Precious metals news

Unfortunately, in our 48 hour news cycle world, a slow and steady decline does not produce many “sexy headlines”.

There is a myth prevalent today that the gold price always falls when interest rates rise.

The 25 largest public pension funds in the US have a $2 trillion budget shortfall.

This war on privacy is a war on freedom. And it’s getting totally out of control.

Gold stocks suffered a full-blown panic this past week!  This exceedingly-rare magnitude of selloff was triggered by extreme futures shorting intentionally executed to force a flash crash in gold.  After […]

If you missed the China boom, don’t let Vietnam pass you by.

This past Sunday night and Monday's action in gold needs to be discussed of what I believe is now a rapidly moving big picture.  $2.7 billion worth of gold futures were […]

In the late-evening hours last Sunday evening, gold (along with silver, platinum, and copper) was taken to the cleaners. The powerful clotheslining began with “someone” machine-gunning the entire the metals complex, […]

Forget about what stock markets are doing because that is just a diversion...

A couple weeks ago, we shared a segment of Peter Schiff’s recent interview with Reason TV. Here is the full interview with Reason’s Matt Welch from FreedomFest 2015. They discuss the future of the United States economy, the upcoming presidential election, and China's relationship to the US.
Things change quickly when they change. This idea that America is an all-powerful nation is just an idea. It’s based on a myth. At one time that was true. We were a mighty nation. We did manufacture the goods that everyone wanted to buy. We were the lowest cost producer of manufactured goods. We had the most economic freedom. We had the lowest rates of taxes, the fewest regulations. We were a very free society… We built an incredible country based on those principles. We’ve abandoned those principles, and the wealth has been abandoned as well.”

This article is written by Peter Schiff and originally published by Euro Pacific Capital. Find it here.
In his July 17th blog post, "Let's Get Real About Gold", author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the "Pet Rock" craze of the 1970s, when consumers became convinced that a rock in a box would provide continuous companionship, elevate their social standing, and give them something hip to talk about at parties. Zweig asserts that investor faith in gold, which he argues is just another inert mineral with good marketing, is similarly irrational, and has kept people from putting money in the much more lucrative stock market.
First off, Zweig's comparison of gold to equities as an investment vehicle sets up a false dichotomy. Gold is not an investment. It is, as Zweig indicates, nothing but a rock. But it is a rock that is extremely scarce, with highly desirable physical properties that have resulted in its being used as money f...

Jim Grant joined Kitco News to share his thoughts on the gold market. Author of The Forgotten Depression and publisher of Grant’s Interest Rate Observer, Grant is one of the most reserved and staunch gold bulls in the financial media. Grant admits he is extremely frustrated with the gold market given the underlying fundamentals of the global economy. But with his typically patient demeanor, he maintains that now is a great opportunity to buy. Grant prefers to invest in non-numismatic, physical gold bullion, like Krugerrands. He also buys gold mining stocks.
We are in one of the most radical periods of monetary experimenting in the annals of money. It could be this all works out. That is a possibility. I rate that as a very low probability. For that reason, you want to have exposure to the reciprocal asset of the paper assets that are now most popular. Gold to me is now the conjunction of price, value, and sentiment. I am very bullish indeed.”

Banks in Greece reopened on Monday, and even with strict withdrawal limits in effect, it at least gave the appearance of a return to normalcy. But Greeks also woke up Monday to a painful new reality that should serve as a warning to Americans.
Massive tax hikes went into effect, part of the austerity measures demanded by creditors in the latest bailout deal. As the AP reported, the increased taxes are another blow to Greeks already battered by years of economic crisis.
There are few parts of the Greek economy left untouched by the steep increase in the sales tax from 13 to 23 percent. The new rates have been imposed on basic goods, from cooking oil to condoms, as well as to popular services, such as taxi rides, eating out at restaurants and ferry transport to the Greek islands.
"The tax hikes are part of a package of austerity measures that also include pension cuts and other reforms that the Greek government had to introduce for negotiations to begin on a crucial third ...

The numbers below are simply SHOCKING:

Sub-sector financials are telling us the something is melting down behind the scenes...

I did not email any classified material to anyone on my email. There is no classified material. So I’m certainly well aware of the classification requirements and did not send […]

What's the largest money laundering institution in the world?  Robert Mazur, the Former Undercover DEA agent Robert Mazur who famously infiltrated Pablo Escobar's Medellin Cartel, asserts it's the Federal Reserve!  

Until or unless central banks change their policies to spur this positive economic behavior, they are basically funding war, depopulation and death and destruction.

The President of France has come up with a very creative way of solving the European debt crisis.  On Sunday, a piece authored by French President Francois Hollande suggested that […]

There’s a new bubble in town.  It’s anti-gold propaganda. The anti-gold propaganda spewing forth from all corners of the media is greater and more intense than I’ve ever seen any […]