Precious metals news

The divide in economic confidence has become extreme.

Clashing data accentuate some key questions related to productivity, wage dynamics and the behavior of inflation.

The 65th Bilderberg Meeting will take place from 1-4 June 2017 in Chantilly, Virginia, USA. The key topics for discussion this year include:

Is the Price of Gold Being Suppressed by China Until They Accumulate All the Gold They Need? Jim Rickards warns, ‘When that happens, physical gold may not be available at all...’

So, after you buy gold or silver, what do you do with it?
Leaving it in a desk drawer probably isn't the best idea. Sticking it in a sock under your mattress isn't exactly secure either. You could bury it in the back yard, but then you run the risk of forgetting exactly where you put it. And drawing a giant X on the ground might be a little obvious.
Storage is an important consideration when investing in physical gold and silver. You want to keep your investment safe and secure, but also accessible.

Debt is piling up worldwide. But so what?
We have described increasing levels of US debt as a "ticking debt bomb." American families have amassed more than $1 trillion in credit card debt alone. As of the end of 2016, the average credit card debt per American household stood at $8,377. That was up from $7,893 at the end of 2015.
Of course, credit card debt makes up just one portion of US consumer indebtedness. You also have to factor auto loans and student loans into the mix. In February, total consumer credit stood at $3.79 trillion. The annual growth rate of total consumer debt is pushing 5%.

Last Year Silver Prices Soared $4/oz in June. Are We Setting Up For Another HOT Summer?

This means the 50% retracement is behind us & gold is set for new all-time highs in the years ahead.

The gold price is consolidating in a tightening range heading towards that strong move that we have been waiting for, for some time now.

China’s industrial silver consumption fell 15% in 2016, from 169 million oz (Moz) in 2015 to 144 Moz last year.  That’s a 25 Moz decline in just one year

This Could be the End of the Federal Reserve....

This is the biggest drop in pending home sales since August 2014 & comes on the back of last week's disappointing housing 'recovery'

One thing is fairly certain, though: The US economy, & with it the world economy, is caught between a rock & a hard place.

The Chart looks at the TIP/TLT ratio & the message it is sending about inflationary pressures, or lack of.

One final question: who will buy this latest securitized product? Well, there is about $8.5 trillion in shadow debt

a thoroughly disheartening picture of reality. To be cute, there is good reason why they used to call it depression.

They cover the coming chaos for the oil industry, the potential for our basic systems & infrastructure to fail, fundamentals of silver, when to buy precious metals, & much more. I

One of Marc Faber's favorite assets is still to own 25% in precious metals in this enviroment

We are talking about debt and unfunded promises to the tune ofmultiple hundreds of trillions of dollars – vastly larger than global GDP.

"That leadership all alone usually can't last forever," the director of floor operations at the New York Stock Exchange for UBS said on "Squawk on the Street."