Argentina recently made headlines with its announcement that it plans to pay for its imports from China in Yuan. Inevitably, gold commentators jumped to the spurious conclusion that this decision signals another step towards “de-dollarization.” Let’s be clear: this is not the case. As much as we oppose the perversities of the US dollar system, […]
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. […]
April 1, 2023 First, it was the crypto-focused Silvergate Bank. Then it was Silicon Valley Bank. And immediately after, Signature Bank. Silvergate and Signature could be dismissed because, well, crypto. But Silicon Valley Bank is something entirely else. It was older, and much larger. And a mainstay of high-tech, venture-funded startups for many decades. Then […]
As the Federal Reserve has hiked rates from 0% to over 4.75%, the average interest rate on bank deposits has remained low, around the FDIC’s national average for savings accounts of 0.37%. This has led many to ask the simple question. Why aren’t banks raising the interest rate on deposits? The Hotel California Banking System […]
Last week, we had this to say about the implications of SVB’s collapse… Everyone in the market has to think about an unpleasant reality and come to grips with it. They have to consider the risks of things that previously they may have thought absolutely safe. Such as bank deposits, and Treasury bonds (and government-guaranteed […]
You can listen to an audio summary of this article below. Silicon Valley Bank (SVB) collapsed and was then seized by the California Department of Financial Protection on Friday, March 10. This came after a frenetic two days, when the bank announced a big loss, tried to raise capital, and then faced an accelerating run-on-the-bank. […]
In the live 2023 Gold Outlook Webinar, CEO Keith Weiner commented on the conclusions of the Gold Outlook Report and answered attendees’ questions. If you did not get a chance to fill out the survey during the interview please take a moment to fill it out here. Additional Information Chapters 00:00:00–00:01:12 Intro 00:01:012-00:07:17 Conclusions of […]
In the world of finance, something has been haunting economists and investors alike: zombie firms. The Fed has created hordes of zombie firms, with a study in April 2021 finding that over 25% of U.S. companies were zombies in 2020. These undead firms have been sucking the life out of the economy. But things are […]
Every year we take a step back from our regular business of paying interest on gold and silver to our clients to give our thoughts on the likely direction of gold and silver prices for the coming year. We provide this in-depth analysis, for free, in our annual Gold Outlook Report. This year we noticed […]
If you listen to financial pundits talking about the Federal Reserve and the current state of the markets you might hear this term mentioned: “Demand destruction.” What is it? And what does it mean for you and me? We’ll first discuss the mainstream understanding of the concept and then unpack why it’s more nefarious than […]
