About Me

Gary Christenson aka The Deviant Investor
GE Christenson_2_July2014

Gary Christenson is the owner and writer for the popular and contrarian investment site Deviant Investor and the author of “Buy Gold Save Gold! The $10K Logic” and “Gold Value and Gold Prices 1971 – 2021.” He is a retired accountant and business manager with 35 years experience studying markets, investing, and trading. He writes about gold, silver, the economy, and central banking. His articles are published on Deviant Investor as well as other popular sites such as 321gold.com, peakprosperity.com, goldseek.com, and dollarcollapse.com.

Many years ago he did graduate work in physics (all but dissertation), so he believes in analysis, objective facts, and rational decisions based on hard data.

Contact me: deviantinvestor  “at”  gmail.com for comments or recommendations about purchasing gold and silver.

You might enjoy my books:

Available at Amazon: Paperback and Kindle

“Buy Gold Save Gold! The $10K Logic”

“Gold:  10.000 dollars?”  German Language in hardcover

Gold Value and Gold Prices 1971 – 2021

Gold Value and Gold Prices 1971 – 2021 – second edition”

31 thoughts on “About Me

  1. Investopedia
    Lawful Money
    Reviewed by Will Kenton
    Updated Mar 23, 2018
    DEFINITION of Lawful Money

    Lawful money is any form of currency issued by the United States Treasury, and not the Federal Reserve System. It includes gold and silver coins, Treasury notes, and Treasury bonds. Lawful money stands in contrast to fiat money, in which the government assigns value although it has no intrinsic value of its own and is not backed by reserves. Fiat money includes legal tender such as paper money, checks, drafts and bank notes.
    Lawful money is also known as “specie”, which means “in actual form.”
    BREAKING DOWN Lawful Money

    Oddly enough, the dollar bills that we carry around in our wallets are not considered lawful money. The notation on the bottom of a U.S. dollar bill reads “Legal Tender for All Debts, Public and Private”, and is issued by the U.S. Federal Reserve, not the U.S. Treasury. Legal tender can be exchanged for an equivalent amount of lawful money, but macro-effects such as inflation can change the value of fiat money. Lawful money is said to be the most direct form of ownership, but for purposes of practicality it has little use in direct transactions between parties.

    The Federal Reserve Act of 1913, which established the Federal Reserve System and authorizes it to issue Federal Reserve notes, states that “[Federal Reserve notes] shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.” However, the Act did not explicitly define what lawful money meant. Since some currencies that could be used by national banking associations as “lawful money reserves” were not considered legal tender, Congress amended the Federal Reserve Act in 1933 to include all U.S. coins and currency as legal tender for all purposes. The 1933 amendment extended the power of legal tender to all types of money, creating a dissension on whether paper money and reserves of the Federal Reserve bank are lawful money.

    While some argue that Federal Reserve notes are lawful money, others tend to disagree.

    Since the US Constitution states “no State shall make any Thing but Gold and Silver Coin a Tender in Payment of Debts,” some believe that this is the definition of lawful money and, thus, any payment medium other than gold or silver is not considered lawful money. In effect, the primary meaning of lawful money is legal tender, but a broader interpretation is frequently applied in certain contexts.


  2. Gary,
    Hope you can this old man “84” to better understand your April 29 posting on Miles Franklin ” A Free Lunch Exists – for Some People”.

    I understood your message and heartily agree and very glad that you covered a very current topic with many politicians, namely “free everything”.

    Please put some meat into the line your posting that reads “But costs for “free” goods and services are paid via inflation, devaluation of the currency, loss of privacy, and other taxes.” Explain the “paid via inflation, devaluation” for me. Don’t fully understand the phrase sufficient to explain to my children and grand children.

    Thank you this favor. I know you’re very busy. Your answer would be helpful and appreciated.


    • “Free stuff” costs. Our government, in their wisdom, pays for some of the “free stuff” with newly created dollars – debt based currency units. That puts more currency into circulation and that creates consumer price inflation. Stuff costs more. We all paid for the “free stuff” with inflated prices or currency unit devaluations.
      I hope that helps.
      The Deviant Investor


  3. Thank you Gary for your articles. Yours is a voice of logic and common sense, in a financial world that seems to be devoid of both. You have encouraged silver stackers everywhere. All the best for 2019.


  4. Hey there Gary,

    Been meaning to reach out and say hello for a while. I also write for Miles Franklin, and it’s been nice seeing your columns and being on the same team.

    I do youtube interviews these days for a few channels that cover gold and silver, and if you’d ever like to talk about the markets for 15 minutes some time it would be a pleasure to have you on.

    Hope this message finds you well and thanks again for the great research!

    Chris


  5. Gary, regarding your Snowflake Manifesto. How about doing a pictorial of a $10 gold coin dated in the late 1890’s and who what $10 buys today and what that gold coin buys today? Do the same with four 1964 quarters. I worked in a truck stop in 1964 and someone would come in and say ‘gimme a buck’s worth of gas.’ A dollar bought 3 gallons of gas in 1964. A dollar today won’t, but show what those 4 1964 quarters will buy in gasoline!


  6. Hi,
    How about auditing Fort Knox?
    I don’t believe that there is any gold there.
    Trump surely does not want to go down in history as the President who ‘lost’ or ‘gave away’ the gold.
    Regards
    Peter Darley


  7. Dear Gary:
    I have read a lot of articles of your and known some unconfortable truths about our globe economics and politics. Although it’s hard for me to understand why things will become so extremely worse, I think i learn something from you charts and dates!

    I really don’t know what to say, but keep going on learning to understand some truths.

    One more time, I really appreciate what you are doing for us!

    Yours,
    Simon chen


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