Precious metals news

On March 31 a special meeting was held in Paris, named “Nanjing II”...

A day of reckoning is coming...

The physical market will eventually cause a massive default by the naked shorts.  But my view for the last 15 years has been that the U.S. will start a world […]

After a mad dash to the upside for gold and a similar dash to the downside for the U.S. dollar, investors are getting their bearings once again. April's disappointing jobs […]

Jakobsen says the economy is still performing significantly below its potential, but thinks the Fed wants to hike interest rates now so it can lower them at a later date.

"The dollar devaluation is right around the corner!...The US Navy in the Persian Gulf is already being forced by the Saudis to use SILVER BULLION to purchase fuel!" Hat Trick […]

ANOTHER WHOPPING 3.29 TONNES OF GOLD ADDED TO THE GLD AND AGAIN THE PRICE DROPPED!

This article was submitted by JD Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
One of the common questions we hear from gold buyers is, “Is it possible that the government might come after my gold and confiscate it?”
In a time when the governments are waging a war on cash, it’s not hard for people to imagine that a war on gold is next.
There is some precedence for this, after all. On April 5, 1933, Franklin D. Roosevelt’s Executive Order 6102 “[forbade] the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” Americans who owned gold were told to deliver their gold to the bank and in exchange receive paper dollars of equivalent value, $20.67 per ounce at the time.

To be very clear though, contrary to common belief, the government did not conduct a widespread seizure of gold, nor did it go door-to-door nor systemati...

Jim Rickards recently appeared on CBC News’ The Exchange and made the case for $10,000 gold.
He said the recent jump in the price of gold represents a world-wide vote of no-confidence in central bankers.
The increase in the dollar price of gold is just a reflection of the decline of the dollar. So, it’s sort of a vote of no-confidence in central bank policies. Investors are looking around saying. ‘We’re losing confidence in central bank money. We’d like another form of money, thank you very much.’ It’s called gold. So, that’s part of the reason gold is going up.”
Rickards went on to explain why he thinks gold will ultimately hit $10,000. He said it's not a guess, and he doesn’t just throw that number out to get attention or to be provocative. He actually has mathematical calculations behind his assertion. Rickards explains his reasoning in this video.

Technical analyst Jack Chan finds gold stocks are on a short-term sell signal and reveals an excellent entry point...

The Fed is in full market intervention mode right now...  

Buy gold as it is an “extremely low-risk asset” is the advice of Professor Kenneth Rogoff to emerging market, creditor nation central banks including the People’s Bank of China (PBOC).

Eric Sprott breaks down this week's huge gold and silver raid as the Fed threatens a rate hike in June, resulting in carnage in stocks and paper gold and silver.  […]

Gold and silver had a down week, correcting some of their overbought condition. It's obvious that after a run up of $250 from the December lows, some price consolidation would be […]

THE CENTRAL BANK OF JAPAN THROWS A TRIAL BALLOON THAT THEY ARE READY TO TAKE HUGE LOSSES ON THEIR BONDS ONCE THEY STOP QE: A HUGE STORY!

When the supply of anything tightens, prices will rise, and that is exactly what is happening with silver this year. In 2016, mine production of silver is falling.

Larry Fink - CEO at BlackRock Financial - discusses the possibility of brexit in the U.K. - the anger of the middle class & what a Trump presidency means for the U.S. economy.

Policies create by Congress helped break Puerto Rico. Now it's  wrangling over over how to fix it, as time seems to be running out on the US territory.
Congress has struggled to find solutions acceptable to both Republicans and Democrats. The House Natural Resources Committee released a compromise bill around midnight Wednesday, hoping to bring the various sides together. Earlier this month, the Puerto Rican Government Development Bank defaulted on a $422 million payment. A $1.9 billion debt payment looms in June. Meanwhile, as Reuters reports, the island is hurtling toward a full-blow humanitarian crisis:
Puerto Rico has already defaulted on some of its roughly $70 billion in debt while trying to cope with a 45% poverty rate among its 3.5 million US citizens. In addition, it is reeling from a Zika virus outbreak that is hurting its critical tourism industry.”
Apparently, it's a lot easier for government to create a debt crisis than it is to fix it.

The Federal Reserve estimates that there will be $616.9 billion in cashless transactions in 2016. That’s up from around $60 billion in 2010.

The EU is on the brink of collapse, as two of its main "pillars" are "crumbling" despite the billions of euros spent on keeping the structure from falling