Precious metals news

A BIG change in sentiment sent gold and silver to a HUGE week.   Is a SIZZLING SUMMER Just Getting Started?

Paul takes apart a few of its many myths, as well as the other discredited set of ideas known as Keynesianism.

Published on Jun 10, 2016 Get close to 20 hours of audio sessions and video highlights from Strategic Investment Conference 2016 brimming with insights and advice for investors.

Listen to over 30 leading experts… and discover how to thrive in a Decade of Disruption and a market buffeted by recession, a meek Federal Reserve, startling new technologies, and worldwide geopolitical turmoil.

Learn more here: http://www.mauldineconomics.com/post-...

A lot of big-time investors are turning bullish on gold.
Last month, 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.” Even George Soros has jumped on the gold bandwagon, recently selling stocks and buying gold. Other mainstream investors and analysts have also gotten that gold gleam in their eyes.
What is driving this newfound gold bullishness? It really comes down to one simple word.
Fear.
With all of the economic uncertainty, negative interest rates, and general instability in the world, people are once again turning to the historical safe-haven – gold.

Peter Schiff appeared on CNBC this week with a dire warning on America’s economic future - “It’s gonna be awful!”
Do you guys remember the financial crisis of 2008? Did you think that was bad? This is going to be worse.”
Peter said this time around, we're not looking at a financial crisis. We’re staring down the barrel of a currency crisis. Ultimately, the central bankers and government policy makers will sacrifice the dollar on the altar of the stock market. Their main goal is to make sure the stock market doesn't crash again. Peter said they might succeed, but only at the expense of the dollar.
So we’re going into a currency crisis, and this crisis is going to be much bigger than a financial crisis. The impact it’s going to have on the average American, on his standard of living, on his way of life is going to be much more profound. And sure, people won’t lose as much money in their stock portfolio, but if they try to sell their stocks and spend the money, the purchasi...

This is why the price of gold is signalling a systemic collapse:

According to Legendary gold trader Jim Sinclair, The real gold show is only starting...

Billionaire investor George Soros is out making bearish bets on the global economy. Soros is reportedly buying Gold as well & Much More

Have we reached The End?

In this Must Watch interview, legendary resource investor Rick Rule explains the difference between being wrong- and simply being early to the trade...

Is the gold and silver bull roaring back to life? 

The great and large and trusted institutions that deal with gold, I mean really big gold exchanges, the purveyors of gold markets supply and demand data. Well ... how should I […]

Ole Hansen, head of commodity strategy at Saxo Bank, outlines his reasons for why Silver & Gold are rallying.

THE FRONT COMEX JUNE CONTRACT MONTH INCREASES IN TONNAGE AGAIN & SURPASSES FIRST DAY NOTICE: TONIGHT WE HAVE 49.135 TONNES STANDING FOR DELIVERY!

Schiff - The Fed Can't Raise Rates & will do QE-4, It's Gonna Be Awful!

Published on May 16, 2016

Jeff Clark, the newest member of the GoldSilver team, highlights a quiet but powerful trend-changing development most mainstream media outlets have overlooked concerning gold and silver prices.

On June 7, the Washington DC Council voted to raise the city's minimum wage to $15 per hour. DC joins New York and California, along with a number of major US cities that have made the move to boost the minimum wage over the last year.
The DC Council’s vote was a major symbolic victory for supporters of the well-organized “Fight for $15” campaign. According to the Washington Post, the effort resonates with Americans:
Polls find strong support for a $15 wage floor as many Americans have become frustrated by the loss of well-paying manufacturing jobs and the growth of low-paying retail and service jobs.”
Last spring, ReasonTV asked residents of the "trendy, hipster enclave” of Silver Lake in Los Angeles, “What is the ‘right’ minimum wage?” Unsurprisingly, most assumed a higher minimum wage is a no-brainer – a win-win for society and workers.

This article was submitted by Joel Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
When central bankers talk about gold, it’s usually with an attitude of disdain. So, why do they hate gold so much?
The Federal Reserve operates under a dual mandate. It must maintain price stability while also simultaneously promoting maximum employment.
The Fed hates it when the price of gold rises because it correlates with a rising unemployment rate.
Gold also reveals the weakness in the US dollar and the Fed’s failure to stabilize prices.  For this reason a rising gold price is an embarrassment to the Federal Reserve as it undermines its purposes.

The British have gotten gold fever.
According to a Reuters report, uncertainty surrounding the upcoming Brexit vote is driving quite a gold boom:
At Sharps Pixley, a gold showroom in London's smart Mayfair district, demand for bullion bars and coins is rising, with men and women of all ages buying up the safe-haven metal in case of a British exit from the European Union."
Sharps Pixley chief executive Ross Norman told Reuters that stocks of gold coins and bars are selling out before they even hit the shelves. Demand for Britannia coins is particularly strong. Since they are legal tender, Britannias are not subject to capital gains taxes.