Keith Weiner's Blog

President

Dr. Keith Weiner is the president of Gold Standard Institute USA, and CEO of Monetary Metals. Keith is a leading authority in the areas of gold, money, and credit and has made important contributions to the development of trading techniques founded upon the analysis of bid-ask spreads. Keith is a sought after speaker and regularly writes on economics. He is an Objectivist, and has his PhD from the New Austrian School of Economics. He lives with his wife near Phoenix, Arizona.

They’re Coming to Take Away Your Cash

The stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason is to take more control. No doubt more power appeals to politicians, and banning cash...

Are Hedge Funds Worth More Than Kindergartens?

"The top 25 hedge fund managers made more than all the kindergarten teachers in the country," declared President Obama in a discussion of poverty at Georgetown University. Calling them “society’s lottery winners...

The Swiss Franc Will Collapse

The Swiss yield curve looks like nothing so much as a sinking ship. All but the 20- and 30-year bonds are now below the water line. Look at how much it’s submerged in just one week. The top line (yellow) is January 16...

In America, Government Pays You Interest. In Switzerland, You Pay Government.

The old joke is, “(with a Russian accent) In America, you correct newspaper, but in Soviet Union, newspaper corrects you.” Switzerland is now experiencing the bond market equivalent. In America, the government pays...

Monetary Metals Supply and Demand Update

This is a brief follow up on the Supply and Demand Report of 30 November. In that report, we observed an extraordinary development in the gold market. We made several predictions, which came true almost immediately.

Swiss Gold Initiative: Good Idea With Unintended Consequences

There is now a very interesting initiative on the Swiss ballot, which will require the Swiss National Bank (SNB) to hold 20 percent of its reserves in gold. The voters will decide on November 30. I won’t predict the vote, but I want to discuss the likely impact of a yes vote.

100% of Mainstream Interest Rate Theory Is Wrong

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.”

The Wrong Idea About Inflation

I think it’s important to acknowledge that the economy is not stateless. A change in one variable—e.g. money supply—may have a different effect depending on the states of individual actors in the economy.

Metals: Start of a New Trend?

Readers have been asking if there has been any signs of a turn in the market, especially for silver. Something may be happening. Read on…

Like Dripping Silver Icicles

I don’t typically emphasize price charts in analyzing the market, however something unusual has been happening in the spot (physical) silver market. It did not happen in the silver futures market, nor in the gold market.

Will Silver Do a Headfake?

Something extraordinary occurred last week. On Wednesday, the Fed made a routine announcement. That day, the price of silver was rising, but not out of the normal. Fireworks began last Thursday, and in 6 hours, the price of silver skyrocketed by 5%.

Barclays Caught Red Handed Manipulating Gold

It was all over the news last week, both mainstream and gold sites. Barclays was caught manipulating the gold price. They were fined £26M, and forced to pay a client who was damaged by their action.

The End (of the Silver Fix) Is Nigh

For a long time, many in the gold and silver communities have been saying that the prices of the monetary metals are manipulated. Recently, one particular allegation came to prominence because it was asserted by the German regulator BaFin.

Why Was China Carrying Gold?

The basic idea of capital controls is that the government thinks it can tell the difference between “good” and “bad” types of money moving in or out. As we’ll see below, arbitragers are clever and will do whatever it takes to make their transactions look like the “good” kind.

Still No Basis for Higher Silver Prices

In looking at supply/demand fundmentals for the metals, particularly silver, Keith Weiner writes, "There is absolutely no basis...to call for higher prices here."