Entries by Keith Weiner

Nominal Dollar Interest vs Real Gold Interest

Are You Happy with Your Fixed Income Investments? Fixed income investing has become something like exercising on a stair climber – you’re exhausted but you haven’t gotten anywhere. Why? Yields have been falling for four decades. While interest in the U.S. dollar has not gone negative yet, it has for the Swiss franc, the euro, […]

Gold and Silver Price Fundamentals Update

This time, we start with the gold-silver ratio. Let’s revisit something we said on 23 August: “…the supply and demand fundamentals of silver are stronger here than they have been since the Covid crisis. … physical silver is scarcer than gold.” This corresponds to the peak where we have drawn an arrow on the gold-silver […]

How Do They Get Away With It?

Picture, if you will, a government that deliberately inflicts bad policy on the people. I know this sounds crazy, and could never happen, but please bear with me. Suppose the government criminalizes hiring someone who produces less than an arbitrary threshold. Or it forces the closure of all businesses deemed to be non “essential”. Or […]

Where Does Your Profit Come From?

To listen to the audio version of this article click here A few recent articles bring to the public’s awareness that wealthy investors are preferring not to sell their assets, and thereby pay capital gains taxes. Instead, they borrow against them, on margin. This reminds me of an experience I had some years back. I […]

Gold Price Smashdown vs Gold on Fire

No sooner did we write Silver Rorschach Test, than the price of gold flash-crashed, or was smashed down. On Sunday afternoon in Arizona—i.e. Monday morning in Australia and Asia—the gold price dropped sharply. Gold bug sources claim that the drop was $100, but as we can see from the price graph included in this report, […]

Silver Rorschach Test

On Friday, August 6, the price of silver fell from around $25.15 to a low around $24.25, or -3.6%. We were told, also on Friday, that this drop occurred at a “weird hour when there was no liquidity.” In fact, it happened shortly after noon in London. We were earnestly assured that this proves the […]