The David Lin Report Global Monetary System 'Unglued'; How High Will Gold Go? | Keith Weiner
Dec 8, 2025
Keith Weiner, Founder and CEO of Monetary Metals, dives deep into the gold and silver markets. He debunks myths about gold prices and reveals how central bank purchases influence demand. Weiner explains the recent surge in gold prices, linking it to economic fragility and rising consumer debt. He highlights significant global buyers, particularly from China and India, and discusses how his company pays interest on gold holdings. With insights on silver's performance and market dynamics, this conversation sheds light on the evolving monetary landscape.
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Inflation As Monetary Counterfeiting
- Weiner defines inflation as monetary counterfeiting: creation of unsound credit with no intent or means to repay.
- Inflation in this sense undermines currency trust and drives people toward hard money like gold.
CPI Mixes Monetary And Non-Monetary Forces
- Consumer price movements mix monetary and large non-monetary forces, weakening CPI's signal for gold.
- Productivity gains and regulatory 'useless ingredients' can suppress or lift consumer prices independently of money supply.
Basis Signal Shows Durable Gold Rally
- Monetary Metals' basis and co-basis metrics show price rising without rising scarcity, implying a durable trend.
- A flat basis while price climbs suggests less tendency for the gold rally to quickly reverse.