Daniel LaCalle invited Monetary Metals’ CEO Keith Weiner on his show to discuss inflation, lockdown effects and the future macroeconomic outlook for the world and gold in particular.
The conversation begins with Keith discussing the Quantity of Theory of Money and what is really to blame for recent price inflation. They moved on to discussing lumber and other commodity price spikes, lockdown whiplash, rent moratoriums and the shipping container shortages.
Highlights from Daniel LaCalle and Keith Weiner interview
- Keith gives Daniel a “Peanuts” football analogy in response to the fear of companies to increase capacity wondering if the demand spike was temporary but now time has shown this may be a durable market reality for the foreseeable future.
- Then Keith debunks how the recent silver “shortage” was really just a shortage of small retail products like silver stamped coins because of inelastic production capacity and a sudden demand explosion. For more in this, read The Truth About the Silver Squeeze
- Daniel and Keith expose the lie that the “economy is booming” citing the fact that corporations are not bidding up the interest rate and instead are only eager to bid on rate drops.
Finally, Keith and Daniel discuss the outlook for gold in the coming future and distrust of the monetary authorities and why for so many gold holders this time is different.
Click below to watch the full show. Let us know what you think in the comments below or in the video comments.