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With cash levels dwindling and its once mighty oil sector on its knees and needing help desperately, OilPrice.com's Tsvetana Paraskova reports that Nicolas Maduro's regime in Venezuela is paying Iran in gold...
Something unusual is happening in the gold market.
The mainstream is a fickle place.
Seconds before the US GDP print, a well-timed report (and aggressively disseminated by mainstream media) on marginal success in a COVID therapy (mortality rates improved from 11.6% to 8.0%), which was then promoted by Fauci (who played down another s
It all started in late 2017, when we reported that JPM was quietly trying to sell the world's oldest gold trader after a massive money laundering scandal...
The gold market remains chaotic with physical (geographical) shortages, increasing physical demand, paper squeezes, retail interest soaring, and now congressmen raising concerns with regulators.
Technically, the euro was launched on January 1, 1999, although euro notes and coins started circulating in January of 2002.
In this important interview Egon von Greyerz of Matterhorn Asset Management AG, answers questions of Jan Kneist's Investor Talk.
I want to treat what we're going through AS IF IT WERE WAR since the reaction is no less than that.
The powerful forces of bank credit contraction are at the heart of a rapidly evolving financial crisis in global derivatives, whose gross value is over $600 trillion; an unimaginable sum.
The Constitution made it crystal clear what the official money of the United States was to be when it called the federal government into existence. That money was to be gold coins and silver coins, not paper money.
Just as the premium between physical and paper precious metals prices was starting to fade a little, the US Mint has decided to temporally halt all production at its West Point facility in New York because of the risk to employees from COVID-19.
Doing "whatever it takes" to save the global economy from the coronavirus pandemic is going to cost a lot of money. The U.S. government alone is spending a few trillion dollars, and the Federal Reserve is creating another few trillion dollars to
Central banks continued their gold-buying spree in February, although the pace of gold purchases has slowed compared to last year's near-record purchases.
The gaping price differential between spot gold and gold futures that has been plaguing the paper gold markets in London and New York for the last three weeks shows no signs of abating and is continuing to flare up.
An Estimated 40% Of Global Silver Mine Supply Now Offline
As we noted earlier, The Fed's actions this morning mean "free markets are dead."
The internal mechanics of the gold market are again showing strains under this rally. The gap between New York futures and spot prices in London is still elevated, a sign of lingering concern over future supply of the physical form of the metal.
The Fed just went full retard (even fuller retard than it had gone two weeks ago) and along with its promise to buy pretty much anything and make all collateral money-good, it has eased an apparent resurgence in dollar liquidity stresses.
In this interview Daniel Lacalle explains why the fundamentals for gold are stronger each day, and why silver and palladium should not be ignored in the current crisis.
In light of the Fed printing a new $4 Trillion dollars and Congress passing multi-trillion dollar bills, I want to introduce you to the Goldback and Goldback.com Could this currency which isn't just backed by gold but actually has gold inside of it
One market is saying "hope"...
What can the average person do to prevent their wealth being erased? These are the questions that Mike Maloney tackles in today's update, you may be surprised by some of the data and evidence that he provides for his case.
As the gold market continues to deal with global liquidity issues, and virus-lockdown-related disruptions between paper and physical pricing as extremely high physical demand creates shortages, Russia made a surprise announcement on Monday.
Peter Schiff said there's an even bigger problem looming on the horizon that people aren't paying any attention to - the potential destruction of the dollar.
By now it becoming clear to many that demand for precious metals, as the world 'turns', is far outpacing supply as major gold suppliers and sellers exclaim "there is no gold."
Early this week, we were among the first to report on the "break down" in precious metals markets.
Over the past decade, one of the most fascinating observations in the world of precious metals has been the bizarre decoupling in the supply/demand dynamics and thus pricing, between paper and physical gold.
Seven years ago - to the day - Dutch megabank ABN Amro changed its precious metals custodian rules to "no longer allow physical delivery."
A month ago, Goldman Sachs suggested there is more to come for precious metals as with rates getting closer to their lower bound, gold looks increasingly like the safest haven.
