Latest Gold & Silver Price News
The Next Tech Crash Could Delay Your Retirement by a Decade
Provided by Hard Assets Alliance John Grandits | August 14, 2017 The S&P 500 Information Technology Index recently surpassed its previous peak of 988.49 set in March 2000. It took a whopping 17 years to recoup the massive losses from the implosion of the dot-com bubble. Not even the Federal Reserve chairman at the time, Alan Greenspan, could rein in the enthusiasm of the tech disciples with his oft-quoted 1998 “Irrational Exuberance” speech about market valuation. Valuations stretched to epic proportions as companies with little revenue and no chance to make a profit rushed to join the IPO party. Even profitable, higher-quality names fell victim to the Ponzi scheme as […]
Gerald Celente on Markets: “When Interest Rates Go Up, This Thing Goes Down”
Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason (Money Metals Exchange): It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is a well-known trends forecaster and highly sought-after guest on news programs throughout the world and has been forecasting some of the biggest and most important trends before they happen for more than 30 years now. It’s always great to have him on with us. Mr. Celente, thanks so much for the time today, and we appreciate you joining us. Gerald Celente (Trends Journal): Thanks for having me on, Mr. Gleason. Mike Gleason: Well, I want […]
Is the Yellen Fed Planning to Sabotage Trump’s Presidency?
The Federal Reserve can make or break a president. Monetary policy influences all financial markets as well as the cycles in the economy. No president wants to have to run for re-election when the stock market and economy are turning down. Recall that President George H.W. Bush was sitting on sky-high job approval numbers in 1991 and was expected to coast to victory in his 1992 re-election bid. But then the economy swooned toward recession, giving Bill Clinton the opening he needed. Bush later blamed Federal Reserve chairman Alan Greenspan for his defeat. Greenspan had held interest rates too high for too long, Bush complained. On the campaign trail in […]
Sen. Hatch: Those Opposing More Debt ‘Don’t Deserve to Be Here’
Republican leaders in Congress, with the urging of Treasury Secretary Steve Mnuchin, are anxious to raise the federal borrowing limit from $19.8 trillion – no strings attached. The only hitch is those pesky conservative voters who were promised restraint by party leaders. GOP establishment hopes to quietly pass a “clean” bill to raise the debt ceiling – a direct betrayal of that voter base – don’t currently enjoy enough support from other Republican members who still consider themselves accountable. So, a deal with the Democrats beckons. Republicans technically have the power to finally honor the limit on borrowing by reducing spending. After all, Republicans control both Congress and the White […]
Solar, Bubble, Banks, War, and Legal Tender: Five Reasons Why You Should Buy Silver Now
Provided by our friends at Hard Assets Alliance. By Shannara Johnson – Aug 7, 2017 Unlike its big brother, gold, physical silver is coveted for both investment purposes and industrial usage. Right now, silver prices are in a bit of a slump—in other words, it’s the perfect time to load up on this precious metal while it’s down. Here are some good reasons why silver should be on every investor’s radar. Reason #1: Silver Is Being Used Up in China’s Solar Boom. By far the largest application of industrial silver today is in solar panels—and Chinese demand for solar energy is skyrocketing. In its 13th Five-Year Plan, Beijing aims to […]
Get Ready for an Historic Upside Gold and Silver Run
The Bigger the Base, the Greater the Upside Case. This saying among technical analysts/chartists helps define where we are today in the precious metals – and where we’ll soon be headed. It means that when prices “base” in a relatively narrow sideways range for an extended period, they will at some point break out. Before the action gets underway, bears and bulls alike will get “sandpapered” as they take positions, trying to guess whether or not the price is getting ready to decline further or move upward into a new bull phase. If you consider that time spent in sideways consolidation represents a build-up in stored energy, then a valid […]
Ethereum vs. Tangibleum: Why Cryptocurrencies Can Never Replace Physical Gold
Article provided by our good friends at Hard Assets Alliance. By Shannara Johnson – August 3, 2107 On June 11, 2017, Bitcoin reached its all-time high of $3,025.47… followed by a 27.7% plunge only four days later. By July 12, it had lost a total of $12 billion off its value within a month. Ethereum, another popular cryptocurrency, increased its market share from a mere 5% at the beginning of the year to a breathtaking 30% in June, only to plummet 65% from its record-high by mid-July. One man who wouldn’t be surprised in the least by this insane level of volatility is Raoul Pal, founder of the monthly investment […]
Raising the Debt Ceiling Means Jacking Up Future Inflation
The dramatic failure of the U.S. Senate’s last-ditch Obamacare repeal effort leaves Republicans so far without a major legislative win since Donald Trump took office. No healthcare reform. No tax reform. No monetary reform. No budgetary reform. The more things change in Washington… the more they stay the same. Despite an unconventional outsider in the White House, it’s business as usual for entrenched incumbents of both parties. The next major order of business for the bipartisan establishment is to raise the debt ceiling above $20 trillion. Since March, the Treasury Department has been relying on “extraordinary measures” to pay the government’s bills without breaching the statutory debt limit. By October, […]
Preparing to Barter and Trade Is NOT a Loony Idea
Let’s start with this fact; fiat (paper) currencies die – often spectacularly. That is why precious metals may someday be needed for barter and trade. Anyone who thinks it is silly to worry about such a thing is putting blind faith in Federal Reserve Notes. The U.S. dollar is having a great run, no question. It will soon be 50 years since Nixon closed the gold window, thereby converting the dollar to a purely fiat currency. Five decades is longer than most purely fiat currencies survive. Humans carry a normalcy bias. That helps explain why so many assume the unbacked Federal Reserve Note, which has served so long as our […]
A Weaker US Economy Could Result in Strong Gold Rally
Article provided by our friends at Hard Assets Alliance. By John Grandits – July 28, 2017 One possible effect of the “America First” approach the Trump Administration vowed to take was a weaker US dollar. Shortly after we wrote about this earlier this year, the dollar index began a steady march lower, retreating 7% in just five months, from 102 in March to its current level of 95. Not surprisingly, gold has risen almost 10% in US dollar terms during this time. As recently as six months ago, many investors expected the dollar to continue its rally of the past few years based on stronger economic growth, via Trump’s agenda […]
Frank Holmes: Silly Money Printing, Negative Real Interest Rates, & Restricted Supply Form a “Great Scenario for Gold”
Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason (Money Metals Exchange): It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. Mr. Holmes has received various honors over the years, including being named America’s Best Fund Manager for 2016 by the Mining Journal. He is also the co-author of the book The Goldwatcher: Demystifying Gold Investing. And is a regular guest on CNBC, Bloomberg, Fox Business, as well as right here on the Money Metals Podcast. Frank, welcome back and thanks for joining us again today. How are you? Frank Holmes (U.S. Global Investors): Outstanding. Mike […]
GOP Leadership Betrays Trump Voters on Obamacare & Debt
The single-digit approval rating of Congress means precious few people still expect much from the politicians running Washington DC. Expectations should now ratchet even lower as representatives once again demonstrate just how far their words are from their deeds. We’ll start with healthcare. The U.S. Senate failed in yet another effort to repeal and replace Obamacare. The prospects for reform any time soon are approaching zero. Voters opposed to the skyrocketing premiums, the ballooning federal expenditures and the huge expansion in government control associated with the Affordable Care Act are bewildered. The program is an obvious train wreck. Republicans in Congress spent years telling everyone willing to listen that repeal […]
Exclusive Interview with Axel Merk on Diversifying with Gold & Cash
Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason (Money Metals Exchange): It is my privilege now to welcome in Axel Merk, President and Chief Investment Officer of Merk Investments and author of the book, Sustainable Wealth. Axel is a highly sought-after guest at financial conferences and on news outlets throughout the world, and it’s great to finally have him on with us. Axel, it’s a real pleasure to speak with you, and thanks for joining us today. Axel Merk (Merk Investments): Great to be with you. Mike Gleason: Now, as we start off, you recently wrote a piece about complacency in the markets. We are […]
Gold Prices Fall To The Thrill Of Investors
The price of gold fell to a new low during the first week of July according to several reports that claim the decrease in value is due to a strong job market and the expectations of higher interest rates in the United States. August gold fell by $13.60, which is the equivalent of a 1.1 percent decrease in value. Such rate is the lowest since March when prices dropped by 2.6 percent. Silver also experienced its share of decline with initial values falling by as much as 10 percent on Friday (July 7). There was eventually a reversal in the numbers that increased September silver’s value from its original price […]
