Precious metals news

Pennsylvania is on the verge of becoming one of the first states in the country to base criminal sentences not only on what crimes people have been convicted of, but […]

When the commodities hard assets are showing pain, to me it means we’re in the last stage of the dollar collapse. Part 2 of Jim Willie's MUST WATCH interview with […]

Physical gold inventory at the GLD has plunged again, now down to 667 metric tonnes!

Just minutes ago, Reuters reported that an IMF staff report has concluded that the Chinese yuan is not yet ready for inclusion in the basket of fiat currencies that make […]

This article was written by Dickson Buchanan, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
With gold’s recent volatility and price drop, we’ve heard a lot of noise from pundits and analysts. Consequently, this seems like a great time to ask certain basic questions about this oft misunderstood market. For example, just how big is the gold market? Where does gold fit into the modern financial landscape? Why does gold still matter today?
To start, let’s consider the size of the global market for gold.

Michael Lombardi of Profit Confidential calmly explains the difference between the paper price of gold and the physical price of gold. Paper gold contracts traded on the COMEX and other speculative markets can significantly influence the nominal price of gold from day to day, as we saw with the sharp downturn in the dollar price of the metal this summer. Conversely, physical buyers are simultaneously paying some of the highest premiums ever for gold, because the supply of the metal is so limited. In fact, gold production has gone down in 2015, while demand in both the US and Asia has been growing.
Lombardi reminds us that in the end, gold is a physical commodity, and basic supply-demand dynamics will be the ultimate arbiter of its value. This point can't be emphasized enough, but mainstream investors tend to ignore it and get distracted by the dollar price of gold. This dollar-centric mindset ultimately prevents investors from seeing the reasons to own physical gold for the long...

Bill Murphy explains whats going on behind the Gold scene.....

The dollar is revealed to be a paper thin instrument of warfare, a twisted illusion, a weapon in a covert economic war that threatens our very livelihood.

In just one day, a big chunk of JP Morgan’s gold has been withdrawn from the COMEX:

The “war on terror” is a status quo fraud perpetuated by the oligarch-controlled mainstream media and authoritarian members of Congress as a way to systematically strip the American public of […]

Unfortunately, it can happen here.

A very real problem or flaw in logic exists in the current gold and silver markets. If there is in fact so much selling (panic selling), how is it possible […]

The LBMA gold is witnessing a 7.40 premium spot/next nearby month as gold is now in backwardation!

Rather than staging a technical “break down”, silver has essentially been trading sideways, and it has not traded significantly below than the November lows. From the May highs, silver has […]

Will $1072 hold?  We will soon find out.  If it does, look out and fasten your seatbelt to some very big numbers for Gold and Silver this year and in […]

We may have discovered the motive for the July 19th gold market drive-by slaughter...

Hat Trick Letter Editor Jim Willie has made some excellent macro calls over the years.  If his latest involving the yuan and the dollar is accurate, a MAJOR STORM is […]

The time to act is NOW. Noah did not wait until it started raining to build the Ark...

Stefan Molyneux interviewed Peter Schiff on Freedomain Radio. In this hour-long conversation, Stefan and Peter cover the gamut of essential economic issues: the gold market, hidden inflation, the so-called US economic “recovery,” and the ultimate death of the US dollar. This is a great video to catch up on nearly every hot-button issue in the media, from China’s economy to Donald Trump’s campaign to Puerto Rico’s default to American’s misunderstanding of high minimum wage.

South Koreans have embarked on a gold buying spree.
Residents of the Asian country are on pace to purchase a record amount of gold in 2015. By year's end, total sales will likely top 1 trillion won ($860 million) based on first-half sales through Korea Gold Exchange 3M Co Ltd, the country's largest gold merchant.