By Peter SchiffTurn on the TV and this is what you'll hear: The US budget is heading for a fiscal cliff. If a deal isn't reaching in Congress by the end of this year, a combination of automatic tax hikes and budget cuts will sink America into economic depression. There is no escape.Of course, my readers know that the fiscal cliff is merely an example of the piper having to be paid. The problem isn't the bill, but that we ran it up so high in the first place. Any deal to avoid the cliff by borrowing even more money may allow the piper to keep playing a while longer, but when the music finally stops, the next fiscal cliff will be that much larger.My readers also know that there are several ways for investors to avoid the cliff altogether. Perhaps the most secure is buying precious metals. However, given what we know, it may seem confusing that the spot prices of gold and silver have been moving sideways.However, these headline prices have largely concealed a more i...
By SD Contributor SRSrocco: Well, it looks like the WORD is getting about concerning the TRUE SITUATION in the silver market. It was nice to see Lawrence Williams, Editor-in-Chief at […]
CNBC's Rick Santelli went on another epic rant this morning regarding the rapidly approaching fiscal cliff, sending a HEADS UP!! to the middle class, stating that "all they're after isn't […]
In the latest Keiser Report, Max discusses how Hollywood accounting has turned the global financial system into one in which money and wealth melt like so much congealed snow. Max […]
Our friend Sean from SGTreport.com checks in with LaRouche’s Harley Schlanger from Austria, where Schlanger is attending meetings and fighting for Glass-Steagall inspired banking reform. Harley says the ‘Fiscal Cliff’ […]
The WSJ and MarketWatch have released a video discussing why silver is gaining favor as an investment asset among investors.
Bloomberg reports that JP Morgan has asked more than 2,000 current and former employees to contribute out of their own pockets to a settlement with the UK over the firm's […]
World conventional oil production peaked in 2005. Since then world primary energy consumption has been maintained (and even increased a bit) by the exploitation of tar sands, very deep-water offshore […]
GATA has obtained an IMF report from 1999, which reveals that over 80 central banks had lent at least 15% of their official gold reserves into the market. This gold […]
In what is no doubt a propaganda piece designed to attempt to slow the gold repatriation and audit request freight train, the Bank of England has taken the unprecedented step […]
After being knocked down on tonight's Globex electronic session, gold and silver have made vertical moves to the upside on Monday's Asian open, as the Asian market scoops up the […]
Submitted by Marshall Swing: Gold & Silver COT Report 12/9/12 In silver, commercials unloaded 4,115 longs on the week and 2,393 shorts to end the week with 47.74% of all […]
‘Madness 3: Addendum’ features more information from my original interviews that for whatever crazy reason hit the cutting room floor and didn’t make it into ‘The Madness of a Lost […]
Submitted by Deepcaster: “With an inevitable day of reckoning, the U.S. financial and banking systems came literally to the brink of collapse in September 2008. To prevent the unthinkable, the […]
The FOMC meets next week and some anticipate an announcement for more bond purchases. The continuation of Quantitative Easing is part of the Federal Reserve's effort to support the economy, […]
The Doc sat down with Dont-Tread-On.me's Chris Duane Monday to discuss the recent explosion in gold purchases, his outlook on silver, and the launch of the 2nd coin in the […]
Metals Analyst Kira Brecht published an incisive commentary on Kitco yesterday on the long-term gold trend, examining the relationship between gold and the quantitative easing of central banks:"But, what will it take to kill the long-term bull market in gold? Listen up folks and listen good. There is nothing on the near or medium term horizon that could kill the long-term bull market in gold.Why? The answer is quite simple and lies in the hands of global central banks, with their pedals still pressed to the floor with unusual and historic monetary policy accommodation and easing."Continue reading...
By AGXIIK: We double down on the most destructive form of financial ineptitude with wild fire printing of FIAT currency, hollowing out our economy while exporting inflation to nearly every […]
Submitted by Morris Hubbartt: The dollar's failure is probably being masked by a gold market that feels a bit like it is “under attack”. The line in the sand that […]
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