Gold •158 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •10 mins | 957.40 | +23.60 | +2.53% | |
WTI Crude •10 mins | 68.07 | +0.87 | +1.29% | |
Gasoline •10 mins | 1.935 | +0.029 | +1.50% | |
Ethanol •158 days | 2.161 | +0.000 | +0.00% | |
Silver •158 days | 30.82 | +1.16 | +3.92% |
Silver • 158 days | 30.82 | +1.16 | +3.92% | ||
Copper • 158 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 10 mins | 71.93 | +0.81 | +1.14% | ||
Natural Gas • 10 mins | 3.207 | +0.131 | +4.26% | ||
Heating Oil • 10 mins | 2.173 | +0.040 | +1.89% |
Contributor since: 29 Jan 2012
Keith is founder of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of precious metals fund manager Monetary Metals. He created DiamondWare, a technology company which he sold to Nortel Networks in 2008.
There are many books on the market today about the coming collapse of the global dollar-based monetary system. Many of them purport to help the…
In a gold-based monetary system, every asset is ultimately backed by gold. This does not mean that every debtor (including banks) keeps the full amount…
I have written other pieces on the topic of fractional reserve banking (http://keithweiner.posterous.com/61391483 and http://keithweiner.posterous.com/fractional-reserve-is-not-the-problem) duration mismatch, which is when someone borrows short-term money to…
I have written a number of pieces on fractional reserve banking and duration mismatch. I have argued that the former is perfectly fine, both morally…
Here is the second session where I propose a unique solution of how we get from today's broken dollar system to gold. The video is…
On Friday, June 8, King World News had a blog entry ( http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/8_London_Trader_-_Staggering_515_Tons_of_Gold_Sold_in_4_Hours.html) based on an interview with an anonymous London Gold Trader. Eric King…
Today, short-term interest rates are set by the diktats of the central bank. And long-term interest rates are set in a "market" in which the…
The current financial crisis, may progress to a phase where people demand and hoard dollar bills but take electronic deposit credits only at a discount…
On Monday, May 14, something happened that hasn't happened since Dec of 2008. Two successive near-month precious metals futures contracts were in backwardation at the…
Dear Professor Keen, I am a monetary scientist and a fan of some of your work. I admire the courage it took for you to…
Milton Friedman was a proponent of so-called "floating" exchange rates between the various irredeemable paper currencies that he promoted as the proper monetary system. Many…
I am writing this, having just returned from the fourth course at the New Austrian School of Economics, in Munich. The single biggest theme was…
Benjamin Bernanke Chairman of the Federal Reserve Mar 25, 2012 Re: Open Letter to Discuss Your Misunderstandings About Gold Dear Ben: You have publicly gone…
The March silver futures contract first entered backwardation on Mar 9 and with a few zigs and zags has not only remained there but has…
In 1913, the US Congress authorized the creation of the Federal Reserve. Its mandate was limited, but it grew over time to become the central…
On Feb 29, gold fell $100 an ounce from a high of $1790 to a low of $1688. Numerous breathless conspiracies abound, but most center…
On Friday, I published an article: The Arbitrageur: Silver Backwardation. I was the only one to cover the news of the end of silver backwardation.…
Ever since early fall 2010, long-dated silver futures have been in backwardation. This means the price of a silver future for, say, Dec 2015, was…
Today, people who believe that gold is money think that one should hoard gold. They seek to take possession personally. Or when they have it…
Orignally posted at the Gold Standard Institute on January 25, 2012 After the near-collapse of the financial system in 2008, a growing number of…