Bailout Nation: Moral Hazard and Low Economic Growth

Posted on
falling dollars 1024x576 1

July 8, 2020  by SchiffGold  0   1 Bailouts are the name of the game right now. It seems like everybody is in line for a bailout. Airlines. Movie theaters. Small businesses. Hospitals. Not to mention the fact that the Federal Reserve has resorted to directly buying corporate debt. Conventional wisdom tells us this is necessary. After all, the… Read More

The Fed: The Engine that Powers the Most Powerful Government in History

Posted on
capitol 176159 1280 1024x577 1

July 8, 2020  by Michael Maharrey  0   0 The Federal Reserve serves as the engine that makes all of the US government’s unconstitutional spending possible. Without the Fed, the entire system would collapse. Just consider this: in March and April of this year, the Federal Reserve effectively monetized 100 percent of the new debt taken on by the… Read More

A potential crisis in Comex gold

Posted on
Screen Shot 2020 07 07 at 2.27.20 PM

We are all used to the bullion banks covering their shorts on Comex by waiting until the speculators are over-bullish and vulnerable to mark-downs that trigger their stops. Algorithmic traders go from long to short in a heartbeat as well, and they dump contracts into a falling market, speeding up the decline. We should say… Read More

Coronavirus Put the “War on Cash” Into Hyperdrive

Posted on
burning money 1024x575 1

July 7, 2020  by SchiffGold  0   0 Last month we reported that the Chinese government has launched a pilot program for a digital version of the yuan. The virtual currency ups the ante in the war on cash and creates the potential for the government to track and even control consumer spending. China isn’t alone in using COVID-19… Read More

Gold Prices Move Up Is Likely to Be Rapid

Posted on
gold move rapid MA60

Gold – Entering the red zone with room to run in terms of distance from the 60-day moving average. Silver – Stage 1 still in progress. Reproduction, in whole or in part, is authorized as long as it includes a link back to the original source. Source:

A Long and Perilous Journey

Posted on

Miles Franklin sponsored this article by Gary Christenson. The opinions are his and are not investment advice. Suppose you knew tragedy would occur at the end of a long journey. That knowledge would change your behavior, attitudes, and expectations. Global financial systems are near the end of a long journey. What Long Journey? Most unbacked… Read More

(Un)Happy Deficit Day

Posted on
lightning capitol 1024x576 1

July 6, 2020  by SchiffGold  0   0 On June 9, the national debt surged above $26 trillion. Just over one month before that, the debt eclipsed $25 trillion. And 28 days before that, the national debt stood at a mere $24 million. May’s budget shortfall came in at a staggering $398.8 billion, pushing the fiscal 2020 deficit to… Read More

Silver and Platinum Bar Deliveries Surge As Banks Take Delivery

Posted on
698x 1

◆ Physical Demand Supply Imbalance Spreading from Gold to Silver and Platinum and Prices To Gain ◆ ‘Chaos’ in gold markets ripples to silver and platinum markets ◆ Silver, platinum exchange physical bar deliveries surge as banks reposition ◆ Falling open interest signals increase of metal on CME exchanges as turmoil causes inventories to jump… Read More

The #1 Question for Beginners in Precious Metals

Posted on
buy hold sell

More new people may have made their first purchase of physical gold or silver in the past 4 months than in any four-month period in history. This sort of data isn’t reported and tracked. But if our experience as one of the nation’s largest precious metals dealers is representative, we believe that’s the case. We’ve… Read More

Fun on Friday: Should We Just Cancel Independence Day?

Posted on
declaration of independence 1024x576 1

July 3, 2020  by Michael Maharrey  0   0 Independence Day has always been one of my favorite holidays. I love the food, the fireworks and the parades. And the message of independence has always resonated with me – ever since I was a little kid. Unfortunately, Fourth of July festivities have been canceled in most cities and counties … Read More

Prices are going to rise — and fast!

Posted on
XAU 80

With stockmarkets barely ruffled, few are thinking beyond the very short-term and they are mostly guessing anyway. Other than possibly the very short-term as we emerge from lockdowns, the economic situation is actually dire, and any hope of a V-shaped recovery is wishful thinking or just brokers’ propaganda. But for now, monetary policy is to… Read More

Gold Has Charted Gains for Seven Straight Quarters

Posted on
400 oz Gold Bars AB 01 1024x583 1

July 2, 2020  by Michael Maharrey  0   0 Gold just had its best quarter since 2016 and finished at its highest level in over eight years. But Q2 2020 wasn’t an anomaly. Gold has charted gains for seven consecutive quarters. That represents the longest quarterly run of gains for the yellow metal since the 2008 financial crisis. Looking… Read More

Fed Minutes Show No Sign of Backing Off Monetary Hail Mary

Posted on
fed seal 1024x575 1

July 2, 2020  by Michael Maharrey  0   0 Don’t expect the Federal Reserve to pull back on its monetary Hail Mary anytime soon. The central bank released the minutes from the June meeting yesterday. There were no big surprises, but they did reaffirm the Fed’s commitment to continuing its unprecedented monetary policy into the foreseeable future. And it… Read More

Not Too Late Declare Your Independence from Currency Debasement

Posted on

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Last week we heard the first half of an interview Money Metals president Stefan Gleason did during a recent 360 Gold Summit. Today we’ll hear part two of that interview. Stefan gives some important warnings to gold and silver investors; discusses why he favors one… Read More

India Monsoon Season Could Make Gold Demand Grow

Posted on
downpour 42 1280 1024x576 1

July 1, 2020  by SchiffGold  0   0 Gold just wrapped up a strong quarter, up 13%, and finishing at the highest price level in over eight years. On the year, gold is up about 16% and many mainstream analysts are starting to eyeball record gold prices in the coming months. But there has been some drag on the… Read More

These Are the Times That Call for Gold

Posted on

As third quarter trading kicks off following a tumultuous first half of the year, investors are hoping for an auspicious July. Both stocks and precious metals posted impressive advances in the second quarter. The S&P 500 finished the April-June period with a gain of nearly 20%, its best quarterly performance since 1998. The Dow Jones… Read More

Citibank Joins Mainstream Gold Bulls Forecasting Record Prices

Posted on
citi 1024x576 1

June 30, 2020  by SchiffGold  0   0 Citibank has joined other mainstream gold bulls calling for record gold prices. Citi raised its gold price forecast this week. It now projects a three-month price of $1,825 per ounce and for the yellow metal to head into record territory in 2021. Citi analysts expect gold to eclipse the $2,000 mark… Read More