Precious metals news

Did the U.S. just double-cross China under the Shanghai Accord? If so, China will act on its own to devalue the Chinese yuan.

Outspoken billionaire hedge fund manager Crispin Odey lashes out at governments, central banks, & Europe for their desire to stop recession at any price

Concerns about Puerto Rico's fiscal health are mounting given its sizable & persistent structural budgetary imbalance, weak pension funding ratios, increasing debt burden, poor economic conditions and ongoing political uncertainty.”

Think about it: half of Americans have ZERO retirement savings & will be fully dependent on the Social Security once they retire

The S&P/CoreLogic/Case-Shiller (hereafter called Case-Shiller) home price indices for May 2016 were just released.

believed to be a UK first, the bank has signalled its intention to force account holders to either pay to hold money or move funds elsewhere

The worst part of the world's ongoing financial crisis is still on the way: A crisis that has its roots in the debt-based monetary system.

What happened in the period between 2007 & 2011 was the same that happened in 1930 & really 1931.

The confusion & policy disorder, dare I write desperation, is palpable. Economists have spent years, really the whole span of this “recovery”, redefining the concept of recovery.

The highly-anticipated Rio Olympics begins next week (August 5th), and with it, a race for the gold. Soon, Olympic winners will be standing on the podium donning their gold, silver, and bronze medals and waving towards a roaring crowd. Nothing is more iconic of the Games than these medals draped around the winners’ necks. But have you ever wondered if the Olympic medals are actually made of gold at all? It turns out today’s gold medals actually contain very little gold at all.
During the Ancient Olympic Games, winders didn’t receive medals at all. Instead, they won a wreath made from olive leaves from a sacred tree near the temple of Zeus at Olympia. It wasn’t until the 1896 Summer Olympics that winners were awarded with actual hardware. However, at that time top performers didn’t win gold; they took home silver. Second place received bronze.

Between Jan. 1 and July 11, the price of silver increased 44.7%. But can the white metal maintain its bull run?
A prominent mining CEO thinks it can – and will.
Mining, Inc. CEO Mitchell Krebs told Kitco News that he expects the precious metals sector to attract even more investor interest through the second half of this year. Krebs, who also serves as president of the Silver Institute, went on to say he thinks silver sits in a unique position to outperform as it benefits both as a monetary metal and an investment metal:
I think, right now, silver is in this sweet spot and I think this trend can continue.”

Fifteen years after embarking on its largely ineffective quantitative easing program, Japan appears poised to try the form recommended by Ben Bernanke i

According to Peter Schiff, If you’ve been waiting to buy gold or buy silver, the wait is over...

Economists as a group are pretty certain that the Bank of Japan will pull the trigger on more easing Friday

The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies.

ECB purchases of government debt are set to significantly outstrip new supply until the end of the year, helping pin yields near record lows in a trend strategists said on Tuesday will persist for months.

How does a company lose 69 million customers? Just ask Citigroup Inc.

And they can't put the EU banks back to 2007 levels again... without taxpayer money.

Royal Bank of Scotland and Natwest could become the first U.K. banks to charge customers to hold their cash if the Bank of England yanks benchmark interest rates below zero in wake of the Brexit vote.

One hundred years ago A. Mitchell Innes rejected the standard story on the origins of money, whereby money spontaneously emerged as barter became progressively costly with the increasing division of labor and greater abundance of goods on the market.