Precious metals news

Peter Schiff appeared on CNBC's Futures Now this afternoon to defend his record on gold. Things got heated, because it seems the stock traders can't wrap their heads around the strategy of holding physical gold and silver bullion as a long-term hedge against inflation in a well-diversified portfolio. Instead, they're intent on blasting Peter for not being able to exactly predict when the precious metal will reach new highs.
Of course, Peter is basing his predictions on a fundamental analysis of the American economy and not on short-term technical indicators. Investors who buy gold for a quick profit don't understand the reason for holding gold in the first place. At the end, Peter tries to point out that history is going to repeat itself – just as the traders missed the 2007 financial crisis, they're going to be blindsided by the next crash. Enjoy a full transcript of Peter's responses below the video.

If you are in the tri-state area this Saturday, please join us at the 3 West Club in Manhattan for an afternoon of discourse on free markets, the role of government, and everybody’s favorite precious metal – gold.
Precious Metals Specialists Erik Oswald and Dickson Buchanan will be in attendance. This is your chance to meet your gold broker in person, while enjoying a fun and educational evening.
Doctors Keith Weiner and Andrew Bernstein are the keynote speakers of the conference and will discuss a variety of topics, including:
Please register online, as tickets will be more expensive if you pay at the door.
We look forward to seeing you there.

In his latest podcast, Peter Schiff takes a look at the most recent earnings reports from Wall Street. Why are McDonald’s, Coca-Cola, and Amazon’s earnings so far off from expectations? If the economy is getting better, surely these companies – companies that are dependent on the prosperity of everyday Americans – would also be experiencing decent profits. Right? Think again. Peter Schiff explains what corporate America can tell us about the real condition of the United States economy.

Jeff Deist, President of the Mises Institute, interviewed Patrick Barron, a private consultant to the banking industry. In this not-to-be-missed conversation, Barron explains exactly how the United States dollar became the world’s “reserve currency,” allowing America to become a “monetary imperialist.” According to Austrian economist Hans Hoppe, a monetary imperialist is a dominant country that uses its power to enforce a policy of internationally coordinated inflation. However, the countries and corporations of the world are getting sick of US imperialism, and Barron is certain that the wheels are already in motion to abandon the US dollar.
This is part one of a two-part interview that covers the following topics:
Enjoy a partial transcript of the interview’s highlights below the video.

Western Bankers vs. Eastern Alliance We’ve already taken a close look at the battle lines being drawn between East and West, between NATO and the SCO, between D.C/Brussels and the […]

Thanks to the Federal Reserve, the middle class is slowly being suffocated by rising food prices. Perhaps you have also noticed that food prices have gotten pretty crazy lately.  In […]

Spoiler alert: I think interest rates will keep falling to zero, though of course there can be corrections. The interest rate is pathological. It’s like an object that gets too […]

This morning some of the biggest financial news of the year made huge waves all over Asia. Yet in the Western press, this hugely important information has barely even been […]

When it comes to how the U.S. economy of fraud functions in 2014, the following article has it all. A government official, a global investment bank and a businessman/politician, all […]

German astronomer and mathematician Friedrich Bessel managed to successfully measure the distance from Earth to a star other than our sun in the 19th century. But he realized that his measurements […]

Anyone who has been following Edward Snowden’s heroic whistle-blowing, and the reporting of Glenn Greenwald on the classified documents that prove egregious violations of the United States Constitution by the NSA, will […]

In what was an extraordinary first salvo in the head-to-head gold referendum battle that will take place in Switzerland over the next five weeks, yesterday witnessed the launch of both […]

 "The California Highway Patrol officer accused of stealing nude photos from a DUI suspect’s phone told investigators that he and his fellow officers have been trading such images for years, in […]

Tomorrow is options expiry on the comex and on Friday we have options on the OTC contracts for both silver and gold.  Thus expect both of our precious metals to […]

BRICS Rising There can be no doubt that an alliance, called the BRICS, is positioning itself to be the new anti-globalist, anti-Western central banking force in the world. In fact, there are well-respected voices within […]

On Friday, we gave you an update on silver investment demand. While it’s a leading factor in the silver price, investment demand is just one side of the silver picture. More than half of global silver demand comes from the industrial sector, and the deficit of silver supplies keeps getting larger. 2013 saw the largest deficit in physical silver since 2008 – more than 113 million ounces of silver. In fact, silver supplies have been in deficit for a decade.
Silver is used in modern medicine for its anti-bacterial properties. It’s also essential to the production of ethylene oxide, which is used to create polyester fibers – a growing industry as emerging markets continue to pull their populations out of poverty. Solar power is also a major industry for silver, but we'll get to that in a moment.

We can’t speak about the manipulation of the gold price today without understanding the derivatives market. These products have never been tested in the real world and especially in adverse […]

Battered silver remains deeply out of favor, recently plumbing miserable new lows after drifting sideways for most of 2014. This metal’s relentless and oppressive weakness continues to break the wills […]

The sickening transformation of these United States into an authoritarian police state with an incarceration rate that would make Joseph Stalin blush, has long been a key theme here. As […]