Following yesterday's admission by the new head of Ukraine's central bank of the considerable bank runs in recent days and the rapid dwindling of central bank reserves, Sergiy Kruglik - the director of international affairs for the bank - announced this morning that Ukraine has adandoned the dollar peg and will adopt a flexible exchange rate. The Hyrvnia collapsed through 10.0... read more
Today London metals trader Andrew Maguire spoke with King World News about the massive amount of gold being smuggled into India and the reason why silver may now be set to skyrocket. Below is what Maguire had to say in Part III of this incredibly powerful series of interviews.
Maguire:  “Here is the problem, and why these... read more
Gold and silver on Monday advanced for a second consecutive session with gold prices hitting a near four-month high and silver prices topping $22 an ounce.
Gold for April delivery closed up $14.40, or 1.1%, to $1,338 an ounce on the Comex division of the New York Mercantile Exchange. The settlement price was the highest since Oct. 30.
"Goldâ€... read more
This week has seen precious metals prices rise strongly, with the bears caught on the hop. The chart below shows gold which at the time of writing has been consolidating under overhead supply in the $1330-50 level.
The squeeze in silver has been more dramatic, the price rising 15% this month so far. Ag... read more
The squeeze in silver has been more dramatic, the price rising 15% this month so far. Ag... read more
As Wall Street and the financial media carry on business as usual, the underlying foundation of the U.S. economy continues to disintegrate. Very few Americans realize we have past the point of no return. This holds true for many of the precious metals investors.
Even though precious metal investors are more educated and better prepared than the typical American as it pertains to the upco... read more
Gold may post its fourth week of gains as concern of prolonged political unrest in Ukraine raises fears of a sovereign default, fueling demand for safe-haven assets including bullion.
A breakthrough peace deal for the former Soviet state halted days of violence that had turned the center of the capital into a war zone and killed 82 people. It brought sweeping political change that met many d... read more
Last week I discussed long-term cycles for gold so I thought I would follow this up with some notes on long-term cycles for silver. One would presume that silver’s cycles are the same as gold and they would be wrong. Given their similarities as precious metals, their cycles do overlap so that it appears that their cycles are the same. But gold and silver ma... read more
The wall of fiat money created over the last five years is staggering, offset only by the stasis that pervades its exchange. Money velocity is the key variable that will signal the character of confidence and the next wave of inflation.
Money Mechanism for Money Velocity
One common denominator for all documented hyperinflations, including those of so-called reserve currencies, has... read more
Gold rose to the highest price in more than 16 weeks in New York on speculation weaker U.S. economic data and political turmoil in Ukraine increased haven demand. Silver also reached the highest since October.
Sales of previously owned U.S. homes dropped in January to the lowest level in more than a year, data showed Feb. 21. In Ukraine, lawmakers yesterday gave presidential powers to parlia... read more
China has supplanted India as the number-one consumer of the world's gold, according to new numbers from the World Gold Council, even as the global supply of gold fell last year. Erin Ade reports.
Then, Erin sits down with George Selgin of the University of Georgia and the Cato Institute to discuss whether the inflexibility of the gold standard contributed to debt-deflation in the 1930's.... read more
