Entries by Keith Weiner

Silver Perspective

As this set of infographics show, more than half of the silver mined throughout history is still in human inventories.  Be sure to keep reading and scroll to the bottom.

The Ten Minute Gold Standard

Far too many people believe that gold serves no useful purpose. I am therefore publishing this response to The 10 Minute Gold Standard: It’s Much Easier than You Think by Nathan Lewis. Mr. Lewis, a professed advocate of the gold standard, argues that even if we have a “gold standard”, we don’t need actual gold. […]

U.S. Debt Repudiation

John P. Cochran writes on Zero Hedge about Murray Rothbard’s propsal that the government default on its debt: Rothbard’s recommendation: “I propose, then, a seemingly drastic but actually far less destructive way of paying off the public debt at a single blow: outright debt repudiation.” Repudiation is not only a sound economic solution to our […]

Rising Debt Burden & Falling and Rising Rates

  Three links from Seeking Alpha’s Wall Street Breakfast: Must-Know News today really underscore the intractable debt and interest rate problems in irredeemable currency. Corporate pension deficits soar. The WSJ shines a light on the significant funding gap in corporate pension plans, with the deficit among Russell 3000 companies rising to $441B in 2012 from […]

Swapping Equity for Debt

When I was working out at the gym a few weeks ago, TJ Rodgers was on the Mad Money show on CNBC (I recall this being Friday January 25, but I cannot find video of this show on the Internet). For those who haven’t seen the show, the host, Jim Cramer, affects a loud and […]

What Drives the Price of Gold and Silver?

If there is a credible rumor that the Fed is planning to further extend its “Quantitative Easing”, how would you expect the monetary metals to react? Typically, the gold price would rise and the silver price would rise even more. The question is why. Traders read the headlines and they know how the price “should” […]

February 23, 2013

The Last Contango Basis Report The downdraft in the dollar prices of the metals began in late January, with gold just under $1700 and silver over $32. This is not likely news to readers of the Last Contango Basis Report.  Gold and Silver Price The purpose of this Report is to shed some light onto […]

The Precise Definition of Inflation

Communicating about money and finance in today’s culture is a real challenge; you want to inform and enlighten your audience on their level of knowledge—but this makes the use of terms extremely difficult. Ayn Rand Institute President Yaron Brook’s video about deflation demonstrates why. In the video clip, Dr. Brook makes two key points. First, […]