Precious metals news

$1.8 million down the drain

A combination of geopolitical pressures could spark the end of the U.S. dollar as the world's reserve currency.

Although the CNBC Analyst did say "The dollar is set to slide but there may be buying opportunities on the way down". Figure that one out...

I have long stated that this is intentional as the purpose of CPI is to hide the true rate of inflation so the Fed can paper over the decline in living standards that has plagued the US for the last few decades.

There’s $210 Trillion of Liabilities Our Government Can’t Fulfill. If you are dependent on Social Security to fund your retirement, recognize that your future is an unfunded liability—a promise that’s not really a promise because it can change at any time.

Comptroller Admits No Idea What True Balance Of Outstanding Bills Is

"What I don’t want to see us do is raise rates so fast that we get an inverted yield curve because history has shown an inverted yield curve has tended to be a precursor to a recession,"

We've heard a lot about Russian election hacking over the last year. But Jim Rickards said there is only one Russia story that really matters - that is the country's efforts to break away from the hegemony of the US dollar and the dollar payment system that currently dominates global trade.
Over 60% of global reserves and 80% of the world's payments are in dollars. But Russia is taking steps to free itself from dollar dominance. And As Rickards points out, the most aggressive weapon in the Russian war against the dollar is gold.
As we reported last month, gold creates a foundation for Russia and China to shift economic power from the West to the East.

We talk a lot about India's love affair with gold. The Asian nation ranks as the second largest gold consumer in the world, behind only China. Gold is intimately intertwined with Indian cultural and marriage rights, and it serves as a vital cog in India's economy,  both above ground and underground.  But the yellow metal has a new lover vying for its attention.
Germany.

Jim is convinced the U.S. is on a path toward war & will have to attack before they miniaturize their nuclear warheads to missile size.

SD Midweek Update: What a difference three days makes. These "dips" are being bought right now...

"We want to avoid an inverted yield curve." BlackRock chief Larry Fink says if the Fed tightens too much that could put the bond market out of whack and hurt stocks.

Fed officials' concerns about non-transitory low inflation sparked a dovish drop in the dollar and pop in precious metals...

Central Banks and the damage of years of mis-allocated capital

The yield curve has collapsed since The Fed's hawkish September statement & balance sheet normalization is believed to be like watching paint dry.

I like all precious metals, they are going to be in a massive & unprecedented bull market sometime in 2018.

With news like this recovery story coming from the UK, paper currency and digital cryptocurrency don't stand a chance...

Foreign Minister Ri Yong Ho says the U.S. and North Korea "need to settle the final score, only with a hail of fire, not words."

A NUCLEAR-powered US aircraft carrier with 7,500 seamen on board is expected to join the build-up of warships amassing near North Korea.

Switching to digital payments would boost the economy, a new study argues.