Precious metals news

We're not entirely positive if this is a photo of Kim Jong Un , or the latest Got Insurance? Obamacare advertisement, but regardless it should suffice for today's Caption Contest […]

It’s high time to create a new industry trade organization. For less than $50,000 GATA sued the Federal Reserve in a freedom-of-information case and won.  While that was not a […]

Given that the euro area is moving toward a pro-forma inclusion of the depositors bail-ins in the standard toolbox for dealing with the financially distressed national banking systems, the case […]

Unemployment rate drops to 7% NFP +203k on expectations of +185k Typical post NFP metals smash has been mild, as both gold and silver are already bouncing

Since June of 2012 I've been talking about Iran circumventing SWIFT and though it hurt their economy, initiating devastating inflation and great harm to the Iranian people, Iran has taken […]

Yes indeed.  The development of crypto currencies, such as bitcoin, or perhaps others to come soon, IS the black swan. Prepare accordingly. There are compelling reasons for this conclusion.

Last week, Grant Williams gave a presentation on the long-term effects of quantitative easing on the health of the global, and particularly Western, economy. Peter Schiff has been warning about the same problem for years and offers the same advice as Williams: avoid the US dollar, stock market, and bond market and prepare for the biggest crash in living history.
When you look beyond the horizon, quantitative easing is and will continue to be, the single biggest influence on every investment decisions you’re going to be making. Possibly for the next several years... The US economy is simply not strong enough to survive without massive stimulus... Just about every government in the Western world is essentially bankrupt."

In this excellent interview with Finance and Liberty's Elijah Johnson, Chris Duane discusses the likelihood that the CIA is involved with Bitcoin as a method to funnel wealth away from […]

The reality is relatively simple even though the appearance is complicated and confusing. Wars that are hugely profitable for a few individuals and businesses Unauditable Pentagon accounting Government debt that […]

A common misconception in markets about the price of gold is that rising interest rates for a currency will always drive the price of gold down against it. Today the […]

What would happen if the Chinese prominently announced their gold holdings publicly? Surely such an announcement would shock the financial world, and even more so if they then publicly called […]

Slowly, the status of the dollar as reserve currency is slipping away, threatening hyperinflation. The recent rise in interest rates, in response to the threat of Fed tapering, foreshadows the […]

JPM is now NET LONG Comex gold futures to the point of having cornered the paper gold market. Since, for now, paper Comex trading continues to determine global price, nothing […]

Preparations have been or are being put in place by the international monetary and financial authorities for bail-ins of both banks but also other financial institutions. The majority of the […]

As the world continues down the road of self-destruction via its highly leveraged paper financial markets, there’s a much more fascinating story worth looking at.  Hidden from the majority of […]

Eric Sprott recently joined Matterhorn Asset Management's Lars Schall to discuss the metals, QE, and how the great Keynesian fiat experiment is likely to end for Western governments. Sprott claims […]

Peter Schiff appeared on Fox Business before Thanksgiving last week to share his opinion on the record highs in the stock market and how the US economy is going to eventually unravel.
The vast majority of Americans who don’t own stocks and can’t afford to buy houses - all they’ve got is higher food costs, higher electrical bills, and they can’t get a decent job... When the Fed is ultimately forced to raise interest rates, we’ll have a big drop in the stock market, a big drop in the real estate market. We’ll be back in a severe recession. It’s going to be tough."

By Peter Schiff
Having replaced savings with debt on both the national and individual levels, I think it's well past time for Westerners to take a few lessons from our creditors in the East. Many Americans consider gold a "barbarous relic," but in Asia, the yellow metal remains the bedrock of individual savings plans. This means that either greater than half of the world's population are barbarians, or they've held onto an important tradition that our culture has forgotten.

By Jeff Clark from Casey Research
After a 12-year run, it looks like gold's wave has truly crested, and many bears are arguing that it's all downhill from here. A quick glance at a long-term gold price chart certainly seems to confirm this impression:

By keeping precious metals in performance control, the general population fails to see outward signs of inflation - at least for a while.