Precious metals news

We’re not there yet.   The gold price hasn’t been low enough yet for there to be a real cleanse.   The landscape is still littered with the ‘walking dead’ […]

What if you could make  £3.6 selling bonds at a 6% rate for a country which does not exist? 

Given the short time involved, it is clear that there is a major change happening in cross-border trade hardly noticed by financial commentators.   But this is not all: sanctions […]

In the wake of a MONSTROUS sales spike with silver's dip to $14, Silver American Eagles sales have soared above 43 million oz in 2014, a new all-time annual sales […]

The prevailing valuations in the lofty US stock markets are increasingly becoming a bone of contention. Wall Street calmly asserts stocks are fairly valued or even cheap, since it has […]

Gold was the safe haven this week. This week precious metals continued their recovery, with gold up $35 at $1220 and silver up about $1 at $17 Friday morning, thus building […]

The numbers are in from the latest COT report, and it reveals those large specs that have been short in silver covered a monstrous 5425 contracts:

With PM's rallying while oil & equities crash, in this week's Metals & Markets The Doc & Eric Dubin discuss: Repatriation Musical Chairs continues: Austria considering repatriating 225 tons of […]

In spite of the government’s ongoing narrative of a US economic recovery, major news outlets continue to remind us that life isn’t getting easier for most Americans. The Wall Street Journal recently published a lengthy expose on the rising cost of basic necessities. This chart shows how much more middle-class American households are spending thanks to 12.4% inflation since 2007.

Jim Rickards believes the United States is in a depression and has been for years. Rickards explains that economists ignore this reality, because there is no precise mathematical definition of a depression. This allows them to point to statistics like the growing GDP and improving jobs numbers as proof of an economic recovery.
However, Rickards points out that no American investor today has actually lived through a depression, so their conception of it is completely off-base.

It’s overhead and landing...

It seems rather appropriate that just seven days after the US government hit a whopping $18 trillion in debt, mainstream financial media has picked up the IMF’s recent World Economic […]

If the United States and Russia fought a nuclear war, who would win?  You might be surprised by the answer.  Under the Obama administration, the rapidly aging U.S. strategic nuclear […]

The last silver parabola was breathtaking, as it went to nearly $50, nearly 150% higher than its previous peak of $21.50, in 2008. Now ask yourself this question: what if that pattern simply […]

There's nowhere to hide (except in hard assets)

The US dollar will soon purchase much less than it currently does.   The devaluation process that has reduced its purchasing power since 1913, every year on average, will continue. The local […]

It all boils down to counter-party risk.  When the counterparty cannot demonstrate that they can be trusted…we have problem. A prudent actuarial look at the entire world would force the […]

The bankers certainly wanted gold & silver under suppression today. Let’s head immediately to see the major data points for today:

Ben Swann and Peter Schiff discussed the news of China surpassing the United States as the world’s largest economy. Peter explained why it’s only a matter of time before China and many other countries jettison the dollar as the world’s reserve currency. When that day comes, the US is in for a rude awakening.
Peter hopes that crisis will inspire Americans to re-embrace their free market roots and return to a sound currency backed by gold.

Last month, Kitco News interviewed renowned New York Times Bestselling author Robert Ringer. They began by discussing the current political direction of America, but moved on to the collapse of the dollar. While Ringer will not put a timeline on the collapse of America’s currency, he is certain that it will fall apart.
What will that collapse look like? Again, Ringer wouldn't say, but he does have just one piece of advice for everyone: buy gold. Buy physical gold. In fact, he is even more aggressive in his recommended allocation than our Chairman Peter Schiff. Ringer believes 50% of the average investor's portfolio should be in gold!