Precious metals news

World’s biggest bank ordered to fix compliance deficiencies. Regulator says it found problems in lender’s New York branch

"Paying bills with borrowed money is the way of the scoundrel… the profligate… the bankrupt."

Trump may impose tariffs on $60 billion of Chinese goods, Reuters reported Tuesday, citing a source who had discussed the issue with the White House.

Inflation has been sighted in the US at last! The Producer Price Index (less) less the volatile food and energy measures rose to its highest level since February 2012. The question is ... when will it show up in the Core PCE price YoY measure that languished at 1.51%? Of course, cost-of-living varies dramatically across…

Our customers tend to buy more silver than gold. And as Mike Maloney has said many times, he believes the silver price will rise much more in the coming wealth transfer than the gold price will. If he’s right, there are some truly exciting times ahead for those of us who own lots of physical silver.If you’re a silver believer like us, check out our 10-question quiz to see if you can call yourself a GoldSilver silver bug…2018 Silver Trivia Quiz1. Which silver coin was manufactured first?a. Silver Eagleb. Silver Maple Leaf

This, along with many other reasons, is why Morgan says, “You have to have physical gold & silver in your portfolio to be truly diversified and protected.”

"Members of the boomer generation who assumed Social Security would take care of their needs are learning a hard lesson."

Fed policy makers should remember that employment lags all economic indicators.

The latest US jobs report was just right spurring a surge in the markets with low unemployment and high employment numbers.

Hawking may have been the most famous physicist in the world—not only because he saw the face of the universe, but because he could describe it to the rest of us.

"Gold remained range bound between 1325.00 and 1313.00 in the overnight session. We continue to be a little..."

"...storage of gold reserves out of the country is now considered risky by more and more central banks..."

Chris Powell says, "Better to expose, challenge, and try to defeat the manipulation, creating good conditions for the gold business and restoring..."

On June 1st, Alabama will no longer charge sales tax on U.S. coins, currency, and precious metals bullion sales. Here's the details...

Three more states are moving toward repealing taxes on the sale of gold and silver bullion.
Last week, Alabama Gov. Kay Ivey signed a bill into law exempting the sale of gold and silver bullion from state sales and use tax. The repeal of the tax not only lowers the cost of investing in gold and silver, it will also open the door to using precious metals in everyday transactions,  and it takes the first step toward breaking the Federal Reserve’s monopoly on money.

Last week, Peter Schiff was a guest with Nicholas Merten of DataDash. In comparing and contrasting Bitcoin and gold, Peter brought up the fact that gold has intrinsic value outside of its use as money. People want to own gold because of its unique qualities.
The reason gold became money in the first place is because everybody wanted gold because of what gold is, because of the tangible, physical properties of that rare element – all of the things that you can do with the metal. It is a luxury good that people have desired for time immemorial."
And in recent years, gold has been increasingly valued for its use in various technological applications. In a report late last year, the World Gold Council reported the demand for gold in the technology sector has been growing since 2016 and that growth is continuing to accelerate due to new innovations.

Gold worked lower last night in a range of $1317 - $1324.40. In price action that resembled that of the previous night, gold ticked up to its high of $1325.40 early during Asian time, as the DX softened to 89.84.

Jeffrey Christian, managing partner at CPM Group, warns that there are economic, political and financial problems ahead.

"Gold previously had a tendency to sell off quite dramatically ahead of past rate hikes, probably because “Fed speakers” made a lot of..."

A central bank-issued digital currency could fuel faster bank runs during periods of financial instability, the BIS said Monday.