In a prior episode, John Flaherty and CEO Keith Weiner discussed the intricacies of inflation, its definition, and the monetary and nonmonetary forces at play. This time, they go a little deeper.
More episodes from "The Gold Exchange Podcast with Keith Weiner"
Ep 24 - Destructive Profit vs Productive Profit
22:52This week’s episode of the Gold Exchange Podcast explores the idea of profits, and why it matters how you get them. Much of the financial world has confused the idea of profit with price appreciation. Or as we like to say, they confuse investment with speculation. Investment is deploying capital productively in a business for a yield. Speculation is betting one's capital on an asset price rising. There's a reason why this confusion exists. Central Banks have manipulated and distorted the most important market on planet earth - the market for money and credit. Interest rates are unhinged, and have been falling for over four decades. This has created an investment environment where more and more activity is speculative, and less and less is real investment. While both actions may produce a "profit" there is a significant difference. The results of one build civilization. The results of the other, tear it down.
Ep 23 - The History Behind the Nixon Shock
30:32The history of the Nixon Shock doesn't begin in 1971, it goes all the way back to 1792. As Keith wrote about in his article, Nixon's decision to close the gold window was the culmination of a long history of bad decisions. Decisions where government repeatedly and wrongly interfered in matters of money and credit, where each subsequent decision compounded the ill-effects of the previous one. In other words, the Nixon Shock is the not-so-grand-finale of a long and checkered history of the federal government messing with people's money.
Ep 22 - Reimagining Physical Gold with Adam Trexler of Valaurum
33:32Can there be innovation in physical gold? Absolutely! In our increasingly digital reality, innovation in the material world may seem a bit passé, but not to Dr. Adam Trexler, founder and President of Valaurum. Valaurum produces the Aurum® - the smallest verifiable unit of gold for investment available on the market today. Adam joined Keith and John for an invigorating discussion on what the future of gold is going to look like. "We're at the tip of the iceberg in terms of mainstream gold investment in the United States." That was how Adam began his thoughts on the state of gold today. Keith and Adam take a deep dive into all things gold - what makes gold money and the obstacles that stand in its way, the different forms and functions of gold, legal tender laws, and how we're rediscovering the foundational economic truths about gold and money in new and exciting ways. We were delighted to welcome Adam as our first guest on the Gold Exchange Podcast and we hope you enjoy their conversation!
Ep. 21 - The Debt Reset
20:22It’s the proverbial elephant in the room. Everybody knows it’s there, but nobody wants to talk about it. When it is discussed (which is rare), it’s brushed aside, made to look like it’s under control, or kicked a bit further down the road. Meanwhile, it just keeps growing. Those that do see it as a problem tend to misdiagnose its cause, which assures their proposed remedies will miss the mark. We’re talking of course about the national debt. Now, as if it were a last-ditch, throw-your-hands-up-in-exasperation kind of attempt, there’s been talk of simply “resetting” the debt. We are reminded of Boromir at the outset of the Fellowship: “One does not simply reset the debt…”
Ep 20 - The Truth about the So-called Silver Squeeze
21:56The precious metals blogosphere has been lit up with the #silversqueeze story. Building on the momentum of the Reddit-born retail trade warriors made famous by squeezing the shorts in GameStop, a Wall Street Silver channel was created. And silver became the next main "squeeze"... if you will. This all started in late January, and for a moment, it looked like it had some legs. It was getting national press coverage, but eventually fizzled out due to the price losing momentum and reversing direction. Nonetheless, a group maintains the silver squeeze isn't over. Rather, it's only just beginning with another "squeeze" attempted earlier this month. This time feels different, with allegations and accusations being leveled at notable precious metals companies, not just the big banks. What's going on? As always, Keith provides some answers in this latest episode.
Bonus! Theory of Interest and Prices at Mises Conference 2021
21:52Keith presented his Theory of Interest and Prices at the Mises' Austrian Economics Research Conference earlier this year. Described as one of the most interesting talks of the entire event, this episode includes his fifteen-minute presentation as well as some follow-up thoughts by Keith himself at the end.
Outlook for Gold 2021
20:23Back in February we published Gold Outlook 2021, our annual analysis of the gold and silver markets from CEO Keith Weiner. In it, Keith explained the market players, dynamics, fallacies, and drivers. He also made a call on gold and silver prices for the year.
17:21Our recent article on Fedcoin - a digital currency being considered by the Federal Reserve - revealed the sinister and pernicious reasons behind such a move. This week's episode of The Gold Exchange Podcast explores the topic further.
Inflation's Inconvenient Complexities, Part 2
25:00In a prior episode, John Flaherty and CEO Keith Weiner discussed the intricacies of inflation, its definition, and the monetary and nonmonetary forces at play. This time, they go a little deeper.
Inflation's Inconvenient Complexities, Part 1
14:44There's been a lot of talk of inflation lately, with predictions in the media running from one extreme to the other. Most folks define inflation simply as "rising prices." But as John Flaherty and CEO Keith Weiner discuss in this week's episode, it's just not that simple. There are a number of intricacies to be aware of if you want to understand what's really going on.