Precious metals news

The bankers came to work early yesterday in the access market knocking both metals down. However throughout the night, gold rose nicely and then at 12 noon today, something spooked […]

Renowned author and investor Jim Rogers appeared on RT yesterday to share his thoughts about the end of the US dollar as the world’s reserve currency. In this short interview, he suggests that the Chinese renminbi might fill the void left by the dollar. This prediction shouldn’t be much of a surprise to our readers, as we’ve been following the ever-growing gap between the East and West. The big takeaway is this: Rogers is certain that by the end of this decade, the world will be well on its way to completely abandoning the dollar as a reserve currency.
The US thinks that they’re in charge and they don’t have to worry about anything. No, I hate to say it – I’m an American citizen – but you know, there’s a lot of arrogance still in the United States. Especially about the dollar."

This post was submitted by Erik Oswald, SchiffGold Precious Metals Specialist.
Russia and China have signed a gas deal that would side-step Western markets. This agreement is just the latest development as the two countries continue to cement ties and diversify their holdings away from the United States. Reaching this agreement further removes the Chinese from dependence on oil purchased from OPEC and thereby puts another nail in the coffin for the petrodollar standard. Not only that, but its announcement comes just days after Mikhail Gorbachev warned that the world is nearing another Cold War.

The parallels between the false prosperity of 2007 and the false prosperity of 2014 are rather striking. If we go back and look at the numbers in the fall of […]

The amount of leverage in the U.S. Dollar fiat currency system reached an all time high in 2013.  Even though the growth in total U.S. currency more than doubled since […]

I believe what is coming is far bigger than a mere significant economic collapse. I believe the coming financial collapse will be a worldwide economic collapse, and the institution of a one […]

It’s happening. With increasing speed and frequency. The People’s Bank of China and the Canadian Prime Minister’s office issued a statement on Saturday stating that Canada will establish North America’s […]

When considering Precious Metals, fundamentals do not apply, and that is key to understanding how to relate your holdings of physical and/or interest in gold and silver. Nothing else matters. Precious […]

Gold and silver had a terrible day today.   As I warned you on Friday, “Monday is a critical day.  Rarely do they ever let gold rise in a follow […]

Last week, an analyst for Bank of America predicted that gold could rise to $1,350 if Switzerland passed the "Save Our Swiss Gold" initiative at the end of November. That's almost 17% higher than today's gold price. The media is not just watching the price of gold in the weeks leading up to the Swiss Gold Initiative – the value of the Swiss franc in relation to the euro has also been closely eyed. Unfortunately, as you can see in this article from Bloomberg, the financial media generally makes it sound like the Swiss Gold Initiative would be terrible for the franc.
However, the Swiss Gold Initiative is more than just a referendum on returning to sound money policies in Switzerland.

A couple weeks ago, we reported on Alan Greenspan's prediction that the price of gold would rise. He said this at the New Orleans Investment Conference. In an interview at the Council on Foreign Relations (CFR) the next week, Greenspan commented even more on gold, though the CFR did not publish his thoughts in the official transcript. Most notably, Greenspan explains what so-called "gold bugs" have been telling the skeptical financial media for years:
Gold is a currency. It is still by all evidences the premier currency, where no fiat currency, including the dollar, can match it... Intrinsic currencies, like gold and silver for example, are acceptable without a third party guarantee..."

SD Metals & Markets' Eric Dubin joins The Daily Coin's Rory Hall for an in-depth interview discussing the latest PM takedown and the possibility a long anticipated COMEX default is […]

The record high investment demand of silver and gold, coupled with monstrous central bank purchases, is putting the hurt on the “just in time” precious metal-delivery system the bullion banks have […]

Miguel de Cervantes’ novel Don Quixote is brilliantly entertaining.  But the modern-day monetary equivalent is not so much. Central bankers today have an equally delusional view of the world.   […]

Historically, the progress of civilization has been based on one simple rule: produce more than you consume. This is the foundation of civilization. Today we turned that completely upside-down.  The ‘rich’ […]

When Dr. Alan Greenspan became chairman of the Federal Reserve, he moved from the world of rhetorical economics to the world of action. His most recent memoir, "The Map and […]

UBS has reportedly agreed Sunday to settle charges that it engaged in manipulation of the gold & silver markets.  Was Friday's $40 move higher in gold driven by insiders - […]

GLD loses 5.68 tonnes of gold inventory/Silver inventory remains constant/huge rise in gold and silver today.  Gold $1177.00 wow!! something big is going on behind the scenes!! It looks like […]

T. Ferguson joins The Doc & Eric Dubin for a Special Market Alert edition for this week's Metals & Markets, discussing:  US Mint caught completely off guard by EPIC physical […]