Monetary Metals's blog
Everyone knows the dollar is unstable, and falls alarmingly over long periods. And yet we still presume to use this paper to measure the value of gold! Amazing.
The dollar dropped a lot this week, though most would say gold and silver spiked. Gold owners have 4% more dollars and silver owners have 7.4% more. How much less are those dollars worth?
In this part, we look at the question: Is gold a currency? Professor Tom Fischer answers, “Yes, gold is a currency with the symbol XAU”.
The linear Quantity Theory of Money holds that if more units of a currency are issued, then the value of each unit should fall. Bitcoin was designed with this idea in mind. It's a fatal flaw.
A widening bid-ask spread in silver would be tantamount to the metal losing its moneyness.
The selloff in silver has had an unexpected effect on silver spreads.
Think sentiment in gold and silver are the same? They violently diverged this year. The difference could have a profound impact on your trades.
At times silver metal is being dumped in quantity in the spot market, and at other times paper silver is being bought aggressively in the futures market.
The prices of the metals were down sharply last week. Was this manipulation? As you’ll see below, the picture in silver is astonishing.
There is a tradable approach to analyzing the fundamentals of supply and demand in the monetary metals markets. This article is a brief summary of the approach we take...
In 1933, FDR confiscated the gold of Americans. This common telling portrays it as a simple case of robbery. It makes people wonder if 1933 is a precedent. I don’t think it is so simple.
Since February, there has been at least one silver contract in backwardation and since May 31, the September contract has been backwardated. But that has now come to an end.
How do we protect the mining operation so that it can operate in both good times and bad while at the same time generating profits that grow with the gold price?
Any backwardation in gold at all is serious. Recently, a related phenomenon has occurred: the GOFO rate has gone negative.