Precious metals news

The Federal Reserve Bank of Atlanta’s GDPNow estimate released today forecast a dismal 4th quarter GDP number. The forecast was nearly cut in half from 1.3% on December 23rd to 0.7% today. It remains much worse than the mainstream consensus estimates:
Here’s what the Atlanta Fed had to say, citing the same manufacturing numbers Peter Schiff shared this morning:

Jim Grant agrees with Peter Schiff that the Federal Reserve cannot continue to raise interest rates in 2016. On CNBC today, Grant explained his reasoning for why the Fed will regret raising rates in December and reverse its course of action:
It seems to me that the Fed is more likely to go to zero than to go to one-half of one percent from here. [I think that as the Fed] read the data, it felt it had to move. It had been saying for so long it would, [therefore] it had to, [and] it did. That doesn’t mean it was right to do so in the Fed’s own scheme of things. I think the Fed will regret the move it did in December. I think it will backtrack."

A recent New York Times feature went to great lengths to promote the idea of a cashless society, focusing on the war on cash in Sweden.
The Nordic country sits on the cutting edge of the movement away from cash. As the Times put it, cash is so “last century”:
Few places are tilting toward a cashless future as quickly as Sweden, which has become hooked on the convenience of paying by app and plastic. This tech-forward country, home to the music streaming service Spotify and the maker of the Candy Crush mobile games, has been lured by the innovations that make digital payments easier. It is also a practical matter, as many of the country’s banks no longer accept or dispense cash.”

A truly cashless system would open the door for great evil.

The question now is how far the Bundy’s are willing to take this?  We can be 100% certain that the multiple federal agencies involved are more than willing to kill to ensure compliance […]

It's time to get real, people. Wishful thinking is not a solution. We need a new system for creating paid work and money.

This will not end well.  Here’s the coup de gras:

We know how the story unfolds in “Atlas Shrugged.” Unfortunately, I see the same type of story unfolding in the United States.

These people are at war… And the targets are you, your family and your neighbors.

Silver Eagles smashed all-time sales records for the 3rd year in a row in 2015.  Silver to gold sales ratio also hit a record high.  The COMPLETE 2015 US Mint […]

Now we sit and await the END of this manipulation. We all knew it would be chaotic and produce very extreme pricing swings (as we are seeing now with sub […]

In this MUST LISTEN extended holiday interview, Hat Trick Letter Editor Jim Willie sits down to discuss Global War, Derivatives Collapse and the Dollar as we head into 2016. Will […]

Ukip leader Nigel Farage has survived a 2nd assassination attempt on his life...

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V, The Guerrilla Economist helps us ring in 2016 as we discuss the timeline for collapse. If we give credence to the Rothschild owned Economist magazine, then 2018 marks the […]

China’s addition of 21 tonnes of gold to its reserves in November 2015 is the largest monthly total since they began monthly reporting in June 2015.

The deeper we dig into the story of Dubai's vaporized gold, the more skeletons just tumble out of the closet on what may be the world's biggest gold smuggling ring […]

In case you missed it...

Gold certainly had a rough year in 2015, grinding inexorably lower on Fed-rate-hike fears and investor abandonment.  But gold is poised to rebound dramatically in this new year, mean reverting […]

Being prepared for an emergency is something we all need to consider. The disruption of services (utilities, transportation, commerce, etc.) we depend on can create societal conditions in which we […]