Precious metals news

Things that make you go Hmm...

Sayonara Middle Class...

The Western gold community is now entering the year 2016, as gold approaches another mighty support zone, this time at $1033. It’s unknown whether gold enters that support zone, or […]

HUGE hedge fund redemptions hit the US...

In the interview below, Lars Schall of Matterhorn Asset Management talks with Koos Jansen about PBOC gold purchases, the London Bullion Market, The Shanghai Gold Exchange, the Silk Road Economic Project, and […]

Russia and Kazakhstan continued their gold buying spree in November, and Turkey added to its reserves as well. Meanwhile, India is on pace for a healthy increase in gold imports this year.

A paper recently published by the National Bureau of Economic Research found that a large percentage of the increase in college tuition can be explained by increases in the amount of available financial aid.
Peter Schiff was saying this as far back as 2012. That summer, Peter appeared on CNBC and debated an economist with the Progressive Policy Institute. Peter insisted that colleges are “basing their prices on the fact that students can borrow money with government guarantees.”
Economists Grey Gordon and Aaron Hedlund wrote their paper for the NBER after creating a sophisticated model of the college market. When they crunched the numbers, it confirmed exactly what Peter said in 2012. The demand shock of ever-increasing financial aid accounted for almost all of the tuition increase:

Today Elon Musk and his team at SpaceX landed the first stage of a Falcon 9 rocket back on land for the first time in history. It is truly an amazing day, especially when one considers the obstacles placed in front of entrepreneurs like Musk.

Below is a conversation that is unlike any that I have ever heard before...

Russia Boosts Gold Reserves; sells U.S. Treasury Holdings...

With the high yield, and now investment grade, bond sectors imploding, the next part of the capital structure that will be attacked is the equity “layer”:

This week we take a step back, and look at the compelling, record-breaking year that 2015 has been for precious metals.

Here we go...

When a government awards itself the authority to attack one particular group, they give themselves that same power to attack everyone. In the Land of the Free, they call it […]

When I did the math in my head last week, I had to pull out my phone’s calculator just to make sure I hadn’t mentally misplaced the decimal point. It […]

Gold prices have been crushed during the past 4.5 years.  Expect a reaction higher.  When?  If you are a stacker it matters little whether the low was this month or […]

Was John F. Kennedy killed for challenging the Federal Reserve with Silver Certificates issued by the US Treasury?

In silver, the open interest fell by 2632 contracts even though silver was up in price by 40 cents with respect to Friday’s trading and without a doubt we had […]

This is the stuff of banana republics...

The US middle class continues to shrink, squeezed by government policy and an ever-increasing burden of debt.
According to a recent Pew Research report, the majority of American adults no longer are part of the middle class.
The middle class accounted to 61% of the population in 1971. The most recent figures put the middle class at just below 50%, according to a report in the Los Angeles Times:
Pew defined middle class as households earning two-thirds to twice the overall median income, after adjusting for household size. A family of three, for example, would be considered middle income if its total annual income ranged from about $42,000 to $126,000. Pew analyzed data from the Census Bureau and the Labor Department, as well as the Federal Reserve."