Precious metals news

Texans will soon have a place to store gold a& precious metals. More than a year after lawmakers OK’d creating a Texas Bullion Depository, proposals to actually create it are due by the end of the month.

August was a terrible month for selling big trucks. History says that's scary.

Finally, by way of an ‘if/then’ statement, this daily chart advises that if Yen is bullish vs. USD, then gold & silver are bullish too.

Following G-20 meetings in China & petrodollar swings, the international monetary system enters new world money: Petro-SDR. Jim Rickards reports...

In a Project Syndicate commentary last month, Robert Skidelsky called rising levels of public debt in the advanced countries a "scarecrow" and urged more borrowing. But, as Greece, Italy, and Japan have learned the hard way, the scarecrow has teeth.

Sterling is headed for a fifth quarterly decline against the US dollar, the longest downward run in more than 30 years, as the currency continues to slide after the UK vote to quit the European Union.

It has reduced the fixed-income returns in retirement plans and the broad pension plans upon which so many people are dependent

Potentially unsafe levels of chromium-6, a carcinogenic chemical associated with environmental activist Erin Brockovich, were found in the drinking water supplies of 218 million Americans, according to an analysis of federal water samples.

In his latest episode, Peter Schiff reacts to the first presidential debate and Donald Trump’s missed opportunities to put Hillary Clinton on the defensive about paid maternity leave, government mandates, profit sharing, and the Federal Reserve.
One of Trump’s biggest opportunities was going after independent voters by expanding the argument that Clinton’s policies were “just more of Obama” and included criticism of George W. Bush. “You’re looking for the undecideds,” Peter states. “You’re looking for the independents, and they will appreciate someone who’s critical of both parties.” Certainly, a cross-party strategy would have emphasized Trump’s “outside” position, a major theme of his campaign.
In the end, Trump failed to call Clinton out on her erroneous assumptions about the economy (i.e. Bush’s tax cuts caused the 2008 Financial Crisis). Trump had ample opportunity to show Clinton’s lack of business experience and idealistic detachment from economic realities.

This means investment is on hold. People are saving (hoarding cash) & deflation is continuing globally. Meanwhile, we are seeing world trade collapse.

The IMF warned Tuesday that central banks are struggling to beat back deflationary forces & that governments need to spend to help them succeed. In a new assessment of global economic conditions, the IMF said many countries worldwide are battling disinflation - low & slowing

Another crisis is coming. We can be sure of it. Because the problem behind the crisis of 2008 — fake money, fake interest rates — was not corrected.

Fed Yellen’s defense of the central bank as non-partisan came under attack on Wednesday, as a Republican congressman cornered her on whether a key policy maker would have a conflict of interest in discussing a post in the next U.S. president’s administration.

Last April, former Fed Chairman Ben Bernanke wrote a series of blog posts for Brookings that was intended to explain one of the biggest contradictions of his legacy.

As each curve gets squashed by righteous pessimism, they together indicate nothing good about the near-term future, even more so than what their past corroboration has already been proved as valid.

“Something” changed all right, & it is showing up in more and more places this summer & now early autumn.

California, the nation’s largest issuer of municipal bonds, is barring Wells Fargo & Co. from underwriting state debt, from its banking transactions and in its investments after the company admitted to opening millions of bogus customer accounts.

So I had a pretty nasty combination of income deflation, cost inflation, and asset price stagnation

The red-hot growth in home prices across the U.S. West is starting to slow in some cities as sticker shock and low inventory put off weary buyers.

China’s long-held desire to provide an alternative to the U.S. dollar will get a boost on October 1, when the yuan enters the International Monetary Fund’s basket of reserve currencies, placing it alongside the pound, euro, yen and dollar.