Precious metals news

As the saying goes: “Keep your friends close, and your enemies closer.” Here’s a quick look what the Fed’s been up to this week.

This week the Federal Reserve Bank of Philadelphia released the results of its Manufacturing Business Outlook Survey. The Survey of regional manufacturers showed general activity falling from 4.7 to -2.9 for July.  According to Market Watch, this is the “ninth month of declining activity of the past 11 months and the slowest pace in six months” for the region. These numbers represent what Peter’s said about the economy in the past: “The Actual picture [the Fed paints] is an economic recovery that is over, if it ever happened.”
Some centrist Fed officials told the Wall Street Journal a rate hike is likely this year if the economic outlook continues to look positive. Timelines were thrown out, with a possible hike as soon as the September meeting. But that’s eight weeks away, and there are two job reports and other economic data to consider. A s...

Peter Schiff recently participated in a panel discussion in Las Vegas with Goldmoney co-founder, Josh Crumb and CEO Darrell MacMullin, along with best-selling author George Gilder.
During the discussion, Peter got down to the very basics, answering the question: what is money? He explained the important distinction between currency and money, pointing out that gold is money. Paper backed by gold is true currency. The government prints fiat currency – which is nothing but paper backed by nothing.
Peter said the time to return to gold has arrived:
Today, in the 21st century, this is going to be the real century of gold. And it’s not going to be because governments decide to go back to the gold standard…but because the public rebelled against fiat money and reclaimed honest money – money that holds its value and in fact gains value.”

It's plain to see just how far below the healthy range real per capita GDP growth has declined.

Years of painfully slow growth slashed in one fell swoop!

In governments & central banks, major financial - economic problems are glossed over with soothing public relations & rigged statistics

The apartment site Rent Cafe has an interesting graphic and data about how much space costs across the USA

In January of 1998 there was a record La Nina. By the summer of 98 the water temperatures had fallen rapidly & a strong La Nina developed. 2016 is shaping up to be a perfect repeat.

The IMF managing director could face as much as one year in jail if convicted

The U.S. financial system continues to disintegrate even though most Americans hardly notice. The system is being gutted from the inside out… much the same way a chronic disease weakens a patience even before any symptoms are felt.

That may help explain why a significantly higher percentage of American millennials have student loan debt than older generations

Farage told POLITICO he would start a tour of European cities in September to help spread the appetite for referendums on EU membership beyond the U.K.

Would a Collapse of Deutsche Bank really be 5 x Bigger Than the Collapse of Lehman Brothers? The Doc Joined Kennedy Financial to Discuss the Biggest Risks Facing the Global […]

At some point there will be a Commercial Short Squeeze, which would result in a skyrocketing gold price as the bullion banks scramble to buy back their positions.   If the […]

Back from 3 years ago Speaker Godfrey Bloom MEP, UKIP - explain's his view on Central Bankers

Bo Polny warns The FINAL TOP is IN, and a Final and Terrible Crash is Imminent...

How Close Are We to the “Panic of 2016”? Gerald Celente says, “We are at the doorstep, and it’s ready to go..."

Gold is bad, gold coins are being counterfeited, gold doesn’t pay interest, gold is a pet rock. These are scare tactics designed to keep people out of the gold market and, […]

Just how far could this current rally take the royal metal? 

Overall, we remain steadfast bulls on precious metals and expect the performance gap over equities to continue to widen

Gold has rebounded on Thursday with gains, erasing most of the losses sustained in the Wednesday session. In the North American session, the metal is trading at a spot price of $1329.35 per ounce