Precious metals news

Swiss Asia Capital's Juerg Kiener informs CNBC that Gold prices are set to hit new all-time highs within the next 18 months...

Howard Flinker has been managing money for a long time and is always on the lookout for cyclical opportunities. Right now the best gold and silver companies are on his […]

RECORD LEVELS OF COMEX GOLD OI CAUSES BANKERS TO EXECUTE ANOTHER RAID TODAY

Perhaps the real lesson is that if an average price of $20 is good enough for JPMorgan, it should be good enough for anyone

Talk of $25, $27, & even $32 an ounce have emerged. Those levels would take prices to their highest since at least 2013.

"The nation has a creaking banking sector that could undo all the European Central Bank's efforts to save the euro if not handled correctly."

Germany may now find itself in the ironic situation that its own bailout intransigence will force it to engage in a bail in for one of its bigger banks.

And Italy's is in the middle of a white-hot banking crisis. Risk of contagion in Italy & far beyond is HUGE

In @ 12:36 of the second half, Kirby talk's about Deutsche Bank's massive derivatives book, That no one want's to talk about

The spike in the gold price during the holiday weekend triggered a record ONE-DAY surge in mainstream investor gold demand. How much gold flooded into Gold ETF’s and Funds on […]

If you missed out on gold’s recent rally, fear not, because one savvy trader is betting more than $6 million that the gold bullion breakout is far from over...

With economic & political uncertainty Central banks & investors are hunting for safe assets with a decent yield

One of the most crowded trades on Wall Street is about to implode

Both Russia & China have also been diversifying their assets by investing in Gold

China, the world's biggest producer & consumer of Gold, added about 500,000 ounces to central bank reserves in June

"UNCERTAIN" In other words, the Fed has no clue what is going on

Is Bernanke about to unleash the next, & final, monetary policy evolutionary step, one which launches "helicopter money" in Japan, & if successful, brings it across the Pacific to the US?

This is a story about debt - 2008 was the crystallization of that, the years since have been the denial of it, and the years to come will be the resolution.

In the early 1830s, an eastern Kentucky man named Josiah Sprinkle started minting his own coins and circulating them around the area. Eventually, government officials got wind of Sprinkle’s operation and arrested him. But he was ultimately found not-guilty in court.
How did a man minting his own coins escape the long arm of the law? Because his coins were pure silver. They were equal in value to the silver dollars minted by the US government. In fact, they were worth slightly more.
This historical oddity reveals an important truth. When money was actually silver and gold, its value was intrinsic. The value came from the metal, not a promise by the issuing government. The government didn’t have to fiercely maintain its monopoly in order to protect the “value” of its fiat currency. If you had gold or silver – in whatever form – it was literally money. Josiah wasn’t doing anything wrong circulating his pure silver coins. He wasn’t ripping anybody off. His coins were worth what ...

In May, we reported on the rising level of credit card debt in the US after the Wall Street Journal reported that credit card balances are on track to hit $1 trillion this year.
Now we have evidence it might be even bleaker. A study released in June by CardHub reveals US consumers did worse than expected in the first quarter of 2016. And the study confirms that at this pace, by year-end, Americans will have accumulated more than $1 trillion in credit card debt.
According to the study, Americans paid off $26.8 billion in credit card charges through the first quarter. That represents just 38% of the $71 billion in debt added during 2015. It was the smallest Q1 debt reduction since 2008, falling almost 25% below the post-recession average.
There was even more bad news last month. According to a Kitco report, an increasing number of Americans can’t keep up with their payments: