Precious metals news

This post was submitted by Erik Oswald, SchiffGold Precious Metals Specialist.
While financial commentators continue to bash gold as an asset that produces nothing and should be left to the pages of history, the real story of the gold market is found at the macro economic and fundamental level. Central banks the world over have been net buyers of physical gold since 2011. On top of this, many sovereign nations have been requesting and taking delivery of their gold holdings from the New York Federal Reserve and London, where a majority of central banks’ gold holdings are stored.
Major news hit today on this front. The Netherlands has become the most recent Western European nation to take delivery of their physical holdings from the NY Fed. The Dutch central bank located in Amsterdam has increased its domestic holdings of physical bullion from 11% of total gold reserves to 31%. The official domestic Dutch gold horde has increased from about 67 tons to nearly 190. While this nu...

Something BIG changed after the collapse of the U.S. Investment and Housing Markets as a huge crack in the Fiat Monetary System took place.  After the world nearly disintegrated under […]

Pepsi, IKEA, FedEx and 340 other international companies have secured secret deals from Luxembourg, allowing many of them to slash their global tax bills while maintaining little presence in the […]

In a move that is much more significant and relevant than the Chinese interest rate cut news, it was revealed that Netherland’s Central Bank repatriated 120 tonnes of gold this […]

Until there is a clear break of elite’s central banking dominance over the gold and silver markets, there will be no dramatic recovery reflective of where the true price for both metals […]

The price of oil (West Texas) dropped nearly $3 and hit it’s lowest level since the 2nd half of 2010.  It’s dropped 31% since July.  The explanations being promoted by […]

The Japanese yen is now collapsing. If the yen goes “super-nova” – i.e. collapses  - it could bring down the U.S.   The U.S. QE/Keynesian Ponzi scheme relies on Japan […]

The Netherlands has repatriated about 130 tonnes of their gold reserves, according to a press release published by the central bank. The gold was repatriated from the vaults of the Federal Reserve in […]

For a glimpse of the destructive nature of fiat currencies, lets take a look at the salaries of the brilliant Mozart & Beethoven... in gold.

Gregory Mannarino joins Reluctant Preppers to expose the disturbing truth of our financial system’s design based not on building wealth creation for citizens, but based on making us debtors. Mannarino spells […]

Tomorrow should be interesting: Will we see our 3rd Friday positive outside day reversal as the bankers defend their 1200 dollar gold turf and $16.30 for silver?

On Halloween, Oct. 31st when Zombies knocked the price of silver down 4%, the U.S Mint sold 1,425,000 Silver Eagles that day.   After the weekend, Silver Eagle sales on Monday, […]

Going into the London close Wednesday, precious metals were raided. But then, a funny thing happened...

While interviewing William Rhind of World Gold Trust Services, CNBC asked him why central banks around the world are buying so much gold. Speaking about Russia's massive purchases this year, one host asked, “How long can you use gold to prop up your currency, ultimately?” Rhind politely set her straight that gold is not an asset used to simply “prop up” currencies. If he’d had more time, he might have pointed out how much value the US dollar has lost since it has been off the gold standard.
Due in part to central bank buying, Rhind believes that the global gold supply is returning to deficit. He predicts that 2014 might turn out to be the second highest year of gold demand on record.

Greg Hunter of USAWatchdog interviewed Peter Schiff last week about the new highs in the stock market and what the positive financial news really portends for the United States economy. Peter also shares his thoughts about a bottom in the gold price.

Of Mints and of Mines This week’s Clarion Call takes a closer look under the hood at the U.S. Mint, at both the number of coins being released soon, and […]

Are you a silver stacker?   The figure below on silver demonstrates just how UNBELIEVABLY VULNERABLE the cartel banskters' jugular is currently: 

As Hilary Clinton starts to ponder the curtains she wants to hang in the Oval Office, there is only one person who can realistically stand in her way: Rand Paul.

In the chart below we simply measured the percentage drop of the current silver correction and compared it to the extreme drop back in 2008. Based on this chart it […]

Mass delusion is an incredibly powerful force. In the West today, we see mass delusions everywhere. People seem to believe their governments are almighty beings capable of performing magic—water into wine, […]