Precious metals news

It’s pretty clear who the 800 lb. gorilla is in the gold market:

China’s stock bubble has burst, with its stock markets utterly collapsing after rocketing parabolic.  The failure of this popular speculative mania has grave implications for the global stock markets.  It […]

As a response to the launch of the New Asian Development Bank, the economic war that the US has been waging appears to have taken a new turn. Using speculation […]

Supporters of a $15 per hour minimum wage continue to insist that it won't impact employment. But the economic problems underlying the Puerto Rican debt crisis tell a different story and provide a possible glimpse into America's future if the country continues down that path.
Last month, Puerto Rico Governor Alejandro García Padilla announced that the island cannot possibly pay its roughly $72 billion in debts. With more municipal bond debt per capita than any US state, a Puerto Rico default would have a much greater impact on Americans than the situation in Greece. As Peter Schiff recently noted, "Most Americans don’t own any Greek government bonds. But they probably own some Puerto Rican government bonds. Whether they know it or not, they’re in their muni bond portfolio."
Many policies combined to drive Puerto Rico into this situation, but a recent report reveals labor and wage policies were a big part of the problem.

The financial media latched onto Janet Yellen’s latest statements as further proof that a rate hike will happen this year. Peter Schiff debunks this analysis in his latest podcast, pointing out that Yellen’s phrasing remains as ambiguous as ever. Peter also addresses the latest news out of Greece, where he expects the Greek government to reach a deal to stay in the eurozone. He wraps up with a quick summary of the drama in the Chinese markets.
In her talk, [Yellen] said that the labor market is continuing to improve. No it’s not. Didn’t she see the jobs report that came out on Friday? Didn’t she see all those downward revisions to prior months? Didn’t she see the plunge in the labor-force participation rate to 62.6 – a new low since 1977?"

In a week where “glitches” froze all Dow Jones securities trading for roughly 2/3 of an entire trading day, and Beijing pointlessly kept clamping down on anyone suddenly wishing to extricate their […]

This scheme too will blow up in their face just like Long Term Capital, Enron, Bear Stearns, Lehman, AIG/Goldman. The taxpayers will be bailing out the banks – and now […]

Few people see the train coming that wrecks their financial lives…

The Chinese stock market bubble is bursting. And the government is hitting the panic button.

All the world is indeed a stage, and what is unfolding is a worsening tragicomedy, and it is under the direction of the elites through their debt enslavement [un]known by […]

On July 1st, 2015, Spain officially became a police state.

There are irreconcilable differences between those who are pro-Second Amendment, and those who advocate gun control.

And you'd better have some stashed out of the system...

Matt Taibbi is best known for his articles taking on the "Vampire Squid," Goldman Sachs.  In his latest Rolling Stone missive, he takes on former Attorney General Eric Holder.  “I […]

The definitive new millennium bubble, namely the NASDAQ Composite Index, peaked on the 10th of March 2000, at a level of 5,132. Within two years that same index would be […]

- Silver imports into U.S. surge 33% - Silver Eagle demand very robust - Silver Eagles and Maples see 25% surge in premiums and shortages - Silver price falls over […]

The month of June has come and gone, we are now in July and Gold and Silver refused to rally.  To make matters worse, the price smash on 7/7/2015 that […]

HUGE AMOUNTS OF SILVER BEING PICKED UP BY MAJOR PLAYERS...

Why is silver not reacting to current events? Here is a talk I had with my friend Ed Steer.

Peter Schiff spoke with Reason TV about the dramatic plunge in the Chinese stock market over the past three weeks. Peter explains how China mimics America’s money-printing economic policy to suppress the strength of the yuan. The effect is similar in both countries – currency inflation, which artificially stimulates investment in stocks. Despite the correction in Chinese markets, Peter believes China’s economy is still fundamentally stronger than that of the United States. Someday, he argues, China will drop its currency peg to the dollar and may begin backing the yuan with gold.