CAPE TOWN, South Africa -- Speaking at the Mining Indaba conference here, James Turk forecast that gold could reach $8,000 per ounce by 2013-2015. He added that that may be too conservative. Turk, the founder of digital gold currency GoldMoney, said individuals should own bullion not as an investment, but as a wealth preserver. “Gold is not a commodity. It is not volatile. It is not... read more

ST. LOUIS (AP) -- Global food prices have hit "dangerous levels" that could contribute to political instability, push millions of people into poverty and raise the cost of groceries, according to a new report from the World Bank. The bank released a report Tuesday that said global food prices have jumped 29 percent in the past year, and are just 3 percent below the all-time peak hit in 2008.... read more

The numbers for silver demand are starting to make some market-watchers nervous. The U.S. Mint sold over 6.4 million silver Eagles in January, more than any other month since the coin’s introduction in 1986. China’s net imports of silver quadrupled in 2010, to 122.6 million ounces, roughly 13.7% of global production. Meanwhile, mine production can’t meet worldwide demand; the only way dem... read more

With gold and silver off of the recent lows and the US Dollar staying below key support at 78.50, the Godfather of newsletter writers Richard Russell asked this important question,“Will the dollar continue its fall, and will the Dollar Index break below its March 2008 record low of 72.165?” Russell continues: “A typical know-nothing article appeared in Saturday's Wall Street Journal... read more

As riots spread across the world, having started first in Europe and now engulfing the Middle East, most people in the U.S. outright reject the possibility that the same could happen right here at home. But the fact of the matter is that we remain in economic crisis and there is A Real Possibility Of A Total Collapse Of The System [1]we have come to know. If the system does happen to collaps... read more

Dominique Strauss-Kahn, the IMF's chief, said the economic rebound across the world is built on unstable foundations, with many rich nations still strapped in job slumps while the rising powers of China, India and Brazil already facing the threat of overheating. "It is not the recovery we wanted. It is a recovery beset by tensions and strain, which could even sow the seeds of the next crisis,"... read more

What could cause an economic collapse in 2011? Well, unfortunately there are quite a few "nightmare scenarios" that could plunge the entire globe into another massive financial crisis. The United States, Japan and most of the nations in Europe are absolutely drowning in debt. The Federal Reserve continues to play reckless games with the U.S. dollar. The price of oil is skyrocketing and the... read more

SAN FRANCISCO (MarketWatch) — Gold prices have lost around $75 an ounce this year but analysts are unfazed by the drop, with many betting the slump in prices will soon be cut short as the Chinese New Year feeds an increase in global demand that’s destined to last. “We are entering a period of strong seasonal growth in gold demand and Chinese New Year is a big part of that,” said Brie... read more

When it comes to state visits the devil is in the detail. It's the nuances of the arrangements that allow you to calibrate just how important a relationship is. That's why the world has been watching the visit of the Chinese President Hu Jintao with such attention. The state dinner at the White House - described as an "intimate" event - apparently signifies that Washington rates China as pretty... read more

Fed Governor Hoenig shocked many observers yesterday when he stated, “The gold standard is a very legitimate monetary system...We're not going to have fewer crises necessarily. You will have a longer period of price stability or price level stability, but I don't know that you'll have lower unemployment, I don't know that you'll have fewer bank failures.” King World News immediately inter... read more