Precious metals news

Could the Cypriot crisis be the beginning of the end for the modern fractional-reserve banking system? Joseph Salerno's commentary at the Ludwig von Mises Institute considers to the possibility. One thing is certain: trusting your savings to a bank is no longer a wise plan for wealth preservation.
"Getting back to the Cyprus deal, admittedly it is hardly ideal from a free-market point of view. The solution in accord with free markets would not involve restricting deposit withdrawals, imposing fascistic capital controls on domestic residents and foreign investors, and dragooning taxpayers in the rest of the Eurozone into contributing to the bailout to the tune of 10 billion euros.
Nonetheless, the deal does convey a salutary message to bank depositors and creditors the world over. It does so by forcing previously untouchable senior bondholders and uninsured depositors in the Cypriot banks to bear part of the cost of the bailout. The bondholders of the two largest banks will b...

Throughout the colorful history of organized crime in the United States, periodic eruptions of inter-gang Mafia violence have dotted the criminal landscape. When turf wars broke out between competing crime […]

All h*ll appears to have broken loose in the electronic paper metals market overnight Thursday and into Friday, as numerous live metals feeds are fluctuating in price by more than […]

By AGXIIK: Face it folks, the die is cast.  Bankers have shown their true colors. They are no different that robber barons of days past.  They will steal your money […]

Our favorite Aussie comedians are back, this time explaining the Cyprus banking crisis.   (covering keyboard prior to viewing is recommended) "The Russians have managed to contain their delight admirably to […]

One would think that TBTF bank CEO's would have learned from Lloyd Blankfein's epic blunder when he stated that Goldman Sachs was doing God's work in an interview- inciting a […]

Peter Krauth: Central banks have been on a fiat money printing binge since 2008. In the last 18 months, that is starting to have the desired effect. The global economy […]

Gold and silver have been hammered today after the London fix (ensuring as few physical stackers as possible are able to take advantage of the paper discount), with gold pushed […]

*BREAKING SD ALERT Just as DieselBOOM accidentally admitted Monday, it appears that the Cypriot bail-in is anything but a one-off event, and is in fact the new collapse template for […]

Submitted by Bill Holter: What is now in play is that if you have money in the bank and are getting a whopping .1% interest...it compensates you for what?  It […]

Nationalized Freddie Mac is reportedly suing 12 of its its bankster masters including JP Morgan, BOA, RBS, and Citi among others over $3 billion in losses tied to manipulation of […]

Cyprus banks opened (with hired British security teams attempting to prevent riots) for the first time in 2 weeks today at noon local time, with customers able to withdraw a […]

Doc's Deal Of The Day 2013 1oz Canadian Maple Leaves As Low As $1.99 Over Spot! Click The Coin Or Call 614-300-1094 Now!

At Cheviot's 2011 Sound Money conference, Dominic Frisby of Frisby's Bulls & Bears gave a MUST WATCH presentation titled Why Gold is the Currency of the Free. In light of […]

As one astute financial journalist said to me “ ‘cash in the bank’ doesn’t have quite the same ring to it anymore.” In most European countries, except for Germany, Austria […]

Rick Santelli today gave an EPIC RANT on the difference between physical gold and paper liabilities commonly traded on commodities exchanges. I don't even look at gold as gold anymore […]

Money manager Peter Schiff says, “Cyprus is a wake-up call for everybody who has a bank deposit. . . . When you are depositor, you are in fact . . […]

Submitted by Bill Holter: It looks like Gold has "passed the test" and made a bottom, now it's Silver's turn. Silver has acted quite poorly over the last 10 days […]

Cyprus' Finance Minster has now officially confirmed that Laiki depositors with over 100,000 euros in Cypriot banks face at least 80% haircuts, and stated that realistically, very little will be […]

Jim Grant was back on CNBC comparing the ticking shot-clock in a March Madness game to the artificially low interest rates via manipulation by the Federal Reserve, allowing the Fed […]