Precious metals news

When secret bankster plans, in preparation for decades, are on the line….those banksters can hardly allow pesky things like “consent of the governed” to obstruct the consolidation of power into the […]

The 1729 quote from Voltaire “Paper money eventually returns to its intrinsic value — zero” is as true today as ever. One of the most absurd contradictions in the 21st […]

There has been little or no debate by commentators or in the media about the risks posed by bail-ins. The cosy consensus is that bail-ins are good as they allegedly […]

Simply put, gold rises when the dollar falls…and not until then.  So long as the community of faithful remain captured by the dollar religion and continue to believe in the […]

In his first international television interview since stepping down from his post as Greek Finance Minister, Yanis Varoufakis told CNN‘s Christiane Amanpour on Monday that European lenders had forced his […]

Gold is power.
We know that gold historically holds its value over time and serves to preserve wealth, especially in times of economic chaos. But gold also offers its holder political power.
Countries that stockpile gold create a foundation of stability for their monetary systems. This is precisely why China is increasing its gold holdings. As we reported last week, China now boasts the fifth largest story of physical gold in the world. The country continues to buy up the precious metal as it eyes a more dominant role in the world's monetary system.
But it's not just countries looking to gold to provide political clout and economic power. Texas recently laid the groundwork for its own gold depository. The reason? To wrest some economic power from the Federal Reserve by bringing some monetary autonomy to the Lone Star State.

Under the original Coinage Act of 1792, drafted by Alexander Hamilton, the penalty for debasing a coin was death.
Under that law, President Lyndon B. Johnson was guilty of a capital offense.
Fifty years ago today, Johnson signed the Coinage Act of 1965, setting into motion five decades of currency debasement that continues today. Under the law, silver dimes and quarters would no longer contain silver. Instead, the Treasury would mint coins made of "composites, with faces of the same alloy used in our 5-cent piece that is bonded to a core of pure copper.”
Today, we call pre-1965 dimes and quarters "junk silver," but we really should be calling the modern coins junk, because that's what they're worth.

Don’t worry, disheartened Goldbugs- if you can pull yourself away from your shiny rocks for a few minutes, I have a killer stock play that will help ease your considerable […]

Today, July 23, 2015 marks the 50th anniversary of the debasement of United States’ coinage.

Just in case you still harbored any doubt that absolutely zero lessons were learned from the cataclysmic financial collapse of 2008/09, we learn from the New York Times that:

When the red and green lines on the dollar/gold basis/cobasis chart below move together like this, it means the price change is caused by speculators in the futures markets, who […]

I would still stand by my assertion that gold will be restored as the world’s “base” currency, however I now am nearly certain it will never have that chance before […]

The demand numbers I’ve seen are way beyond the supply.  I think that Western central banks surreptitiously make up the missing supply and that someday they’re going to look in […]

The manipulative smash on the gold price on Sunday night has once again led to a surge of buying of gold coins and bars across the globe. Both the Wall […]

The anti-gold propaganda took on extraordinary proportions last week as a prelude to Sunday nights vicious paper raid on the price of gold.  The media’s anti-gold media terrorism culminated with […]

Two well-known financial forecasters claim that virtually all governments worldwide will be hit with a gigantic economic crisis in the first week of October 2015. Both believe that the domino […]

Russia has added another 25 tonnes of gold to its arsenal...

Jim Rickards appeared on Bloomberg to explain why gold hasn’t actually lost any real value. It’s just the strength of the dollar that has pushed down nearly all commodities and currencies. Rickards argues that now is a very good time to buy the yellow metal, especially if you’re looking for the safest way to preserve your wealth from fluctuations in fiat currencies.

The following article was written by Keith Weiner of Monetary Metals and recommended by our Precious Metals Specialists. Any views expressed do not necessarily reflect the views of Peter Schiff or SchiffGold.
We can’t count how many articles we saw today, bemoaning gold going down. The price action is bad for gold (whatever that means). China underreported their gold holdings. No, China doesn’t care about gold. No they want the price to go down so they can buy it cheap. No, they want to convince the IMF to include the yuan (which has capital controls, by the way) into the SDR basket. No, China really intends to revalue gold (whatever that means).
This is your brain on dollars. Any questions?

Fox Business asked Peter Schiff to explain why investors should continue to hold on to their gold, rather than sell it at a loss. Peter clarified that he has never recommended investing only in gold and not in stocks. Instead, owning gold is a way to protect yourself from fiat money and central bank policy.
A lot of people were as bullish on stocks...in 1999, and they were that bearish on gold. But again, I’ve never told people to sell all their stocks and hold only gold. I tell people to have 10-15% of your portfolio in gold. I stand by that allocation. But I think stocks are very expensive in the US. I think they are more expensive in general than they were in 2000, because the Fed has given more help to the market."