Precious metals news

Last week, Peter Schiff defended the intrinsic value of gold by briefly explaining how many uses it has beyond bullion investment. Many people have no idea how integral gold is to products they rely upon every day, not to mention exciting technologies of the future.
People who argue that gold is becoming less useful in the modern world simply don’t understand the basic fact that the applications of gold are expanding every year, not shrinking. Either that, or they expect the human race to abruptly curtail its exploration of space, stop making high-end electronics, and find a more stable element for use in medicine. On top of that, gold detractors must assume that the age-old association of gold with prestige, success, and wealth is going to suddenly vanish from the earth.
So what makes gold so valuable outside of its monetary value?

Gold’s been on an incredible roller-coaster ride over the past couple months, whipsawing like crazy. And contrary to popular rationalizations, these swings had absolutely nothing to do with fundamentals. Their […]

Thanksgiving weekend (4 days Thurs – Sun) retail sales – both brick/mortar and online – collapsed 11% vs. 2013. Experian reported that there was a 27% jump in auto loan […]

An increasing number of borrowers are falling behind on their car payments, even as the total amount of outstanding debt reaches new heights, according to the latest report by Experian, the […]

The Fed may be able to fool some of the people all of the time and all of the people some of the time, but worst of all they are […]

You don’t HAVE to be invested in the market.   Sometimes the best investment you make is the investment you don’t make. The challenge is, of course, that if you’re […]

Another Conspiracy Theory Becomes Conspiracy Fact.  Well, well!  Once again, all the “tin-foil” hat-wearing folks are looking like the smartest guys in the room, as an intriguing secret this week is […]

In this interview from Mines & Money in London, Bo Polny breaks down the current terribly negative sentiment, and discusses whether the November 6th drop in gold to $1130 was the […]

All GOFO rates moved closer to the positive and out of backwardation today- the bankers must have found a few bars to lease.  On the 22nd of September the LBMA […]

In his latest video blog post, Peter Schiff dissects the latest jobs numbers. While the media paints a rosy picture of the economy with the employment numbers, Peter takes a look at the economic data that everyone seems to ignore.

Peter Schiff appeared on Fox Business last Friday alongside some other analysts. While the panel agreed with Peter that the Federal Reserve needs to raise interest rates, they don’t think that Janet Yellen actually will. However, they disagreed with Peter's long-term investment strategy for gold, and preferred to ignore the possibility of a bubble in the equities markets to make a short-term profit on stocks.

Alasdair Macleod makes The Case for Silver...

With all the third-quarter results finally out, the top primary silver miners as a group lost money producing silver at $19 an ounce.  This is not good news as the […]

BrotherJohnF is back in his latest public Silver Update: Dystopian Prophecies

Wall Street lobbyists are trying to secure taxpayer backing for many derivatives trades as part of budget talks to avert a government shutdown. You simply can’t make this stuff up. 

Silver's open interest is roughly 175,000 contracts, which is about 875,000,000 ounces of paper silver. At market price that is about $13 Billion, or only about 15% of what the Fed […]

In a surprising update, there were two large gold withdrawals from the Comex on Friday. Not only were these large withdrawals, they came from Brinks and Scotia Mocatta’s Registered inventories. […]

Not all forms of silver are equal...

On Friday gold dropped -13.40 to 1192.60 on moderate volume, while silver dropped -0.20 to 16.28 on light volume. PMs took a hit at 0830 EST at the time of […]