Precious metals are apparently waking up. And here is where you can find the best deals.
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The People’s Bank of China (PBOC) announced today that it’s gold holdings have grown by 57% to about 1,658 metric tons. This is the first official update to China’s gold reserves since 2009.China’s gold reserves are now the fifth largest of any country in the world and sixth when you include the holdings of the International Monetary Fund (IMF). Only the United States, Germany, Italy, and France hold more gold than China.However, many believed China would announce even larger holdings than this. Ross Norman, CEO of bullion broker Sharps Pixley, told the Wall Street Journal, “The figure published by the PBOC is roughly half the market consensus on what we had thought they had accumulated…”
Silver too is on the verge of a massive-if-not-record short-covering frenzy running parallel with Gold
The price level and trading activity in the precious metals market – gold and silver specifically – has reached mind-blowing absurdity. Make no mistake about it, the fact that the […]
The financial world almost ended in 2008. Nothing was fixed, nothing even changed. In fact, the only change has been the degree to which unsound monetary, fiscal and banking practices […]
The “deal that was designed to fail” has already begun to unravel.
In the article below, Marshall Swing refutes best-selling author Jonathan Cahn's calculations for a coming Global Financial Collapse "Shemitah", and States That the Date of the Global Financial Collapse May […]
China has just dropped its long anticipated bombshell on the gold market...
Marshall Swing: Global Economic Crash is COMING, and There is Nothing You Can Do To Stop It!July 17, 2015
The Global Economic Crash is coming and there is absolutely nothing you can do to stop it...
If Greece fell, it would have triggered the nuclear daisy chain of credit default swaps, of which Deutsche Band, Citigroup and JP Morgan are the largest bag-holders.
Something QUITE INTERESTING took place on Friday last week...
Yanis Varoufakis: Euro Summit Statement (Or Terms Of Greece’s Surrender – As It Will Go Down In History)July 17, 2015
The Euro Summit statement (or Terms of Greece’s Surrender – as it will go down in history) follows, annotated by yours truly. The original text is untouched with my notes […]
Below is everything you need to know about ECB Fascism...
Peter Schiff trying educating the clueless CNBC tards.
Peter Schiff got into a heated debate on CNBC this afternoon when he explained why he thinks now is a good time to buy gold. The floor traders couldn’t wrap their heads around Peter’s suggestion that the Federal Reserve might launch a new round of quantitative easing in the next year. Instead, they insisted that the futures market is accurately predicting a Fed Funds rate hike. Peter countered that the markets have been wrong before.
While visiting Athens, SchiffGold President Mike Freedman spoke with two Greeks about their country's economic crisis. One had voted "yes" in the July 5th referendum, while the other had voted "no." His conversations were eye opening and hold important lessons for America. Find Mike's personal thoughts on the matter below.
Could America go the way of Greece?Most people don't seem to think so. In fact, proposing that US policy could lead to a Greek-like meltdown will still elicit incredulous eye-rolls in most circles. But some of the structural problems that led Greece down her road to ruin already exist in the United States, especially when we look at state pension systems.Greece has actually improved its pension system. It now ranks as the eighth worst in the world. That's up from dead last. According to Eurostat, Greece spends 17.5% as a proportion of GDP on pensions, the most in the European Union.
Today, we had the open interest in silver rise by a huge 1,258 contracts to 186,974 despite the fact that silver was down by 16 cents yesterday. We again must have had some shortcovering by the bankers as they […]