Gold Economics

Monetary Metals® takes an unconventional approach to economics and precious metal market analysis. At the core of our thinking is the idea of incentives. Largely unnoticed by most people, incentives motivate people to act – be it the entrepreneur who sees an opportunity to profit from meeting the needs of others, or the arbitrageur who keeps markets aligned and efficient by profiting from divergences in prices.

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Our Supply and Demand Report is a weekly discussion about the fundamental and speculative forces driving the monetary metals, based on our view that analysis of price spreads can often reveal more about the supply and demand balance in the market than just looking at price movements. Register to view charts and receive email notification each time our report is published Sunday night.

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Gold Scores one point against Bitcoin Gold 1, Bitcoin 0 - Coinbase, a publicly traded cryptocurrency company, recently announced that it will sell 1.5 billion worth of bonds (then revised it to 2 billion). Dollars. A leader of the crypto revolution is borrowing dollars. Without any awareness of the irony, crypto promoters say that this validates crypto. That a crypto company borrowed dollars supposedly validates crypto. […]
Nominal Dollar Interest vs Real Gold Interest 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, […]

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fedcoin-part2 The Fedcoin is Coming, Part 2 - In Part One, we said that a Fedcoin is coming. The Fed will have no choice but to issue its own digital currency. But not because of the propaganda that we’re competing against China, or including the unbankables. If they issue a Fedcoin (which is not certain right now), it will be because they are […]
gold outlook 2021 Monetary Metals Gold Outlook 2021 - This is our annual analysis of the gold and silver markets. We look at the market players, dynamics, fallacies, drivers, and finally give our predictions for the prices of the metals over the coming year. Introduction Predicting the likely path of the prices of the metals in the near term is easy. Just look at […]

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Basel III and Gold Resource Center Basel III and Gold Resource Center - Welcome to the Basel III and Gold Resource Center! This page is for gold investors who want to understand the impact of Basel III regulations on gold. Monetary Metals has been covering Basel III since 2019. You’ll find all our videos and articles on Basel III and gold here. If you have a question we […]
The Benefits of Issuing Gold Bonds - A gold bond is debt obligation that is denominated in gold, with interest and principal paid in gold. As I will explain below, it’s a way for the issuer to pay off its debt in full, and there are other advantages. Sometimes, I find that it’s helpful to show a picture of what I’m talking […]

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