Precious metals news

Swiss Gold Exports to China & India Doubled Bloomberg – Exports of Swiss-refined gold to China and India doubled in March to 46.4 metric tons and 72.5 tons respectively. This is the highest monthly data since January 2014, according to the Swiss Federal Customs Administration. Much of the gold is coming from the United Kingdom, which increased its Swiss exports sixfold last month. This is a continuation of a trend that started in 2013, when China and India began buying the gold sold by gold-backed funds that had attracted Western investors. These funds sold the largest amount of the metal in March since 2013, totaling 55.7 tons. Read Full Article>>

Following the Federal Reserve’s monthly meeting, the financial media has been making the rounds to get everyone’s opinion of the economy. Jim Grant agrees with Peter Schiff: it looks like radical monetary policy “is pretty much here to stay.” As usual, Grant shares his contrarian views with CNBC in his dry, witty, and disarmingly honest style.

Peter Schiff shares his thoughts on the Federal Reserve’s meeting that concluded yesterday. He also takes a look at the official first quarter GDP figure, explaining the misleading data behind it.

After resisting initial take-down attempts on Wednesday's FOMC release (with gold down a mere $10 and silver .15), the cartel has just dropped the proverbial hammer on the metals, as […]

There are 105 trillion reasons to own silver.  Very few investors in the world realize this, which makes it one of most undervalued assets in the world.  While the paper […]

Likely desperate for physical gold bullion yet again, the BIS convinced El Salvador's Central Bank to dump 80% of its gold reserves last month.  Reuters reported from San Salvador that […]

Across all markets we are being lied to. Systematically and consciously. This is behavioral economics almost by definition. Of course, the reality is that these lies lead to unsustainable conditions.  […]

Why are so many catastrophes hitting U.S. food production?  Could it be possible that the U.S. food supply is cursed?

There are three financial hurricanes hurtling towards our country and most people are oblivious to the coming catastrophe.  The time to prepare is NOW, not when the hurricane warnings are […]

Wall Stree Hopium: If enough people truly believe that things will get better, will that actually cause them to get better? 

We have been on a collision course path of financialization for a long time. Interestingly, no matter which stage along the timeline one wakes up to the scope of the […]

- U.S. first quarter GDP grew 0.2%, down from 2.2% last quarter - U.K. GDP for first quarter was 0.3%, last than half the previous quarter’s figure - Large inventory […]

Yes, the anger over the death of Freddie Gray is very real.  Police brutality has been a major problem in Baltimore and much of the rest of the nation for […]

Baltimore is under curfew yet again, but the big story tonight is that the protests have now spread to NYC with reports that NYPD have loaded dozens of protesters into […]

There is a whole lot more going on behind the scenes than we are being told. JPMorgan Chase chairman and CEO Jamie Dimon recently stated that “there will be another […]

Yesterday was options expiry on the COMEX.  On Thursday we will have options expiry on the LBMA in London and on the OTC market as well.  It was no surprise […]

May is about to bring great change to our world. On Friday April 29, 2011 (4-years ago) we sold all our Silver at $49, the next trading day Monday May […]

Michael Lombardi, Founder of Profit Confidential, lays out the fundamental argument for the gold price moving higher this year and into the future. It basically comes down to supply and demand factors. Less and less gold is being mined each year, while demand for the yellow metal from major economies like China and India continues to grow. Meanwhile, central banks are also increasing their gold purchases at rates we haven’t seen in 50 years.

John Whitefoot, an Analyst with Lombardi, shares his 2015 silver forecast. Unlike many investors, Whitefoot expects silver prices to rally, catching markets by surprise. He points to three important factors:
Perhaps the only point our Chairman Peter Schiff would disagree with is that the US economy is going to continue to improve in the coming years. Nevertheless, the case for silver prices rising significantly this year and into the future remains. Many of Whitefoot’s arguments are also explained in detail in our free special report – The Powerful Case for Silver. Download it here.

BIG financial trouble is coming. And when it finally arrives, it is going to shock the world, even though anyone with any sense can see the coming crisis approaching from […]