Precious metals news

Get ready to dispose of your preconceived notions regarding the Federal Reserve and its take on gold! Is it possible that the Fed wants a higher gold price after all? […]

Here it is, THE TRUTH BOMB!...

JP Morgan Chase Bank just fired another salvo in the “war on cash.”
The bank recently capped ATM withdrawals for non-Chase customers at $1,000 per day. The move came after the bank began installing new ATMs that dispense $100 bills. Some people were reportedly pulling tens of thousands of dollars out at one time, according to a report in the Wall Street Journal. A spokeswoman said the bank “felt it was prudent to set withdrawal limits on all of our ATMs.”
Chase claimed the move was primarily to fight fraud. This is always the justification used when banks and government agencies slap limits on access to cash. But according to the WSJ report, there haven’t been signs of criminal activity in the recent big-dollar cash withdrawals from Chase ATMs:
The bank said there doesn’t appear to be fraud involved. But partly due to heightened regulatory scrutiny, banks are paying more attention to large cash transfers that could be a sign of money laundering or other types of shady ac...

It is commonly assumed that the gold price and interest rates move in opposite directions. Like all assumptions about prices, sometimes it is true and sometimes not. The market today […]

Greg Hunter of USAWatchdog.com talks about the week's most important stories

Has the price of gold been correlating with the US Money supply? 

In the last seven years, China has acquired more than 4,000 tons of gold - more than 10% of the official gold in the world. Why?
Jim Rickards delves into this question in an interview on Albert K Lu's latest Gold Videocast:
Are they stupid? No…if the Americans don’t like gold, the Chinese know something the Americans don’t."
Central bankers and the financial elite have good reasons why they don't want you to buy gold. They perpetuate many myths about the yellow metal to dissuade the public from owning gold. In this interview, Rickards and Lu knock down some of those myths and begin building a new case for gold.

This article was submitted by Joel Bauman, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
We hear a lot about the role of central banks in the world's economies. But what exactly have they been doing over the last few years, and what has the actual impact been?
Central banks have the authority over the interest rates and the quantity of a nation’s currency. Their official responsibility is to regulate price stability. By law some central banks, such as the Federal Reserve, operate under a dual mandate and must also promote full employment. Central banks hold the reserve assets that support the integrity of their issued currency.
The Federal Reserve holds the enviable position of being the issuer of the world’s primary reserve asset, the Federal Reserve Note, also known as the United States dollar. The Fed, in many ways, has led the charge in terms of the size and scale of unor...

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Think the United States is a free market economy? Think again. Truth is, ever since the Federal Reserve started calling the shots, our economy has been manipulated and centrally planned much like those of the former Soviet Union or China.

The Verdict Is In.  The Sentence Has Been Issued. The Great Quickening Has Begun...

Peter Schiff, Euro Pacific Capital, joins CNBC's Rick Santelli to discuss Fed rate hike expectations and Gold.

We had heard that silver deliveries are being delayed in London and also they are having an extreme problem in locating metal. Something is up in silver!

Are we staring at a once-in-a-generation opportunity here?

The market for silver jewelry grew in 2015, mirroring an overall surge in demand for the white metal, according to a survey report released yesterday by the Silver Institute:
Silver jewelry sales in the United States were solid in 2015 with 60% of jewelry retailers reporting increased sales, according to a survey conducted on behalf of the Silver Institute’s Silver Promotion Service (SPS).  This marked the seventh consecutive year of growth for silver jewelry sales and confirmed that silver jewelry is an increasingly important category for many retailers.”

"The Fed are going to keep trying until they get inflation & when that happens, you are going to wish you had your gold.”

There is a widespread and growing feeling that financial markets are slipping towards another crisis. Now is the calm before the storm, a storm which in the absence of a […]

Donald Trump managed to shove his way into the spotlight again last week, claiming the US is heading for “a massive recession.” Unsurprisingly, the mainstream media scoffed at Trump’s assertion, pointing to the “great jobs report” that came out Friday.
The report did show the US economy added some 215,000 jobs, slightly more than expected. But once again, the headlines only tell a little piece of the story. And once again, most mainstream media and financial analysts are ignoring the bigger picture. In fact, all of the positive spin about a great employment outlook is nothing more than an April snow job. As Peter Schiff succinctly put it in his recent podcast, this was not a good jobs report:
We added the jobs we don’t want; we lost the jobs we do want. That is the real story. It’s the story nobody wants to tell. Everybody wants to talk about the number as if this is some kind of economic miracle.”

Interest rates are an important economic indicator. After all, they represent the price of capital. So when the economy is more volatile, investors demand higher interest because they are taking on more risk.

A powerful set of arguments for owning the yellow metal James Rickards is quite confident that the price is going higher — much higher in fact...