Precious metals news

If our universe is teeming with life as many have suspected, why haven’t we been able to make contact with any of these creatures?

Year to date India has imported 666 tonnes of gold, up 69 % year on year.  Annualized gold imports are set to reach 998 tonnes – the second highest amount […]

Civil asset forfeiture is one of the most unethical and barbaric practices routinely performed by law enforcement in these United States today. Naturally, the Department of Justice is doing everything […]

Consider yourself warned...

Is the "old way" of mining in South Africa about to disappear?   Sprott's Andy Jackson explains why many South African mines will soon be shutting down...

Just last evening, I posted an article about how the UN disgracefully named Saudi Arabia to head its human rights panel. So how do the Saudis plan on celebrating this […]

It doesn’t take a genius to see what is developing.  There’s something bigger going on beneath the surface of the ensuing economic and financial collapse and the political chaos connected […]

Alasdair Macleod joins Finance and Liberty for a MUST LISTEN interview warning that a GLOBAL stock market crash is DEAD AHEAD! Alasdair warns that the next crash will be WORSE […]

We are coming into a period similar to Sept/Oct 2008, only this time the problems are 10x more severe and the the manipulative force put on the metals is 10x more […]

If you look below at the Baltic Dry index, do you see a "recovery" from 2008 or a dead cat bounce which is now waning? 

This is all it would take...

Yale University senior lecturer Stephen Roach discusses similarities to the 1994 bond market, the problem of lingering debt from the financial crisis and the global impact of a changing structure in China. He speaks on

Putin has taken things up a notch in Syria, by deploying 28 combat planes to aid Assad’s regime, and vowing to take on ISIS.

The credit markets are seizing up...

We are close to a default in Brazil and its main jewel: Petrobras...

In August, Peter Schiff was a guest speaker at The Jackson Hole Summit, a gathering of free-market activists warning of the dangers of overreaching central banks and irresponsible monetary policies. The Summit coincided with the official central bank conference held every year in Wyoming.
Peter’s speech was titled “Monetary Roach Motel: There Is No Exit from the Fed’s Stimulus”, and he reprised his consistent message of how the Federal Reserve created the economic problems it is pretending to solve. Peter also spent some time exposing Janet Yellen’s terrible track record as an economic forecaster.

Alex Jones spoke with Peter Schiff for an entire hour on InfoWars yesterday. They had a wide-ranging discussion, including the tragic plight of Peter’s father Irwin, a political prisoner held in poor conditions. They also talked about the Federal Reserve’s monetary policy, the next round of quantitative easing, the Pope’s economic message and visit to America, and the complicated refugee problems in the Middle East.
I think this thing started to unravel in 2008… This is the unwinding of the massive bubble that began in 1971, when we went of the gold standard… Guys like my dad were criticizing it back in the ‘70s. He saw it coming from a mile away… If you go back and read my dad’s book ‘The Biggest Con’, which came out in 1973, 1974… It’s amazing how far into the future my father saw, and how much of what he wrote in that book has happened since he wrote it…”

CNBC Asia spoke with Peter Schiff last night. The anchors acted surprised when Peter suggested the Federal Reserve is pulling a “long con” on the global markets when it comes to its monetary policy. The Fed wants people to believe that a rate hike is coming, but Peter argues that a fourth round of quantitative easing is what we will actually see. How should investors prepare? Buy non-dollar investments and hard assets, like gold and silver.
I’ve been positioning myself in non-dollar investments… I think gold looks like it has probably put in a bottom. We’ll have to see… I do expect a spectacular reversal when people figure this out. It took a while for the people who were buying subprime mortgages to realize that what they were buying was worthless. But eventually the bottom dropped out of the market, and I expect the same thing to happen again when people figure out the truth behind the US economy and what the Federal Reserve is actually going to do – not what they’re pretendin...

Gold represents stability.
Buying gold makes a lot of sense as historically, gold holds its value. It also maintains a relatively constant level of purchasing power, especially when compared to the US dollar.
In 1976, University of California Professor Roy Jastram completed a long-term analysis of gold’s purchasing power stretching all the way back to 1560 and published his finding in The Golden Constant: The English and American Experience, 1560-1976. He found gold’s purchasing power remained remarkably stable over that period, as reported by the London Telegraph.

I was quite irritated by the spectacle of the Pope giving a speech to Congress today..