Precious metals news

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 saw the recent article about home safes selling out in Japan. This is an unintended consequence of the Japanese central bank’s negative interest rate policy. People are starting to pull their paper cash out of the banks. They are withdrawing all they can and buying personal safes to horde currency at home. The reasoning is, of course, why leave your cash in the risky banking system when you get zero return from it sitting there? In truth, Japanese banks are slowly sucking their depositors’ wealth away – charging them for the right to lend them money.
Interest rates have been falling for 30 years here in the US and this trend shows no signs of abating. To wit, Janet Yellen and the Fed recently raised the federal funds rate in December. Since then interest rates have still fallen ...

Donald Trump’s emergence as the Republican front-runner and possible future U.S. President is causing some gold and investment analysts to suggest diversifying into gold according to the Wall Street Journal.

John Williams tells us if he is still holding to his hyper inflation thesis & gives input on where he sees the price of gold & the markets heading.

What comes to mind when Rob Kirby hears the words, “Rethinking the Dollar?”

Late in the day, the USA fired the first shot in the currency wars by putting a massive 266% tariff on cold rolled steel.  Now the next move will be […]

In his most recent Gold Videocast for SchiffGold, Albert K Lu interviewed John Rubino, founder of DollarCollapse.com. Rubino had a pretty compelling explanation for why there wasn't a massive, sustained economic collapse a decade ago, and why he thinks it's still lurking on the horizon.
The reason that we're still here, when we really should have fallen apart based on how much debt there was out there, and various other measures of instability, is that a printing press has turned out to be a great tool for fooling people."
Rubino pointed out that this is the first time in human history that all of the world's governments are armed with a basically unlimited fiat currency printing press. The ability to create money out of thin air has allowed governments to take on more debt than anybody imagined feasible. Rubino noted that economists 20 years ago couldn't have imagined $7 trillion of bonds trading at negative interest rates, and global debt at 300% of global GDP, but that's ...

The year has just begun and there has not been a dull moment.  The frightening volatility of early January resulted in relentless selling and panicked calls for lower lows from […]

The good news for gold continues to flow, like water pouring over Niagara Falls.

We had another huge change in gold  inventory at the GLD, a mammoth sized deposit of 14.87 tonnes and gold goes down???

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.
In the last few decades, we have seen an international trend towards a “cashless world.” Physical currency is becoming relatively scarce and the world’s money supply is made up of almost entirely electronic funds. Governments and banks are waging a war on cash and you don't want to become a victim.
According to the Federal Reserve, in July of 2013, the total amount of physical currency in the world equaled $1.2 trillion, most of it held outside the United States. This accounted for a mere 7.7% of the total $15.5 trillion money supply. (Cash, checking/savings accounts, money market accounts, stocks and bonds) The percentage of physical cash in relation to electronic funds has been steadily decreasing over the last 50 years.
Interestingly, even with the diminishing purchasing power of the U...

Market forces are treating gold, and other precious metals, differently from other commodities. And this divergence may impact the mining industry in a meaningful way, forcing a sea change on […]

Double or Nothing? One thing is certain: Bo Polny's bold gold and silver predictions are not getting conservative...

This is the Central Bankers biggest fear...

Will a ban on cash be the trigger that begins a loss of confidence event in the global reserve currency known as the US Dollar?

 Silver saw no more notices for February and surprisingly only 5 notices for 20,000 oz for the active March delivery month.  They must have problems sourcing silver!

When all this happens you should have physical Gold & Silver - especially silver. Weir explains, "Silver has been used as money for 5,000 years"

In @ 16:22 Jim Rickards author of "The New Case for Gold" to talk about negative rates & they impact on Gold.

Eric's excellent current analysis of the Silver Market

This video was posted Monday, February 29, 2016.

Just a few months ago, mainstream analysts were calling gold a “barbaric relic.” Now all of a sudden, they are saying, “Buy gold!”
Last Friday, Deutsche Bank issued a note asserting that with emerging economic risks and market turmoil, signs point in gold’s favor:
There are rising stresses in the global financial system…Buying some gold as ‘insurance' is warranted."
Deutsche Bank isn’t alone in singing gold’s praises. A Bloomberg report crowned gold “the biggest winner of 2016,” noting it's posted 15% gains so far in 2016:
Turmoil across global equity and currency markets has sparked demand for a haven. Speculators raised their net-long position in gold to the highest in a year.”