Precious metals news

Today, let us be thankful that the following has not occurred...YET.  A young lady waking up one morning, pouring herself a steaming cup of coffee, and stretching as she walks over to […]

Are you in better shape financially than you were last Thanksgiving?  If so, you should consider yourself to be very fortunate because most Americans are not.  As you chow down […]

In this interview with Finance and Liberty, Golden Jackass editor Jim Willie discusses: U.S. Mint SOLD OUT of Silver Eagles- is this the first sign of a massive physical shortage […]

Gold’s performance this past week vs. the yen was impressive to say the least. Japan turned on the printing press and Gold broke out to new 1.5 year high relative […]

This week's COT report in gold reveals that the large speculators (non-commercials) having their shorts ripped off them as they flee their positions in fear (or stops were tripped by […]

Unlike Marty & Doc, we are never going back...

You know you want to...

Switzerland will vote on the “Save Our Swiss Gold” initiative this Sunday, and the news is reminding everyone just why the financial world is watching so closely. USA Today and the Wall Street Journal can give you a good summary of how the Swiss gold initiative would affect the policies of the Swiss National Bank (SNB). The Guardian explains why a “yes” vote on the initiative would be extremely bullish for gold in this article published yesterday:
Its supporters come from the populist right-wing Swiss People’s party (SVP), which says in its mission statement: ‘Most Swiss don’t even know that part of the nation’s gold is stored abroad and that the SNB has already sold over half of the gold reserves.'

Lawmakers are considering a bill that would shut off the water spigot to the massive data center operated by the National Security Agency in Bluffdale, Utah. The legislation, proposed by […]

The reclusive CEO of the largest gold miner in the world stopped by for an EXCLUSIVE interview on the latest conditions in the PHYSICAL gold market...

Just a few years ago, China received very little gold from Australia.  However, since 2011, a trickle has now turned into a torrent:

Apparently, the level of ill-gotten funds flowing into U.S. real estate still hasn’t reached the level desired by policy makers. As such, China and the U.S. have extended the terms of […]

For any market to continue to rally in a technically overbought situation like gold is entering into now, it needs a catalyst to do so. Is there such a catalyst […]

What a surprise!!  The cartel attacked and knocked gold under $1200 on options expiration. Remember that options expiry  for COMEX is over today but we still have options expiry for the […]

As the world waits to see if the Swiss people will force the Swiss National Bank to re-embrace gold on November 30th, there’s another major country that has been buying gold without any pressure from its populace – Russia. We’ve reported on Russia’s currency wars against the West (here, here, and here), but exactly how does gold fit into Putin’s economic strategy? John Butler has published an article at David Stockman’s Contra Corner blog that thoroughly explores the history of the international currency wars and Russia’s role in them.
Like many analysts, Butler recognizes Putin as an extremely shrewd politician and economic rival. More importantly, Butler explains why Western sanctions on Russia might force Putin to play his trump card – physical gold holdings. According to Butler, “at current market prices, Russia’s gold reserves would back a whopping 27% of the narrow rouble money supply”. What would it mean for the world if Russia – one of the largest exporters of oil – star...

A couple weeks ago, Peter Schiff recorded a video appealing directly to Swiss voters to pass their gold referendum on November 30th. You can watch it here. Now, Peter has released a written commentary in the days leading up to the referendum to remind both the Swiss and the rest of the world how important this vote is.
For most of my career in international investing, I had always placed a great deal of faith in Switzerland's financial markets. In recent years, however, as the Swiss government has sought to hitch its wagon to the flailing euro currency and kowtow increasingly to U.S.-based financial requirements, this faith has been shaken.

He who owns the gold rules. That has been the clichéd “wisdom” for some time.  However it appears Russia has become the Rodney Dangerfield of the Golden Rule, for it […]

During the American Civil War, a large part of the Union’s strategy was to cut off the South from its food sources, and burn to the ground every acre of […]

Are you waiting for the next major wave of the global economic collapse to strike?  Well, you might want to start paying attention again.  Three of the ten largest economies […]