Palisades Gold Radio: Fed’s Actions Could Push Gold Past 2300 this Year (w/ Keith Weiner)

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Palisades Gold Radio
Feb 25, 2022

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 how he makes his market forecast and why he begins with ruling out certain data.

He examines the basic price for metals and looks at the spread compared to futures to determine market inventory. This was the hardest year to predict because we stand at a fork in the road for the Fed.

Should the Fed hike rates there will be some sort of serious consequences. There is a lot of uncertainty at the moment and we see that uncertainty with the dollar. People are starting to question the value of the dollar and considering alternative options.

Gold is the constant measure of economic value and Bitcoin does not share that key characteristic. He doesn’t believe it’s money and that it is not sound. It also lacks the tangible physical aspect.

In an environment of capital controls being implemented gold and silver become increasingly useful. They also become useful in emergencies and can bring real options in a crisis

The M1 money supply doesn’t have a good correlation to gold and that is because it doesn’t work the way people believe. People believe that inflation is everywhere a monetary phenomenon but it’s more complex than many believe. There are regulatory issues with the production of goods today that inflate prices and many of these are not monetary related.

Gold tends to recover quickly in a market crash due to its characteristic value, especially when compared with equities and other paper assets. Silver has more of a speculative component than what we see with gold. This causes silver to have different market dynamics.

Lastly, Keith discusses some price targets for gold and where it may head this year. He believes the Fed reaction and any rate hikes will be quite limited.

https://www.youtube.com/watch?v=ElIW6v8QJ7M

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