Precious metals news

The picture couldn’t be clearer. The green line is the price of the dollar, measured in gold. It is falling (the inverse of what people think of as gold going […]

$500 or $50,000 - What is the future price of gold?

Is now the time to SELL gold?  Chris Vermeulen makes the case...

During strong gold bull markets, the price of gold often hits a one-to-one ratio with the Dow Jones industrial average, says the chairman of Franco-Nevada Mining and former president of […]

Gold has staged a majestic upside breakout.  My $1320 target is coming closer. It’s important to understand the difference between the gold market now, and during the 2009 – 2011 […]

Stratford Deputy Editor Lynn Wise & Economy Analyst Mark Fleming Williams talk about the eventual cashless economy

I am expecting a correction to begin sometime soon.  But when that correction has run its course, make sure you are ready to add or initiate positions in high quality […]

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.
Money is not a collector item, and buyers should beware of Scammers trying push buyback guarantee contracts on customers for products they should never be considering in the first place.
Despite our efforts to reveal the most common gold scams, there always seems to be a new trick up the gold scammer’ sleeves. At this time, we are hearing about a lot of companies offering special buyback guarantees or special contracts that “ensure” clients a buyback price on the products they are selling.
At first glance, this is all sounds good. Who doesn’t want the added security of a contractual agreement to buy back a certain product at a later date? However, upon closer inspection, such an agreement is a proverbial wolf in sheep's clothing.

Peter Schiff did an interview with Rick Wiles of TRUNEWS on Monday and said $5,000 gold is coming.
Peter reiterated his belief that the economy is already in a recession, and Fed will drop rates back to zero. After that, he said the central bank will initiate another round of quantitative easing. He made his case by explaining how the jobs numbers aren’t nearly as good as the government spin-doctors are saying, pointing out evidence of looming stagflation ahead, and making a compelling case that another real estate crash is likely in the near-future.
With a meltdown on the horizon, Peter said he still believes $5,000 gold is coming.
[Gold is] getting close now to $1,300 per ounce, and I think that’s going to be a key level. Once we get above there I think it could be a pretty quick shot up to $1,500 to $2,000. The high from 2012 was about $1,900. I think we’re going to take that out by next year. I still think $5,000 gold is coming."

Nick Santiago has been an astute market observer & trader for many years. Now he's guardedly optimistic about precious metals. He'd like to see gold trade sideways for a while, which he believes will set up the next advance.

Our short term expectations remain for a reaction lower from last week’s highs as a retesting process for silver in what appears to be the end of the manipulated correction...

The comex is back in backwardation until May.

"They've done exactly what the Bank of England did back in 2001, They've sold gold at the bottom of the market."

investors aren't the only ones feeling gold: central banks just can't get enough of the shiny metal either.

Are criminals running the U.S. government? Catherine Austin Fitts, who is a former Assistant HUD Secretary, says, “Yes. . . . The American government . . . is running the central banking warfare model globally, and it depends heavily on criminal profits.

Economic hitmen – created the world's first truly global empire. It's really a corporate empire, not an American empire although the U.S. government certainly supports it.

Peter uncovers the truth in what's going on in the government's phony numbers

The world’s largest asset manager has temporarily suspended the creation of new shares of its gold ETF due to the demand for physical gold.
BlackRock announced it would temporarily stop issuing new shares of Gold Trust (IAU) on Friday:
Since the start of 2016, in response to global macroeconomic conditions, demand for gold and for IAU has surged among global investors. IAU has $8 billion in assets under management, and has expanded $1.4 billion year to date. February marked its largest creation activity in the last decade. This surge in demand has led to the temporary exhaustion of IAU shares currently registered under the ’33 Act.”
As ZeroHedge pointed out, this is an ominous sign.
It appears the huge demand for physical gold (and lack of supply) is finally catching up with the manipulation of paper prices. If this is anything other than a brief technical suspension, it could well unleash panic-buying as we already pointed out - there is no physical gold.”

The ride on the china gravy train will soon come to an end. When the collapse in the dollar occurs, there will be a widespread return to using gold and […]

The multi-year bear market for gold and silver mining stocks appears to be coming to an abrupt end as gold breaks important resistance. The GDX mining stocks ETF has moved […]