Precious metals news

How will the Chinese bid for the Yuan to grow into global reserve currency status affect gold? Jim Rickards explains in the interview below:

Fear Mongering, or is the FBI...CIA...ISIS plotting a July 4th display of their own? 

My fear is we are not in 2008 anymore, the coming collapse will change the world order to one unrecognizable to today.  The U.S. is in fact "broke" as we […]

According to the Bank of International Settlements, the world cannot handle another global crash – a crash that there is every reason to think is coming.

The silver paper futures open interest is now officially over a 1 billion ozs., most of which represents a naked short position in silver.   Never in the history of […]

When it comes to China's Shanghai Stock Exchange Composite bubble, there’s one thing that most people miss..

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The reality of the situation is that not only is this contagion soon to reach America, there will be no stopping it when it does...

If the United States and China are supposed to be such “great friends”, why are both sides acting as if war is in our future?  Once our debt-fueled economy collapses, […]

I assume JP Morgan and the Fed are one and the same.  There have been stories JPM has amassed 350 or more ounces of silver.  We also know China/Russia/India have been […]

As the crisis in Greece (and now Puerto Rico) intensifies, Global markets (except gold) are tumbling. Greek banks are closed, and the situation looks grim. While Greece Burns, Gold Prepares […]

Not surprisingly there is little official documentation on the recently launched Silk Road Gold Fund. However, the translation below provides an intriguing insight at what this Fund is about:

The 2 BIG Stories of the day: GREECE OFFICIALLY DEFAULTS TO THE IMF, PUERTO RICO DEFAULTS AND THUS SETTING UP HUGE DERIVATIVE LOSSES FOR MBIA AND OTHER INSURERS OF BOND […]

As we enter the second half of 2015, financial panic has gripped most of the globe.  We have entered uncharted territory, and what comes next is going to shock the […]

BlackRock Changes The Rules Of The Game Because Of An Outcome It Fears. This is the signal that everyone should call up their mutual fund company, financial adviser or 401k […]

Bank of International Settlements issued a blunt report on Sunday, warning that over-reliance on monetary policy has left central banks with little capacity to deal with the next global crisis.
As the Telegraph reports, BIS asserts that central banks have “backed themselves into a corner” by repeatedly cutting interest rates in order to stimulate flagging economies.
These low interest rates have in turn fueled economic booms, encouraging excessive risk taking. Booms have then turned to busts, which policymakers have responded to with even lower rates.”

Last night, Peter Schiff told CNBC how he expects the Greek financial crisis to affect United States markets. Peter thinks that the Federal Reserve will come in with another round of quantitative easing to prevent the dollar from rising too much against a struggling euro. Instead, he believes the Puerto Rican debt crisis presents a bigger problem to the US, because it could add significant risk to the municipal bond market and perhaps even breed a greater distrust of Treasuries.

In this final part of their video series, Peter Schiff and Mike Maloney discuss why gold is the ultimate hedge against the government’s irresponsible monetary policies. Neither Mike nor Peter like to predict a final price for gold. However, they agree that given the history of paper money systems, gold will be heading much higher when priced in US dollars. How much higher? Find out in their full, 5-year gold forecast. View part one: Peter Schiff & Mike Maloney’s First Face-to-Face Discussion Part two: Is Gold Heading to $13000? Part three: Saving Your Retirement Nest Egg from the Next Market Crash Part four: The Inflation/Deflation Debate

Let the fireworks begin!!

In the past, total open interest always dropped going into FND, now it is not.  Not only are all July contracts closed out being rolled into September, the total is […]