Precious metals news

"When I was a baby, my mother could only buy food because she still had some gold coins..." Here's more...

The 10-year yield ticked down to 2.95%, and the DX traded slightly lower between 93.56-93.60. Gold traded back up to $1300.50, and was $1300 bid at 4PM with a gain of $1.50.

"We’ve sown the seeds for the next downturn" and there’s a lot of similarities to 2008, one fund manager says.

That Could Mean an Early End to Interest Rate Hikes

US productivity numbers for the first quarter of this year were disappointing, to say the least. Analysts expected Q1 productivity to rise by point 0.7%. Instead, it came in at nearly half that, rising by 0.4%. This was only a slight improvement over the 0.3% increase in the final quarter of 2017.
There wasn't a whole lot of chatter about sluggish productivity in the mainstream financial press, but in his recent podcast, Peter Schiff pointed out that it could have significant ramifications for the economy - and on your pocketbook. If you're counting on productivity to keep a lid on consumer prices, you have a big problem.

The Texas Bullion Depository officially opened for business this week. The creation of the facility represents a power-shift away from the federal government and sets the foundation to undermine the Federal Reserve’s monopoly on money.
Countries that stockpile gold create a foundation of stability for their monetary systems. This is precisely why China, Russia, Turkey and several over countries are increasing their gold holdings. But it’s not just countries looking to gold to provide political clout and economic power. Texas recently laid the groundwork for its own gold depository. The reason? To wrest some economic power from the Federal Reserve by bringing some monetary autonomy to the Lone Star State.

Global Sectorial Indebtedness

Man-made threats including market crashes, cybercrime and interstate conflicts are a bigger threat to economic output than natural disasters, a survey from insurer Lloyd's has found.

Yellen pleaded with Drahi to stop his insane negative interest rate policy. He would NOT listen. She hesitated in raising US interest rates back in 2014 hoping that Draghi would see the huge mistake he was making in creating the next crisis

The discussion on De-Dollarization, Central Banks, Recession, Gold and Cryptocurrency.

The origins of the promissory note stem from the promise to pay a physical sum of silver (subsequently gold) in exchange for the promissory equivalent (sterling was originally based on sterling silver).

Who will bail out the US government when it truly dawns on people that not only can it never repay its debt, but the day is coming when it can no longer even service that debt?

It would send a positive message to precious metals

Moscow and Beijing have agreed to raise the share of ruble-yuan trade settlements, in a joint agreement signed by Russian President Vladimir Putin and Chinese leader Xi Jinping on Friday.

Swiss voters overwhelmingly rejected a proposal to bar commercial banks from creating money, a victory for the central bank which had vehemently opposed the initiative.

As Prins reminds us early on, the Fed and other central banks have expanded their balance sheets by more than $20 trillion, and despite all the chatter about withdrawing stimulus and letting its balance sheet roll off, the Fed's balance sheet has only shrunk from $4.5 trillion to $4.3 trillion.

Bill says the COMEX so far has avoided a ‘failure to deliver' by settling their contracts in London, where the metal doesn't even exist! Here's more...

Keith says it's not an environment for gold & silver "lift off", but an environment of retail capitulation. Here's the details...

If it’s a trade war Donald Trump wants, U.S. allies have warned, it’s a trade war he’ll get.

The crisis isn’t coming back. It never left. The banks of Italy are expecting a banking crisis.