Precious metals news

“To be personally delivered to Obama”…

I’m hard pressed to remember a time where the morale of the Western gold community was much lower than it is now. Regardless, some very good technical and fundamental news […]

“The repercussions of Russia on a gold-exchange standard would be immense.   Above all, it would mean the first major schism in the world's monetary order. China would quite likely follow […]

This article was written by Dickson Buchanan, SchiffGold Precious Metals Specialist. Any views expressed are his own and do not necessarily reflect the views of Peter Schiff or SchiffGold.
After Federal Reserve Chairwoman Janet Yellen's congressional testimony, the markets are still convinced the Fed could begin to raise rates sometime this summer. This is just plain wishful thinking. The Fed can no more raise rates than it can borrow money into oblivion. The reason is simple: the Fed must maintain the pretense of being solvent to maintain its credibility as a financial institution.
Think about the balance sheet of the Fed. Its assets are a mixture of government bonds, Treasury notes, and mortgage-backed securities. The dollars that the Fed issues to purchase those assets are its corresponding liability. Needless to say, it has purchased a lot of bonds since 2008 (QE1, QE2, QE3). So since 2008, its balance sheet has expanded on both sides.
This isn't yet a problem, becau...

David Morgan, a precious metals expert and creator of the Morgan Report, spoke with Greg Hunter of USAWatchdog about the value of silver as a universal currency and how people are starting to wake up to the lies of central banks. He believes that the world is now facing a dangerous “debt bomb” that central banks are avoiding by printing money. However, Morgan says the days of the financial elite are numbered, and silver is already being used again for everyday transactions.

China is set to introduce their SWIFT system by September putting a huge dagger into the heart of the USA dollar...

Something is really wrong behind the scenes... When they lose control the collapse will be spectacular.

All of the Western [totally insolvent] central bankers, along with the psychopathic leaders of the US/UK/EU under the banker’s charge, will never take responsibility for all of the economic destruction and capital […]

Are we at the tail end of the stock market bubble to end all stock market bubbles? 

What exactly is China planning on doing with all this gold!?!  (We think we know...)

In contrast to what is widely assumed, the gold in Fort Knox has NOT mainly been supplied by gold coins in circulation in the United States before the Great Gold Confiscation […]

In the past 40 years, we have never been closer to World War III than we are today.  At this moment, Israeli Prime Minister Benjamin Netanyahu no longer trusts Barack […]

One of the main causes many gold analysts assume Chinese gold demand (and withdrawals from the vaults of the Shanghai Gold Exchange) is inflated is because of Chinese Commodity Financing […]

The contagion with respect to the failure of Austria’s bad bank Hecta, seems to be spreading to other public facilities. Is Hecta the black swan event we've been waiting for?

Once again, Peter Schiff uses his latest podcast to dig into the real economic data of the United States. Here is a round up of the key figures that mainstream news ignores, while focusing almost solely on payroll numbers.




In Peter's view, either the US economy is already in a recession, or we’re on our way there.

Ron Paul published a scathing article attacking the Federal Reserve's anti-audit propaganda. Responding to vocal Fed apologists, Paul writes that the American people have a right to decide if the Fed’s monetary system is harmful and current auditing laws are not comprehensive enough.
Paul’s main arguments for a Fed audit include:

The Commodity Futures Trading Commission (CFTC) banned four Florida companies from trading precious metals last week. The companies were alleged to have committed fraud by promising to transfer precious metals that customers never actually received. $7.8 million were scammed from unsuspecting victims. The CFTC reached settlements with each business, though the companies never admitted their guilt.
So how did these companies manage to fleece so much money from would-be gold investors? According to the Sun Sentinel, some of the companies operated through telemarketers that would call their victims and convince them to give a down payment towards a loan to buy gold and silver. The salespeople claimed the metals would either be transferred to the buyers or stored at a depository on their behalf.
This sounds like a textbook example of a leveraged gold scheme.

With gold under the most intense market manipulation effort in history from the western Central Banks, leave it to none other than CNBC to amplify the media’s anti-gold propaganda effort:

The consequences of this debt bacchanalia should have been the orderly liquidation of the Wall Street entities that created the crisis, the writing off of trillions in bad debt, corporate […]