Rates

President Nicolas Maduro said Venezuela will begin to sell certificates backed by gold ingots as a savings mechanism starting next month.

We are now seeing an overwhelming body of evidence coming together to suggest that gold and silver have hit bottom, and that even if they haven't, the bottom is very close and downside risk is very limited.

The end of Greece’s “guardianship” by Brussels, the ECB and the IMF on Monday, August 20, was touted as a victory by the media. If we are to judge by their headlines, the Greek crisis is over. Should we then believe everything is going better?

Russia adds 26.1 tons to gold reserves, most since November, bringing its holdings to 2,170 tons.

Owning physical gold for wealth protection purposes is the best preserved secret in the West. In this part of the world, virtually nobody holds gold. At the same time, the wise people in the East continue to buy all the gold that is produced annually. China, India, Iran, Turkey, Russia and many m...

Analyzing the silver market, without taking into account the ongoing monetary reform, and the will expressed by the governor of China’s central bank, makes no sense.

Financial and precious metals expert Egon von Greyerz is sounding the alarm about record breaking global risk and warns, “With this risk, people have to take insurance."

What constituted, up to now, worries in Italy, Spain, Portugal and, of course, Greece, risks happening in France as well. Bad loans, or non-performing loans, along with the risks they entail for the banking system, constitute a new danger that has to be seriously taken into account.

The shortage is here. It is a fact. In the weeks to come, you should find many articles to read about the growing delays in delivery of silver. There should be real problems for delivery at the end of September and the beginning of October.

With debt bubbles in the US, Europe, China, Japan and Emerging Markets, the world is likely to drown in printed money in the next 2-5 years. At that point gold could easily be 175 million Dollars, Euros or Yen. That level is of course meaningless in real terms.