Precious metals news

The Group of 20 summit that starts in Hamburg on Thursday is the most anticipated—and potentially turbulent—meeting of global leaders in years.

There’s no coincidence that the gold price peaked at the same time the EPU – Economic Policy Uncertainty index decoupled from the VIX, shown at the end of 2011.

A F.I.N.E. central bank can be defined as a Freaked out, Incompetent, Neurotic, Excessive central bank.

UBS likes ‘insurance qualities’ of gold at this kind of level

North Korea is "quickly closing off the possibility of a diplomatic solution", says the US.

How's this for a nightmare scenario?
You're driving a truck filled with tons of gold along a public highway and you blow a tire.
This actually happened in India back in the early 1991, and it underscores the importance of security for your gold.

While you may think of gold as a luxury item, many Indians view it as a necessity. In the Asian nation, buying gold is not just for the rich. In fact, a recent survey shows that possessing the yellow metal is a universal phenomenon across all income classes in India.
The yellow metal is interwoven into the country’s marriage ceremonies and cultural rites. Indians also value gold as a store of wealth, especially in poor rural regions. Two-thirds of India’s gold demand comes from these areas, where the vast majority of people live outside the official tax system. This explains why even the poor buy gold in India.

The new fund, to be called the Russia-China RMB Cooperation Fund, was created to make settlements in ruble and yuan.

People went on indefinite strike against the 30 percent tax imposed as part of the new Goods & Services Tax (GST) system.

There is a revolution coming that is engulfing the world. Governments are broke & are taking drastic measures to stay in business.

I think it’s time for us to declare our independence from an oppressive government that seeks to control our money & our lives...

In the movie “The International” Clive Owen plays the part of Louis Salinger, an Interpol agent trying to bring down the world’s largest bank. In this clip a banker explains things to him: Umberto Calvini: [In explaining the “true” nature of banking in the world] “The IBBC is a bank. Their objective isn’t to control [Read More]

Something Ugly Could Be Hitting the Financial/Economic System - SOON...

"Simply put, it’s the greatest time in history to be an investor in the precious metals asset class...."

Alasdair Macleod explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is the sound money chosen by markets […]

In recent decades, the number of suburbanites living in poverty has increased at an alarming clip, Pacific Standard reports.

Perhaps the single most accurate predictor of the economy has rolled over into recession territory. I’m talking about tax revenues. GDP growth, unemployment data, ISM surveys… all of these can and are massaged by statisticians to create a rosier picture of the economy than reality.

Alarm bells tend to go off every time an economist, central banker or high-ranking government official declares that there’s little to no danger of economic turmoil in the near future.

This is the second monthly decline in a row, signaling Q2 GDP may be weaker than expected. "We're Gonna Need More War"