My interest in Gold goes back to the 1976 when I panned in the Putumayo Province of Colombia. It drifted from my mind until around 1980 when I again began to accumulate Gold. Then the price crashed and I lost interest again.
In 2006 (2007?) I attended a seminar by Professor Antal E. Fekete in Szombathely, Hungary. It was a startling experience and opened up a whole new perspective on Gold as money.
I came to realize that I had not been buying Gold, I had been selling dollars. It is a 180 degree shift that is very hard to people to make. I know many people who seem to understand it intellectually, but cannot rationally integrate it into their thinking. They still speak in terms of the ‘price of Gold’ and ‘will Gold go up or down?’.
It was at one of Professor Fekete’s seminars that I met Keith Weiner. Our interests dovetail in important areas. He is a ‘doer’, not a waffler. He is a practical man, not a conspiracy theorist. He is a thinker, not a feeler.
What is the point of all this?
The point is that both Professor Fekete and his student Keith Weiner, who went on to a PhD, have warned for years that we were facing a deflationary collapse.
Not one other commentator did. All wrote in terms of a hyperinflationary future.
I have not heard of or from Professor Fekete for many years and assume that he is retired.
Dr Keith Weiner, who built extensively upon Professor Fekete’s work, is the man to read if you want to know what is really happening in the world today. Most of the rest of the Gold ‘experts’ are simply spruiking their wares. Others are groping for an historical precedent.
There is no precedent for the gross distortions of today. Our central planners at the central banks, along with their faux money, have rendered our markets seemingly beyond rational understanding. The daft PC fancies and follies of western societies only add to the sense of confusion.
Economic fundamentals are not understood. Dr Weiner understands those fundamentals better than anyone out there.
I met up with Dr. Weiner again last week on his visit to Australia. His drive and strong sense of purpose to get Gold circulating again before it is too late are as impressive as his intellect.