Precious metals news

The demand for physical gold has gone through the roof in the midst of economic chaos caused by the coronavirus. We're beginning to see shortages of some bullion products. As more people pile into the market,  the number of scammers looking to take advantage of gullible investors also increases.
Recently, some guy started commenting on the SchiffGold Facebook page, claiming he could sell you "cheap gold" directly from African mines. This was certainly a scam. Why would anybody sell gold "cheap" when they can easily command a market price?
The answer to that question is they wouldn't.

By activating emergency financing windows and by being open to adapt them as needed, the Fed took up its crisis management game several notches. For that it should be strongly commended.

Yellen: "Will I say there will never, ever be another financial crisis? No, probably that would be going too far. But I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will."

US stock markets enjoyed another Tuesday rebound with the announcement of even more monetary stimulus from the Fed and the hope of government fiscal stimulus and bailouts. In his podcast, Peter Schiff said this should make it crystal clear that the government and central bank are rigging the markets.

Starting Friday, Dealers can get a loan from the Fed in exchange for Tesla shares...

Sanders said he guessed the federal government would have to spend roughly $2 trillion “to prevent deaths, jobs losses and to avoid an economic catastrophe.”

"You're looking at one of the biggest negative jobs numbers that we've ever seen"...

Bloomberg reports, according to sources familiar with the matter, that Mnuchin warned the Senate GOP members that without action, the US unemployment rate could spike to a stunning 20%.

Western governments and central banks are fighting back with the only weapons they have; more debt and propaganda that it's going “better than expected”...

America's automotive manufacturing will not come to a standstill as the coronavirus spreads throughout the country.

Labor unions and some lawmakers want worker and consumer protections if airlines get more than $50 billion in government aid to fight the impact of the coronavirus.

The order from Democrat Steve Sisolak Tuesday night follows similar moves by more than 10 other governors as states scramble to mitigate the risk of exposure to COVID-19.

Stock futures pointed to big losses on Wednesday as the markets remained highly volatile with the government response to the coronavirus fallout still unfolding.

More than half of all deaths in the U.S. occurred in Washington state, where the virus has killed 53 people.

The coronavirus can go airborne, staying suspended in the air depending on factors such as heat and humidity, WHO officials said.

As of now, China accounts for less than 50% of the total number of cases confirmed globally as other countries have seen a sharp spike in infections in recent weeks.

Many, many people will become infected by covid-19; the virus will be with us a long time; and the economic legacy will be massive and painful

Whither from here?

After lowering the interest rate to zero and pumping trillions into the market, the Fed is finding that it has no tools to address the inevitable bursting of the bubble. They may try to blame the economic tsunami on coronavirus, but this crash has been in the works for some time. Mises Institute President Jeff Deist joins today's Liberty Report.

"Gold has got a lot of fundamental factors behind it to help drive it higher. Plus, you do have the technical aspect of it given the drawdown we had over the past two days,"