China's gold imports jumped almost fivefold in the first 10 months from the entire amount shipped last year as concerns about rising inflation increased its appeal as a store of value, said the Shanghai Gold Exchange. Imports gained
Hong Kong goldsmiths have been sold hundreds of ounces of fake gold this year in one of the most sophisticated scams to hit the Chinese territory's gold market in decades. Industry executives say the scam - while not massive and hitting only the ret
China announced a few days back it was creating a fund to allow its domestic investor base to allocated capital to foreign gold ETF, may wish to reconsider after it was disclosed late last night that China gold imports jumped by 500%
What catches our attention about all this is simply the drama of the collapse of the dollar against silver in the two generations since the president who signed the Coinage Act taking silver out of most of our coinage vowed there wouldn’t be such a c
- The phenomenon of “monetizing the debt” is nicely captured by the combined and long-term picture of the dollar and the 10-year Treasury yield. Specifically, it looks unsustainable.
The price of silver is surging and so is business at many coin dealers across the country. At an appraisals shop in Manhattan is seeing a tremendous demand both in new and older silver coins. “This is probably the strongest demand there’s been in the
An entertaining, and no holds barred fictional look at what America's post QE4 future may look like.
As of today(Nov 18th), there are no longer any regular wholesale supplies of 1 ounce through 100 ounce silver rounds and bars available for immediate delivery. It may be possible to locate incidental quantites of some produuct,
Even as gold was approaching record highs during the third quarter, more of the best-known hedge fund managers were placing bets on the precious metal.
Silver touched $28.46 an ounce, the highest since March 1980, palladium saw $728.22 an ounce, its highest since April 2001. Platinum hit $1,790 an ounce its highest since July 2008. Spot gold hit $1,422.30 a troy ounce.
NEW YORK/LONDON – Gold powered to an all-time high above US$1,400. Gold has risen almost 6% since just before the Federal Reserve detailed its plans last Wednesday to buy $600-billion worth of Treasuries to revive the economy.
This is the monetary equivalent of a nuclear war, except instead of radiation, bombs of inflation threaten to make the world economy uninhabitable for saving and productive enterprise.
With these guys having Uncle Sam by the short hairs and making him sing their tune,...you might want to pay attention.
It is my understand that Eric Sprott 'books' the silver when it makes the deal to acquire it, but the actual silver will not be obtained and delivered to their vaults for some weeks as the market gathers the bullion together and ships it to them.
In the suit, the plaintiff allege that JPM and HSBC in August 2008 held 85% of the net short position in silver and by the first quarter 2009 held $7.9 billion in precious metal derivatives.
The precious metals markets have tremendous potential for investors. But they are also wrapped up in great mystery -- deliberately so. Gold is the worst understood financial market. Most official data about gold is actually disinformation.
Gold and silver are no bubbles. It is a like a Ponzi scheme in reverse that goes back for decades, that has sold many more ounces of metal than can possibly be delivered at today's artificially low prices, that was tolerated and even promoted...
Having broken out convincingly into new high ground, gold and silver have now paused for breath. Despite the sharpness of this week's reaction, their performance indicates good underlying strength. This is not to say there is no speculative froth -
This is a vote from the commodity market that Bernanke, Congress and you, the American public, will not force the scams and frauds in the banking system that have been festering since 2007 into the open where they can be resolved.
Gold takes off, as the CRB index passes 300, with America blissfully unaware $100 oil and 20% U-6 unemployment is next, leading to a total collapse in the economy. The catalyst: Bloomberg reports China to put more reserves in gold.
A quick look at gold price action demonstrates that someone somewhere is actively debasing currencies. An even quicker scan of headlines confirms this to be the case...
In other words do precisely what Gordon Brown did a few thousand percent ago, and now has to defend against allegations he did so merely to protect the LBMA cartel which was on the verge of being margin called into oblivion.
It is quite clear the world is slowly realizing that, no matter the color, all paper currencies are headed for debasement, leaving thoughtful people and institutions with little choice -- as has been the case for literally thousands of years --
The Bank of Japan just put Bernanke to shame with its latest announcement regarding quantitative easing.
The US Mint has officially raised their wholesale pricing above spot on American Silver Eagles to all authorized dealers from $1.50 to $2.00 an increase of a whopping 33%. This news comes on the heels of a significant silver spot price rally over th
"And I don't see how you become rational hoarding gold. Even if it works, you're a jerk."
G. Edward Griffin discusses the US monetary system - Idaho State Representative Phil Hart explains the "Idaho State Silver Gem Act" that he authored and plans to re-introduce next year
The Fed thinks it can destroy the dollar? Sure they can. Too bad fewer and fewer people actually give a rat's ass anymore. Gold just took out the $1,300 psychological barrier. Next stop, as predicted earlier today by BofA's Widmer: $1,500.
On Bloomberg, investor Marc Faber gives his analysis of Asian currencies, emerging markets, and the future gold price.