Precious metals news

Gold & silver are spiking again this morning, continuing their week long rallies that began on the March FOMC statement when the market realized the Fed has no intentions of […]

On March 20, 2015, global gold price discovery changed. Transparency was introduced to the London gold market, as the new “LBMA Gold Price” was launched. Now, the Eastern love trade […]

In silver, the open interest today fell by 1527 contracts, due to short covering, as Monday’s silver price was unchanged. The total silver OI continues to remain extremely high with today’s reading at […]

Peter Schiff isn’t the only one warning that the economic data of the United States is much worse than the media portrays. Michael Snyder has shared 10 charts pulled straights from the Federal Reserve’s own records that show how things have gotten worse since last crisis, not better. Some of these are points Peter has raised time and again, such as the low labor force participation rate. You can see it has been ticking steadily lower since the turn of the millennium.
However, Snyder goes on at length about a number of other important data points. Whether he is looking at the ballooning national debt or the velocity of money, he draws attention to the most important key fact:

Fox Business’ Kennedy spoke with Peter Schiff about President Obama’s praise for a mandatory voting system. Peter argued that mandatory voting doesn’t automatically lead to better government, because people won’t necessarily be making informed decisions. What’s worse, mandatory voting could only be enforced with monetary penalties, which would just become another tax burden. Kennedy and Peter also discussed why the United States needs to experience a recession for the economy to truly grow out of the problems created by the Federal Reserve’s monetary policy.

In his latest Silver Update, BrotherJohnF discusses silver's rally over the past 4 sessions, and whether the reversal will have legs or is near topping out. Latest Silver Update is […]

The move to a cashless society won’t happen overnight.  Instead, it is being implemented very slowly and systematically in a series of incremental steps. All over the planet, governments are […]

You don't need a conspiracy-minded viewpoint to know what caused the series of events leading to, through, and beyond the last crisis (and the one before that and the one […]

Does anyone else have the feeling that things are not just unraveling, but that the unraveling is gathering speed?

As the U.S. drilling rig count continues to plummet due to low oil prices, ironically, the opposite is taking place in the Middle East.  The total number of drilling rigs […]

AT&T has apparently come up with the brilliant plan of offering customers the option to have the telecommunications giant NOT track their every movement and keystroke...for the low, low rate […]

Interest rates have been falling for over three decades. Conventional economics has two things to say about this. One, inflation expectations are falling. Monetarists believe that the interest rate is […]

China and Russia have taken the lead in establishing the Asian Infrastructure Investment Bank (AIIB), seen as a rival organisation to the World Bank and the Asian Development Bank, which […]

An incorrect rumor that HSBC is rapidly and quietly closing gold vaults where clients gold bullion was stored and gold in the GLD ETF is stored has been swirling around […]

The biggest concern of all investors is the Debt Bomb! We’ve NEVER seen anything like the dire situation we now face. This according to David Morgan whose new book The […]

The vaults continue to drain at a record pace at the GLD...

An article from the New York Post pointed out that many analysts are joining Peter Schiff in saying that the global debt explosion is unsustainable. In fact, it's pushing countries around the world towards yet another precipice of financial collapse. The Post cites some grim statistics of American and global debt:

David Stockman told Fox Business that the United States' biggest economic priority should be getting the Federal Reserve under control. With a balance sheet that has quadrupled in just a few years, the Fed is incapable of sustaining its fiscal policy. Raising the Fed funds rate will add billions more to the already ballooning debt. The only way out of this perilous scenario, according to Stockman, is to get out of blind currency printing and back to sound money.

Deflation is a terrible thing, according to central bankers and politicians. Even mainstream economists decry deflation as an economic disaster, ignoring the basic supply and demand principles of Economics 101. Peter Schiff is one of the few advisors on mainstream media who will debate the point.
An article by Edin Mujagic, published at the Mises Institute, takes a look at some modern-day examples of deflation and the associated economic data.. Japan, Greece, Spain, and the Netherlands have all been experiencing deflation, while simultaneously experiencing a stronger GDP and consumer confidence. Mujagic focuses on the effects of deflation on “Joe Average,” which are roundly positive. However, there’s one economic player for whom deflation is an enemy — governments overburdened with debt.
By Edin Mujagic The Fed, the ECB, and the Bank of England repeatedly tell us that deflation is extremely dangerous for an economy. Central bankers, most economists, and the media speak of d...