Precious metals news

From SRSrocco: The physical silver scramble continues, as a MASSIVE 2.4 million ounces of silver were withdrawn from Brink's & HSBC vaults Wednesday!

The Depository Trust & Clearing Corporation (DTCC) has released a statement regarding the status of it's NY securities vault after assessing the flood damage from SuperStorm Sandy.  The DTCC, which […]

In a recent interview with Olly Ludwig on Seeking Alpha, Peter emphasized that the US dollar would go down and gold would go up no matter who won the presidency:
Ludwig: As you take in this Obama victory, is there any asset allocation shift you think might be more sensible now than, say, before it was clear the president would win re-election?
Schiff: I think it’s the same asset allocation as before: You want to avoid the dollar; you want to avoid bonds; you want to be in precious metals; you want to be in resources; you want to invest abroad.
But the problem with the Obama victory is that he’s obviously the worse of the two candidates—the reason Obama was elected is because he’s promising free stuff. The fact that we would re-elect Obama, despite the fact that the economy is bad and getting worse, just shows how hopeless the situation is as far as America ever doing the right thing."
Read the full interview here.

The CFTC voted 3-2 Thursday to move forward with an appeal of a federal district judge's September ruling vacating the position limits rule mandated by Dodd-Frank and approved by the […]

Our friend Pining from TFMetals has released another excellent photoshop masterpiece, this time depicting the Federal Reserve's Worst Nightmare...The Great Escape! Don't think for a minute that all of you […]

The Federal Energy Regulatory Commission Wednesday suspended JP Morgan Chase's electrical trading for 6 months, effective April 1st, 2013 (no comment on whether this is an April fool's joke that […]

In his latest update, Greg Mannarino discusses the fiscal cliff, stating that the market is currently anticipating some sort of another temporary solution, meaning that neither large tax hikes nor […]

Japan's likely next Prime Minister Shinzo Abe Wednesday called for the Japanese Central Bank to print “unlimited yen” to reach an inflation target of 3%, triple the current target of […]

Doc's Deal Of The Day 90% Silver Bag AS LOW AS 89 CENTS/OZ OVER SPOT PRICE!! Call Now To Order At 614-300-1094

*Update: Make that the totally normal silver dump, pump, and dump, as no sooner was this piece published than the cartel drove silver down nearly a dollar to $32.10! Almost […]

The World Gold Council issued a report “Global gold demand reflects challenging global economic climate: ETFs up 56% and India up 9% in Q3 2012”  which showed that global gold […]

BrotherJohnF's latest Silver Update: President Obama

Welcome to Capital Account. US President Barack Obama announced that he will call for 1.6 trillion dollars in additional tax revenue when he enters Fiscal Cliff budget negotiations with congressional […]

Champion of the Constitution, freedom, small government, and sound money gave his farewell speech to Congress today. He will be sorely missed. Watch Ron Paul's full farewell speech below:

One of our readers recently asked about investing in gold through a new company they had come across on the Internet. The company sells 1-gram gold ingots (tiny bullion bars) encased in thin plastic, which are stamped with a serial number and hologram to prevent counterfeiting. They tout their product as a unique development that will change the way precious metals are used in the world – but the truth is that these types of products have been around for a quite some time.
Commonly known as “ingot cards,” they are offered by internationally respected precious metals manufacturers like the Swiss gold refinery PAMP (Produits Artistiques Metaux Precieux). They issue a wide variety of them, ranging from fractions of a gram to several grams. The picture below is an example of PAMP’s 1-gram card.

By SRSrocco: Silver prices may climb as much as 38% in 2013 - GFMS HONG KONG (Reuters) - Silver prices may rise as much as 38 percent in 2013 from […]

In the latest Keiser Report, Max Keiser and Stacy Herbert discuss foul mouthed foreigners with banker tourettes in Singapore, while in America, traders at Barclays send each other expletive-filled emails […]

Gold and silver have both just explosively broken out of their cartel capping ranges of $32.60 and $1730 respectively, with silver popping just shy of $33 to $32.99, and gold […]

Politico reports that Montana State Representative Jerry O'Neil has officially requested that the Montana State Legislature pay his salary in gold coins as he believes it likely that ‘the bottom […]

Chris Duane of Dont-Tread-On.me says Hurricane Sandy should be a wakeup call for the entire country. Duane says, “The impact of a dollar collapse will be hundreds, if not thousands, […]