Palisades Gold RadioKeith Weiner: Will Interest Rate Hikes Fix Inflation?
44min2022 JUL 13
詳細信息
Tom welcomes back, Keith Weiner, to the show. Keith is the President & Founder of Gold Standard Institute USA and CEO of Monetary Metals. Keith discusses the recent "Uganda gold discovery" and all the anti-gold people believe it's going to collapse the price. Even if it's true, no one is going to mine anything below the cost of production. All the gold ever mined in history is still exists, and all of it gets recycled. Gold produced doesn't really go away. Keith explains how backwardation works in commodities. It means if you have crude oil in storage, you could sell it today for delivery in the future. It's a sign that we have scarcity in the market. Gold serves as an excellent benchmark for measuring your wealth in ounces instead of dollars. It's difficult measuring wealth in currencies that consistently shrink. Keith argues the dollar doesn't determine its value strictly from the quantity that exists. If that was the case, the dollar wouldn't be worth much today. Gold has strengt...