A fissure in the monetary system is very dangerous. Leaving aside that you can lose money into it, it causes market participants to drastically alter their behavior, which can cause the collapse of financial institutions, gross misallocations of capital, and other collateral damage.
This post was written by Jeff Deist, former President of the Mises Institute. Jeff will be joining Monetary Metals full-time as General Counsel in May. I am exceptionally pleased to join Monetary Metals after ten years at the Mises Institute. Offering yield on gold is both simple and yet novel in today’s modern context. […]
The yield on the 10-year bond recently fell below the rate paid by the Fed on bank reserves. That is, a bank gets paid more to lend to the Fed for a day than to lend to the Treasury for ten years. There is not merely an inversion between the 2-year and the 10-year bonds. […]
Monetary Metals attended the famous New Orleans Investment Conference this year to talk about how A Yield on Gold, Paid in Gold® can benefit investors. CEO Keith Weiner gave a talk on the main stage titled How to Build and Wreck a Pension Fund in 22 Easy Steps. Click the link to watch his talk, […]
Listen to the audio version of this article here. Consumer prices have been on a tear, since early last year. Right now, the Consumer Price Index (CPI) is rising at more than 8% per year. Source: St Louis Federal Reserve Conventional thinking calls for higher interest rates. It makes this call via two channels. One […]
CEO Keith Weiner returns to popular radio show Turning Hard Times into Good Times hosted by Jay Taylor. Jay argues that the U.S. government hates gold because its rising price shines the light on the destruction of the dollar caused by the Federal Reserve’s printing press used to finance massive government deficits. The detractors of […]
An interesting article on MarketWatch today caught my attention. The subhead is the money quote, “Back in April every economist in a survey thought yields would rise. Guess what they did next.” Every? The article refers to 67 economists polled by Bloomberg, all of whom would seem to believe in the quantity theory of money. […]
By now, everyone knows that S&P downgraded the debt of the USA from their top rating, AAA, to their second-highest grade, AA+. Most of the commentary has been of the pin-the-blame-on-the-donkey variety. For all most people know, this is the collapse of the currency and the financial system and their biggest concern is that Obama […]
