Precious metals news

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While we sit and watch JPM roll their Dec13 gold position and smash price in the process, I thought we should have some fun by putting this year's GLD pillaging […]

Gold was trading near four month lows today after its biggest drop in seven weeks yesterday. Another bout of peculiar concentrated selling led to Comex halting trading in December gold […]

The Indian politicians are now trying to do their best to destroy the gold market. They’ve put on huge controls and taxes on the Indian gold market. India’s the largest […]

Gold and silver have just been absolutely hammered on the Fed minutes release in which Fed MOPE claimed a taper is likely in the coming months. Gold has plunged through […]

How will you survive the coming collapse? Whether it’s the destruction of the environment that causes a collapse in our way of life, or an economic collapse, or a combination […]

Investigative reporter Michael Snyder says, “The only way they got the unemployment rate to go down is pretending that millions, upon millions, upon millions of Americans don’t want to work […]

Both China and Japan added a substantial amount of US Treasuries in September, according to the latest TIC-data released by the Federal Reserve on Monday. The total foreign holdings of […]

Those lucky enough to experience the physical weight of wealth of precious metals understand the broader, more abstract implications. We are aboard a speeding train that cannot speed up - […]

Two days before the Janet Yellen confirmation hearings, Andrew Huszar, an ex-Fed official, publicly apologized to the American people for his role in QE. Mr. Huszar called QE "the greatest […]

Somehow we suspect an encased gold futures contract might have slightly less of a draw...

QE3 is running at $85bn, and directly increases FMQ by double that amount, or $170bn, indicating that other factors contributed $57bn to the FMQ total. This suggests that the current […]

The top ten biggest banks, in addition to holding the vast majority of deposits, mortgages and credit card accounts, operate 33% of all the bank branches in the country. The […]

"So here we've got some examples of the technology that governments around the world are putting into their counterfeit currencies so that the public can't counterfeit the currency that governments are now counterfeiting."

In this interview with Peter Spina, Eric Sprott discusses the unprecedented silver consumption by India for investment purposes as the Indian gov't cracks down on gold imports, and how India's […]

Our readers are likely very familiar with silver's role as an investment, hedge against inflation, and its monetary role in history. Silver's gifts to humanity do not stop there however.  […]

Would printing the cash to fund pensions for low-income retirees trigger inflation? It's more of an open question than we might imagine at first glance. There is an alternative to […]

Earlier this month, Paul Craig Roberts was interviewed by Greg Hunter of USAWatchdog about the perils faced by the US dollar as the world's reserve currency. Roberts is a former Assistant Treasury Secretary and believes it is likely that there will be a major dollar crisis sooner than later. Roberts talks about the strong global demand for physical gold that continues even while international demand for US dollars shrinks. Like Peter Schiff, Roberts believes that the Fed has no safe way to end its monetary stimulus without triggering a major crisis and explains his position in depth in this extended interview.
In the last few months, both China and Japan have sold off some Treasuries, some $40 billion between them. This is not a huge sum, but it does show that they’re ceasing to accumulate them. And there’s also been reports that China is accumulating very large quantities of gold. So this does show that the dollar may have a limited life as the supreme currency."

Zerohedge recently drew attention to the growing level of foreign bank cash deposits, tucked away at the bottom of the Fed's H.8 statement. Foreign banks' cash balances have increased by […]

Many observers believe the U.S. dollar (USD) will lose its status as the world's reserve currency sooner rather than later. Proponents of this view often mention China's agreements with various […]