Precious metals news

He enlisted in Venezuela’s National Guard to earn a ticket out of poverty. But little more than two years later, his monthly pay is worth only about $2, forcing him to moonlight at a tire shop, and he has put in for a discharge.

Asked about ‘Libya model’, Trump says: ‘That model … was total decimation. That model would take place if we don’t make a deal’

Chinese officials are currently in Washington negotiating on trade with the Trump administration.

The 10-year yield ticked down to 3.102% while the dollar sank back to 93.39. Gold bounced, but it was capped at the prior $1291.50 high. The yellow metal was $1291 bid at 4PM with a loss of $0.50.

Last month, we reported the Chinese had an ace up their sleeve they could play in an escalating trade war with the United States. They could start dumping US Treasuries.
Well, guess what?
China sold $2.5 billion of Treasuries in March.

The head of one of the world's largest gold mining companies says we've found all the gold.
Ian Telfer serves as the chairman of Goldcorp Inc., a worldwide gold mining company based in Canada. During an interview with the Financial Post, he said the world has reached "peak gold," meaning as we move into the future, mine production will decline steadily.
If I could give one sentence about the gold mining business … it’s that in my life, gold produced from mines has gone up pretty steadily for 40 years. Well, either this year it starts to go down, or next year it starts to go down, or it’s already going down. We’re right at peak gold here.” 

There seems to be a lot of misinformation being peddled on the internet about gold and bitcoin.  One major misconception is the notion that bitcoin will replace gold as a monetary instrument....

Nearly 51 million American households can't afford middle class basics, including housing, food, child care, health care & transportation, a new United Way study has found.

Wall Street landlords are back in action.

The lumber price is not only up a staggering 42% this year, but it’s also up 175% since the beginning of 2016

Bix Weir says more than just "good riddance" to the monetary metal - he actually praises the Lord that "gold is dead". Here's the details...

it's NO coincidence that we have another Fed-driven housing bubble (left chart), which is helping to inflate our household wealth bubble (right chart). Both are going to pop and send our economy into a depression.

"The US will not be even remotely close to being able to make the interest payments on its own debt without borrowing that money, and there is a very good chance that the future could be one of financial crisis."

"Releveraging is as wrong now as it was in 2007. Totally wrong."

"Healthcare will bankrupt the nation by itself. Endless wars of choice, unaffordable pensions and rising costs of soaring debt will only speed the arrival of insolvency and systemic collapse."

In this video, GoldSilver founder Mike Maloney expands on his thoughts on Bitcoin and Blockchain technology, previously discussed in more detail in the eighth episode of the Hidden Secrets of Money. Blockchain technology will have a major impact on the way we interact and trade with one another. However, our freedom and privacy are dependent on how this powerful technology is organized and used.

Data sharing makes us subjects of others, of control. I don't like that. I think people should be independent and free.

Last week, the financial services giant Northwestern Mutual released new data showing that 1 in 3 Americans has less than $5,000 in retirement savings. It’s an unfortunately familiar story. And…

What do you call it when an asset price that people need rises in value faster than their incomes? It’s called inflation.

It’s a good thing that the BLS ignores things like the recent rise in real estate & gas prices when it generates its official inflation numbers… Why? Because if the BLS didn’t do this we might actually see that inflation is exploding higher. This is not conspiracy theory, it is fact. And if you don’t …