Precious metals news

One of our readers living in the U.S. has first hand experience of people involved at the highest levels of the Federal Reserve. He is very concerned about the astronomical […]

Conventional wisdom tells you that a university degree is the best investment you can make for your career. Invest the time and money now, they say, and you’ll make heaps […]

You’ll know the dollar is about to die when rises, rises and rises some more, because it’s soon going to VANISH…

GOLD:  The precious metal that is globally recognized as real money, a store of value, beautiful, and as lasting savings. GOLF:  The compelling game that is played globally, inspires millions, […]

NY Times best selling author and world renowned investor Doug Casey, along with Jeff Berwick of Anarchast fame sit down with the lovely Vanessa Collette for an in-depth, unfiltered & unscripted […]

Homeland Security has done nothing to guard against power grid failure since dire 2008 EMP:

A very long cycle term perspective on Gold and cycle ‘THEORY’:  Starting in 1980 and the $850 top, 3 cycles of 7-years equals the years 2000 – 2001 and the $253 […]

The Eurozone fantasy will be one of the early casualties...

China devalues AGAIN!!!

A massive explosion has rocked Tianjin, China killing seven people and injuring 300 others. Reports say that the blast was so powerful it created a mushroom cloud and triggered an […]

Marc on Yuan Devaluation, Fed Rate, Indian Economy, Gold, Silver & more

In the biggest one-day fall since a massive devaluation in 1994, China’s central bank set its official guidance rate down nearly 2 percent to 6.2298 yuan per dollar:

Gold bugs ask when gold will hit $5,000 or $10,000 or whatever price level. It may not. It may go off the board first...

The formula for hyperinflation concedes that massive debts require massive servicing. We don’t collect enough to meet that at normal rates of interest. Budget deficit numbers and perception can be […]

Earlier this year, we wrote about the latest developments in the international "war on cash." Some central bankers have gone so far as to suggest that cash be eliminated entirely. In his latest podcast, Tom Woods and Charles Hugh Smith talk about why central authorities want to abolish cash and the role cash plays in a free society.
Near the end, Smith recommends investing in local businesses or real estate as a better way of protecting your savings than keeping large sums of money in the banking system. We're pretty sure he would agree that buying physical gold and silver is also a good way to save your wealth and maintain its purchasing power over the long term.

This article was submitted by Addison Quale, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
So the People’s Bank of China (PBOC) just weakened the yuan fix to the United States dollar by the most on record – 1.9%. A central bank has devalued its currency, you say? Well, duh! With apologies to GEICO, it’s what central banks do. Apparently with exports suffering and their economy struggling to grow, something had to give. Devaluing the yuan immediately gives its export sector a boost. The hope is that this boost offsets whatever capital outflows result from a now weakened currency.
The move recalls another recent currency devaluation on the other side of the world. This time last year, the Swiss National Bank still wholeheartedly protested that it would never let its currency fix of the franc to the euro revalue. It continued declare as much right up until the week that it dropped t...

On CNBC’s Futures Now, Peter Schiff shared his take on the Chinese devaluation of the yuan and how it affected the price of gold. Once again, Peter reminded us that gold may not have moved up very much in terms of the US dollar, but in the Chinese currency the yellow metal rose significantly.
While the world still believes the US dollar is the strongest currency amidst an international currency war, Peter warns that the yuan devaluation is just temporary. Eventually, the Federal Reserve will start a new round of quantitative easing, and the United States will “win” the war by pricking the dollar bubble and destroying the value of its currency.

The shot just heard 'round he world (for those with ears to listen) was a surprise 2% devaluation by the Chinese of their currency the yuan. I have spoken to […]

The future is here.

If our government can't destroy all the private-sector jobs directly, it will do so indirectly by borrowing so much money the system collapses.