
An introduction to the course with some knowledge share of why prices go up
Explore how currency debasement and central bank policies, including quantitative easing, raise consumer prices and reshape risk, illustrating gold's role as an inflation hedge.
Explore how seigniorage acts as an inflation tax, transferring wealth to the state through currency issuance, treasury profits, and credit creation by banks, boosting prices.
Explore how momentum, real interest rates, and ETF flows shape the gold price, highlighting opportunity costs of holding bullion versus bonds and mean-reversion dynamics.
Explore how central bank rate changes and market forces affect gold prices via nominal and real interest rates, bond yields, and bullion demand, with inflation-driven real rates boosting gold.
explain how price floors influence gold markets through the shutdown rule, distinguishing fixed versus variable costs and showing how supply contraction can set a gold price floor.
Central banks move gold prices via large holdings and net purchases; 2010 marked a shift to net buying, while gold's beta and safe haven status drive demand in risk-off times.
The course is delivered by Auronum and features advanced economic theory and empirical findings to explain why prices of consumer goods go up over time and discusses some reasons why prices should actually go down, not up.
The course will walk you through how the government measures price inflation and why this is flawed. You will also learn about currency debasement and how this impacts your cash deposits and sends ripple effects through the broader economy.
Auronum is a UK bullion company and has extensive knowledge of the precious metal industry which is broadcasted in our weekly precious metal reports at our website. The students on this course will benefit from this knowledge and use what is learned to make profitable investment decisions.
The content in this course is tailored to students with a basic understanding of economics, however, the lay person will be able to keep up with the course and benefit from its content just as much. The student will learn the complex topic of seigniorage and how this impacts our savings.
To finish the course, the student will understand why currency is debased, how it is debased and how this impacts the typical person. We will also discuss how to protect oneself from currency debasement.