• EconMatters
    11/24/2015 - 14:25
    Focus on policies promoting economic growth, lower taxes, and spending tax receipts more efficiently and not on one`s sexual orientation in the bedroom.

Precious Metals

GoldCore's picture

Gold and Silver Bullion Demand Very Robust - Delays and Premiums Rising

The incredibly strong demand for physical precious metals around the world continues to be obscured by institutional selling of futures contracts on the COMEX. The paper or electronic market continues to dominate the spot price for now. But rising premiums and delays for popular bullion products suggests that proper price discovery reflecting real world supply and demand may be at hand.

Tyler Durden's picture

War Is The Health Of The State - Protecting Yourself From "Financial Tyranny"

Our current monetary system is the root cause of many evils of today. Let’s take war, a topic we discussed in this article, as an example. Without a monetary system that creates currency out of thin air, most of the wars that we have had and still have would simply not be financeable. This system is controlled by a few, who change the rules to their own benefit. And as we have seen they use their privileges to finance wars and to bribe politicians. By holding your wealth in precious metals you are rejecting the current system and also protecting yourself from “financial tyranny”. This includes: capital controls, expropriation, bail-ins, bailouts, negative interest rates, market manipulation on a wide scale and massive paper currency fluctuations.

Sprott Money's picture

U.S. ‘Justice’ Department Proclaims Big Banks Have A License To Steal

First we had “too big to fail”. Then came “too big to jail”. Now, finally, the U.S. Department of “Justice” is letting us know what it really thinks: U.S. Big Banks simply have a license to steal.

Tyler Durden's picture

A Flock Of Black Swans

Major depressions do not occur overnight. They go in downward waves, interrupted at intervals by false recovery waves.  But the collapse will continue, unstoppably. Like any house of cards, once it begins to actually fall, no further Band-Aids will stop the inevitable. So, what might that trigger be?

Tyler Durden's picture

Peter Hambro: "It's Virtually Impossible To Get Physical Gold In London"

"They [the Chinese] have been buying and the Indians have been buying in enormous quantities. It’s virtually impossible to get physical gold in London to ship to those countries. We get permanent requests from Russia, would we please sell our physical gold.... Because there is no physical, only endless promises. And I really worry..."

Tyler Durden's picture

Bank Caught Using Fake Gold As Reserve Capital In Russia

Over the past several years, incidents involving fake gold (usually in the form of gold-plated tungsten) have emerged every so often, usually involving Manhattan's jewerly district, some of Europe's bigger gold foundries, or the occasional billion dealer. But never was fake gold actually discovered in the form monetary gold, held by a bank as reserve capital and designed to fool bank regulators of a bank's true financial state. This changed on Friday when Russia's "Admiralty" Bank, which had its banking license revoked last week by Russia's central bank, was reportedly using gold-plated metal as part of its "gold reserves."

Phoenix Capital Research's picture

Two Clear Signs That the Political/ Financial Elite Know Another Crisis is Coming

Behind the veneer of “all is well” being promoted by both world Governments and the Mainstream Media, the political and financial elite have begun implementing moves to prepare for the next Crisis.

Tyler Durden's picture

Visualizing China's Mind-Boggling Consumption Of The World's Raw Materials

Over the last 20 years, the world economy has relied on the Chinese economic growth engine more than it would like to admit. The 1.4 billion people living in the world’s most populous country account for 13% of global GDP, which is significant no matter how it is interpreted. However, in the commodity sector, China has another magnitude of importance. The fact is that China consumes mind-bending amounts of materials, energy, and food. That’s why the prospect of slowing Chinese growth is likely to continue as a source of nightmares for investors focused on the commodity sector.

Tyler Durden's picture

It's Precious Metals Pummeling Time

On heavy volume, it appears someone once again decided that 9amET was the perfect time to dump paper gold and silver on the futures market...

GoldCore's picture

Geopolitical Risk, Significant Chinese Demand Supporting Gold

Fostering dependence on irresponsible banks and a still very vulnerable banking sector will make the entire western financial and economic system even more vulnerable.

Tyler Durden's picture

Anyone Who Believes The COMEX Numbers Is Very Naive (They Are Much Worse!)

Following our detailing the Comex gold futures to deliverable physical gold ratio that is now north of 200:1, several correspondents noted that "they are probably bluffing...based on JPMorgan's previous lies, the real number is likely significantly higher than 200:1." History tells us that all Ponzi schemes and market interventions fail, and it appears we are on the cusp of a massive failure in the scheme to cover up the truth about the precious metals market.

GoldCore's picture

Gold Bullion Allowed As Collateral in China

This development is an important one for the gold market and is bullish for gold. It shows, once again, that gold is slowly but surely becoming a cash equivalent and as money again.

Sprott Money's picture

Protecting Your Loved Ones – The Smart Way

For longer than any of us have lived, we have been brainwashed via financial advertising (and our, own, beloved “financial advisors”) to believe that life insurance represents the best way for a responsible wage-earner “to protect his or her loved ones”. 

Sprott Money's picture

Life Insurance: Bad Bet, or Merely Sheer Stupidity?

If you were to tell someone that the life insurance they had purchased was “a bad bet” or (even more judgmentally) “sheer stupidity”, almost certainly that person would feel insulted. 

Tyler Durden's picture

Glencore Capitulates: Scrambles To Avoid Default By Selling Equity, Dumping Assets, Cutting Dividend

Early this morning Glencore finally capitulated and admitted defeat not only on its expansionary phase (it was just last year Glencore had approached Rio Tinto to engage in a merger), but on its shareholder "friendliness", with a stunning annoucement that it would proceed in a $10 billion debt reduction, issuing $2.5 billion in equity in the form of a rights offering, sell $2 billion worth of assets (such as "proposed precious metals streaming transaction(s) and the minority participation of 3rd party strategic investors in certain of Glencore’s agriculture assets, including infrastructure"), cut working capital by $1.5 billion, cut capex and its loan book by a further $1-$1.8 billion... oh, and it would also scrap its final $1.6 billion dividend as well as next year's interim payout, saving a further $2.4 billion. All this because our "best way to trade China's blow up" was finally picking up steam.

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