It’s Time to Get Serious about Silver

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top silver producing countries 300x218

The World Silver Survey 2019 Review, the institute’s annual World Silver Survey said that global silver demand hit a three-year high in 2018, surpassing more than one billion ounces, an increase of 4% from 2017. At the same time, global silver mine production fell for the third straight year, dropping 2% in 2018 to 855.7 million ounces.… Read More

Fun on Friday: Politicians Are Liars Edition

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nixon

August 16, 2019  by SchiffGold  0   0 Politicians are liars. I’m sure you don’t need me to tell you this. Let’s just call it a friendly reminder. I was reminded of this fact as I wrote an article about the anniversary of Richard Nixon slamming shut the gold window for the Tenth Amendment Center. Yup. That anniversary was… Read More

Recession Warning! SchiffGold Friday Gold Wrap Aug. 16, 2019

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new gold wrap

August 16, 2019  by SchiffGold  0   0 The bond market flashed a major recession warning sign as the yield curve inverted this week. Meanwhile, Trump whipsawed markets when he appeared to blink in the never-ending trade war with China. That made for an interesting week for gold. In this week’s Friday Gold Wrap podcast, host Mike Maharrey breaks… Read More

Silver prices with explosive upside

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Silver prices have lagged gold prices since 2017 which has pushed the gold-to-silver ratio close to the all-time high. Silver prices are also significantly below what is predicted by our pricing model. We think that the reasons for this subdued performance are transitory and that silver will outperform gold again as the next precious metals… Read More

Yield Curve Inverts Flashing Recession Warning; Stocks Plunge

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August 15, 2019  by SchiffGold  0   0 The yield on the 10-year Treasury fell below the yield on the 2-year for the first time in 12 years, stoking recession fears and tanking stock markets. Yield curve inversions have preceded all nine recessions since 1955.  This was the first time the 10-year Treasury yield has dropped below the 2-year… Read More

Government Action Will Push Gold Ever Higher

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currency race bottom vs gold

History is full of mad leaders from the Babylonian King Nebuchadnezzar, the Roman Emperor Caligula to many English and French kings as well as modern examples. But the question is if we have ever had such a mad world as today. Globally, ethical and moral values have vanished and decadence is rampant. And financially there… Read More

Inflationary financing and GDP

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This article demonstrates that only government borrowing in the US and UK drives GDP growth. This surprising conclusion is confirmed by long-run statistics. GDP does not represent economic progress, nor does it include the expansion of activity in the non-financial private sector, because that marries up with larger trade deficits, which are excluded from GDP.… Read More

Why is China Now Buying Futures?

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Chinese2BFutures

If I am correct in thinking the whale in the market is the Peoples Bank of China, then instead of suppressing the silver price, she is now hedging approximately one year’s silver imports against future price rises. Having pinpointed the switch from price suppression to futures accumulation to approximately March 2017, we can now say… Read More

China Adds 10 More Tons of Gold to Its Hoard

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china on globe

August 14, 2019  by SchiffGold  0   0 China bought gold for the eighth straight month in July, adding another 10 tons to its rapidly growing hoard. The recent purchases boosted the People’s Bank of China’s gold reserves to 62.26 million ounces – about 1, 945 tons.  China has added about 94 tons of gold to its stash over… Read More

The Fed Has the US Economy on Life Support

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August 13, 2019  by SchiffGold  0   0 The Federal Reserve has the US economy on monetary life support and Daily Reckoning managing editor Brian Maher says it will never again breathe on its own. As hedge fund manager Kyle Bass put it, the economy is trapped within the inescapable tractor beam of zero percent interest rates. As we… Read More

Will Christine Lagarde Kill the Euro?

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Christine Lagarde was appointed President of the European Central Bank (ECB) on July 2, replacing Mario Draghi, and this is undoubtedly a victory for Emmanuel Macron because the prospective candidate, the German Jens Weidmann, had repeatedly criticised the ECB’s lax policy. His appointment would have meant a rise in interest rates, and therefore major difficulties… Read More

It's Time to Get Serious about Silver

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top silver producing countries forecasted change in mine supply 2017 vs 2018f

The World Silver Survey 2019 Review, the institute’s annual World Silver Survey said that global silver demand hit a three-year high in 2018, surpassing more than one billion ounces, an increase of 4% from 2017. At the same time, global silver mine production fell for the third straight year, dropping 2% in 2018 to 855.7… Read More

The Precious Metals Are Setting Up For Big Moves Higher

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gold price monthly chart 190719 6

After six long years, the precious metals are finally setting up for BIG MOVES higher. Even though the gold price has increased significantly over the past two months, we haven’t seen anything yet. Of course, gold has already enjoyed big moves in other currencies such as the British Pound where it has reached an all-time… Read More