Precious metals news

The world is now passing out of the EYE OF THE STORM and back into the FINANCIAL TYPHOON. Even though the Fed and Central Banks have been able to manipulate, […]

In a release issued today by the Board of Governors of The Federal Reserve System, were details on the Federal Open Market Committee (FOMC) statement following the September 17th-18th meeting. […]

Right now, the ground underneath Yellowstone National Park is rising at a record rate.  In fact, it is rising at the rate of about three inches per year.  The reason […]

$100 Silver and The Dirty Secret of Silver Monetary Demand. Long term precious metals investors have endured two major events where massive (induced) sell-off's resulted in a scramble to off-load […]

This morning, Peter Schiff was interviewed by Mike Slater on KFMB San Diego. Peter explained why raising the debt ceiling is just going to make the real crisis much worse and lead to the inevitable collapse of the US dollar. Peter didn't have time to advise the listeners on how to protect themselves from this crash, but it's simple: invest in hard assets like physical gold and other precious metals.
We're headed for a real crisis, but it's not going to be because we failed to raise the debt ceiling, but because we succeed... I believe that the dollar's days as the world's reserve currency are numbered. I don't know how big that number is, but I don't think it's going to be a gradual process. I think at one point it's just going to happen. One day it's just going to plunge. And I think country's like China are already preparing for that to happen."

Chad Henderson was all over the news the past two days.  The 21-year-old student from Georgia was cited in multiple articles as being one of the few, the proud, the […]

JP Morgan is one of the best managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we got. - Barack Obama on "The […]

In this interview with Ellis Martin, David Morgan discusses the absence of an endgame for the US economy, and revisits how we got here.

Already scratching out tough gains throughout early London trading and the first hour of COMEX trading, gold and silver have just broken out vertically to the upside, with silver targeting […]

If it is fall, it must be conference season in Colorado. The Denver Gold Forum, held Sept 22–25, was an invitation-only event billed as featuring seven-eighths of the world's publicly […]

The Silver Bullet Silver Shield's Chris Duane responds to claims that buying silver was the stupidist move I ever made by reviewing the fundamentals and what has transpired in the […]

The Algerian government has ramped up spending to ward off unrest, helping drive inflation to a 15-year high last year, and pushing Algerians into the currency and real estate markets […]

Perhaps “bubblehead” is a little harsh.  In truth, Maria Bartiromo is in fact quite smart.  But after watching the following video, I’m reminded of a classic observation by Upton Sinclair:  […]

Gold stocks are inarguably the most-hated stock sector on the planet these days.  After they spent 2013’s first half plunging precipitously, investors have left them for dead.  Even most former […]

The great global Paradigm Shift involves far more than wealth migrating from West to East in the form of Gold bullion. The corruption among the Wall Street bankers, the Chicago […]

The launch of Obamacare has been a complete and total nightmare so far.  The “online exchanges” are constantly crashing, there are endless glitches and delays, and many of the people […]

In an interview on The Street, Peter Schiff explained the relationship between physical gold and the debt limit of the United States. Peter argued that the Fed is lying about inflation because it doesn't want to admit that there is no real economic recovery.
What's good for gold is when they raise the debt ceiling, because it confirms that we're going to have a lot more debt and a lot more money printing... If you've looked at how far gold prices have increased over the last decade or so, a lot of that is a function of the debt and the inflation that has accompanied all that debt... [The Fed is] probably going to increase the amount of QE… Inflation is a problem and it's going to get worse. So they've got it all wrong, and so they're mis-pricing gold."

Brett Arends published an excellent article on MarketWatch today, revealing that US Treasury officials have no intention of selling gold reserves. As one Treasury spokeswoman told him: “Selling gold would undercut confidence in the US both here and abroad, and would be destabilizing to the world financial system.”
"Grab any Wall Street trader in a bar, or any portfolio manager in his office, and he’s likely to tell you gold is finished.
It’s silly, nothing more than a shiny metal, a substance with little use and little real value, a ‘barbarous relic,' and the stuff of nothing more than superstition. Only a fool would own any gold in his portfolio. Right?
After all, its value has plunged by $500 an ounce in the past year, and $100 just in the past month. Gold hasn’t even rallied during the budget crisis: So much for its ‘Safe Haven' status.
There is just one nagging problem with this story line. One group of people disagrees. And I am not talking about wac...

Bart Chilton provided Friday humor a little early yesterday on Bloomberg: "If you don't want consumers protected, fine, fire us all, shut us down. If you want the markets safe, […]

The metals have not gone nuts because of the extreme intervention by the Fed and the BOE and probably the BOJ.  The intervention now is the most extreme that it's […]