Precious metals news

As the increasingly volatile stock markets bounced back higher today,  JP Morgan experienced one of the largest withdrawals of gold from its inventories this year.  In just one day, a stunning […]

Gold & silver were whacked again today, while JPMorgan saw a MASSIVE decline in gold inventory.  Let's head immediately to see the major data points for today:

Independent financial journalist Lars Schall interviewed Keith Barron, an exploration geologist and mining entrepreneur with 30 years experience in the industry. Barron believes we've seen "peak gold," which is the point when overall world gold production begins to decline.
Barron emphasizes what a hard time it is for mining companies, but also stresses how dependent the gold price is on paper gold investments. He reasons that this will change, and physical gold will return to power in the coming years when the world realizes that there is more physical gold promised to ETF investors than actually exists. What to do? Buy physical gold and silver now, before it shoots up to $5000 or higher. Enjoy the interview, with a partial transcription below.

 Yes it’s official, Wall Street has become a literal parody of itself.

Just in case you need another reason to dislike the thieving Federal Reserve...

“GOLD HAS NO USEFUL PURPOSE TO SERVE IN THE POCKETS OF THE PEOPLE”—Pilgrims Society member Alan Sproul, president of Federal Reserve Bank of New York, addressing the anti-precious metals American […]

The Fed will continue to be the buyer of last resort until the population and culture wake up to "bank holidays, runs and/or "bail ins". Grandma Yellen won't let you […]

History shows that all fiat paper currency systems fail.  Will this time around be any different? 

Today, we had a huge withdrawal in inventory at the GLD. of 2.1 tonnes. On the 22nd the LBMA stated that they will no longer publish GOFO rates. It looks to me […]

Rule Number 1 of Oligarch Club:  Always make sure you sell to the muppets before the music stops. Here we go again.

Last month we reminded you of the upcoming “Save Our Swiss Gold” initiative in Switzerland. This is a direct democracy vote in Switzerland that, if passed, would force the Swiss government to amend its constitution with respect to the way the Swiss National Bank (SNB) operates. These are the major points:

Switzerland used to be the first country that came to mind when it came to stable currencies and gold holdings. But things have really gone down hill since the turn of the millennium, as you can see in the chart below. It shows the dramatic amount of gold the SNB has sold off since 2000 – well over half of its holdings.

The dollar institution is much larger than the Fed, the Treasury or the entire basket of FOREX that derives relative values of backless currencies. The silver price is a fulcrum […]

According to the financial media, the global economy is supposedly rolling over causing a glut of inventories producing a deflation in the prices of many commodities.  If this is the case… […]

PM Fund Manager Dave Kranzler  stopped by to weigh in on the ebola outbreak. We discuss the possibility of ebola being an October surprise, the reality of the number of deaths […]

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The market gods have handed us yet another opportunity to make money off of stupidity and greed.

The economic numbers today confirm my view that the economy hit a wall this summer. The 10yr hit 1.89.  Oil is plunging again – from lack of demand. These numbers […]

Everything that happens now is happening for a reason. The people behind the scenes who are controlling our Government have implemented this incredible Ebola scare for a reason.

Wealth in the stock market that is “here to stay”, is generated by buying business cycle troughs, not peaks. While most bank economists and gold community analysts predicted a Fed […]

Another 9 tonnes of gold was removed from the GLD trust yesterday.  This takes the “reported” amount down to 751 tonnes. The last time the reported amount of gold in the trust […]