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
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
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
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we dive into China with one of the foremost experts on the subject Gordon Chang. Gordon shares his thoughts on the U.S.-China trade war and why he believes it’s not likely to end anytime soon, talks about the pending economic catastrophe he sees… Read More
Harry Dent says gold is in a bubble, and according to his analysis, warns that it could go back down to $700. If the gold price were to crash lower to $700, as Dent forecasts, then 50+% of the gold mining industry would have to shut down. Why? Because the top gold miners total cost… Read More
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
August 15, 2019 by SchiffGold 0 0 Economist Art Laffer owes Peter Schiff a penny after losing a 2006 bet. Now Peter is ready to go double or nothing. Peter won the penny on a bet he made with Laffer on Larry Kudlow’s TV show back in 2006. Peter said the economy as going to crash. Laffer said… Read More
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
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
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
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
August 14, 2019 by SchiffGold 0 0 The gold market took a one-two punch on Tuesday as Trump made some concessions in the trade war and inflation numbers came in a bit higher than expected. Peter Schiff talked about it in his latest podcast, saying gold traders still don’t understand the gold rally. [embedded content] Stock markets surged… Read More
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
If you buy shares in a silver mining company, you will have to assume additional market risks compared to ownership of silver bullion. You may wish to do so in order to potentially gain leveraged exposure to silver prices. What you may not realize, however, is that most of the publicly traded “silver” stocks out… Read More
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
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
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
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
While the gold and silver prices have broken out higher, precious metals investors are wondering if the rally will continue throughout the rest of the summer. Since the beginning of June, gold has gone up $250 while silver has increased $3. Gold is now trading above $1,500 for the first time since 2013 and silver… Read More
Mike Gleason: It is my privilege now to welcome back our good friend David Morgan of The Morgan Report. David, it’s always good to have you on and appreciate you joining us today. How are you, sir? David Morgan: Mike, I’m doing all right and it’s good to be with you. Mike Gleason: Well, David,… Read More