Precious metals news

Historian Michael Grant identified profound political disunity in the ruling elite as a key cause of the dissolution of the Roman Empire.

The American Revolution was inspired by one book entitled Common Sense by Thomas Paine. We even find British political tokens with the saying “END OF PAIN“

Next week, Black Friday and Cyber Monday will kick off the start to the U.S. holiday shopping season, during which consumers are expected to spend a total of $655.8 billion this year. With the average bill coming in at $938.50 for holiday spending, where are people finding the extra cash? We looked back at the last five years of Equifax data to see how consumer debt correlates to holiday purchases.

the macro environment continues to favor Gold. Currently Central Banks are withdrawing from additional monetary stimulus and have begun calling for Governments to pick up the slack via fiscal stimulus.

Gold prices log modest rebound from the nine-month low they ended at last week as the highflying dollar cools a bit on Monday.

This term is derived from the fact that the original reserve currency was gold — in the sense that trade debts were settled from the debtor country’s gold reserves.

weary of talk that the Italian banking system is so threadbare and stuffed with terrible loans that it threatens Europe with another financial crisis.

As with all major crises, Italy’s current predicament is a multi-headed hydra. It’s a banking crisis, an economic crisis, a debt crisis, and a political crisis all rolled into one, and all coming to a head at the same time.

Without Any Prior Warning, Moments Ago the US Mint Advised Their AP's That The Mint is Suspending Silver Eagle Sales, & No Further Coins Will Be Available Until 2017 Silver Eagles Are […]

Jim Rickards explains the billion-dollar “buzz saws” that were unleashed on markets election night. Read on for more...

Chart Of The Day:Post by @DA_Stockman.

Peter Schiff recently appeared on Alternative Media Television (AMTV) to discuss the so-called “Trump effect” on the US economy. So far, the stock market has gone through some downs after the president-elect’s surprise win and now back up with the Dow Jones average nearing record highs.
There’s also been last week’s bond rout, which sent long-term yields soaring as bond prices dropped. The yield on the 10-Year Treasury saw its largest two-week increase since 2001, up 5.9 basis points to 2.337%. The selloff was driven by “rising inflation expectations and the market’s near-certainty that the Federal Reserve will raise interest rates in December,” according to MarketWatch.

the BOJ came in this week and made it known that they were a buyer of Japanese government bonds, in an unlimited amount (i.e. they are willing to buy however much necessary to push yields back down to zero).

The return of inflation towards our objective still relies on the continuation of the current, unprecedented level of monetary support

Van and Lacy are not optimistic that Trump-led tax cuts and infrastructure spending will stimulate the economy to any significant degree. They also remind us that the economy still bears an enormous debt load that will likely restrain growth for years to come.

As India continues to struggle with a countrywide cash shortage as a result of the November 8 demonetization in which the government unexpectedly removed the highest denomination bills out of circulation and which has brought various mostly rural part of the cash-driven economy to a halt , the government is resorting to ever more novel solutions how to restock outlets with new, "clean" cash.

If interest rates rise, the U.S. dollar's strength could fall in 2017, strategist Jim Paulsen says.

Hardly a day went by without hearing that certain taxpayers “need to pay more of their fair share.”

The Fed's second-in-command said spending and other efforts to boost productivity could help reduce the Fed's burden of supporting the economy.

In the detailed analysis below, Koos Jansen provides more proof the “precious metals assets” on Chinese commercial bank balance sheets have little to do with the “surplus” gold in China’s domestic market: