Precious metals news

Before the Dutch lost the reserve currency status to the French, the royals teamed up (read inter-married) with the English crown.   Who then took it over from the French, when […]

It's all about Russia. Some of the more recent issues have dealt with the crashing Ruble and how this is happening. Fund Manager Dave Kranzler makes the case that it […]

Withdrawals from the Shanghai Gold Exchange (SGE) came in very strong in week 51 at 61 tonnes, year to date the counter has reached 2016 tonnes!

Do you want to know if the stock market is going to crash next year?  Just keep an eye on junk bonds.  Prior to the horrific collapse of stocks in […]

Yesterday we received news that the FRBNY withdrew 47 tonnes of gold, of which 3 tonnes went to Holland and the remainder, most likely, was Germany. We will probably have […]

While few are as blunt as Peter Schiff in warning of another bubble in real estate, mainstream analysts are starting to worry that the US housing market isn’t as strong as many believe. Peter warns that rising home prices are a product of extremely low interest rates suppressed by the Federal Reserve. Robert Shiller, Nobel Laureate economist, seems to agree in a recent interview on CNBC:
There’s also the worry that the very low interest rates that we’ve had, with the 10-year just above 2%. That has also been driving this [housing] market. That is fragile… I’m not calling a turning point yet, but I feel a little bit of anxiety about the market.”
Shiller plays it cool, but admits that he thinks the market is looking like a bubble in San Francisco and possibly Miami:

China and Russia have effectively switched to domestic currencies in trading using financial tools as swaps and forwards, as they seek to reduce the influence of the US dollar and […]

Should the federal government be spending billions of dollars to pump up Wal-Mart’s profits?   The question sounds bizarre, but unfortunately this is essentially what is happening.  Because Wal-Mart does not pay […]

Over 60 percent of Americans derive most of their monthly income from Social Security. That is enormous. This is something that is not going to go away but will place additional burdens on those working.

As the year 2014 ends and 2015 begins, gold is postured quite bullishly, from both a fundamental and technical standpoint. China officially imported almost 100 tons of gold in November, […]

In January 1933 Albert Einstein was visiting the US under a research grant from Princeton University. Meanwhile back home in Germany Adolf Hitler had just become elected chancellor and started […]

Amazingly, retail investors purchased 84 Silver Eagles in 2014 for every ounce of Gold Eagles. It will be interesting to see how 2015 unfolds. With all the geopolitical, financial and […]

Well, so much for the lie that Russia was selling gold to raise capital...

The big news today came from the FRBNY where we witness $64 million dollars worth of gold leave the bank (and New York shores) to repatriate the last amount owed […]

This country is nothing but a corpse with a pulse – dead man walking – and the endgame is going to be painful for just about everyone.

Peter Schiff appeared on Fox Business to explain why the bursting of the oil sector bubble could be the first of many collapsing bubbles that will push the United States economy back into recession.

We were surprised to see mainstream stock speculators actually recommending gold as a good buy last week. On Friday, stock traders on CNBC argued the bull and bear case for the yellow metal, and the bull won. He touched on two of the key fundamentals supporting gold: the ongoing international currency war and huge physical demand for gold.
Of course, none of these traders pointed out that the US dollar's days are numbered thanks to the Federal Reserve's policies. Perhaps that's the black swan the bear doesn't see coming.

We are now engaged in a cyber war with North Korea and an economic war with Russia.   Our Internet infrastructure is extremely vulnerable, our debt-based economic system is already […]

With imports in the first ten months totalling a massive 169 Moz many vaults in the UK, traditionally the largest supplier to India, have seen significant drawdowns, leading to more […]