Tag Archives: 6a) Gold & Monetary Metals

When you invest in gold or buy silver coins with GoldCore you are choosing to invest in an asset that has no counterparty risk. Sadly those who have been holding their bitcoin on the crypto exchange FTX, have not experienced the same level of reassurance and service from the exchange’s management. This event is all part of a much wider lesson about which assets really are safe havens. Also how to reduce the level of counterparty risk your investment portfolio is...

Scottsdale, AZ–Nov 15, 2022  Monetary Metals is pleased to announce it has closed a Gold Bond for Akobo Minerals AB (AKOBO.OL), a publicly traded company, headquartered in Oslo, Norway. The term of the bond is two years, and investors are earning an annual interest rate of 19% on gold, paid in gold. The proceeds will be used to develop the mine entrance to Akobo’s Segele gold deposit, in addition to building and installing a processing plant on site. The bond was...

You can listen to the audio version of this article here. Last week the cryptocurrency exchange FTX, which was recently valued at $32 billion, imploded. While the tragedy continues to play out, let’s summarize what has happened so far: FTX is a cryptocurrency exchange, co-founded by Sam “SBF” Bankman-Fried. FTX enables customers to make leveraged bets (as high as 20 to 1) on cryptocurrencies. More often than not, it takes loans to make loans. FTX would make these...

According to the Austrian business cycle theory, the boom-bust cycle emerges in response to a deviation in the market interest rate from the natural interest rate, or the equilibrium interest rate. As a rule, it is held, the tampering with market interest rates by the central bank sets the boom-bust cycle in motion. Given this viewpoint, one might suggest that even with a gold standard without a central bank, an increase in the supply of gold money will lead to the...

One of the biggest reasons for people deciding to buy gold bars or to own silver coins is because of the folly of central banks and government. It seems bizarre to most people that we are all aware that money doesn’t grow on trees and yet those responsible for financial stability have forgotten this basic life-lesson. But, what has felt even more bizarre (and maddening) is for how long this foolishness has been allowed to continue. Well, it seems this won’t be the...

In this latest installment of our Zombie Month series, we welcome Daniel Lacalle onto the Gold Exchange Podcast. Daniel is an economist, fund manager and professor of Global Economics. Daniel discusses the recent fallout in the UK, the pressures building up in the global economy, and the central banks’ creation of zombie firms. Listen to Ben, Keith and Daniel get into everything from quantitative easing to zombie slaying. Connect with Daniel on twitter @dlacalle and...

Gold in 2023 Will Be Driven by Real Rates A Fed pivot is to be expected in 2023, according to today’s guest Mike Singleton. Mike is Senior Analyst at Invictus Research and joins us for the first time, here on GoldCore TV. [embedded content] In his chat with our host Dave Russell, Mike gives us his thoughts on inflation, the US Dollar and what the future holds for gold and silver prices. You’ll hear why Mike thinks that real rates are the key for us to look out for to...

CEO of Monetary Metals Keith Weiner gave a talk at the New Orleans Investment Conference on how to build and destroy a pension fund system in 22 easy steps. If you’d like to see an excellent case study of these steps in action, see the United Kingdom. This is a summary of Keith’s talk published with his permission. Our interest rate system is like a wrecking ball. It swings to one side of the street and destroys one side of town (the falling interest rate). Then when...

Rep. Alex Mooney (R-WV) joined Fox Business in support of H.R. 9157, the Gold Standard Restoration Act. “The Federal Reserve note has lost more than 30 percent of its purchasing power since 2000, and 97 percent of its purchasing power since 1913,” the Congressman from West Virginia told host Kennedy. Economists have observed that the elimination of gold redeemability from the monetary system freed central bankers and federal government officials from accountability...

Early this month, Congressman Alex Mooney of West Virginia introduced the Gold Standard Restoration Act (H.R. 9157). If enacted into law, it would require public disclosure of the federal government’s gold holdings and eventually define the dollar as a weight of gold. For the moment, the bill’s chances of passage are as nil as nil gets. Sound money, whether it’s gold or silver or paper that is “backed” by one or both metals, may not acquire a sizable constituency...