About the Monetary Scientist
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Trace Mayer is an entrepreneur, investor, journalist, and monetary scientist. He holds a degree in Accounting and a law degree from California Western School of Law. He has also studied Austrian economics, focusing on the work of Murray Rothbard and Ludwig von Mises.
He is a strong advocate of the freedom of speech, operates RunToGold.com, has authored The Great Credit Contraction, is a member of the Society of Professional Journalists and the San Diego County Bar Association.
He has appeared on BNN (Canada’s national financial network), ABC, NBC, many radio shows, presented at the Cambridge House Investment Conference and to many other groups. He is also a Gold Standard Contributor to the prestigious Seeking Alpha which is syndicated through Yahoo! Finance and MarketWatch.
He has always been very interested in entrepreneurship, money and the financial markets. He believes education is the key to opportunity and humility, the ability to change and adapt, are essential to successfully allocate capital.
He generally deals with high-net worth individuals. He may be available for interviews, speaking, training, writing or consulting.
The main purpose of this website is to provide ideas and information on monetary science and economics that will combat the extremely dangerous false ideas currently in the marketplace causing many undesirable and harmful effects. Ideas can only be overcome by other ideas. Money and force are impotent against ideas. Government abuse of currency has enabled many evils including the rise of dictators and perpetuation of genocide. The abandonment of sound money is the chief reason, if not the only reason, that the world has become such a dangerous place.
As the worldwide fiat monetary system evaporates it will take education and humility to successfully navigate the chasm and retain one’s wealth. We are feeling the gigantic tectonic plates underneath the financial system begin to shift. The shift of wealth that is happening is gargantuan and if one is properly positioned they can profit handsomely from the change. Luck is when preparation meets opportunity.
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Dear Trace,
Great site and articles! I’m writing to you begging for help with a issue that could be useful to many of your readers. Over the past few weeks I have been trying to convince my father (and others) that hyperinflation is coming or is already here. My father is a smart man, CPA, successful entrepreneur, and believes that deflation is what lies ahead. Therefore, there is a real problem with differences in our ideas about what to do going forward.
Your recent article “US Dollar in Hyperinflation” makes my point (better than I ever could!). I sent him a link to your article, but I just know his response will be that you have a vested interest in gold/commodities prices going up and, therefore, he will disregard it as ‘marketing’. My question to you is how I should handle his response? Also, other information or Web links would definitely be helpful.
Thank you in advance for your time.
Godspeed,
William
You raise some interesting questions on GLD.
The question I didn’t see, however, is “Why on earth would anyone set up a business in such a way that it isn’t possible to account for every speck of gold down to the last grain?”. Subs of subs of subs, for crying outloud!
I tell you truly, everyone I know who is holding physical knows exactly how much they have, and exactly where it is located, without having to stop and think about it.
Of more interest, perhaps, is how little money it would take to break the Comex gold bank.
Did you know that at current levels, buing every ounce of gold ever mined would take less than 1% of the global currency supply?
You could be looking at the biggest short squeeze in the history of the world.
Don, I mentioned the ‘paper gold’ game on the DSC back in September. The 1% is nuts and what is even crazier is the rate of change (crazy calculus) between the two. Yes, the Great Credit Contraction has started and is going to be epically historic.
http://www.runtogold.com/2008/09/daily-source-code-792/
http://www.creditcontraction.com
Hello Trace,
Saw your article on ’silver backwardation’ posted on coininfo.com.
Very informative!
Regards, Karl
Замечательно написано, но как говорится, для точного представления нужно как минимум три источника :)
Trace, I was quite impressed by your interview with David Morgan and by my initial scrutiny of your website. I have a question which I hope you are able to make a response, either by email or on the website if you consider it of sufficient general interest.
I have substantial (for our family) holdings of Coeur d’Alene Mines and Hecla Mining, both major silver producers and both domiciled in the USA and with US dollar balance sheets. I have experience pressure to shift these holdings to either bullion or companies with non-US dollar balance sheets. Due to the steep decline in the market price of these and most other PM holdings, I am reluctant to make such a switch immediately. My thinking is that though I believe the US dollar sooner or later is going to devalue sharply. However, even when it does, as I see it, I am still protected against the devaluation by holding PM stocks, even though denominated in US dollars. As the US dollar devalues, the PM stocks should tend to rise commensurately or better. To me, the significant risk factor is a total collapse of the US monetary system with PM and other stocks caught up in the chaos. This seems to me to be far less likely than the virtually certain devaluation. Could you please comment on this? I keep wondering if I have missed something and that I should take prompt action to get out of these US dollar holdings. By the way, I am Canadian and most other PM holdings are denominated in Canadian dollars.
Please excuse this rather lengthy post. I have become quite wound up about this situation.
Dear Trace -
Am a big fan of your writings. Could you please send me your email one day? Been kicked off FB at the moment and I want to contact you on something privately.
Jake
Candidate for US Congress in 2010, PA-15
Briefly, what do you know about the IRS re: gold and silver that we should all be aware of? Something about a 28% tax on gain? Supposedly even applies to minted coins? Is there anything that can be done to avoid their reach on coins (if that is truly subject to their greed)? Thanks in advance for an introduction on this subject.
Trace,
I am interested in using some of the data presented in your chart, “The Great Credit Contraction” in an article for my company. If you have a moment to email me, I’d like to ask about two piece of data and how you’d like to be sourced.
Thank you,
Jason Farkas, CMT
Trace,
Thanks for your information and work. You have some really useful information and charts. What software do you use for your charts?
Best regards,
Ted Spaeth
Hong Kong
Hellou,
i like your pyramid scheme and it is not clear for me which level includes our bank accounts money. Could you make it more apparent?
Dear Trace Mayer:
I am writing because I have a couple questions which maybe you could talk about on a podcast.
I have been hearing gold and silver investors and analysts remark that there is a possibility that the COMEX could default, and not be able to deliver the physical metals it either is supposed to have or which it says it has. If there is a sudden demand for delivery of gold and silver for delivery, then what would happen?
Let’s say the COMEX defaults and can’t make good on its promises. Then what would this do to say the ETFs (GLD and SLV), which also presumably get their metals from the COMEX? There are some other ETFs that simply appear to be trading COMEX futures – for example AGQ and Horizon’s 2X gold bull as well as others.
If the COMEX were to run out of gold and silver, then what would happen to those ETFs? Would the (GLD and SLV) ETFs have to suddenly become close-ended funds? In the case of say AGQ, which probably doesn’t have any silver on hand, would that just vaporize? Would investors lose everything?
And let’s say the COMEX were to get ‘Steamrolled”, then what would be the outcome to the COMEX and for the other commodities like oil that also get traded on it? Could the COMEX become totally insolvent if its is no longer able to deliver on its contractual promises?
I am sure that certain parties have derivatives placed on the COMEX. Could a COMEX default unleash a melt-down to the whole market system.
This is a topic I have been wondering about a lot for a long time and which I see no discussion of anywhere.
Thank you for your time and have a nice day.
AS Chichura
investing in gold is so simple. invest in real gold, go to a store and put it in your hand, take it home after purchase. paper/electronic gold is no different in its various forms, you have no direct access to the item; you simply have access to the price.
you must have direct access, or you will either a) experience delays in delivery or b) experience nothing at all (because there is no gold stored).
no iras, no etfs, no electronic. just the real stuff. hasn’t anyone learned yet? people keep putting money into third parties, and then ask where did my money go?
Trace,
Are you coming back up to Vancouver BC for this weekend’s Cambridge House event? Tim and I had a great time speaking with you at the reception and we’d love to hook up again and share some thoughts….
Russell
No, I will be in Southern California at the IMN distressed commercial real estate conference and at a wedding for a close friend. Two birds with one stone!
Dear Mr. Mayer,
I had a good chuckle from your last article, describing the boiling points of the precious metals and the temperature at which paper ignites.
Sincerely,
Robert Hamilton
P.S. No relation to the rothschild agent alexander hamilton