Precious metals news

When celebrity investor Mark Cuban announces to the world that he is investing in gold, is that a sign that the ride up is just getting going, or that it […]

Published on Feb 16, 2016 Thanks for watching/listening. Subscribe, Share, Like
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The first month & a half of 2016 has already been quite chaotic, & the stage is set for global events to greatly accelerate during the months ahead.

The US dollar is losing ground as the leading currency used for international trade with Brazil now saying it's planning to use the Euro instead, in its dealings with Iran.

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.
Mainstream media pundits, economists, and journalists alike love to lump gold in with other commodities. They put it in the same category as oil, copper, wheat, natural gas, and other things that come out of the ground. But while gold is in fact a metal you must dig up, it is a mistake to call it “just another commodity.” Gold’s recent price performance shows that it is anything but. Gold is a superior safe-haven asset to own in times of financial duress and uncertainty.
Since the beginning of 2016, the market has demonstrated that gold is a unique asset we should approach differently than other commodities. Here is a chart comparing the price of gold against major US domestic indices since the beginning of the year.

When WalMart starts selling gold and silver like a corner LCS pawn shop, you'll know the end is nigh.

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.” - Alan Greenspan

Are we witnessing the start of a new Bull Market for gold and silver? Silver-investor.com's David Morgan weighs in from the Vancouver Resource Investment Conference:

Creating more money does not lead to economic growth & well-being. The more money the Fed creates, the more ordinary Americans will end up suffering.

Max continues his conversation with Ellen Brown, author of Web of Debt, about bail-ins being more dangerous than ISIS, the war on cash & which nations' financial system might hold an example for others.

From Greg Hunter: "Now, you want to know why gold goes vertical?  People are going to run from paper because the bonds that were safe havens in 2007 and the […]

The Banksters rocked gold again today:

Famed investor Jim Rogers is warning that financial Armageddon is just around the corner, & it's being fueled by moronic central bankers.

Kyle Bass, a well-known hedge fund manager who profitably shorted the subprime mortgage crisis, strongly believes gold investors should take physical possession of their precious metals. Speaking about his role as a fiduciary board member for the University of Texas Investment Management Company (UTIMCO), Bass explained last year why he advised UTIMCO to take physical possession of its nearly $1 billion worth of gold bars held in COMEX vaults.
Bass’ comments are particularly important given the newfound love for gold in the mainstream media that we’ve been reporting. Many investors assume that buying a gold Exchange-Traded Fund (ETF) on the COMEX is the same as investing in the physical metal, because such funds are “backed” by physical gold. Even Jim Cramer, who has recently come around to gold, actually advises buying paper gold instruments, rather than the real thing. But Bass shattered the illusion of the so-called “gold backing” of these funds:

What everyone wants to know is when will Gold & Silver prices take off? But predicting the timing of any such move is nearly impossible. What I have tried to do is combine the fundamentals of supply & demand with technical analysis of prior market patterns.

It all started for David Morgan as an 11-year-old in 1965 when he received his weekly allowance of a quarter. He looked at it curiously and was startled. There was […]

On February 5th, the price action in gold was significant.   At about 9.40AM New York time, a seller dumped 10,000 contracts on the Comex market, worth about $1.2bn. Of […]

Jim Rickards discusses his new book & outlines the reasons for owning gold in today's Global financial Chaos

It seems inconceivable in any supply demand analysis for there to be a significant and persistent shortfall in supply of an underlying commodity while the price falls consistently. There is […]

Will buying physical gold and silver coins and bars soon be a financial crime against the great USSA?