Precious metals news

Several large movements in COMEX warehouse silver inventories to report from yesterday 7/7's trading action. Both registered and eligible silver supplies had a net increase for the day. COMEX Silver […]

Maybe this will be enough to wake up a portion of the African American sheeple? Notice how NBC paints this as a racial discrimination issue, rather than an illegal search […]

Silver has risen $3 so far this week (from $33.95 to $36.97), which one would expect would induce an easing in silver's backwardation. In our 6/30 update, silver was trading […]

Ambrose Evans-Pritchard has been on sabbatical for the first half of 2011, and his absence was sorely missed. Evans-Pritchard has made up for his time away, returning with a scathing […]

Complete mess of a jobs report this morning for O'bottom and company. *Non farms payroll was up 18,000 on expectations of a 150,000 increase! The predictions were so far off […]

Gold demand in China is expected to continue rising as economic growth boosts wealth and inflation rising at the fastest pace in almost three years drives demand for a safehaven. […]

We'll Be Glad to Certify That Gold for you Ma'am Well, at least the 10 double-eagles that the feds confiscated from a PA family. The AP reports that the 10 […]

A net 418,942 ounces of silver were withdrawn from COMEX vaults on Wednesday July 6th, resulting in a NEW LOW of 98,672,617 ounces of silver remaining in total COMEX inventories. […]

Those who take issue with the outlook of Austrian economists in general, and Euro Pacific Capital in particular, have pointed to the persistence of low bond yields as proof that our philosophy does not hold water. We argue that as the United States takes on ever more debt and prints greater quantities of dollars, that buyers of our debt will demand higher rates of interest to compensate for greater risk. In fact, our philosophy leads us to believe that rates would currently be spiking as Washington debates whether to raise the debt ceiling yet again or default on existing debt. Instead, rates are hitting close to multi-year lows. As a result, our critics have found a seemingly valid issue. However, we believe that there are strong market reasons that are holding rates low for now that do not invalidate our central thesis.
Looked at objectively, there are a litany of reasons why rates should be much higher than they are. Official government data from the Labor Department has year...

Have you noticed how good of a holiday shortened week gold and especially silver have been having? Have you also noticed the absence of the typical cartel take-downs? We sure […]

Many have ridiculed The Doc's call for silver to hit $70 before the end of 2011, especially after silver's vicious manipulated takedown from $49 to $32 in early May. In […]

If the FDA has its way, selling 500mg Vitamin C tablets will soon earn you an international arrest warrant for drug crimes and fraud. Isn't Amerika wonderful? The FDA's draft […]

Yesterday, whistle-blower Andrew Maguire took our view that the launch of the HKMEx silver futures will cause significant damage to the cartel viral with his interview by Eric King. Today, […]

Blythe cannot be pleased. Commodity Online reported this morning that India announced plans Thursday to import 1200 Tons of silver and 350 tons of gold in 2011-2012. Silver has vaulted […]

It appears that silver eagles aren't the only silver coins whose demand is surging. The U.K.’s Royal Mint said that first-half silver production in 2011 doubled, while gold production climbed […]

The SLV message board, a target of Phase 1 of the Silver Viral Project, has been removed from the Yahoo message boards. Obviously PHYZZ is a rather touchy subject for […]

While we try to avoid the MSM as much as possible, Dylan Ratigan of CNBC occasionally can be an exception to our rule. Ratigan here gives what is essentially a […]

Ron Paul has introduced H.R. 1830 to overturn the FDA's illegal ban on the interstate sale of raw milk for human consumption. The unconstitutional ban, which has been in effect […]

Comex warehouse inventory update for activity Tuesday July 5th saw another 302,892 ounces of silver leave Crimex silver vaults. This means that total Comex inventory declined to a NEW LOW […]

By Peter Schiff
Imagine a day when you go to buy a quart of milk, ask the price, and the cashier says, "that'll be a tenth ounce silver." As the US dollar's decline accelerates, several efforts around the country are trying to make this vision a reality.
Historically, paying for items in silver or gold was actually quite common. We happen to live in an unusual time and place where generations have grown up trading exclusively in paper. While my parents still used dimes made of silver, we have now gone several decades with no precious metals in any of our official coinage. But this system of money by government fiat is unsustainable.
While the practice of bartering precious metals directly for goods and services has continued on a small-scale over the last few decades, the 2000s saw the beginning of organized efforts to revive gold and silver as money.