Precious metals news

Just as Peter Schiff has been predicting, first-quarter GDP in the United States was revised dramatically lower today. The Commerce department previously estimated that US economic output rose 0.2% in the first quarter of 2015, but it is now reporting a seasonally adjusted rate of negative 0.7%.
Peter has anticipated this downward revision since the beginning of the second quarter.

With today's announcement from the US Mint, it's OFF TO THE RACES on US Silver Eagles just at the right time!

What happens in real life when a Russian guy worth $10 billion gets ripped off by his "trusted" art dealer?...

There is a great monetary reset coming. There is a day of reckoning on the horizon for the tsunami of fiat which has flooded the planet. There will be a […]

The banker "suicide" string tragically continues as an unidentified 29 year old New York Investment Banker has just plunged to his death from downtown 36 story luxury apartment building Ocean […]

A cashless society is right around the corner and the financial and economic nightmare that is unfolding right in front of us will be ramped up to warp-drive. So good […]

Is China really about to crash the dollar by announcing gold reserves of 30,000 metric tonnes? 

Would you want to be naked short gold while China launches its new Gold Silk Road development project & prepares to invest 100 billion yuan into physical gold & mining […]

The U.S. (the West) has wanted low gold prices as a show or display that their fiat currencies were "good". Now, as the curtain goes down on the West, China […]

The Comex bullion banks have a problem going into first notice day tomorrow...

The Federal Reserve and mainstream economists have recently put a lot of effort into discounting the first-quarter GDP figures. In his latest commentary from Euro Pacific Capital, Peter Schiff walks us through the supposed logic of seasonally-adjusted economic data and why the government feels the need to revise the way it looks at decades of past GDP statistics.
Why do we really need seasonal adjustments in the first place? Yes December is different from July, but those differences persist every year… I believe the truth is the system is getting more complex because we want it that way. We prefer the ability to manipulate figures rather than allowing the figures to tell us things that we don't want to hear."

Jay Taylor spoke with Axel Merk about the gold market and mismanagement of global economies by central banks. Merk believes that the United States, Europe, and Japan cannot afford to raise real interest rates. So even if the Federal Reserve delivers a nominal interest rate hike later this year, effective real rates will remain near zero. He expects this to stay the same for at least the next decade, which is very bullish for precious metals and gold.

What if China began using the interest payments from the debtor nation, the United States, to finance a new global bank, like the BRICS Bank and the AIIB? What if […]

Simon Black explains taxes from early America

As we are approaching the moment the PBOC unveils they have more physical gold in reserve than what has been disclosed since 2009 (1054 tonnes), we will again analyze everything there is […]

Debt cannot increase forever. Hence there will be a reset. Expect another crisis – even Jamie Dimon of JP Morgan says so. Remember the 1987 stock market crash, the LTCM […]

What happens to our financial system and the price of gold when western central banks are no longer willing or able to ship gold to Asia in exchange for fiat […]

Gold is the ultimate anti-currency.   Just how much is enough? 

Maria Bartiromo, Fox Business, Released on 5/27/15 “The ticking time bomb of compounded interest and unrealistic pension fund expectations of income continue to go whether you talk about it or not, and the scale of the problem continues to increase whether you talk about it or not.” Part 1 (part 2 below) Part 2 “Wealth redistribution going one way, growth going the other way. The more the focus is on wealth redistribution, the slower the growth rate. There is no solution, short of growth.”

The writing is on the wall for the dollar.   It’s only a matter of time before the plug is pulled...