Precious metals news

The industry has been destroyed...

With the Federal Reserve preparing for another meeting, pundits are talking interest rate hikes. Even AP is speculating that a rate hike is unlikely this go-around, blaming problems the “global economy."
The US job market is healthy. The stock market is up. Home prices are rising. Yet as the Federal Reserve prepares to meet this week, it seems in no mood to resume raising interest rates from ultra-lows. With the global economy struggling and US inflation still below the Fed's target rate, many economists see little likelihood of a rate increase even before the second half of the year.”
But James Rickards appeared on Bloomberg and said it isn't just about the world economy. He pointed out that the US economy is “hanging by a thread,” and an interest rate hike would likely throw the country into a full-blown recession. Rickards reminded Bloomberg's Francine Lacqua that the small hike last December sent the stock market into 10% free-fall, and he said the only reason the market...

On average, the US experiences a recession every five & a half years. It's now been seven plus years since the Financial Crisis, so we're due for another downturn.

Frankly, this is a disgrace and a scandal, and shows that the Chinese auction methodology is far more transparent that its London counterpart. The Chinese will at some stage call […]

With the Chinese recent launch of their new gold-backed Yuan, the days of U.S. Dollar hegemony are numbered. When the world starts dumping U.S. Treasuries and Dollars, investors better make […]

China's new gold backed yuan that cannot be traded in U.S dollars. Is THIS the collapse of the US Dollar?

The Fiat Money Quantity continues to rise at an accelerated pace, and now stands at $14.286 trillion It would appear that this increase in bank lending indicates financial difficulties in […]

The madness in the Crimex pits is a function of the insanity of central bank shenanigans. What is concerning is that the HUI has done yet another of its negative-outside-day […]

Under London’s streets lies a hidden gold mine...

ReasonTV asked Californians what they thought the "right" minimum wage is. Unsurprisingly, most of the people in the "trendy, hipster enclave” of Silver Lake in Los Angeles just assumed a higher minimum wage is simply a no-brainer, win-win for society and workers. They didn’t hesitate to insist a $15-20 minimum wage was a necessity for the common decency of low-wage workers, even when presented with the prospect of major job losses if the minimum wage were raised. The video reminds us of when Peter Schiff asked Walmart shoppers if they would be willing to pay 15% more for their groceries if Walmart employees got a 15% raise.

When the whole system defaults, what's going to be left standing Gold & Silver, real money.

Donald Trump and Hillary Clinton may have very little in common, but Barry Allan, vice chair of mining for Mackie Research Capital, says if either moves into the White House, […]

In this MUST LISTEN interview with Finance and Liberty, former Presidential Candidate and US Representative Ron Paul warns that The Fed is PANICKING, and economic COLLAPSE is ahead:

As the push for a $15 per hour minimum wage continues in earnest across America, policymakers had better consider the warning signs flashing from beleaguered Puerto Rico. Minimum wage policy was a major factor leading to the current crisis there.
The Government Development Bank in the US territory is operating under a state of emergency imposed to halt the erosion of its dwindling cash. Governor Alejandro Garcia Padilla declared the emergency earlier this month. The executive order suspends the bank’s lending power and freezes most withdrawals, except for those to fund public safety, health, and education services.

The GDB serves as the US territory’s primary financial agent. According to Bloomberg, the bank has $562 million in liquidity. It is currently negotiating with creditors, trying to avoid default on $422 million payment due May 1. According to a report at Fortune.com, Garcia Padilla says the bank can’t afford to repay the loan.

Join Greg Hunter of USAWatchdog.com as he analyzes these stories & more in the Weekly News Wrap-Up.

While the citizens of China are being taught by their government to protect their wealth from a currency crisis with gold and silver, We’re Being Herded Into Digital Pens to be […]

Where we are & where we're going..... Implies 6 fold gains for gold ahead & 9 times gains for silver.....

For every dollar that you have in the bank there is actually 0.00061 dollars available...in other words, there's 6 cents for every $100 dollars of deposits that you have at the bank. Got Gold? Got silver?

Despite storing a VERY LARGE amount of gold on behalf of gold-backed ETFs, and being made infamous by CNBC's Bob Pisani, no one seems to have ever tried to figure out […]

Earlier this week, China launched twice daily gold fixing to establish a regional benchmark that will bolster the country’s influence in the global gold market.
What is the significance of the move?
Greg Collett, director of investment products for the World Gold Council talked with Kitco News about the new Chinese benchmark. He said it reflects the country’s growing appetite for gold and its increasing influence in the world market:
China is the largest consumer of gold in the world and this is just reflective of their growing place, and their growing demand for gold in China.”
Collett also discussed the current bull market for gold, pointing out that negative interest rates in Europe and Japan are a big driver, and that won’t likely change any time soon.