Precious metals news

David Stockman, former Budget Director under President Reagan, appeared on Fox Business to warn that the United States faces a financial “time bomb” of $19 trillion of ballooning debt. This debt load will eventually become unsustainable when interest rates rise, which is an inevitability. Stockman points to the same historical data as Alan Greenspan – interest rates are traditionally 2-4% above the rate of inflation, and no amount of manipulation by the Federal Reserve can suppress them forever.
The 2% [inflation] is totally a made up target that conveniently allows them to shovel free money into Wall Street. It never does get to Main Street. The whole idea of zero interest rates is to get consumers and households all jiggy, and get them borrowing and spending. But that doesn’t work anymore, because we’re at peak debt. Households have $13 trillion of debt. "
Stockman’s warnings about debt are one of the key reasons investors should consider buying gold now.

While the current shortage in the retail silver market continues to stress investors as they have to wait 6 to 8 weeks for certain products, it seems to be carrying […]

"It’s virtually impossible to get physical gold in London...There is no physical, only endless promises." 

On June 3, 2010 Joe’s life changed forever when he stepped on an IED in Afghanistan. As a grunt Soldier deployed with the 82nd Airborne, Joe became one of the […]

The delivery month of August got off to a slow start with just 343 contracts "delivered" as of August 3. The next day, August 4, the CME released their daily […]

A comparison by Ronan Manly at BullionStar between an LBMA report pdf file and the earlier saved version of the same named file suggests that 2000 tonnes of gold in 2013 […]

When everything else fails, start a war…

In a nutshell, it appears that aerial surveillance across much of the East Coast will be impaired until October 1 due to “military activities.”

In silver, we had another huge withdrawal in silver inventory at the SLV to the tune of 1.145 million oz...

Here's one from the archives, illustrating how the more things change the more they stay the same - as far as QE, Operation Twist, and central bank intervention goes.

We’re told that surging investment demand for retail forms of silver is a whole different animal than surging investment demand for 1000 oz bars. Is it really?  I don’t think […]

In the month of August 2015, India just imported 126 tonnes of gold and 1,400 metric tonnes of silver...

Silver delivery times are now longer than they've been in some time. Watch this video to hear Mike explain all the forces in play that are causing this.

At the end of 2014, the New York Fed reported a surprisingly high delinquency rate for student loans – 11.3%. Now the latest data released by the White House reveals that number may in fact be dramatically higher. As the Wall Street Journal reports:
New figures covering more than 3,700 schools were released as part of the White House’s College Scorecard, which allows consumers to explore data about debt and degrees. The average repayment rate among almost 1,200 for-profit schools—meaning these students were actively paying off loans—was 61%, the lowest of any sector. The average repayment rate among all colleges was 73%."

While we may not be able to predict specific dates or outcomes because of outright manipulation, a collapse of the system as we have come to know it remains a […]

As the US has ceased being the Land of the Free, it has also ceased being the Land of Opportunity… as well as the undisputed global superpower. History is repeating […]

A weakening U.S. economy, alongside the crisis in China, means that the Fed will launch another round of quantitative easing, says Richard Duncan, chief economist at Blackhorse...

Since the Lehman crisis, investors have bought into this bullish argument to the exclusion of any likely risk that a bear market will happen. Consequently, considerable amounts of speculative money […]

“They’re setting up for another round of quantitative easing. People who think the Federal Reserve is finished printing money – they’re just getting started.”

Something really bad is going to hit our system. Think about the manipulation of the metals market that occurred just before the Lehman, AIG/Goldman collapses. They took silver from $21 […]