Precious metals news

Frank Bourassa was a hustler. He’d tried every shady deal out there—from marijuana to jacked cars. This was a guy who knew how to make a quick buck. Literally, as […]

You might not know that SchiffGold maintained an independent Gold Scams blog for many years to keep investors informed of the latest tricks and traps in the industry. The site had become a popular resource for learning about the latest gold scams, as well as how to safely purchase precious metals. The Gold Scams community on Facebook has almost 15K members and continues to grow.
Now, in our effort to create a one-stop shop for gold investors, we merged the Gold Scams blog into a new Gold Scams Exposed section of Peter Schiff's Gold News. Bookmark this page to stay on top of:

Last week, President Obama announced a plan to provide “free” community college to American students. Democrats in particular rejoiced at the proposal, revealing just how limited mainstream economic literacy really is. Austrian economists like Peter Schiff know that nothing is really free.
Indeed, Obama’s plan would cost the federal government at least $60 billion. That’s $60 billion that would be passed on to American consumers one way or another by adding it to the already unsupportable $18 trillion US public debt. However, beyond the headline price tag, a “free” community college program would add a layer of government manipulation to a higher education market that is already floundering.
Famed investor Mark Cuban explained last year why he sees the student loan industry as another major bubble that will inevitably burst:

How convenient that ISIS has hacked the US CENTCOM Twitter & Youtube accounts, releasing China and North Korea conflict scenarios among other sensitive things...DURING Obama's cybersecurity talk! Surely a tragic […]

Though gold was only down a little more than 1% in 2014, the drain of the GLD, which began in 2013, continued in earnest. In the end, what matters is […]

Today's lower prices will kill the shale ‘miracle'.  For years, we've been warning that the economics of the US ‘shale revolution' were suspect. Namely, that they've only been made possible by the […]

We recently had the “not necessarily” storm of the century in San Francisco.   The following day, I went to the local gas station to top off the fuel for […]

The ability of the world to ditch the dollar will be a major, major change in world economic balance

With reports of 0.6 metric tonnes of gold sold in a day at a single Beijing shopping mall, the Chinese New Year gold buying frenzy has begun...

To the average person in the West, the notion that our own governments have a long history of running "false flag" operations in an attempt to terrorize us would seem […]

The geo-political map is set to change. Is the world ready?

Friday,  we had a HUGE addition in tonnage at the GLD to the tune of 2.99 tonnes of gold, raising  inventory to 707.82 tonnes. In silver, a huge addition of 1.437 […]

The firmly entrenched bearish opinions in recent months for the outlook for gold and silver have backed off from recent extremes. There is confusion in dealers' minds, brought about by […]

The gold miners have seen impressive investor interest in their beaten-down stocks in this young new year, with capital inflows fueling a sharp rally.  And this buying is likely just […]

The End Game is underway and in progress.  People had better prepare themselves for some conclusion events, certain to occur with fireworks. The USDollar is soon to go away, put to […]

Gold and derivatives expert Rob Kirby thinks crashing oil prices are going to lead to a 2008 style financial meltdown.  This is not a maybe–A MARKET EXPLOSION IS GOING TO […]

"When the year is done, there will be minus signs in front of returns for many asset classes. The good times are over."  -Bill Gross, Founder & former CEO, PIMCO […]

In his first interview of 2015, Hat Trick Letter Jim Willie breaks down the emerging global currency war, discusses the Tower of Bubble & the coming derivatives collapse, and explains […]

CNBC spoke with Chicago Fed President Charles Evans this morning about the Federal Reserve’s schedule for raising interest rates above zero percent. While Evans confirmed the official narrative that the United States economy is getting better and better, he still doesn’t think the Fed will raise rates until 2016. Even the CNBC anchors seem to be waking up to the obvious doublespeak of these government officials, asking the same question Peter Schiff has posed for months: “If the economy is so strong, why can’t it support rate hikes?”
Here’s what Evans had to say about the seemingly improving job markets:
Employment growth has been very good for quite a long time now, and that has been a very important criteria for us to judge success… We’ve seen [substantial improvement in the labor market outlook]… Good, good progress… That’s good. Economic activity seems to be strong, so I’m pretty confident about the outlook…”

From Greg Hunter, USAWatchdog: If the oil sector unraveled, as it is doing now, what would happen to gold and silver prices?  David Morgan of Silver-Investor.com thinks, “Gold, I am […]