Precious metals news

Peter Schiff is flabbergasted that the financial media is reporting China’s large trade surplus as a negative for its economy, while America’s huge trade deficit is portrayed as a positive. Both China’s surplus and America’s deficit are blamed on the same thing – a strong currency. After debunking this misinformation, Peter moves on to tear apart the concept that America is running out of college educated workers. Just because college graduates have a lower unemployment rate, doesn’t mean high schoolers should hurry to go into debt for a PhD in Philosophy.

John Stossel and Peter Schiff discussed why the bailout of the big banks during the 2008 financial crisis simply laid the groundwork for a more severe economic calamity. If the free market were allowed to function, short-term economic pain would be overcome by a more fundamentally sound and independent economy. Unfortunately, Peter observes that the United States seems committed to behaving like an irresponsible banana republic.

Rory Hall and Dave Kranzler debut The End of the Line Report- discussing the blatantly fraudulent monthly employment report, the hit on the precious metals and Greece. Full End of the […]

It is probably very likely that Robert Oppenheimer and Richard Feynman, were they alive today- would be recruited into finance.  Obviously, not to participate in a war effort - though […]

The governor of the Belgian Central Bank (NBB) Luc Coene must have received a nice, polite phone call from the Western banking cabal: The repatriation from the UK is not […]

Over the last few years, gold has simply been losing the war against the US dollar, says Rick Rule.   Now gold’s price is stabilizing, but Rick noted in his recent […]

There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts […]

QE1-3 didn’t directly create the housing bubble 2.0.  The massive transfer of foreclosed, defaulted and distressed inventory into big investment funds is what triggered the big move up in prices. […]

Despite attempts last week by EU technocrats to browbeat the new and inexperienced Greek government into submission, Syriza appear to have grown even more resolute to fulfil their mandate. Alan […]

While gold & silver prices are much higher than they were 10 years ago, they’re also a snapshot of a crime in progress. Gold and silver price charts are photos of […]

"Enjoy the party, but dance near the door..."

Today gold and silver had a good day trading as both finished in positive territory.  The big news of the day is the Greek crisis and many are now believing […]

Peter Schiff has always emphasized that gold is a long-term safe haven asset and not a means of making quick profits. Investors need to understand the big economic picture to grasp why gold such an essential asset. Perhaps the biggest picture is the rise and fall of global currencies throughout history.
Jim Rickards, author of The Death of Money, walks us through the 20th century history of the US dollar and the pound sterling. He explains how a currency gains and loses the status of a global reserve currency.

Alan Greenspan has predicted that Europe is not going to continue to loan money to Greece. He believes this will lead to Greece exiting the euro, and possibly the eventual dissolution of the euro entirely.
Axel Merk agrees that Northern Europe is ready to abandon Greece. He gives an excellent, in-depth explanation of the Greek situation in an interview with Greg Hunter of USAWatchdog. He explains that Greece’s situation is just one manifestation of the same problem faced by all developed economies: an inability to balance budgets and pay down debt. Ultimately, Merk warns that this will trigger massive inflation thanks to the meddling of central banks.

Though still rising (for now) amid higher-highs and higher-lows, Silver is beginning to show signs of losing its grip on the uptrend established from its December low. Are new bear […]

“A ‘perfect storm’ of global events is coming together soon”  -Rick Rule

If it wasn’t for the United States Triple “A” Credit Card Rating, its economy would have collapsed years ago. Why?  It’s low 4,577 barrels per day of oil per drilling […]

The Hong Kong government will finish the fiscal year ending next month, for example, with a surplus of at least HK $60 billion (probably more, given how horrible they are […]

These kids just learned that in the Land of the Free, they’re better off staying home...

Since the 2009 “stick save”, it’s been a surreal world we’ve been living in, watching a handful of banking families (and the central banking franchises they constructed)  trying to juggle, well….everything in a […]