Gold Outlook Report 2026 · 10th Edition
The era of monetary competition has begun.
Here's what the data says happens next.
The free 2026 Gold Outlook Report from Keith Weiner, PhD.
While the market debates where the price goes from here, Keith's Basis/Cobasis framework tracks the real drivers of gold. Not sentiment. Not headlines. The actual supply and demand dynamics in physical gold markets, before they show up in price.
Get the 2026 Outlook
The 2026 question
After a year like 2025, everyone has an opinion. Very few have data.
Gold surged over 65% in dollar terms in 2025. Central banks bought at historically elevated levels. Institutional money moved. And a lot of gold holders watched it happen, pleased with the price, but not entirely sure what comes next.
That uncertainty is exactly what this report is built to address.
Most gold analysis tells you where the price might go. Keith's Basis/Cobasis model tells you something different: whether the demand driving that price is real, durable, and grounded in physical markets, or whether it is speculative momentum that has gotten ahead of fundamentals.
That distinction matters more in 2026 than it has in years. Because after a run of this magnitude, the question is not whether gold had a good year. It is whether your gold is working as hard as the market did.
A significant portion of the world's gold supply sits in private vaults right now, producing nothing. Storage fees accumulate. The metal sits idle. And the only way that strategy pays off is if the price keeps rising. That is a bet on a single variable.
Every other serious asset class, including stocks, bonds, and real estate, generates yield while you hold it. Gold did exactly the same for nearly 5,000 years of monetary history. The last 90 years are the exception. Not the rule.
The report covers what the data shows heading into 2026, and why this year is a different conversation than any year before it.
Inside the report
What's inside the 10th edition.
The same analysis Keith presents at institutional conferences. Yours for free.
The longest-running gold outlook from a yield platform
The report covers what comes next
Among fastest-growing US companies
Rated Excellent by gold owners
What investors are saying
Trusted by gold owners worldwide.
"I couldn't be happier with my experience at Monetary Metals. My only regret is that I didn't become a client sooner."
"Keith Weiner is one of the most knowledgeable people in the gold space. His research is a genuine resource."
"Thoughtful writing on monetary theory. Monetary Metals is doing things that nobody else in this space is doing."
Individual experiences vary. These testimonials reflect the personal views of clients and subscribers and are not representative of typical results. Testimonials have not been independently verified. This is not financial advice.
Why Keith built this
"Gold is not rising. Currencies are falling. And in 2025, the drop was precipitous. Gold owners deserve analysis that goes beyond 'gold is going to the moon.' I built the Basis model to provide a rigorous, mathematical framework for understanding where gold is actually headed."
Keith Weiner holds a PhD in monetary economics and founded Monetary Metals after selling his first company, DiamondWare, to Nortel Networks. He has spent over a decade building the only platform where investors can earn a yield on gold, paid in gold.
After a year like 2025, the conversation shifts. Not whether gold was the right call. But whether your gold is working as hard as it should be.
The annual Gold Outlook Report is the same analysis he presents at institutional conferences, at CNBC, and in Forbes. It is how he runs his own firm.
Here is what you will receive
After your download, you will also receive a short educational series from Monetary Metals covering how gold owners are putting their metal to work, earning yield on their gold, paid in gold. Each email is educational. You can unsubscribe at any time.
Your information is kept private. No spam. Unsubscribe anytime.
Get the 2026 Gold Outlook Report
Instant access. 10th annual edition.
Your information is kept private. No spam. Unsubscribe anytime.