Precious metals news

It turns out the Swiss referendum last weekend which sought to force the Swiss National Bank to maintain 20% gold reserves was a red herring so far as precious metal […]

History may not repeat but it sure does rhyme. Mike Maloney has studied monetary & financial breakdowns throughout history & concludes that there's nothing new or different happening this time, except its global & far more massive than any other time in history.

Investors are getting mixed Messages about whether we are facing an Inflationary or Deflationary Future. Answering that question correctly is important both to profitability and protecting wealth. Major Bankers and […]

In this MUST LISTEN interview with Hat Trick Letter Editor Jim Willie, the Golden Jackass discusses whether the oil price is intentionally being moved lower by the US government and Wall St […]

Here comes the global run on gold...

In the "new normal", the role of gold involves a complex web of interactions between Japanese equities, repo financing, BoJ monetary policy meetings and anomalies in the silver market. And you […]

The national debt of the United States officially surpassed $18 trillion this past week. The news has been making the rounds of every media outlet, with many economists reminding us of the very shaky footing of the US economy. However, there are other analysts who play down this outrageously irresponsible amount of debt.
In his latest in-depth commentary, David Stockman explains the larger narrative of US fiscal policy that delivered this growing debt load. Stockman should know something about the topic. He was Director of the Office of Management and Budget under Reagan back in the early 1980’s, which is when US debt passed $1 trillion for the first time.
Think about that – it took more than 200 years for US debt to reach $1 trillion. But as Stockman points out, the last $1 trillion of debt accumulated in about 1 year.

China has officially surpassed the United States as the largest economy in the world, based upon economic output as measured by the International Monetary Fund. China’s production of real goods and services will touch about $17.6 trillion this year, while the US will produce $17.4 trillion.
This gap will continue to grow, according to the IMF. By 2019, China is projected to produce about $26.8 trillion, while the US will produce about $22.1 trillion. That translates to a growth rate of more than 52% in the next five years for China, while the rate of US economic growth will be nearly half of that – just 27%.
An article on MarketWatch explores this news in more detail, and touches on the profound implications of this trend. :
Yes, all statistics are open to various quibbles. It is perfectly possible China’s latest numbers overstate output — or understate them. That may also be true of U.S. GDP figures. But the IMF data are the best we have.
Make no mistake: This is a ...

The cartel algos aren't the only thing currently attacking gold and silver...

While the Shakespearean reference, from As You Like It, compares the world to the seven ages of man, it can also be applied to the way in which the Rothschild formula […]

Comparing Apples to Ounces: In this week’s Clarion Call, we take a look at the market cap of Apple Computer, then compare it to the nominal GDP’s of several nations, and are left […]

On Sunday morning I felt in my gut, that this just wasn’t over.  I still don’t think it’s over! Watching the silver and gold charts open back up,  I knew it […]

Gold straddled the 1206 dollar mark at midnight as the bankers were adamant to suppress the price having sent the signal to the boys earlier via  silver yesterday. By 3 […]

Peter Schiff was on RT’s Boom Bust to talk about the latest jobs figures, the price of oil, the Swiss gold initiative, and the many uses of physical gold.

More than three years ago, a jury found Bernard von Nothaus guilty for “making, possessing and selling his own coins,” which Nothaus had dubbed the Liberty Dollar. This week, a judge has passed a very lenient sentence on Nothaus despite pleas for a long prison term from the prosecution. More importantly, the judge ruled that the $7 million worth of confiscated silver be returned to Nothaus.
Nothaus was selling silver bullion coins that the government claims too closely resembled American silver coins. Therefore, Nothaus was a counterfeiter in the eyes of the government. The prosecuting attorney even went so far as to claim that Nothaus was attempting to “undermine the legitimate currency of this country,” and that this was “a unique form of domestic terrorism.”
Here’s a picture of the coin – anyone familiar with US Mint silver coinage can clearly see that the Liberty Dollar is different.
The truth is that Nothaus simply wanted to get physical silver into the hands of Ame...

Negative GOFO rates don’t lie, and that’s why the LBMA is getting rid of public reporting of GOFO next year. Negative GOFO rates are at historic levels.  

The Wealth Watchman took time to stop by the SGTReport and compare thoughts on the ongoing lunacy of the globalist elites. While sadly, the Swiss people’s original inclinations(to bring their gold home) […]

At the apex of the current debt enslavement system is the Federal Reserve...

In 2013 when the paper price of silver dropped off the proverbial cliff from $32 in February to under $20 by June, Indian silver demand increased dramatically. Not only was […]

The  Central Bank printed money and debt-fueled mirage is hitting the wall now.   The oil shale debt explosion will set off a much bigger derivatives-laced credit collapse. While it’s […]