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The latest update from CME Group shows a huge outflow of gold held for delivery by Comex. There are now less than 6 tons of registered physical gold available for delivery. For every 207 ounces of gold claimed by paper contracts on the Comex market, there is only one ounce of physical gold in Comex […]
SilverDoctors.com interviewed Tom Power, the CEO of Sunshine Minting. Sunshine is one of the biggest suppliers of silver blanks to the United States Mint, which the Mint uses to strike the American Silver Eagle coins. Sunshine also also supplies gold and silver blanks to producers around the world, and has its own line of very […]
When Alexis meets Scott Govinsky (“Everybody calls me Gov”), she’s ready to drop out of college and pursue a small business that has been making her money. Gov convinces Alexis to not only stay in school by taking out a loan, but to go into even more debt than necessary by traveling abroad in Italy. […]
A couple weeks ago, Peter Schiff joined Fox Business on the floor of the New York Stock Exchange to discuss the possibility of the Federal Reserve raising interest rates. He shared his candid opinion that investors should avoid US stocks and look to foreign markets and gold. Remember, when the year started you had two […]
In his latest Schiff Report, Peter Schiff tears into the latest non-farm payroll jobs report, which everyone claimed could be the deciding factor for the Federal Reserve to raise interest rates. Peter also discusses the new phenomenon of quantitative tightening, which is the process of foreign central banks selling the US Treasuries they’ve accumulated. [These […]
The world’s two leading consumers of gold continue to demand more. Gold imports spiked in India in August, building on a year-long trend, as gold also continued to flow into China. According to the Times of India, 15.78 metric tons of gold were imported into India last month. That compares to 7.2 tons of gold […]
Early last week, Newsmax TV interviewed Peter Schiff and Steve Beaman, Chairman of The Society to Advance Financial Education. The had a friendly conversation about the factors that triggered the dramatic fall in Chinese and US stocks. Surprisingly enough, Beaman agreed with much of what Peter said about the Federal Reserve, though he still maintained […]
Jim Rickards defended holding 10% of your portfolio in gold on Fox Business this week. Dagen McDowell aggressively challenged his argument that gold is the equivalent of an insurance policy for your wealth, but Rickards pointed to thousands of years of history supporting his investment strategy. Rickards also stuck with his forecast for the gold […]
Foreign central banks want their gold back and they are pulling it out of Federal Reserve bank vaults. According to a recent Federal Reserve report on its foreign official assets, physical gold holdings fell 9.6 tons last month to 5,950 tons. Total foreign physical gold held by the Fed now sits at just over $8 […]
In his latest podcast, Tom Woods talks with Peter Schiff about Peter’s track record of forecasting, past and present. Peter defends the performance of his investment strategy, explaining why he thinks mainstream naysayers will soon be proven wrong. After that, Peter and Tom discuss the terrible and absurd condition of college education and the looming […]
