The U.S. dollar has just been knocked down and forced to serve the interests of the world against the will of the American people. The dollar has been Shanghaied! The term “Shanghaied” refers to the 19th-century practice of sailors forced to serve against their will on vessels bound for Shanghai and other ports in China. Victims were often from West Coast port cities such as San Francisc... read more

Late last year, the Godfather of newsletter writers, Richard Russell, warned people to be prepared for the massive financial destruction that is ahead: “It’s 1945 and I’m just getting out of the Air Force. Millions of men are being released from the armed services and they are all looking for jobs. Jobs are almost impossible to find at that time, but happily my parents know the head of a... read more

Goldman Sachs is at the center of a probe into the rigging of U.S. Treasury Auctions, which was the same allegation that resulted in the Treasury shutting down Salomon Brothers in 1991. I wrote about this incident when Salomon was caught. The fact that such rigging in commodities markets was standard for decades was common knowledge. When the commodity industry took over, the practices of such... read more

Ask any casual observer of the silver market what happened to the metal over the past five years and you’re likely to hear how the price fell from nearly $50 in April 2011 to under $14 at recent lows – a stunning decline of 70%. If you inquire further, you’ll likely hear a number of reasons for the decline, ranging from an oversupply of the metal, a strengthening dollar, falling inflation... read more

The last four years have seen a significant correction in the metals market. Gold has corrected almost 46% from its highs, whereas silver has corrected over 70%. One cannot view the mining stocks as being anything less than absolutely decimated. Several weeks ago, I read a column on MarketWatch, which suggested that buying gold today is like buying stocks in 2009. While it is an interesting... read more

Despite the pullback in silver, today a 50-year market veteran told King World News silver will outperform gold by a factor of 4 – 5 times. John Embry: “I’m fascinated by the recent disconnect between the gold price and the HUI gold share index, which has now rallied over 80 percent in the last two months… Continue reading the John Embry interview below… John Embry conti... read more

Financial portfolio review F. Scott Fitzgerald, author of The Great Gatsby, famously said, ‘The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function’. My update on Fitzgerald is that investors today who want to be first-rate need to hold three opposed ideas in mind at the same time. Those three ideas... read more

It's 1790 All Over Again Hugo Salinas Price It was 1790 and the revolutionary National Assembly in Paris was worried. Complaints were reaching the Assembly from all over France, that business was stagnant, sales were down, people were without work, and there was a great scarcity of money. This was quite natural, because all business slows down when the prevailing source of Authori... read more

Federal Reserve officials often use two words to summarize their plans for monetary policy over the next three years or so: "gradual normalization," meaning that interest rates will move slowly and in an upward direction. It's a phrase that could prove problematic if economic developments require a different response. In public statements and projections, Fed officials have suggested that... read more

Is gold a commodity, an investment, or money? The answer is that gold is a chameleon. It changes in response to the environment. Gold is making an important change right now. Investors who understand the change can benefit from an allocation to gold. At times, gold behaves like a commodity. The gold price tracks the ups and downs of commodity indices. At other times, gold is viewed as a s... read more