Precious metals news

As far as the fiscal health of U.S. states is concerned, there’s Connecticut, Illinois and New Jersey, and then there’s the rest of the country. Each state has chronically underfunded pension plans...

While the mainstream financial media focuses on the U.S.-China trade-war – macro-speculators are eyeing global yield curves – which are now signaling trouble. But according to this ‘adjusted’ U.S. yield curve – a recession may be coming...

Baby boomers commit the ‘7 deadly sins’ of retirement planning

As we've been reporting, a number of central banks have been aggressively adding gold to their reserves over the last several years. Globally, central banks accumulated 651.5 tons of gold last year. It was the highest level of annual net central bank gold purchases since the suspension of dollar convertibility into gold in 1971, and the second highest annual total on record. Last week, Serbia and the Philippines joined the race for gold.
A move to minimize dependence on the US dollar, especially by countries like Russia and China, is driving this central bank gold-buying spree. Peter Schiff recently appeared on RT's News with Rick Sanchez to talk about it.

Two more countries have joined the global gold-buying spree.
According to a Bloomberg report, the Philippines' central bank will increase gold purchases to upwards of 1 million ounces per year in the wake of a new law that exempts taxes on the monetary authority’s bullion purchases from small-scale miners. The country's central bank has been adding between 20,000 and 30,000 ounces per year.
Meanwhile, Serbia plans to increase its gold reserves from 20 to 30 tons by the end of this year, according to an RT report.

The nationalist and populist groups have gained several seats, but the question is, will gold shine now?

As precious metals investors know all too well, gold and silver prices haven’t moved much for the past 5+ years. And along with that stagnant price environment has come low volatility.Volatility readings have fallen so far, in fact, that silver has matched its all-time low. It’s further confirmation of the widespread disinterest in precious metals.

The erosion of public confidence is building, but that's not the only reason gold is certainty in an uncertain world. Lynette explains...

Malaysian Prime Minister Mahathir Mohamad took one large step in that direction when he proposed the launch of...

SD Friday Wrap: Light can be seen at the end of the tunnel now, so keep control of the vehicle and maintain. Here's why...

Kaplan told the news agency that he believes gold prices will increase to $3,000 to $5,000 if not higher depending on macro circumstances.”

The announcement from Trump that the US will place a 5% tariff (to climb steadily to 25%) on all Mexican imports if Mexico doesn’t take action to “reduce or eliminate the number of illegal aliens” crossing into the US roiled markets last night.

While silver investment demand in the West continues to remain weak, Indians are purchasing the white shiny metal hand over fist.

For that matter, gold bullion, yielding only nothing, nonetheless yields more than $10.6 trillion of notes and bonds that yield less than nothing. It’s all about relative value.

The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019. The debt is never paid off.

After President Trump's surprise threat about new tariffs on Mexico, investors are looking to Fed rate cuts to rescue the markets and economy.

This peculiar creature of an inverted yield curve, May Serve Up Surprises...

Millennials are doing far worse financially than generations before them, with student loans, rising rents and higher health care costs pushing the average net worth below $8,000, a new study shows.

All are teetering on the edge, just waiting to be nudged into the abyss by some external crisis...

Calvin and Hobbs ranks as my all-time favorite comic strip. Calvin said and did a lot of the things that went through my head when I was a kid. But of course, I was too chicken to do or say most of those things.
If you're familiar with the strip, you know Calvin's imagination sometimes intertwined with reality to create some really weird scenarios. Well, I've got a real-life story for you that kind of reminds me of a Calvin and Hobbs strip.