Welcome to The Gold Exchange with Keith Weiner, where we untangle market and policy complexity using timeless economic principles.
Ep 23 - The History Behind the Nixon Shock
September 1, 2021 • 30 MIN
The 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
July 21, 2021 • 33 MIN
Can 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
June 4, 2021 • 20 MIN
It’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
May 14, 2021 • 21 MIN
The 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
April 15, 2021 • 21 MIN
Keith 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
April 7, 2021 • 20 MIN
Back 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.
Inflation's Inconvenient Complexities, Part 2
March 19, 2021 • 25 MIN
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.
Inflation's Inconvenient Complexities, Part 1
March 12, 2021 • 14 MIN
There'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.
Unexpected Insights On Fractional Reserve Banking
March 5, 2021 • 22 MIN
Our prior episode on "money printing" veered into fractional reserve banking at a few points, so this week John Flaherty and Monetary Metals CEO Keith Weiner dive into that topic.
The Pressing Problem with "Money Printing"
February 25, 2021 • 25 MIN
The phrase "money printing" conjures images of a giant printing press spitting out sheets of hundred dollar bills somewhere in the basement of the Fed.
But is that what's *actually* happening lately? Absolutely not.
Join John Flaherty and Monetary Metals CEO Keith Weiner for a conversation that will likely make you say "WOW!" or "Whaaat?" or maybe even "Oh, NOW I get it..."
The Yield Purchasing Power Paradigm
February 18, 2021 • 29 MIN
Most people think in terms of purchasing power: how much can one’s cash buy?
In this week's episode, CEO Keith Weiner & John Flaherty discuss an alternate perspective. Instead of spending your capital, what if you invested it to earn a return? What can that return buy?
Investing Principles for Precious Metals Investors
January 28, 2021 • 28 MIN
This week's episode is the result of many questions submitted by listeners. Such as: Should I invest in silver or gold? What are the main things I need to consider? Can you help me understand what the Fed is doing? Does it make sense to borrow in order to invest in precious metals?
Using Gold Bonds to Avert Financial Armageddon
January 19, 2021 • 29 MIN
Our current financial environment with massive, growing debt and an irredeemable currency has many investors asking if that debt can ever be paid off. Is it even possible to close this chapter and move on to an honest monetary system?
Why The Dollar Isn't Money - PART 2
January 12, 2021 • 17 MIN
In episode 6, we introduced the distinction between money and fiat currency, discussing what gives the dollar – or any fiat currency – its value. Now, we continue that conversation discussing additional characteristics of money, and illustrate how a false definition of money can lead to a corrupt state that wields blank checks.
Gold Bonds Are Back, Baby!
January 7, 2021 • 22 MIN
Once upon a time, gold bonds were the norm. They effectively financed productive enterprise & generated income for bondholders - until 1933. And although it has taken 87 years, the gold bond market is reemerging.
Why The Dollar Isn't Money
December 29, 2020 • 17 MIN
Despite what Google Images serves up, money and currency are not the same thing. This view differs from that of mainstream economists, and this episode illustrates how those mainstream misconceptions might materialize to everyday folks. So what is it today that gives the dollar - or any fiat currency - its value? And how do we plan for the possibility that its value could change significantly?
Why GDP is a Poor Measure of Economic Health
November 23, 2020 • 15 MIN
The problem with GDP is that government consumption of private capital is positive. And with the government gradually taking over all aspects of the economy, even a small cut in spending can send workers to the unemployment line and shutter businesses.