Precious metals news

Central banks continue to report leased and swapped gold (gold receivables) as an asset on their balance sheets. This accounting fiction, which doesn’t follow any international accounting standards is a […]

Books every precious metals investor should read - now summarized in just minutes.

a rogue central bank that has seized plenary financial power already, & that is so mummified in groupthink that it will stop at nothing in the expansion of its remit.

We are looking at the collapse of government's ability to issue debt as we move forward into this cycle. The only buying will be central banks at the end of the day - totally insane.

The trend has changed, & prices will continue to rise over the coming months. The breakout has occurred, & it fulfilled all the requirements to be considered valid

The Gold price will find its true value and price over $10,000 per ounce. The Silver price will find its true value and price over $300 per ounce. In reaching […]

Ron Paul talks about buildup of Gold in China & other Asian countries & Gold standard's effect on world peace.

Rickard's - "China hacked FDIC, the people who "guarantee" your savings. Good luck with digital wealth"

Osborne had served as finance minister since 2010 & was considered a likely future prime minister until last month's referendum decision to take Britain out of the European Union

With no warning, Citibank says that in 30 days it will close the Central Bank & the Bank of Venezuela's accounts

Just over a year ago, cash-strapped Venezuela quietly conducted a little-noticed gold-for-cash swap with Citigroup as part of which Maduro converted part of his nation's gold reserves into at least […]

John Williams talks about where he sees the markets heading & believes the dollar will decline with monetary

With interest rates near-zero or even negative, it doesn't cost governments much to borrow huge sums from future taxpayers

Mr Cameron went to Buckingham Palace just before 5.00pm on Wednesday to formally tender his resignation to Queen Elizabeth II.

Central banks account for over 10% of actual demand for the metal. Their buying spree is expected to fuel a continued uptrend in the market.

Precious metals expert Michael Ballanger discusses the relationship of rising money velocity, money printing and new stock market highs.

When re-insurance companies, whose sole purpose is to insure other insurance companies, start to panic into gold...

explains skepticism about the surge in Gold & why seasoned investors like George Soros are investing in the yellow metal again.

The Japanese economy is sliding into oblivion pulled along by central bank policy. In response, the Japanese people are buying gold.
Economic growth has languished in Japan for nearly two decades despite extraordinary monetary policy including negative interest rates and round after round of stimulus. The government even flirted with the idea of helicopter money, although that appears to be off the table, at least for the time being.
Factory output is down and stocks are slumping. The Japanese government just cut its GDP estimate from 1.7% to 0.4%, and Prime Minister Shinzo Abe urged more central bank intervention. He called for coordinated stimulus from the government and the central bank in yet another attempt to revive the ailing economy.
Meanwhile Japanese people are doing what people have done for centuries when faced with economic uncertainty. They are plunging into gold.

Over the last few months, a number of big-name, mainstream investors have said buy gold. Stanley Druckenmiller publicly advised investors to sell US stocks and buy gold. Legendary hedge fund manager Paul Singer said "it makes sense to own gold.”
With Brexit now a reality, and bond yields slipping lower and lower, the gold bulls continue to charge. This week, Joe Foster, gold strategist at VanEck, jumped on the bandwagon, saying he expects $1,400 gold this year, and he doesn’t believe it will end there:
Many are seeing the looming potential for another financial crisis and making a strategic allocation to bullion as a hedge against systemic risk.”
TD Securities also predicts $1,400 gold and said $1,500 is possible if the Federal Reserve further cools market expectations for an interest rate hike: