Precious metals news

On Monday, gold rallied to test the $1300 level, and silver $18.00. Negative interest rates and withdrawal of high-denomination bank notes will almost certainly increase demand for physical gold. Lest […]

Last Friday, April 29th, 2016, the U.S. Indexes were very bearish as price clearly broke below the 20 day moving average then rebounded back up to test that level and […]

Gold and Silver EXPLODE on jobs report as COMEX OI rises to multi-year highs!

Discussion of the global debt & economic philosophy. David concludes with a warning to investors about the upcoming financial crisis.

In this wide-ranging interview, Jeff Deist & Jim Rickards discuss Gold in the context of current geopolitics & enduring myths about monetary growth.

Prices are the lifeblood of a market economy. They convey important information to make decisions. Prices alert us to the supply & demand

Euro Pacific Capital's Peter Schiff responds to Republican Presidential Candidate Donald Trump's comments on debt & the economy

Well, that didn’t take long.
In February, we reported that a former Obama economic adviser/ex-Treasury Secretary had floated the idea of eliminating the $100 bill and the 500-euro note in the escalating war on cash.
On Wednesday, the European Central bank announced it will stop producing and issuing 500-euro notes around the end of 2018. Once the bank stops issuing the notes, those remaining in circulation will remain legal tender - at least for the time being.
In a press release, the EBC said it made the decision to eliminate the 500-euro note due to “concerns that this banknote could facilitate illicit activities.”

Capitalism appears to be falling out of favor. Socialism is in vogue. Or at least that’s the impression one gets when talking to millennials in America. A recent Harvard University poll shows that more than half of Americans in the 18-29 age bracket oppose capitalism.
Ron Paul appeared on RT America’s Boom or Bust show earlier this week to address this issue and pointed out the problem isn’t a failure of capitalism per se. The problem is that so few people actually understand what capitalism is. In fact, Paul argues that America’s economic system isn’t really free market capitalism:
I think the problem is all in semantics. When they say they oppose today’s capitalism - I oppose today’s so-called capitalism. I don’t even like the world capitalism, I like free markets. But if you say free markets and capitalism together, we don’t have that. We have interventionism. We have a planned economy. We have a welfare state. We have inflationism. We have central economic planning by a ...

This is how the inevitable geopolitical and financial “reset” might unfold:

Could a perfect storm for higher gold prices be in the process of unfolding?

Buy gold and ‘get out of the stock market,’ legendary billionaire investor Stanley Druckenmiller, advised investors this week at an investment conference in New York. “The conference wants a specific […]

IN A NON ACTIVE MONTH, WE STILL HAVE 5.7 TONNES OF GOLD STANDING

This article was written by Dickson Buchanan, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold. The monetary landscape of today looks pretty grim. We are in the middle of the perennial decline in the rate of interest. Central bankers are convinced they can get us all out of this mess. But can they really?
Janet Yellen timidly tried to go against the decade long trend by raising rates at the end of last year. It has not panned out so well. In fact, rates actually declined despite her announcement and subsequent plan to keep raising rates throughout the year.
Zooming out a bit we get a much clearer picture of the long term trend.

Billionaire investor Stanley Druckenmiller didn’t mince words when asked for recommendations at the Sohn Investment Conference.
Sell US stocks. Buy gold:
The conference wants a specific recommendation from me. I guess ‘Get out of the stock market' isn't clear enough."
Druckenmiller went on to sing gold’s praises:

The 1980s were the apex of Japanese culture & economic might. Back then, Japan's economy was growing so fast, it was thought they would overtake the US. But that all came to a screeching halt. Truth is, Japan's meteoric rise was fueled by an epic lending bubble.

The coming ‘sharia gold standard’ or shariah compliant gold could lead to a very significant source of  new demand for physical gold coins and bars in the Islamic world. It […]

In gold, the total comex gold OI ROSE BY AN EARTH SHATTERING 17,273 CONTRACTS UP to 565,774 contracts DESPITE THE FACT THAT THE PRICE OF GOLD WAS DOWN $4.00 with […]

more & more voices - among our guests as well - are warning the public about a looming cataclysm in the financial world.

Legendary gold trader Jim Sinclair is ready to sue the pants off the gold and silver manipulators...