Precious metals news

China’s Government “balance sheet” includes about$3.4 trillion in currency reserves, not including its gold holdings.   The U.S. “balance sheet” has about $38 billion in currency reserves and likely does […]

From Bloomberg News to George Soros to the Houston Chronicle, suddenly gold & the gold standard is hot in the news. Have the elites finally begun to understand real money...or is something else at play?

If The Fed hikes rates in June, China will MASSIVELY DEVALUE the yuan!...

Ron Paul tell's of the Real Problem's coming down the road very soon.

Continuing a trend that started last year, central banks around the world are dumping US debt at a record pace.
Central banks sold off a net $17 billion in US Treasury bonds in March. Sales set a record in January, hitting $57 billion. China, Russia, and Brazil led the way, each dumping at least $1 billion in US debt in March alone.
So far in 2016, global central banks have jettisoned $123 billion in US debt. Last year, they sold off $226 billion. According to the Treasury Department, central banks are selling US Treasuries at a pace not seen since at least 1978.

The unfolding Venezuelan economic disaster is considered a full on collapse, complete with food riots, street protests and so on. By looking at the gold chart we can see the […]

A GLOBAL war against gold is raging...

"The dollar is going to be kicked off its perch. That is a guarantee. It's only a matter of time"....

We continue to read stories of the “loss of confidence in central banks.” We may not know the last detail of what that will look like—when it occurs one day. […]

After rallying about $250 towards the 2015 highs of $1307, gold has simply traded sideways in a very orderly fashion. Gold is likely to grind sideways in a rough $1250 […]

Massive trade union protests hit several French cities, as the public vents its anger over the country's controversial labor reforms.

GERMAN BANK DOWNGRADES DEUTSCHE BANK STATING THAT ITS PROBLEMS ARE INSURMOUNTABLE!

On one side, we have The Specs.  These" investors" seek an exposure to gold through ownership of the paper derivative offered by The Comex. On the other side, we have […]

Something is DEEPLY WRONG with the global economy. A binary choice: to save the system or the currency, is looming...

A break-out above $1300 would trigger a lot of computer-generated buying and likely catapult gold into the $1500’s rather quickly...

The only assets relatively assured to survive this are gold and silver, the best redoubt for currency, bond and other debt destruction. That and our critical thinking minds. The best […]

China is serious about gold and continues to expand its influence on the world gold market.
On Monday, China’s largest bank announced the purchase of one of Europe’s biggest gold vaults. Reuters reported the sale:
ICBC Standard Bank is buying Barclays' London precious metals vault, giving the Chinese bank the capacity to store gold worth more than $80 billion in the secret location. The vault is one of the largest in Europe, with a capacity to hold 2,000 tons of gold, silver, platinum and palladium. It has been operational since 2012. ICBC Standard Bank said on Monday it has signed an agreement to buy the vaulting business and transfer the associated contracts, subject to consent. The deal is expected to complete in July."

This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
Despite some good numbers in April, a look at the fundamentals indicates the rout in retail will likely continue long-term.
Mainstream media wants us to think that our economy is still humming along. With the stock market recovering from a recent drop, unemployment numbers staying steady, and other areas of the globe dealing with much greater issues than the US, most people can be forgiven for nodding their heads in agreement.
But there are clearly serious issues plaguing the economic health of this nation. Take for instance the area of retail.
The retail sector has suffered mightily, as this so-called recovery, the weakest on record, has not delivered as advertised. Consumers are clearly in no mood to spend these days. Instead, they are tightening their belts and paying off credit ...

These are not normal economic times.
Interest rates have remained artificially low, plunging into negative territory in many places. Central banks continue to inflate the money supply with quantitative easing. Some policy-makers have even floated the idea of helicopter money. Worldwide money printing is reportedly approaching $100 trillion.
There is no end to this crazy monetary policy in sight. This led billionaire investor Stanley Druckenmiller to recommend selling US stocks to buy gold. Well-known hedge fund manager Paul Singer said the recent surge in gold is just the beginning. And Bank of America said gold is entering a new and long bull market.

"The power elites are now speaking openly about revaluing gold, which is just a form of currency devaluation..."