Precious metals news

Scammers appear to have made off with more than $2 million in cryptocurrency after carrying out an apparent fake initial coin offering (ICO), and the individuals linked to the incident may be connected to another recent theft

"Miller merely flushed $12.2 billion – which represented the hard work, hopes and dreams of countless fund investors – down the toilet."

The latest GDP forecasts put in a big question of the strength of the economy. Friday's jobs report looked pretty good, didn't it?

"Be ready for the next Enron. Winter has arrived."

China, Canada and Hong Kong are among the economies most at risk of a banking crisis, according to early-warning indicators compiled by the Bank for International Settlements.

Businesses may be asking for the impossible when it comes to the long-awaited and much longed-for Brexit transition.

Cash use increased in developed nations after financial crisis. Cash declines in countries including China and India

We've been told demand is down, but is it really down when Japan's customs authorities have a record year of seizures of illegal gold? Here's more...

"...working with a handful of rogue bank employees at PNB's Mumbai branch (based in New Delhi) to pull off the largest financial fraud in..."

"Once markets come to this realization, stocks will revert to recent lows and head even lower while gold will break out above..."

Our empire is bankrupt but there is an end game. Here's what it means for the dollar and for gold...

"Prosperity to billions of people worldwide who have been impoverished by debt-based monetary system. All the while, physical gold and silver..."

"100 Trillion Dollar Notes are not yet required to purchase gold." Here's a reason why...

“Imagine going to the grocery store and asking the clerk for change for a $20 bill and being charged 80-cents in tax. That’s what we’re doing..."

SD Friday Wrap: If the cartel's mission was to crush sentiment, then it's surely ‘mission accomplished'. Here's the details...

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Imagine the riches you would have if you discovered a way to turn lead, or dirt, or iron into pure gold. Well, people have been trying to figure out how to do this for eons. We have records of people trying to come up with formulas to turn regular old stuff into gold dating back to ancient Egypt, China and India.
In fact, a whole pseudoscience grew up around efforts to change common substances into gold known as alchemy. Well, where man has failed, Mother Nature has prevailed.

There have been numerous comparisons between Bitcoin and gold. In fact, a lot of people call Bitcoin, and cryptocurrencies in general, "digital gold." But are the two things really comparable? How is gold different from crypto? What are the advantages and disadvantages of both?
Peter Schiff was a guest with Nicholas Merten of DataDash and they explored these issues in an in-depth interview. DataDash is a well-known platform for all things related to cryptocurrencies, data analytics & science. Merten is an excellent interviewer and ads his breadth and knowledge of the world of cryptocurrencies to the discussion. They not only talk about cryptocurrencies, they also get into economics, the stock market, Fed policy and more.
The friendly interview features a lot of give-and-take between Peter and Nicholas and will leave you with plenty to chew on and mull over.

The DX pulled back sharply to 89.99, and gold rallied back. Some of the recent shorts were forced to cover as gold ran up to $1325.

Gold has been an attractive asset throughout much of human history. Today's investors use it as a safe haven against market volatility. But where did gold mining start and what does the precious metal look like on extraction?