Connect with us

Hi, what are you looking for?


Keith Weiner: Debt Crisis Coming, Watch These Huge Forces Moving Gold

Keith Weiner is concerned about the level of debt in the US, saying the overarching number of more than US$33 trillion breaks down into an unsustainable burden of US$330,000 for every working person in the country.

‘What cannot be paid will not be paid. This is going to be a horrific crisis — but not today,’ he said.

In his view, investors should look to gold to protect their wealth. ‘Are people going to get richer by holding gold? Perhaps. But they’re going to get poorer by holding dollars, that’s for sure. So that’s really why I think people should be owning gold,’ noted Weiner, who is the founder and CEO of Monetary Metals.

He sees two ‘enormous forces’ influencing gold. One of those is the issue of forced sellers — these are people who don’t want to sell their gold, but have to because of financial stress. The other is strong buying from non-western nations.

‘Gold has been bought massively in certain parts of the world, (and) gold has been liquidated in many places involuntarily. Then you see a gold price that doesn’t seem to want to get out of a range of US$1,900-something (per ounce) to US$2,000-something. But I think we’re not in the bear market of 2012 to 2018,’ Weiner explained.

‘We’re in a bull market. Maybe with volatility and uncertainty and a lot of sideways motion. But I think we’re in a ‘buy the dips’ market, which is not where we were in 2012 to 2018 — that was a ‘sell the blips’ market.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    North Korea may be known as the hermit kingdom, but the isolated nation could be edging toward opening its borders to small numbers of...

    Editor's Pick

    One of the perks of being speaker of the House — or at least, one of the characteristics of it — is that you...

    Latest News

    Evacuations are underway across Hawaii’s Big Island and Maui as passing Hurricane Dora helps fuel wildfires that have damaged structures, prompted rescues and spurred...

    Latest News

    Former world No. 1 Caroline Wozniacki won her first competitive tennis match in three-and-a-half years on Tuesday, defeating Australian Kimberly Birrell 6-2 6-2 at...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024