Precious metals news

Austrian school analyst Jim Grant knows what's on the horizon & why Gold is essential.

Corporate borrowing has ballooned by $2.8 trillion since 2009. Profit pinch puts companies in a more precarious position

Will the Fed raise rates? Will it hold steady? What will the next move mean for gold?
Investor and creator of Things that Make You Go Hmmm Grant Williams doesn’t really care. He’s going to buy gold regardless. In fact, during an interview at the Mauldin Strategic Investment Conference, Williams said he doesn’t really pay attention to the price of the yellow metal:
I think what the Fed does could have short-term impact, but I don’t buy gold around it. I don’t buy gold at $1,100 because I think it’s going to $1,200, I buy it for what it does, not what the price is, the price is the last consideration for me.”
Williams went on to say as the economic picture comes into sharper focus, people will realize that “gold is the answer.”
Williams said investors should focus on owning physical gold, not paper promises:

The more things change, the more they stay the same.
After pumping up a real estate bubble in the years leading up to the most recent economic crash, it appears the central bankers and government policymakers may have managed to orchestrate a repeat performance.
Real estate mogul Sam Zell appeared on CNBC recently and hinted that a real estate bubble might be about to pop. The chairman of Equity Group Investments and of apartment mega-landlord Equity Residential said the market for apartment and office buildings in some markets have already peaked.
And they say actions speak louder than words. Well, according to Wolf Street, Zell is selling.

To what degree is Jim Grant bullish on gold? Listen to what he has to say in this video interview.

This hyper bubble is not just real estate. It's stocks, government debt & the dollar, as well. I think all of those we could see crash simultaneously.....

"The degree of which I am bullish gold, I would characterize as ‘very'.  I would characterize gold not so much as a hedge against monetary disorder, but as an investment in […]

ON FIRST DAY, 3508 NOTICES WERE SERVED- 48.189 TONNES: ABSOLUTELY HUGE!!

Technical analyst Jack Chan offers an interpretation of the correction in progress in the gold sector.

These bastards can just sit there at $1,280-1,300 and short an infinite amount of gold with zero accountability, completely unfazed by margin calls or vault inventory levels until the Large […]

Gold and silver are now the assets of choice for those who are awake to what is happening as we move further into Jubilee Year 2016. When the hour comes, […]

Gold is trading in a broadening formation because institutional investors are beginning to sense a loss of control, emanating from both government and central banks.

Williams is very quick to point out that he doesn't buy gold for the price, he owns it for what it does. He goes on to say that once people realize the value of owning physical gold, ETF's will no longer be what investors want to own.

The US faces a massive debt problem. We all know it. But politicians and government officials are either unwilling or incapable of doing anything about it.
David Stockman mentioned the burden of debt in a recent interview with Neil Cavuto on Fox Business:
We have $63 trillion of total debt in this economy. The public sector – county, state, and local – is nearly $25 trillion. And we’re getting old. The Baby Boomers are retiring, 10,000 a day. In another 5 or 10 years we’re going to have a massive increase in the retired population. How do you fund all that? Who’s going to pay the taxes?”
Despite the glaring magnitude of the problem, government officials seem content to keep their heads buried in the sand and ignore it until it’s too late. Even when they acknowledge it, they seem utterly incapable of effectively dealing with the issue.
Illinois offers a prime example. The Prairie State has the lowest credit rating of any state in the US, and it hasn’t had an operation...

Over the last few weeks, the mainstream has been fixated on the prospect an interest rate hike. Janet Yellen insists the economic fundamentals will support a hike. Pundits keep talking about a "strong economy." But David Stockman recently appeared on Fox Business with Neil Cavuto and said the next president will inherit a recession.
Cavuto asked Stockman what makes him think it’s going to pop now:
We have been living beyond our means for 30 years.  It’s only a matter of time. People said that in 2007. ‘Don’t worry. They’ll muddle through. Remember Goldilocks.' And then wham, the bottom fell out, the meltdown happened, the panic was on.”
Stockman then provided some economic data to make his case: a recession is upon us.

Will you ever retire?
More and more Americans will not.
According to the latest data from the US Bureau of Labor Statistics, almost 20% of Americans 65 and older are still working. That’s the largest percentage of older Americans on the job since the early 1960s. With Baby Boomers hitting retirement age, it’s the largest number of Americans over 65 working ever.
Surveys indicate a growing number of people plan to continue working past retirement. The number of Americans who said they intend to continue working “as long as possible” came in at 27%. A full 12% said they don’t plan to retire at all.

Join Mike Maloney as he analyzes a most important video, Brexit: The Movie. This is the first of several videos that will review & expand on the topics covered in BREXIT: THE MOVIE.

That crackling sound you hear is a burning dollar about to go up in smoke...

While the price increases experienced since early 1Q (first quarter) remain subject to the ‘new normal’ of relatively high volatility, it appears there is no turning back any time soon.

As in gold, silver is scarcer at this lower price...