first majestic silver

Keith Weiner

PhD in Economics, CEO of Monetary Metals

Keith WeinerDr. Keith Weiner is the CEO of Monetary Metals and the president of the Gold Standard Institute USA.  Keith is a leading authority in the areas of gold, money, and credit and has made important contributions to the development of trading techniques founded upon the analysis of bid-ask spreads.  Keith is a sought after speaker and regularly writes on economics.  He is an Objectivist, and has his PhD from the New Austrian School of Economics.  His website is

Keith Weiner Articles

Since LAST WEEK’S REPORT, the price action has been downwards. The price of gold dropped about $50, and that of silver $1.35. The gold-silver ratio rose to its highest level since the end of 2020.
​​​​​​​This time, we start with the gold-silver ratio. Let’s revisit something we said on 23 August: “…the supply and demand fundamentals of silver are stronger here than they have been since the Covid crisis. … physical silver is scarcer...
One way to look at the price of gold, is that it dropped from its high around $1,900 in early June. Another way is to zoom out, and look at the big picture. Here is a 10-year chart of gold and silver prices.
Sometimes, bad luck can strike. But other times, a catastrophe comes from a series of bad decisions, each the reaction to the consequences of the previous one.
The gold price dropped precipitously on Sunday evening, August 8. Or it was smashed down, depending on which headline you read. We look at the data to see what really happened to the price of gold.
When we saw the following comment from a prominent otherwise free marketer, we knew it was time to write this article. “…the value of the Fed's "liabilities"(which are so in name only) [scare quotes and parenthetic comment in original]...
There is sometimes a tendency to confuse ends and means. The purpose of Basel III is to make the banks safer? Is that the effect it will have? This article addresses the (un)intended effects of Basel III be on gold.
Mainstream analysis sees rising consumer prices, and looks for a monetary cause. Also, when it sees an increase in the quantity of dollars, it looks for rising consumer prices.
The prices of the metals were on a tear in April and May. Then some sideways action. And then this week, thud.
Before we talk about Fedcoins, let’s look at the old school non-digital, non-blockchain, coin. Gold. And silver. Since January 4, the price has dropped about $244. And the price of silver has fallen about $4. Are these buying opportunities...

China is the world’s biggest gold producer with more than 355 tons annually. Australia is second.

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