Market looks to Yellen comments set for Thursday * Dollar flat, U.S. bond yields fall * Lack of physical demand could weaken prices By Clara Denina LONDON, Nov 13 (Reuters) - Gold rose on Wednesday, snapping a four-day fall, after U.S. Federal Reserve officials gave mixed signals on the timing for rolling back monetary stimulus and the dollar stabilised. In the absence of U.S. ec... read more
I’m kind of a big picture guy. I would like to see the government of China issue aparallel gold-based currency, in the form of banknotes and coins, for widespread use within China and around the world — or, at least, to sanction some private institutions to do so, as Hong Kong does today. Full banking o... read more
When one understands the widely pervasive but narrowly understood phenomenon of cognitive dissonance that permeates most of the Western world, it is not so difficult to put into context the disparity between demand for physical gold and silver and supply for the faux paper market. There is a growing sense for many that everything in the financial world is out of line, and way out of line for ma... read more
Gold prices broke below the $1300 an ounce level last week hitting a three-week low, weighed down by a stronger U.S. dollar and some upbeat U.S. economic data. And, prices have remained under some downward pressure this week. It seems that prices have fallen due to trader activity on the futures markets of Comex, as sentiment towards gold has once again turned bearish on renewed speculation... read more
I think it’s interesting how people, including the mainstream media, discuss an issue without truly understanding what it really means. It seems that skimming the surface is good enough these days, as no one seems to want to dig a little deeper. One example is the recent reports from Chinese Premier Li Keqiang, who stated that the  read more
"It will end badly," Marc Faber explains in this brief CNBC clip, "the question is whether we will have a minor economic crisis and then huge money printing or get into an inflationary spiral first." If you thought that "we had a credit crisis in 2008 because we had too much credit in the economy," then Faber notes "there is that much more credit as a percent of the economy now... read more
In 2012, the U.S. Mint sold 753,000 ounces of gold bullion in coins. So far this year, until November 6, the Mint has sold 761,000 ounces of gold bullion in coins—and we have two more months to go in 2013. (Source: U.S. Mint web site, last accessed November 6, 2013.) If we assume U.S. Mint sales of gold bullion coins will be the same for the months of November and December as last year’s... read more
WHAT is a central banker’s main job? Ask the man on the street and the chances are he will say something like “keeping a lid on inflation”. In popular perception, and in their own minds, central bankers are the technicians who squeezed high inflation out of the rich world’s economies in the 1980s; whose credibility is based on keeping it down; and who must therefore always be on guard l... read more
An interview with Dennis Miller of Miller's Money Forever, by Jeff Clark We get a lot of questions from readers about what role precious metals should play in retirement planning, so we figured, who better to ask than our own Dennis Miller, editor of Miller's Money Forever. In the following interview, Dennis talks about how to categorize investments, why... read more
 
It's starting to feel like we are part of a giant poker game against the US government, whose hand is the true condition of the American economy. The government has become so good at bluffing that most people feel compelled to watch how the biggest players in the game react to determine their own investment strate... read more