Precious metals news

The Economy Fell Off a Cliff Months Ago, the Markets Just Don’t Know It Yet…

It's the devaluation of fiat paper currency that is "fraud" & investors should not have to pay capital gains tax on gold.

Barrick's Chairman (J. Thornton), bought $4M ABX shares on open market last week at $19: ex - president of Goldman Sachs

If you think the economy is weakening (& I do), then long-dated treasuries will rally (yields fall) regardless of what short-dated treasuries (dependent on Fed hikes) will do.

"important to get rich", in today's speech Yellen tells her audience that “considerable evidence shows that growing up poor makes it harder to succeed as an adult."

Fed’s Rosengren is Worried. The Fed caused it, but it won’t do much to contain it.

One wonders how this is possible in an economy that is set for rate-hikes-a-palooza...

€233.5 BIllion Allotted To 464 Banks In Final TLTRO Operation. Following the news, European stocks climbed, led by mining and bank shares, as lenders borrowed more than double what was forecast under the European Central Bank’s TLTRO program.

Dozens of California communities have experienced recent rates of childhood lead poisoning that surpass those of Flint, Michigan....

The debt restructuring plan sells Puerto Rico and its electricity ratepayers (and taxpayers) short by making the situation at PREPA worse

Similar approaches have failed in Greece and Portugal, and will also backfire in Puerto Rico.

On one side of the Atlantic, we have the U.S., which triggered yet another debt ceiling disaster last Thursday when the US government’s maximum allowable debt reset to just over $20 trillion.

Wells Fargo customers will be able to withdraw cash from any of the bank’s 13,000 ATMs using only their Android phone or iPhone from next week, with no card required.

From a Central European’s perspective the only good choice for preserving wealth during the past 100 years were well-hidden precious metals.

America’s westward expansion owes much to the search for gold. Strikes in 1848 at Sutter’s Mill in Coloma, California set off some 300,000 explorers looking to transform their lives. Although few actually found their fortune directly in gold, other entrepreneurs “struck it rich” by establishing banks, saloons, grocery stories, and more to provide goods and services for prospectors.
American “gold fever” still lives on in our culture with reality television shows like the Discovery Channel’s “Gold Rush” and PBS’s “Antiques Roadshow,” which appeal to many lost treasure seekers. With such a high demand, it’s no surprise that another form of gold rush reality “show” has sprung from the eccentric mind of 85-year-old millionaire Forrest Fenn.

The United States and China are the two largest economies in the world by far, and the upcoming trade war that is about to erupt will be cataclysmic for both […]

Michael Pento warns the collapse has started and will get worse quickly. “When the European Central Bank (ECB) announces they are going to take the $60 billion a month of easing […]

Lacy Hunt and Rick Santelli discuss federal finance, slower growth & restrictive monetary policy's risk to the economy.

it’s now time to address one of the fundamental pillars of current policy — a hazard so deeply rooted yet one so easily accepted due to its illusory nature: namely, the process of currency devaluation and inflation targeting.

If banks would continue to under perform or decline in price, it will raise questions if the reflation theme has peaked out.