Precious metals news

Will China, the “engine” of the world’s great economic machine, come chugging to a halt?

If there was ever a sign that people are hungry, starving actually, for freedom and an escape from the corrupt and overbearing global status quo, this is it:

Premiums on silver over the past weeks have exploded!  You think premiums are big now???...  

"This is MUCH BIGGER"... In this MUST LISTEN Labor Day release, Golden Jackass Jim Willie breaks down THE COLLAPSE:

Those that watched their stocks steadily increase in value for years are now seeing all of that “wealth” disappear at a staggering pace.

We don’t think that the price action necessarily tells us anything by itself. That’s why we look at it in the light of the basis action—the spread between spot and […]

It didn’t take long for the action to begin...

 "Something Just Happened". "We're going to have an absolute BIBLICAL COLLAPSE... and no one even has a clue that it's coming."

The end of the Shemitah cycle is fast approaching, and data shows a collapse is historically due.

Something has seriously changed in the silver market. This spike in physical silver investment is MUCH DIFFERENT from what took place in 2008. Why? 

The underlying bullion position however remains very tight. The Financial Times reported that the cost of borrowing physical gold has risen sharply in recent weeks, reflecting refining demand from the […]

Friday, China was closed and this country is a major purchaser of gold. Thus without these players, it was easy for our bankers to manipulate gold and silver for the second day […]

This fault zone has produced some of the largest earthquakes in U.S. history:

In his latest Schiff Report, Peter Schiff tears into the latest non-farm payroll jobs report, which everyone claimed could be the deciding factor for the Federal Reserve to raise interest rates. Peter also discusses the new phenomenon of quantitative tightening, which is the process of foreign central banks selling the US Treasuries they've accumulated.

The world's two leading consumers of gold continue to demand more. Gold imports spiked in India in August, building on a year-long trend, as gold also continued to flow into China.
According to the Times of India, 15.78 metric tons of gold were imported into India last month. That compares to 7.2 tons of gold imported in the same period in 2014, an increase of 119%.
This wasn’t a one-month anomaly, but continued a year-long trend of increased gold imports into the country. According to Business Standard, gold imports in the first eight months of this year are estimated to be 40% higher than last year. Analysts predicted, “By December 2015, the total imports will touch 1000 tons.”

Early last week, Newsmax TV interviewed Peter Schiff and Steve Beaman, Chairman of The Society to Advance Financial Education. The had a friendly conversation about the factors that triggered the dramatic fall in Chinese and US stocks. Surprisingly enough, Beaman agreed with much of what Peter said about the Federal Reserve, though he still maintained that investors need not worry about a looming recession.
Productivity has been falling. The first quarter of this year and the fourth quarter of last year we had big drops in productivity. Corporations have already spent all that cash in record share buybacks, and of course they bought back all that stock at much higher prices. That was cash they should have used to invest in plant and equipment, which is the oldest it has been in over 60 years. Whatever cash they have left, they’ve borrowed. I think corporate balance sheets are a mess. So are individual balance sheets. Everybody in this country is loaded up with debt, including th...

Jim Rickards defended holding 10% of your portfolio in gold on Fox Business this week. Dagen McDowell aggressively challenged his argument that gold is the equivalent of an insurance policy for your wealth, but Rickards pointed to thousands of years of history supporting his investment strategy. Rickards also stuck with his forecast for the gold price to hit $10,000 per ounce sooner than later.
When people say gold is up, I don’t think of it as up. I think the dollar is down. In other words, you get less gold for your dollar, so the dollar is really down. If gold went to $10,000 an ounce – which I do expect – I wouldn’t think of it as a rise in gold, I would think of it as an 80% collapse in the dollar…”

Foreign central banks want their gold back and they are pulling it out of Federal Reserve bank vaults.
According to a recent Federal Reserve report on its foreign official assets, physical gold holdings fell 9.6 tons last month to 5,950 tons. Total foreign physical gold held by the Fed now sits at just over $8 billion, down more than $67 million since January. If that figure sounds low to you, it is. Since 1973, the Fed has valued its gold based upon a statutory $42.22 price per ounce.
Federal Reserve foreign gold holdings dropped every month this year except June, when they held steady. Put in broader perspective, foreign central banks have withdrawn 192 tons of gold over the past year, and 246 tons since the January 2014.
This reflects a continuing trend of foreign gold repatriation.

Uploaded on Aug 27, 2015 During a time of increasing uncertainty in global financial markets, Jim Rickards, best-selling author and advisor to US Department of Defense and Intelligence Communities, was kind enough to share a few comments. When asked about People’s Bank of China’s recently announced gold reserve holdings numbers, Jim noted that, “I’ve been [to] China and [spoke] to secure logistics people, that [told me] gold is being brought in completely off the books…over land using People’s Liberation Army assets…coming in from Kazakhstan, maybe Russia.”

“The capitulation we’ve been talking about for a couple of years is beginning to occur... I suspect that this capitulation will be over by the end of October. And it […]