monetary-metals.com

Discussion of the Gold portion of the Permanent Portfolio

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ppnewbie
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monetary-metals.com

Post by ppnewbie » Tue Jan 04, 2022 12:13 pm

Has anyone put money (actually gold) into this company? I have listened to this company's founder on repeated podcast and like him (Keith Weiner) and his message. I get the same feeling when I listen to him that I do when I listen to Paul Belanger, Belangp. This company has an interesting niche. They lease your gold and pay a yield (in gold). They also have created gold bonds.
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Xan
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Re: monetary-metals.com

Post by Xan » Tue Jan 04, 2022 12:23 pm

ppnewbie wrote:
Tue Jan 04, 2022 12:13 pm
Has anyone put money (actually gold) into this company? I have listened to this company's founder on repeated podcast and like him (Keith Weiner) and his message. I get the same feeling when I listen to him that I do when I listen to Paul Belanger, Belangp. This company has an interesting niche. They lease your gold and pay a yield (in gold). They also have created gold bonds.
Who is borrowing the gold, and for what?
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Re: monetary-metals.com

Post by ppnewbie » Tue Jan 04, 2022 4:45 pm

https://monetary-metals.com/faq/

"What kind of businesses? Jewelers, mints, precious metals dealers, refiners, recyclers, mining companies. Basically any company that has physical gold or silver as inventory or work-in-progress.

They happily pay a fee to lease the gold & silver inventory required in their business. Our lease financing eliminates the price risk present in traditional bank financing, and protects their margins (since they no longer have to hedge)."
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seajay
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Re: monetary-metals.com

Post by seajay » Tue Jan 04, 2022 6:03 pm

Hmm! Wouldn't be comfortable with the counter party risk! Not adequately rewarded IMO. If someone were otherwise 100% gold then they might lend 75% of that to themselves, a better counter-party risk factor, and perhaps liquidate that gold to invest in a 33/67 stock/bond asset allocation as a form of gold hedge, perhaps opting for a 50/50 STT/LTT barbell for the bonds. I've heard that can do quite a decent job compared to just holding 100% gold alone ;)
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Re: monetary-metals.com

Post by ppnewbie » Tue Jan 04, 2022 6:08 pm

The lessee is insured and monetary metals is also insured.
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