Today a man who has lived in 18 countries around the world, and witnessed collapses in many of these countries firsthand, told King World News “They know what’s coming and they don’t want people protecting themselves.” Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter c... read more
China, Russia and other nations are exiting their dollar-denominated holdings in favor of gold. This action should put pressure on the dollar and U.S. treasuries, pushing not only central banks, but mainstream investors towards the safety of precious metals and other tangible assets that cannot be defaulted on. There will be a rush out of dollars and into assets with no counter-party r... read more
Gold sales from Australia’s Perth Mint, which refines most of the bullion from the second-largest producer, rose in October as a drop in prices to a three-month low spurred demand and the mint filled a backlog of orders.
Sales of coins and minted bars climbed 13 percent to 77,255 ounces last month from 68,488 ounces in September, accord... read more
Gold has been stuck in a trading range since its dramatic fall earlier in the year. Many times these trading ranges signal that a market doesn't really have a strong conviction of the direction of the asset, and thus they simply trade the chart. But this may be coming to an end because this Thursday we have a potential catalyst that may put a fire under gold, and reward investors of physical go... read more
The Indian government has restricted the importation of gold. So Indians have switched to silver:
Starved of gold, Indians may import record volumes of silver (Reuters) - Indian silver imports are on pace to hit a record high this year as the wedding and festival season drives up... read more
Gold Bug Schiff Counters Goldman on First Drop Since 2000 ... Peter Schiff lays an iPod-sized bar valued at about $40,000 on the sun room floor of his Connecticut mansion, and calculates it would cost about $250,000 for each floor tile to pave the room with gold. He shows off $50 gold chips, to be used when paper money becomes worthless,... read more
As the Banks & Brokerage Houses continue to forecast the tapering of the QE by the end of 2013 or beginning of 2014, the only choice the Fed will have will be to increase not decrease monetary stimulation. QE 5 is coming because U.S. economic indicators continue to disintegrate.
According to a recent post by Zero Hedge, read more
The price of gold has been falling for more than two years, alleviated by the occasional sucker rally and a stretch of tedium in 2012 that made the year tolerable at best for long-term investors. Any complacency they may have felt back then was not to last, however, for quotes fell a further 30% between February and June. And although they initially bounced back sharply with a 20% rally that go... read more
