Precious metals news

Hurricane Maria slammed into southeastern Puerto Rico as a Category 4 storm with the potential to inflict $30 billion in damages just two weeks after Irma ravaged the cash-strapped island.

A 7.1-magnitude earthquake hit southeast of Mexico City late Tuesday night local time, leaving hundreds of people dead and dozens missing.

In what may be one of Janet Yellen's last, and certainly her most difficult in recent history meetings, tomorrow the FOMC will not hike rates but will announce the start of its balance sheet normalization programme, while revising its economic projections and hinting whether the December meeting is "live" for one more 2017 rate hike. Here's what else to look forward to...

The London Bullion Market Association recently chose a new administrator for its silver price auction, and scientists have discovered a variety of rice that accumulates and stores naturally occurring silver in the soil.
The Silver Institute covers these stories, and highlights several other technological innovations involving silver, in its latest issue of Silver News.

The Federal Reserve Open Market Committee will meet this week. There is virtually no expectation of a rate hike this time around, but there is widespread anticipation that the Fed will outline its strategy for shrinking its massive balance sheet.
In his most recent podcast, Peter Schiff made a pretty good case that the Fed won't be able to shrink the balance sheet at all. I fact, he says the central bank will end up having to expand the balance sheet even more when it's all said and done. The deteriorating economy is one factor, but an even bigger problem for the Fed is the exploding national debt.

Stewart Thomson says the "golden wave" is coming, so goldbugs should enjoy the dip to load-up on gold because institutional investors are about to start buying gold in a big […]

Jim Willie says the United States has no gold and doesn't even bother with tungsten anymore. Jim says it's likely just yellow painted wood bars posing as gold. But China's […]

"We’re in a period of very elevated global asset prices – possibly the most elevated in aggregate through history"

It’s probably the oldest investment adage: buy low, sell high.So what is “low” today? And just as important, what is “high” that we should avoid buying?As Mike Maloney points out in his new video of the Top 10 Reasons he buys gold and silver, everything is a scary investment—except precious metals.That’s not just talk. Here’s a snapshot of just how overvalued the three biggest asset classes are…StocksYou undoubtedly know that the US stock market is at an all-time high. But it’s more than high—it’s in runaway mode…

Hedge Fund Titan Ray Dalio just weighed in on Bitcoin and Gold, and one of the camps will be very angry, and it's not the goldbugs...

Backwardation and soaring demand, but falling gold prices. Dave Kranzler shows how the BIS has opened up the flood gates in physical gold even more than they did leading up […]

A major new buying spree is just getting underway according to Adam Hamilton, and there is an event in the making that will propel the gold price higher...

G. Edward Griffin's 1994 book, "The Creature from Jekyll Island," is an excellent primer on the failings of the Federal Reserve.

This week's two-day Federal Reserve meeting will likely usher in volatility for the U.S. dollar, one foreign exchange strategist said.

Central banks unwinding quantitative easing, potential crises in China & Italy and populism could causes financial crises, according to Deutsche Bank.

Hedge fund titan Ray Dalio says to succeed in markets, you need to bet against the consensus — and be right

The storm was on track to move over the northeastern Caribbean Sea and, by Tuesday night or early on Wednesday, approach the Virgin Islands and Puerto Rico, where millions are still reeling from Hurricane Irma earlier this month.

The gold for fiat rupee scheme had high hopes of Indians turning in 25,000 tonnes of gold. The actual amount turned in to-date is a joke, but there is a new problem that's […]

The US national debt was in the news last week as Pres. Trump signed a spending bill that raised the debt ceiling limit for the next three months and added approximately $318 billion to the national debt. Officially, the US debt surged to to $20.16 trillion. Of course, the actual figure for government unfunded liabilities runs even higher. And Trump wants to do away with the debt ceiling altogether.
The US debt makes up just one part of a rapidly growing worldwide debt problem. Earlier this summer, US Global Investors CEO Frank Holmes called global debt “the mother of all bubbles.” Now we have a report from the Bank of International Settlements saying worldwide debt may actually be understated by $13 trillion. Reuters reports the understatement is because "traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds."

Despite rising prices, a tax increase, and government attempts to tighten regulation of the jewelry industry, gold continues to flow into India.
Gold imports into the country nearly tripled year-on-year in August. An estimated 60 tons of the yellow metal flowed into the Asian nation last month, up from 22.3 tons in August 2017. This continues a trend for the year. Over the first 8 months of 2017, India's gold imports climbed to 617.5 tons, a 158% increase over 2016.