Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)
POSTED ON September 6, 2019  - POSTED IN Fun on Friday

Did you know that Snopes has fact-checked the Babylon Bee on multiple occasions? True story. In the obsession to root out “fake news,” fact-checking sites have resorted to fact-checking satire and parody articles.

POSTED ON September 6, 2019  - POSTED IN Friday Gold Wrap

Here we go again!

Gold and silver both took a tumble yesterday because US and Chinese officials are reportedly going to have a meeting. Hope that this might mean a thaw in the trade war boosted risk sentiment and drove profit-taking in the precious metals markets.

We’ve seen this song and dance before. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about it. He also points out some very interesting Federal Reserve news that nobody in the mainstream has even mentioned.

POSTED ON September 4, 2019  - POSTED IN Peter's Podcast

US manufacturing activity contracted in August, according to the latest data.

The Institute for Supply Management (ISM) PMI index for August came in at 49.1. Any number under 50 signals a drop in manufacturing. This was the first contraction in three years and the first time the index has dropped below 50 since August 2016. August marked the fifth straight monthly decline.

Meanwhile, IHS Markit PMI hit 50.3, the lowest number since September 2009 – in the aftermath of 2008 crash.

POSTED ON September 4, 2019  - POSTED IN Key Gold Headlines

Central banks continue to gobble up gold.  Globally, the world’s central banks added another net 13.9 tons of gold to their reserves in July.

While this was the lowest net increase in global central bank reserves since August 2017, the number was skewed downward by a significant gold sell-off by Uzbekistan. Gross purchases by the world’s central banks came in at 36.4 tons, according to the latest data released by the World Gold Council.

POSTED ON September 3, 2019  - POSTED IN Peter's Podcast

The Federal Reserve makes life easier for politicians by pursuing monetary policies that shield them from the consequences of bad economic decision-making. By keeping interest rates low and printing money, the Fed hides the nefarious impact of government spending, trade wars and other bad policies.

Peter Schiff talked about this in a recent podcast.

POSTED ON August 30, 2019  - POSTED IN Fun on Friday

As I write this, Hurricane Dorian is taking aim at Florida. What’s fun about that? you might ask. Well, nothing. And I don’t want to minimize the potential for disaster. But the hurricane hasn’t hit yet and the runup to a storm provides a lot of amusement and some educational moments. I just can’t resist.

POSTED ON August 30, 2019  - POSTED IN Friday Gold Wrap

Gold has had a pretty solid month, but silver has been going up like it’s on rocket fuel.

In this episode of the Friday Gold Wrap, host Mike Maharrey takes a close look at the silver market and what’s going on there. He talks a little trade war, saying that maybe we shouldn’t be talking so much about the trade war. And he also touches on some economic news that came out the week.

Call Now