Precious metals news

BofA's results "bury the myth that a rising rate environment would deliver severe losses for bond investors over multiple decades.

We think money arose from market exchanges. But we could be wrong. This article looks at another history of money, and reveals what dollars really are..

Japanese companies overwhelmingly say the government's latest stimulus will do little to boost the economy and the Bank of Japan should not ease further, a Reuters poll showed, a setback for policymakers' efforts to overcome deflation and stagnation.

In his most recent Gold Videocast, Peter Schiff takes on San Francisco Federal Reserve President John Williams’ new monetary prescription for the ailing US Economy. Williams sees the current trend of slow economic growth as a “new normal”. His plan calls for raising the target inflation rate beyond its current 2% value. But how does Williams want to raise inflation? With a simple sleight of hand trick that no longer uses real GDP growth (i.e. adjusted for inflation), but uses nominal GDP growth.
Essentially, Williams wants to use a less accurate (and conveniently higher) number as the standard for measuring the economy’s “real” growth. It’s the policy equivalent of removing the gold standard. Once again, the government substitutes something real for something fake. The Fed can now add fantasy numbers to their magician’s box, which they use to hide the real recession we’re in.

Now things are changing. Between the Russian announcement and yuan/RMB convertibility, the US will gradually have more trouble printing money at will. Perhaps the corrupt military-industrial complex will be impelled to shrink and large-scale social programs like the wretched Obamacare will have more difficulty with funding as well.

The chronic and acute dollar shortage as evidenced by the decaying post-2007 global eurodollar system, Global central banks resorting to selling Treasuries as a means to filling dollar funding gaps

The Arizona House of Representatives has convened a Committee to explore the issuance of Gold Bonds...

Bank which is 14% owned by State to impose unprecedented levy on larger customers

The idea of keeping piles of cash in high security vaults may sound like something from an old movie plot, but some banks and insurers have recently started considering the idea as interest rates sink below zero across much of Europe.

Junk bonds may be rallying but it has little to do with corporate credit quality, which just keeps deteriorating.

The Bank of Japan will not rule out deepening a cut to negative rates it introduced in February, the Sankei newspaper quoted Governor Haruhiko Kuroda as saying, even as the controversial policy has failed to spur inflation or economic growth.

The bottom line is there is a wicked setup being developed that could lead to a rapid destruction of capital if something “goes wrong” in the weeks or months ahead.

James Grant, warns of a crash in sovereign debt, is puzzled over the actions of the Swiss National Bank and bets on gold.

The fate of US GDP and the dollar, and why it could break to the downside

Investment banking in Europe is down, as Wall Street firms expand their presence overseas.

A group of Japanese financial institutions are looking to create a platform for real-time currency exchange services.

Korea is officially going cashless by dumping coins first. 

Clear the media noise and get this; gold leads out of deflation and into new inflationary cycles.

The year isn’t over yet. More mass layoffs to come.

Michael Oliver from Momentum Structural Analysis and writer David Jensen join me to provide the latest evidence of global economic collapse. The biggest bubble in the history of the world is about to pop...