Precious metals news

Murphy gives an account of whats happening in the Gold & Silver Market's

Peter Schiff appeared with Alex Jones on InfoWars Friday and made the case that the real economic earthquake is in our future, not in the past.
Peter said that despite all of the positive spin coming out of the mainstream media, the Federal Reserve, and the Obama administration, the US economy is weak and spiraling toward trouble.
If you look at most of the economic indicators out there, they’re flashing recession."
Peter went on to analyze some of the recent economic data that supports his case, and emphasized that the great 2008 recession was just a tremor:
I saw 2008 coming, and unfortunately, I also saw how the government responded to 2008, and they did exactly what I feared they would do and what I warned they would do. That is exactly why the real earthquake is still in our future and not in our past, and people have to prepare for that."

"The DOW hits it's highest levels since July, "most Americans think the economy is getting worse” & "five banks are still Too Big Too Fail regulators say". Citing “no credible plans” for future economic downturns".

Sales of the U.S. Mint Gold Eagles surged last week as investors were spooked by the emergency Fed meetings.  The Chinese Yuan-denominated gold benchmark starts tomorrow.  If this wasn’t going […]

The epic battle between the bears and bulls rages on with this completely annoying seesaw action all dominated by the short-term interventions in the Japanese yen versus the U.S. dollar/Chinese […]

Successful investing requires having an edge. If you do not know what your edge is, you don't have one. One doesn’t need to be a rocket scientist, or even a […]

A new financial crisis is coming, and it will be worse than 2008...

On a shorter timeline than you might imagine, the survival rate of all fiat currencies drops to zero...

A blockbuster event will be dropped from Mr. Putin and China. How much gold does the U.S. really have left …and how many times has it we been re-hypothecated? In […]

Lately, I am getting, you know, really scared. Oh, not the ordinary kind of day-in, day-out kind of scared, constantly dreading both the appearance of childish-yet-pointless alliteration and the coming calamitous collapse of a catastrophic cataclysm

Can the Fed print without fear of insolvency?

Here’s some free advice for the Federal Reserve.
It’s OK. You can tell them. They already know.
The economy is not good.
As Peter Schiff pointed out on CNBC yesterday, the Fed doesn’t really want to raise interest rates. We just witnessed what even a small nudge upward did to the stock markets after years of low rates and monetary policy artificially pumped them up. But on the other hand, the Fed doesn’t want to admit the US economy really isn’t in great shape:
The Fed is trying to walk a fine line, because they don't want to admit how weak the economy is when President Obama is trying to elect Hillary Clinton based on the strength of the economy.”

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Could there be a dramatic & overnight reduction in the value of the dollar? Kirby contends, "I think this is coming in very short order now."

It’s not a question of “if” the Comex eventually defaults but a question of “when.” The move by the CME to ring-fence cash collateral at the Fed expressly suggests that […]

Well, that escalated quickly...

More than half the world's sovereign debt now carries negative interest rates, and data keeps coming in confirming that it is driving demand for gold.
A couple of weeks ago, CNBC reported central bank action appears to be rejuvenating gold in Europe, as the entrenchment of negative interest rates makes depositing cash in banks less and less rewarding. Now we have hard data reported by Bloomberg confirming a similar spike in Japanese gold demand since that country’s central bank plunged interest rates into negative territory earlier this year:
Gold sales surged in Japan through March after the country’s move to set negative interest rates sent investors scurrying for a shelter, a further sign that global central bank policy of keeping borrowing costs low or below zero is stoking demand for bullion. Bar sales climbed by 35% to 8,192 kilograms in the three months ended March 31 from a year earlier, Tanaka Kikinzoku Kogyo K.K., the country’s biggest bullion retailer, said in a s...

Something BIG happened in the gold market...

Did you realize that the banking system likely holds less than half a cent for each dollar they have?

The article “From Good Delivery bars to Kilobars – The Swiss Refineries, the GFMS data, and the LBMA” examined the mountain of evidence concerning the known Swiss conversion of Good Delivery […]