Precious metals news

Silver is HOT Well, brothers, the evidence all continues to point to one thing: silver is white-hot around the world right now! No, I’m not talking about price action, remember that “price” […]

Peter Schiff spoke with Graham Ledger about why the United States economy will only truly recover when the Federal Reserve completely abandons quantitative easing and zero-percent interest rates. Unfortunately, Peter thinks this is highly unlikely due to the political ramifications. Raising interest rates to normal levels right now would likely pop the current stock market bubble. If that happens while Obama is still in office, it will be much easier for a Republican to get elected. That’s exactly why Obama will likely pressure Janet Yellen to keep suppressing interest rates until after the 2016 elections.
Why did we have QE3? Because QE2 didn’t work. Why did we have QE2? Because QE1 didn’t work. We’re going to have QE4 for the same reason, and it’s going to make the problem worse, which means we’re going to have QE5. It’s not going to end until we have a complete collapse of the dollar.”

Currency traders have been blaming the weak first quarter GDP on poor weather. Peter Schiff argues that they’re going to have to start looking for new excuses, because April data is starting to trickle in and it doesn’t look good at all.

China's gold demand has exploded in the last few years as the Chinese government continued to liberalize its domestic gold market. Last year, foreign banks were given gold import licenses for the first time, and China opened a handful of new gold exchanges. However, China's economic evolution stretches well beyond precious metals, as the West has seen in the recent boom in Chinese stock markets.
The financial media insists that Chinese stocks are in bubble territory and that Chinese economic growth of 7% is "disappointing." In a new commentary from Euro Pacific Capital, Peter Schiff explains why the mainstream analysis is shortsighted when one looks at the history of the Hong Kong and Shanghai stock exchanges. Peter argues that with recent regulatory changes, Chinese markets have far stronger fundamentals than those in the West.
By Peter Schiff Although China’s economy has been leading the world in annualized growth since the days that mobile phones had retractable antennas,...

The current stock market has – by far – the highest p/e ratio in history and is therefore – by far – the most over-valued in history.

“There is no horror that cannot occur in human society, once economic order collapses,” so says Jeff Nielson from Bullion Bulls Canada. As the world prepares for economic life after […]

Unemployment is the one statistic that one would have thought is easy to define: just total up the number of people on unemployment benefit and there's your answer. It is […]

Gold’s bottoming consolidation grind continues, with investment demand still garroted by sky-high world stock markets and the parabolic US dollar.  With investors missing in action, gold prices remain totally at […]

EMPLOYMENT TRAIN WRECK: Is the US about to go through several decades of DECLINING population???

Is the Chinese gold lease market another fractional hypothecation system mimicking the fraudulent Western system? 

In his keynote address to the Mines and Money Hong Kong conference, Doug Casey shared his predictions for the future of the world economy and the mining industry. Casey is a well-respected economist and seasoned, expert analyst of the precious metals industry. His economic viewpoint aligns with Peter Schiff’s, and he believes that the astronomical levels of global government debt and paper currency are going to lead to a “Greater Depression.” What will be the ultimate fallout of this depression? The world will return to precious metals as the most reliable money.
There’s a good reason why gold is money. It’s the only financial asset that’s not simultaneously somebody else’s liability. This is a critical thing in a world as unstable as we live in today. You don’t want to hold somebody else’s liability, certainly not the liability of a bankrupt government or an idiotic and bankrupt central bank. So what are you going to hold? People are going to go back to gold."

Ron Paul appeared on CNBC to warn that a US dollar currency crisis is inevitable. The host tried to zero-in on a specific time frame for a crisis, but Dr. Paul emphasized that the catalyst for such an event will be an unpredictable change in investor psychology.
Most of the time these things [currency crises] are unforeseen, and most of the time there is a psychological element and a panic. If you have unsoundness and there’s no foundation, [and] it’s just held together by confidence, what happens when the confidence is gone?”
The host’s insistence on a specific time frame is a perfect example of the very problem Dr. Paul lays out. Since the markets can move quickly, both investors and central bankers get caught up in a short-term mindset. The stock market becomes the barometer of economic health, and long-term effects of monetary policy are largely ignored. When those effects finally emerge, investors react quickly and drastically, because they did little to prepare. Dr. Pa...

An email  went “viral” in the precious metals community this week about a hedge fund which had allegedly purchased 10% of both CEF (Central Fund of Canada) and SBT (Silver […]

Our favorite Fed-basher, Jim Grant was back on CNBC's Squawk Box for another brilliant interview discussing the fall-out from the Fed's disastrous economic policies.   "If companies can't fail that means […]

Today, we had a huge addition of 1.79 tonnes of gold inventory at the GLD/  Gold Inventory rests at 736.08  tonnes. In silver, we had no change in silver inventory […]

The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening. This is just the beginning.  When […]

The higher financial markets rise, the harder they fall...

Where there’s a lot “smoke,” there’s always a very dangerous fire. The truth about Google is straight out of a conflagration of “Animal Farm,” “1984” and “A Brave New World”: 

Do you have any idea what Martial Law in America would REALLY look like!?!

The love trade in China and India has experienced astronomical growth in the past several years, as signs of wage price inflation in America are appearing. These two events are […]