Precious metals news

It started in 1913 with the Fed creation...

Former head of the NSA, Keith Alexander, has been a busy guy since he left government.

The loss of vital documents can make it difficult to function in today’s society. Replacing documents is one of the first steps you’ll need to take. After a disaster, you’ll […]

If you’d suggested just a few years ago that we’d soon be living in a global economic landscape in which an increasing number of central banks would have their interest rates […]

Warns of Major Market Decline.

What we witnessed in August and September was just the warm up act, and all of the numbers are absolutely screaming at us that we are right on track for […]

No one should be surprised that the useless cadre of Republicans in the House of Representatives are about to make Paul Ryan Speaker. The transition from John Boehner should be flawless...

The Attorney General of NY will bring a criminal case against Goldman for Fed leaks. Wall Street is totally in shock...

As investors we are all suckers for narrative. The current narrative appears to be: China is slowing down, so the sky is falling in. Everybody in the West used to […]

The man PM investors love to hate is back...(Will all hell still break loose in PM markets in 2015!?!)

China has initiated a global alternative to the SWIFT system – the China International Payments System (CIPS).  This will weaken US global financial control and weaken the US dollar influence […]

Gloom, Boom, and Doom's Marc Faber warned Boomberg this afternoon that an EPIC credit bubble is building in China...

It has gotten to the point to where it is really embarrassing to be an American. 

Most EU countries, UK, the U.S., Canada, Australia and New Zealand all have plans for bail-ins in the event of banks and other large financial institutions getting into difficulty. It […]

This is a STUNNING statistic...

Last week, Donald Trump told Fox Business that he no longer buys gold. Dr. Ron Paul later rebutted Mr. Trump’s position, explaining the logic for long-term investment in the yellow metal. Much like Peter Schiff, Dr. Paul has been a consistent advocate for sound money and an opponent of the Federal Reserve. Watch and read some of Dr. Paul's recent commentary here, here, and here.
I don’t think about these daily changes [in the price of gold]. I think about what happened in 1933. When you turned in an ounce of gold, you got 20 federal reserve notes that are worth 2 federal reserve notes now. If you kept your gold and turned it in today, you would get 1,170 federal reserve notes. That’s what counts."

It appears likely the yuan will join the International Monetary Fund benchmark currency basket this year, according to sources close to the process.
Reuters reports IMF staff plan to give the all-clear for yuan inclusion, laying the groundwork for a favorable decision by policymakers. Three people briefed on IMF discussions said a draft report from the staff reached a favorable conclusion on including the Chinese currency. One officer said the path forward appears clear:
Everything is on course technically and there is no obvious political obstacle. The report leans clearly towards including the RMB in the (basket) but leaves the decision for the board."

The US probe investigating Deutsche Bank has reportedly now widened to include alleged money laundering "mirror trades" in Deutsche's Moscow unit.  Translation: Things just ESCALATED MASSIVELY for Germany's largest bank...

"What do we do as a business so that we would be prepared when the next crash happens. One thing that we do that is fairly unique: we have about […]

Our favorite Fed hater Jim Grant was back on Bloomberg today and was asked about his thoughts on gold: "The error would be in classifying gold as a commodity rather […]