Research

We take a unique approach to economics and the role of gold. The article collections below cover the main economic theories that underlie Keith Weiner’s writings.

Yield Purchasing Power: Most people think in terms of purchasing power, that is, how much can one’s cash buy? Keith argues that rather than thinking of life savings as something to be liquidated, one should think in terms of Yield Purchasing Power.

Theory of Interest and Prices in Paper Currency: These seven papers discuss how interest and prices are set under our current fiat paper system.

Unadulterated Gold Standard: In this five part series, Keith discusses why the world needs an Unadulterated Gold Standard.

Marginal Productivity of Debt: Understanding the marginal productivity of debt is key to understanding whether the amount of credit created is unsustainable, resulting in the failure of the monetary system and the loss of everyone’s savings.

Bitcoin: In this series of articles, Keith covers many of the reasons why bitcoin is unsound and not money and rather the very model of a (post)modern monetary marvel.

Basel III and Gold Resource Center: Visit this page and you’ll find everything you need to know about the landmark Basel III regulation and its impact on gold.

Recent Research Articles

A full list of our research articles can be found here, or subscribe to receive an email as soon as we publish new research.

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 […]
Marginal Productivity of Debt - Understanding the marginal productivity of debt is key to understanding whether the amount of credit created is unsustainable, resulting in the failure of the monetary system and loss of everyone’s savings. Falling Productivity of Debt introduces the idea of the marginal productivity of debt, that is, how much additional GDP is added for each newly-borrowed […]