For the last year or more, not an elephant, not a gorilla, but a dragon has been found at the dinner table. Its breath has just made everybody at the table totally bald with some scorched red faces. Now all are looking at each other, wondering who will first mention the bald guys at the table. The Shanghai levers are finally functioning, starting with the Gold Fix and continuing with the RMB-ba... read more
With continued uncertainty in global markets, today King World News interviewing the man who has been in the gold and silver business for over 40 years, and what he said about where the price of the metals are headed was fascinating.
Eric King: “Bill, I know you’ve had many smaller gold and silver sell orders taking place recently. You’ve been watching these markets for decades. Wha... read more
Forget the lies and propaganda, this is what is really going to shock the world.
Stephen Quayle, founder of SQ Metals: “Everybody knows that there is much more to the Deutsche Bank problem and their admitted manipulation of the silver market. People are now really frightened because they have been watching the purchasing power of their money being destroyed and they want a safe store of... read more
Astute observers of financial markets, especially in the precious metals sector, have long argued that small concentrations of major market players have been manipulating asset prices. Last week those suspicions were confirmed when Deutsche Bank, one of the world’s leading financial institutions, not only admitted to regulators [7] that they have been involved in the racket, but that they wer... read more
In case of emergency, central banks go back to what they know and to what works. Once silver was a monetary commodity for central banks, today only investors buy silver. Central banks have little to none silver, but things can change – fast. In case of emergency, silver can reclaim its monetary status.
Most investors will see you as a fool when you say central banks can start buying silver... read more
"Clumsy interventions" by some of the world's central banker will "destroy" the economy and usher in political chaos, a notoriously bearish Societe Generale strategist has claimed.
In a note published Friday, Edwards once again slammed loose monetary policy, pointing fingers at central bankers for failing to recognize the consequences of low interest rates and quantitative easing (QE) pro... read more
On Wednesday, Jack Lew announced that the US Treasury was following Ben Bernanke’s advice and keeping Alexander Hamilton on the $10, instead deciding to bring Harriett Tubman to the $20. While Lew’s news left America distracted in debate over whose portrait should grace the Federal Reserve’s most popular bank note, Zerohedge was highlighting how China was taking important steps to distanc... read more
Today the top trends forecaster in the world told King World News that China’s stock market crash will crash along with their economy and this will create a full-blown global panic, but gold will shine.
Gerald Celente: “George Soros came out earlier in the week warning about the Chinese debt bubble, which is estimated now to be at about $30 trillion, up from $500 billion twenty years ag... read more
Ever since the Federal government took the U.S. off he gold standard in 1971, political and financial agencies have tried their best to program the American people to believe that gold has no monetary value. This of course was done to ensure trust and confidence in the fiat Federal Reserve Note, and to propagate the illusion that debt was money, which allowed for a continued expansion of both... read more
