Precious metals news

Right now, the problem is that monetary policy is carrying a load it was not designed to bear

and everything we know about economic history tells us that always ends in disaster

......as in all other cases of unlimited inflation, ends in a "crack-up boom" & in a collapse of the money & credit system

Data show that in 1968, the federal minimum was equivalent to $10.90 in 2015 dollars, nearly $4 higher than today's rate.

Existing home sales have finally recovered to 2001 levels, thanks to tepid economic & wage growth since 2009

Gold is a bubble which will burst, according to Rabobank chief investment officer Han Dieperink. In his latest update on financial markets, he expects gold to drop below $500 per […]

The Fed has done nothing to end the interconnectedness between these banks, who are counter-parties to each other's derivatives

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

As CPI begins to catch up with real inflation, the years ahead shape up as something similar to the late 1960s through 1970s

Next year that same person would pay $170, while the government would pay $211 a month.

On average, we are stealing more than 100 million dollars from future generations of Americans every single hour of every single day.

Under these terms, renewed monetary policy emphasis is not a source of hope but an expression of desperation.

He has totally disrupted the world economy and has completely lost all sense of how to manage the economy.

If there's nothing supporting this rally but euphoric sentiment arising from orchestrated buying, any eruption of reality will reveal the rally as a head-fake.

Gold is back in a new bull market as governments around the globe have moved to a new stage of desperation with the idea of "helicopter money,"

Francisco Blanch, global head of commodities at BofA-Merrill Lynch, explains his bullish call for Gold & Silver prices & how interest rates impact the markets.

"investors are buying Gold again in large amounts, today, the price of Gold is trading as a function of demand, like it normally should"

Efforts to solve the Puerto Rican debt crisis have already run off the rails.
Late last month, Congress passed a bill allowing Puerto Rico to restructure its debt. Under the plan, the US territory essentially declared bankruptcy. The US government won’t expend funds to bail out Puerto Rico, but will allow the island’s government to pay back debtors at less than 100%. Although the bill doesn't say so explicitly, for all practical purposes it created a bankruptcy process for the island.
Even with the agreement, Puerto Rico still defaulted on a $1.9 billion payment in principle and interest that was due July 1. Under the Puerto Rican constitution, bondholders were supposed to get first claim on government funds. At the time, Puerto Rico Governor Alejandro Garcia Padilla said the commonwealth could not raise enough money to cover the payment even if he completely shut down the government.
Fast forward to today and we find the Congressional fix has already started to unravel....

When we talk about gold and its future prospects, we tend to focus on the latest event, economic news, or central bank pronouncement. We debate whether the Fed will raise or lower rates. We try to project the impact of Brexit on the price of gold. And we pour over the latest job numbers and other economic data to gauge the health of the economy.
Of course, all of these things do affect the price of gold, but oftentimes these factors only have short-term impacts. There are fundamentals that affect the price of gold in the long-term that often get drowned out by the noise of squawking talking-heads.
The gold supply is one of those fundamentals often lost in the shuffle. Every indication is that it’s poised to shrink, and that could be more significant for the future price of gold than whatever latest news we’re obsessing over.