Precious metals news

Phil Mackesy interviewed Peter Schiff on This Week in Money last weekend. Their conversation covered a lot of ground, from misguided Canadian and Japanese monetary policy, to Jack Lew and the US dollar's recent decline against the euro.
"There's a new rumor that [Japan] wants to start buying another $500 billion of our debt. That's their stimulus plan. Print money and loan it to us. Loan it to America so we can blow it. And somehow their own country is going to be more prosperous because they squander hundreds of billions on US Treasuries. Look, the whole world has gone insane...
When you hear people like Obama talk, or Geithner, you want to buy even more [gold]. You can't trust a politician with a printing press. These central bankers are going to destroy the currency all around the world. It's important people buy gold and silver while they still can afford it. Before the price takes off."

With the recent claims from an Apple contractor that a Chinese silver shortage is the culprit for the production delay in the new I-Macs, an SD reader who has recently […]

Our friends at Sprott Asset Management have released an infographic on the platinum and palladium markets.  Sprott now offers exposure to platinum and palladium through its ETF's SPPP & PPT.U.  […]

As SD readers are likely well aware, the Bundesbank last week announced the repatriation of over 600 tons of Germany's gold reserves held at the NY Fed and the Bank […]

Submitted by Stewart Thomson: This morning the BOJ doubled their inflation target, to 2%, and announced they would begin open-ended QE in 2014.  Of even greater importance, they announced the […]

President Obama took his oath of office and made his inauguration address yesterday. Almost exactly 4 years ago President Obama’s first Inauguration took place - on January 20th, 2009.  Gold […]

While in reality the Fed is the market for US debt via QE∞, there is at least a thin line between the Fed's indirect monetization of the US debt/deficit, the […]

BrotherJohnF discusses the allegations against JP Morgan in the class-action suit alleging silver manipulation, as well as the recent dismissal of the suit pending appeal in his latest Silver Update: […]

*Updated- shortage spreading to Silver Maples, SDBullion experiencing unprecedented demand for silver bullion On Thursday, we alerted SD readers to the fact that the US Mint had sold out of […]

Jim Grant was back on Bloomberg today with Deirdre Bolton discussing the Fed's QE∞ policy, and the MOPE that the Fed will end QE by the end of the year. […]

By former-Congressman Ron Paul If governments or central banks really can create wealth simply by creating money, why does poverty exist anywhere on earth?  Why haven’t successive rounds of quantitative […]

Russia announced Saturday the addition of another 600,000 ounces to its gold reserves in December, bringing the total gold officially added to Russian reserves in 2012 to 3.2 million ounces! […]

Financial analyst Karl Denninger says, “If you keep raising the debt ceiling willy nilly, you’re going to get downgraded.” Denninger thinks the latest talks in Washington will only kick the […]

In the latest Keiser Report, Max Keiser and Stacy Herbert discuss the currency war masquerading as a ‘storage plan,' the Bond Kings threatening the gold repatriating Germany with having a […]

It is with heavy hearts that we report that GATA member, and gold and silver champion Adrian Douglas passed away Thursday, succumbing to a year year battle with cancer.  GATA's […]

The State Oil Fund of Azerbaijan has withdrawn the first ton of its physical gold from JP Morgan vaults, and placed it in their own Central Bank vaults in Baku. […]

Another respected hedge fund, the Pacific Group, has decided to convert one third of its hedge-fund assets into physical gold.  The Pacific Group Ltd., which manages over a $100 million […]

On Friday, CBS MoneyWatch published Peter Schiff's rebuttal to prominent gold skeptic Larry Swedroe, who had challenged Peter's precious metals forecasting. Peter writes:
In an article entitled "Ignore the ‘buy gold now' crowd" on CBS MoneyWatch this Monday, columnist and equities analyst Larry Swedroe criticizes forecasters who remain bullish on gold despite its monumental decade-long run.
He links to an interview in which I forecast that gold will rise above $5,000/oz before this bull market ends. Unsourced, Swedroe modifies my prediction to $2,300/oz by the end of 2013. While I typically forecast overall market direction rather than timing, I'm fairly comfortable with the words Swedroe put in my mouth. I believe gold will continue to rise and close 2013 significantly higher than present levels, and I'm invested accordingly. What I find most disconcerting in Swedroe's piece is everything that follows. He goes on to question both a) investment forecasting as a practic...

Jim Sinclair, the man who predicted the current bull market in gold over a decade an a half ago has sent an email alert to subscribers this afternoon regarding the […]

BrotherJohnF states silver has resumed its bull market, examines the current extraordinary technical fundamentals in silver, and discusses the US Mint's shutdown of Silver Eagles production in his latest Silver […]