Precious metals news

Today good news came that there is a ceasefire in Eastern Ukraine and also it seems that Germany has blinked with respect to Greece. However late in the day, the […]

Europeans bought a lot more gold in January. Investors turned to the yellow metal to protect themselves economic turmoil that could result from Greece leaving the eurozone and the oncoming wave of European quantitative easing. The price of gold in euros has already risen 9% in 2015, putting it at a 21-month high.
Europeans are acting fast as the euro continues to lose value against the dollar. Banks and gold dealers around the continent are reporting a huge surge in sales.

Switzerland didn’t start the currency war, but last month it was the first to surrender by cutting the Swiss franc's ties to a foundering euro. The euro plummeted on the news, while the franc soared. How much longer before the euro completely sinks under the weight of sovereign debts and a flood of quantitative easing?

The World Gold Council (WGC) has released its Gold Demand Trends report for the full year of 2014. Overall, gold demand was down 4% compared to 2013. The financial media often latches on to just this headline number, adding it to the list of factors it uses to discredit investment in physical gold and silver.
Once again, it’s important to emphasize that gold investment is a long-term strategy. Judging the strength of the physical gold market and investor interest in precious metals by simply comparing year-over-year statistics is a short-sighted game. 2013 saw an all-time record high for physical bar and coin demand, largely because investors rushed to take advantage of a lower price. It’s no wonder that 2014 couldn't compete, with its relatively stable price of gold in US dollars.
However, compare total bar and coin demand in 2014 to 2004. It’s nearly 300% higher. As the WGC notes, “demand remains well above levels that were the norm in the pre-financial crisis world.”

From the disturbing fact that 70% of Americans take at least one prescription medication, to a marketing speech for Advair in which the speaker looks and sounds like a televangelist, […]

The latest CFTC Bank Participation Report brings the usual horrors and it confirms our "inherently unfair" thesis. However, there's also a bigger picture that gold investors everywhere need to consider. […]

Is the fact that the Bundesbank is re-melting the few repatriated gold bars it has received from the NY Fed the key piece of information needed to decipher the US […]

What is not often covered in the media are the audits of the US official gold reserves stored at the US Mint, which is the custodian for 95 % (7716 […]

Today starts the big meeting by the Euro clan to see whether Greece will leave the EMU. We should know the true state of affairs by tomorrow night, although late […]

USAWatchdog’s Greg Hunter spoke with Peter Schiff this week. They discussed the intricate problems of Europe and Greece, the phony economic recovery in the United States, and how investors can protect themselves when wars break out. Peter also responded to the ongoing negative sentiment of gold bears who continue to predict a lower gold price despite evidence to the contrary.

A record number of individuals renounced their American citizenship or residency in 2014, according to the Treasury Department – a total of 3,415 people. This number is 14% higher than last year, which was also a record year that clocked in 2,999 new expatriates. While there is no definite way to know why these numbers are ramping up, analysts are pretty sure it’s because the United States extended its draconian tax reporting requirements internationally a few years ago.

Countries that can't repay their debts — won't...

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Today's obvious mispricing of sovereign bonds is a bonanza for spending politicians and allows over-leveraged banks to build up their capital. This mis-pricing has gone so far that negative interest […]

Not only was November’s 71 mt the second highest month for U.S. gold exports (Jan was 80.7 mt) in the year, Switzerland received nearly half of the total amount.  In […]

In the last trading week of January another huge quantity of gold left the vaults of the Shanghai Gold Exchange (SGE). According to the latest SGE data nearly 54 tonnes […]

Most gold analysts are vastly underestimating the importance of the titanic changes taking place in the world gold market. In the big picture, 2015 is likely to go down in […]

Has a NEW Gold Bull Market Trend developed since the November 6, 2014 low? The answer is stacking up to be a big YES! Want proof? 

If the ECB & Greece don’t compromise, Greece could be forced to leave the Eurozone and we could potentially be facing the equivalent of “financial armageddon” in Europe. And if […]

Tomorrow we will finally see whether Europe shuns the Greeks.  Early in the morning, the Europeans tried a trial balloon which stated that they may be offering Greece a 6 […]