Precious metals news

There is an all-out effort to demonize gun owners in the United States today.  Those that own guns are repeatedly portrayed as being uneducated, mentally deficient racists in the mainstream […]

Last Friday the Bank of Panama (BancoNacional) announced a 5-day bank holiday, shutting down all banking systems ahead of the end of the month Panamanian payday, completely shuttering all wire […]

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Yesterday, on the final day of the two and a half day LBMA gold conference, there was a consensus among participants and delegates that while there was a risk of […]

As one deadline after another passes, the US government is beginning to shut down.  This is a truly horrific situation, and I'm stunned by the incredible complacency being exhibited by […]

The death of the U.S. dollar as the global reserve currency is the elephant in the room that nobody wants to acknowledge.

In 1981, a 10-year-old Vietnamese girl, her parents and nine brothers and sisters began preparing for a perilous journey, a journey they knew they might not survive.

Bart Chilton on today's metal's smash:  You're on your own. Chilton's prediction that the "do-badders" would attack due to lack of any gov't oversight of the markets in light of […]

Economist Karl Denninger has gone John Galt.  The Market Ticker founder has released a statement that he is shutting down active market reports and updates at The Market Ticker, as […]

The following four individuals won The Doc's September Silver Giveaway compliments of DNA Precious Metals.  Included below is also a statistical summary of the entered predictions for the month.  Don't […]

Jon Pawelko publishes the web comic Lampoon The System to poke fun at insane economic policies and educate the public on sound economics. Click here for more cartoons and information on his anthology book, available for only $15.

Cameron Alexander wrote an interesting article on Chinese gold demand in CME Group's publication Open Markets. The Chinese have rushed to take advantage of low gold prices this year, and China's central bank is talking about easing restrictions on gold imports going forward. China is on track to surpass India in global gold demand this year. Alexander explains the gold mania inherent in Chinese culture and what a vital role the yellow metal will play in the Chinese economy going forward.
"As the gold price fell almost 30 percent between January and June this year, the largest decline since 1983, some 585 tonnes of gold ETF holdings were liquidated as momentum driven investors exited the market. The price fall prompted physical demand in China to reach astonishing levels, however, as mainland consumers rushed to purchase the yellow metal.
The price collapse was seen as an unprecedented opportunity by many to restock gold assets, with Chinese “aunties”, a term of respect for o...

After all the fuss about tapering, it is worth remembering that central banks can and do expand the money quantity without quantitative easing. Put simply, so long as a central […]

This morning’s trade in silver demonstrates a pattern regular observers of this market will instantly recognize.  This pattern happens so frequently that any claim by the CFTC that they couldn’t […]

Fractional reserve banking is a criminal, deceitful and wealth-destroying platform, and perhaps the greatest contributor to economic in-stability in existence today. Usually when there is smoke, there is a good […]

The World Gold Council's Albert Cheng joins Kitco's Daniella Cambone poolside in Rome to discuss  the Asian markets and the future of physical demand in the region as Chinese gold […]

Gold and silver have been crushed this morning on the COMEX open, with silver down over $1 from its overnight highs near $22, plunging to $20.85, and gold is down […]

The evidence shows that as the price of gold declined substantially in the second quarter of 2013, the top 5 gold producers did not change their strategy by mining higher […]

Gov't officially shuts down for the first time in over 15 years as the CBO issues order to shut down government offices after Congress failed to reach any agreement to […]

With the House passing its 3rd Continuing Resolution amendment which was promptly shut down by the Senate, it is finally crunch time. WaPo is reporting that GOVERNMENT WILL SHUT DOWN […]