credit contraction writ small. Well, it’s small so far. Since […]
The world is still a mess, just as much as it was last week. Despite that, the price of gold fell $18 and the price of silver fell $0.63. What’s going on? Are the central banks putting the kibosh on the monetary metals? One view is that they don’t want to let people use cash […]
Last week, we were skeptical of the alleged coming Chinese gold standard and its alleged impact on the gold price. This week, the price of gold fell $15. The price of silver fell 35 cents. We’re not aware of any Chinese silver standard rumors, but perhaps if one were to begin then the price of […]
The Bloomberg headline thunders, “Chinese Gold Standard Would Need a Rate 50 Times Bullion’s Price”! The text of the article follows up on this assertion with a price of $64,000 an ounce. Since it’s common Internet Knowledge that China is moving to a gold standard, it’s a fact that gold is going to $64,000. Everyone […]
“The top 25 hedge fund managers made more than all the kindergarten teachers in the country,” declared President Obama in a discussion of poverty at Georgetown University. Calling them “society’s lottery winners,” he proposed to hike their taxes. Predictably, battle lines have been formed between two polarized sides. One side—let’s call them the Gauche for […]
On Wednesday, retail sales data was published. The numbers were disappointing, and markets roiled. The prices of gold and silver shot up. There was no looking back and both metals ended at their high prices for the week. The euro also jumped up, about a cent and a quarter. Now, of course, gold analysts are […]
Our monetary system is failing, but explaining that isn’t easy. The most popular argument is that the dollar has falling purchasing power and rising inflation. The problem with this argument is that consumer prices aren’t skyrocketing now. So, of course, people remain skeptical. Yields across all markets were falling worldwide. This causes the income generated from assets […]
The prices of the metals rose a little this holiday (in the UK) week. The phrase, “like watching paint dry,” comes to mind. We will keep it brief this time, though we have one observation to offer. Every dollar-thinking trader in the market is thinking the other traders should begin buying. What are China’s true […]
For a few days early this week, it got exciting. It looked like the dollar might finally resume its collapse. The gold community was all abuzz. Was this the big gold breakout, when gold goes up and up, and gives endless profits to gold investors the way the stock market has been doing these past […]
The dollar is always losing value. To measure the decline, people turn to the Consumer Price Index (CPI), or various alternative measures such as Shadow Stats or Billion Prices Project. They measure a basket of goods, and we can see how it changes every year. However, companies are constantly cutting costs. If we see nominal—i.e. […]
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