News Articles

Government mints around the world are struggling to keep up with unprecedented demand for silver coins, spurred by a drop in silver prices to six-year lows.The mints in Canada, Austria and Australia have told Reuters they are rationing sales of silver bullion coins . . . .

China is joining Russia in increasing its official gold reserves on a monthly basis. Russia added a whopping 31 tonnes in August, the highest since March and the fourth highest in recent history. These two countries are by far the largest official gold buyers globally, which can only be seen in the greater scheme of things . . . .

Among other astute observations since his campaign launch, Donald Trump noted: “I’m really rich.” ...  So what does he do with all his dough? Known for opulent and garish taste, candidate Trump has embraced conspicuous consumption. And boy, does he like gold . . . .

Gold prices peaked in January 1996 and then fell for 3.5 years into a multi-decade low. It was the age of stocks, debt, leverage, and good times; nobody needed or wanted gold.

Since the gold price peak in 2011 the Federal Reserve has “generously” supplied the world with trillions of dollars of newly created digital and paper debt, all backed by nothing but faith and credit . . . .

Russia’s gold reserves rose to 42.4 million troy ounces as of September 1 compared with 41.4 million troy ounces a month earlier, the Russian central bank announced on Friday. The monthly accumulation of 1 million ounces in just one month was one of the more sizeable monthly purchases by Russia . . . .

The facts that have been willfully omitted are these: The total amount of ALL gold held by ALL market participants at ALL the Comex warehouses, whether it is on offer or not, is about 218 tonnes. That is less than one month’s demand for physical bullion . . . .

We think we know that gold is no longer money, because Keynesians and monetarists insist it is so. Furthermore, it has been replaced by government currencies, which we use to buy and sell, do our accounts and pay our taxes. While it is undoubtedly true that gold is no longer used for transactions in all but a few places in Asia, this common assumption has no basis in fact . . . .

For about the last year and a half I’ve been warning that gold was being driven down to test the last C-wave top ($1033). No one believed me. Now that the test has occurred it’s time to go the other way . . . .

If worrying reports from the U.K. are any indication, physical gold may be getting a lot harder to get a hold of than you might think.

At some point in the next few years it will become hard or impossible to buy silver or gold in exchange for fiat currencies. We aren’t at the “impossible” stage yet but there are signs around the world that silver is becoming difficult to buy and if you can find some the premiums over the spot paper price are extraordinary and rising . . . .