Precious metals news

Peter Schiff joined CNBC's Squawk Box for a riveting discussion about rates, inflation, and why "its a dangerous time to be in the dollar- we're going back to zero and […]

Something has seriously changed in the gold market this year and I believe that most investors are unaware of how explosive this shift could impact the price of the yellow […]

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.
Perhaps you are familiar with David Stockman and his mind-bogglingly long in-depth economic analyses topped off with blustery bombastic titles. Clearly, he’s an incredibly smart guy, and he’s produced some great stuff. But something is off in this recent article, and unfortunately, it betrays a fundamental lack of understanding of what’s really going on in the financial system.
It only took the first two paragraphs of his tirade for him to go astray:
Simple Janet should have the decency to resign. The Fed’s craven decision last week to punt on interest rate normalization is not merely a reminder that she is clueless and gutless; we already knew that much. That’s right. In the midst of vastly inflated and combustible financial markets, the all-powerful Fed is being led by a Keynesian sch...

The Russians have launched into a gold buying spree.
Based on recently released International Monetary Fund numbers reported at Mining.com., the Russian central bank ranked as the world’s leading gold buyer in February, adding 356,000 ounces to its reserves:
Last December, Russia announced plans to increase its gold reserves to $500 billion within the next five years. As a Russian publication put it, "Gold is considered to be a buffer against external economic risks and is currently in favor in Russia."

Peter Schiff, Euro Pacific Capital CEO, cautions against investing in U.S. stocks as the greenback is set to weaken against other currencies.

They are looking at collapsing the global economy & they are destroying it with every breath they take.

Just like the Great Depression, it could sink the value of stocks, homes, & even savings accounts. Billions could be wiped out.

Gold is up over 15% this year so far, while the gold stocks (per XAU index) have risen over 50%. But investors are skeptical about this year's gold rally, and […]

After several years of low gold prices, 2016 has brought a rebound, with the metal rising almost 20% since the first of the year, although recent price corrections have slowed […]

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

When we talk about increasing gold demand, the focus tends to fall on Asia. Earlier this week, we reported surging investor demand for the yellow metal in China. The Japanese have also gone on a gold buying spree since that country’s central bank plunged interest rates into negative territory. But it isn’t just Asians who are bullish on gold.  Analysts say they see signs of growing demand for the metal in Europe as well.
According to an article published at CNBC, 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. UBS strategist Joni Teves said European central bank policy could become increasingly influential on the gold market:
Although gold is very much driven by US Federal Reserve policy, the impact of European Central Bank (ECB) policy decisions may become increasingly relevant for gold price action, as concerns about negative interest rates gain traction am...

One thing that could trip up the economy, derivatives or trillions of dollars of global debt bets between big banks in the U.S. Former bank regulator Dr. William Black says

We have been waiting for gold to have a technical breakdown and to retrace back up into a short-term overbought condition.  As of Tuesday, March 29 it looks as though we finally have […]

On Thursday I told you that after China devalued their yuan on 4 consecutive days, the POBC was sending a strong message to the USA not to engage in any […]

It seems the NY Fed has run out of the Bundesbank's gold...

The bullion banks/Central Banks seem to be having a problem pushing gold lower here. Nearly every evening (U.S. time zone) they take a sledge hammer to the price by dumping […]

There’s a very large inverse head & shoulders bottom pattern forming in gold, and I expect the right shoulder low could occur around the April 19 time frame. Here’s why:

When Lyndon Johnson signed the Coinage Act in 1965, the public removed the majority of silver coinage from circulation in a very short period of time. The same thing is […]

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.
Central Banks are under the mistaken belief that negative interest rates could be the magic kiss which turns their toad economics into Prince Charmings.  Why exactly do they think this? What makes Draghi, Kuroda, and others think imposing negative interest rates will stimulate credit and lending in their respective economies?
It is important to understand the logic behind this historic moment in global monetary history. Negative interest rates are unprecedented and show how far we have gone off course in terms of policy related to money and credit markets. They are already having a tremendous effect in several European countries and Japan, and they may eventually be coming to the US. Negative rates hold significant future implications for gold as well.

You may have heard that you can’t purchase more than $10,000 worth of gold without it being reported to the IRS.
This is a myth.
You can avoid IRS reporting requirements, even on large-scale purchases. You just have to know the rules. Our brand new Guide to Tax-Free Gold and Silver Buying provides the information you need to navigate the complex world of IRS reporting. You'll learn: