Precious metals news

For a limited time, SchiffGold is offering a special low price on "junk silver."
Don't let the name fool you. This silver isn't junk!
The term "junk silver" is sometimes used to refer to quarters, dimes, and half-dollars, minted before 1965. Actually, we should be calling modern coins junk because that's about what they're worth. Up until 1965, quarters and dimes were minted from 90% silver. After President Lyndon B. Johnson signed the Coinage Act of 1965, the silver was removed from the coins. That means, because of the silver content inside, those pre-1965 coins are far more valuable than their face value.
And for the next week, while supplies last, you can purchase these silver coins for just $1.25 over spot. That is the lowest price in the US!

Over the last few years, we've been keeping readers up to date on the most recent salvos in the world-wide war on cash. The following article by Ronald-Peter Stöferle originally published at the Mises Institute debunks many of the myths that support the central planners' push toward a cashless society.

Central banks ‘cannot make things certain that are uncertain’

Economic data remains sub-par. Inflation has fallen below the Fed’s target of two percent, yet they appear in their statements, determined to continue hiking short-term rates.

Naive comments by Fed Chair reveals stunning complacency over the ongoing financial fraud that led to the Global Financial Crisis.

You can almost hear the announcer for the movie trailer; “In a world stricken by financial crisis, a country plagued by spiraling deficits and cities on the verge of collapse – a war is being waged

A much shallower path of monetary policy tightening might be in the cards.

.....and is an almost classic case of government overreach.

This is the Sovereign Debt Crisis. It is inevitable and irreversible.

Tensions are rising between Senate Majority Leader Mitch McConnell’s leadership team and his party’s ideological factions, with a renewed sense of pessimism creeping into the Senate GOP’s efforts to repeal Obamacare.

Higher than expected, & last month revised up, however the trend is still lower. This report is only through May. The weekly bank loan report is as of June 28, and shows the down trend continuing..

Like the Fed, ECB, and BoJ, the People’s Bank of China has been over the past few years forced into heavy action.

I am approaching last week's price action in the silver market as a buying opportunity. There are so many issues facing the world on the political & economic landscapes that are supportive for prices of precious metals

Opec needs to “shock and awe” the oil market for prices to gain, according to Goldman Sachs Group Inc.

Deflation in Q2 and deceleration towards the end of the year are expected, said Peter Rosenstreich, head of marketing strategy at Swissquote Bank.

Deutsch Bank ... higher interest rates are simply unsustainable, the endgame is one: "at some point a government spends big and yields start to rise faster.

The distortions have also spilled outside Europe. By exacerbating the fiscal-financial problems of so many Eurozone members, they contributed to a general decline of the euro against the dollar, the yen, the yuan and other currencies.

Quantitative Easing reflated asset prices and the global economy. Quantitative Tightening is very likely to deflate them. The consequences could be dire. Investors need to be alert to these risks.

Gold has an excellent setup both from a long-term and a short-term perspective.

Here are the other nine cities that landed in the bottom 10, in reverse order.