Precious metals news

Interested in why PM prices were just smashed again? 

Tomorrow the curse of the bankers will be off until next month’s expiry options...

This is a very important story that shows how China and Russia are becoming increasingly close and strong allies who are flexing their muscles and asserting themselves as rival superpowers […]

Not only has the present retail silver bullion product shortage continued for several months now, what happens if it never ends? This may seem like a play on hype, but […]

The physical silver shortage just turned surreal...

Every week, various government agencies trot out economic facts and figures, and every week, the media breathlessly reports the “good news.” Here is some of the news beyond the news reported by the mainstream media over the last week.
As USA Today reported, consumer spending and personal income rose last month. But while Commerce Department numbers show healthy gains in consumer spending (0.4% in August), a Gallup poll asking actual people about their spending indicates a continual decline. According to the poll, daily spending averaged just $89 in August, down from the same time period in both 2014 and 2013. It was the fourth month in a row the poll indicated a year-on-year decline. Spending was at its lowest since March, based on the poll.

Following up on his recent arguments with Scott Nations on CNBC (watch them here and here), Peter Schiff compiled a new collection of his 2006 warnings of a housing crash. The parallels between then and now are striking. Just as financial news anchors laughed at Peter in 2006 when he predicted what would become the Great Recession, they are now chiding him for suggesting the Federal Reserve is pushing the United States into a new recession.
We argued about interest rates and whether or not the Fed was about to raise them. Scott’s position was that it was a virtual lock that the Federal Reserve was going to raise interest rates before the end of the year. They’d probably go in September, but certainly by December. My position was that the Fed was not going to raise interest rates at all in 2015, and in fact they may actually do quantitative easing 4 in 2016…”

Physical silver and gold isn’t just for preserving your savings. It’s also the world’s oldest form of money.
You can bypass the Federal Reserve’s worthless paper dollars by spending precious metals with friends, neighbors, and businesses which accept sound money. We’ve created a brand new Barter Metals page with all of the information you need to get started conducting business using physical gold and silver – and links to our most popular barterable products.
Barter may seem outdated, but as Peter Schiff points out, it has a long history in the US:

There is a battle brewing…

When will the economy collapse to the point that even the Federal Reserve will be helpless in finding temporary band aids designed to keep this sinking ship afloat?

Did the PBOC covertly buy 1,747 tonnes of gold in London?

They can expand leverage [gold hypothecation, leasing, futures, forwards, derivatives] freely given the craven silence of the regulators and professional courtesy amongst the looting class. But they cannot create more […]

Perhaps, Janet Yellen’s bizarre moment of illness was the iconic sign of the times for a sick market.

This is going to end very badly.  As Carl Icahn said earlier today, “it’s not a question of if, it’s a question of when.”

Nothing to see here...

Like CERN– the Geneva-based European Organization for Nuclear Research that’s home to the Hadron Collider, global monetary policy has been something of an international collaboration. For now. The problem is […]

Glencore is entering the irreversible death spiral...

USAWatchdog interviewed Nomi Prins, who formerly worked as a managing director at both Goldman-Sachs and Lehman Brothers. She is the author of All the President’s Bankers and a vocal critic of central bank monetary policies. Prins agrees with Peter Schiff that more quantitative easing will come from the Federal Reserve, however, she doesn’t think they will call it that. She believes the easy money may come in the form of currency swaps between central banks.
More importantly, Prins believes that eventually the financial problems in America will become so great that normal US depositors will be forced to “bail-in” the banks one way or another, if they want to keep money in standard accounts. That’s why she recommends holding cash and buying physical gold.

India will soon have its own national gold coins.
Metals and Minerals Trading Corporation (MMTC) will manufacture and market the gold coins, set for release in October.
According to the Times of India, MMTC managing director Ved Prakash said the company plans to produce two gold coins, one weighing 5 grams and the other 10. The coins will feature engravings of Ashok Chakra and the face of Mahatma Gandhi.
While many countries have their national coins, India did not have one. These gold coins will be regarded as the national coin of India."

It seems increasingly likely that the next Global Financial Meltdown will arise in the FX/currency markets.