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Advocates of government stimulus are running victory laps on recent developments that appear to vindicate their strategy. In particular, Paul Krugman compares the sluggish growth in Europe to the somewhat-less-sluggish growth in the US to prove that stimulus was more effective than austerity. Other economists are using government inflation measures to defend Fed Chairman Bernanke’s […]
Though much has happened in the gold market this month – notably, a Fed pledge that has awakened the sleeping bull – we wanted to take a step back and shed some light on what is fundamentally driving the precious metals market today. A Wall Street pro named James Rickards recently released his first book, […]
What is with people purchasing very important investments in shopping plaza parking lots?! I must stress that skepticism is your best friend when loading up your car at the local Target or Wal-Mart and you’re approached by a bullion dealer. The chances of a legitimate bullion salesperson meandering through the lot selling legitimate silver are […]
Will European Sovereigns Have to Sell Their Gold? MarketWatch – To make ends meet, European sovereigns may soon have to dig deep into their pocketbooks and jettison some of their gold reserves. At 2,452 tons, Italy enjoys the world’s fourth-largest gold reserves. Current value: $123 billion. Rome’s budget deficit for 2011: $80 billion. France, meanwhile, […]
With its announcement this week that it will keep interest rates near zero until at least late 2014, the Federal Reserve has put another large crack into the foundations underlying the US dollar. In a misguided attempt to provide clarity and transparency, Ben Bernanke has instead laid out a simple road map for economists and […]
As gold scams pop up around the country and world we are providing you information in order to help you avoid becoming a victim of the scams. This time around it’s not the precious metal dealer that is scamming you. It’s the one rating the deceitful precious metal dealer. Peter Schiff talked this month on […]
This isn’t the first time an Irish passport has been used to forge a company and/or person’s existence. This time around it is believed that a group from Nigeria put together a massive gold scam that almost amounted to over €100 mil in gold from US investors. They told the investors that the unprocessed gold […]
Recent U.S. economic data, such as the modest drop in the unemployment rate and the massive expansion of consumer credit, have suggested that the American economy is finally recovering. Opposite conclusions are being thrown at Europe, where many are convinced that recession is returning. Not surprisingly then, the dollar is currently hitting a multi-year high […]
By Peter Schiff For such a wonderful year for precious metals investors, the final calendar quarter left little to celebrate. Just as people now take for granted that their phones will also take pictures, play music, and surf the internet, many investors have come to expect gold and silver to move up in a straight […]
Casey Research’s Gold Commentary 2011 was remarkable in many ways for the precious metals markets. Gold soared to new highs in early September, hitting at an intraday record of $1,920/ounce on the 5th. Silver screamed to within a hair of $50 on April 28. Corrections ensued, and the metals ended the year on a disappointing […]
