The world's rich are hoarding gold – this according to data buried in a recent Goldman Sachs note to clients.
Howe Street interviewed Marc Faber this week. It's well worth a listen.
Actions always speak louder than words. The word is that it's sunshine and rainbows for the U.S. economy. The actions of The Fed and central banks around the world say otherwise. They're all acting as if a global financial crisis is approaching. Ron
At a U.S. Senate subcommittee hearing Thursday, Sen. Marco Rubio called illegal gold mining in Latin America a "direct threat" to U.S. national security that has become "far more lucrative than drug trafficking" -- and noted that billions of
For the call buyer, it's not a matter of gold hitting $4,000 but rather gold hitting $4,000 by June 2021.
G4S explains how it managed one of the biggest movements of gold between global central banks in just eight trips, whereas it took the Bundesbank just about 5 years to repatriate 674 tons of gold from New York and Paris.
A bill prefiled in the South Carolina House would make gold and silver coins legal tender in the state. Passage of this bill would take a step toward creating currency competition in South Carolina and undermine the Federal Reserve's monopoly on mo
Poland has repatriated 100 tons of gold from England. National Bank of Poland Governor Adam Glapi?ski announced the yellow metal's return home on Monday.
It was long believed in the gold space that Western central banks are against gold, but things have changed, for quite some years now.
Let's first consider a typical International Monetary Fund (IMF) loan to a sovereign in trouble, and then examine a typical gold carry trade transaction to support a sovereign arms deal.
Editor's note: This is not the first time Putin has said that dollar's status as the world reserve currency is being eroded (and that America's own weaponization of it was to blame). It is also not the first time he has communicated this is som
Why Is "The Fed" Secretly Bailing Out Banks While Simultaneously Hording Gold?
Peter Schiff Warns "Ignore What The Fed Says, Look At What They Do"
For those who have at times struggled to understand the difference between COMEX inventory categories 'registered gold' and 'eligible gold', now your head can spin even more, since the CME's COMEX has just introduced a new category – 'p
(Betting on bad news?) Good news is bad news for gold.
The largest reserve gold traders on the planet are the six bullion banks. A bullion bank is a large multi-national bank authorized to serve as a conduit through which Central Banks – and the Fed primary dealers – loan their gold out into the mark
The second-biggest gold mine in Europe could be about to make investors rich.
This month, in a move which went largely unnoticed, the US and Chinese gold markets moved one step closer to lockstep, when the CME group, home of the COMEX gold derivatives market and the Shanghai Gold Exchange (SGE),
And as we've been discussing, foreign central banks are starting to dump their US dollars for gold, scooping up hundreds of metric tons of the stuff...But silver is different.
It's not just "tinfoil blogs" who (for the past 11 years) have been warning that a monetary reset is inevitable and the only viable fallback option once trust and faith in fiat is lost, is a gold standard (something which even Mark Carney hinted at r
Central Bank Issues Stunning Warning: "If The Entire System Collapses, Gold Will Be Needed To Start Over"
Money manager Peter Schiff says the Federal Reserve has already started a new money printing program that continues to expand the debt bubble and keep global markets propped up
While some investors still naively hold on to the belief that the consistently manipulated...
John Kiriakou (CIA torture whistleblower) on CIA tactics, laws, truth, ethics, etc...and how it plays in to what's going on today - Peter Schiff (CEO/Chief Global Strategist of Euro Pacific Capital Inc.) on the financial markets and economics
Chinese police searched the house of Zhang Qi, 57, the former mayor of Danzhou, and found a large amount of cash, as well as 13.5 tons of gold in ingots, valued at $625 million, in a secret basement of his home, according to local media.
Right on cue, as we detailed here, precious metals prices have been pummeled as China Golden Week begins...
Trump wants to cure trade imbalances via tariffs. It cannot possibly work. Another Look at NAFTAOne of my readers proposed that problems US balance of trade issues started with NAFTA. Wrong!
Amid heavy volume, precious metals markets are tumbling this morning as the surge in uncertainty from the Democrats starting impeachment inquiries and BoJo's loss on suspending the UK government among other things has sparked a buying panic in the do
I asked Tom Beck, founder of PortfolioWealthGlobal.com, to email me his thoughts about the incredible story of the Dollar Credit Squeeze, the Repo Operation by the FED.
South Korean exports collapse most since 2009... European PMIs were ugly (Germany worst since 2013)... US Services PMI Employment contracts most since 2009... but apart from that, trade-talks might or might not be going well or terribly.