President Obama just announced another stimulus program, the previous spending having fallen far short of turning the economy around. Polls show that many Americans are opposed to deficit spending in efforts to get the economy moving again. After all, it was the Fed’s loose-money policies that caused the housing bubble. While Establishment economists blame
Speaking on a recent CNBC broadcast, Peter Schiff, president of Euro-Capital, said, “The bond market is the mother of all bubbles right now. When it bursts the losses will dwarf the combined losses of the stock market bubble and the real estate bubble.” Marc Faber, author of the Gloom Boom and Doom Report, on the
Does a silver price explosion lie just ahead? Ben Davies, in an analysis prepared exclusively for kingworldnews.com, lays out a case for a silver price explosion. Davies is CEO of Hinde Capital, London. Although Davies sees trading opportunities, long-term buy and hold investors can take solace in Davies’ analysis. If silver does enjoy a move
Among 13 crimes set to no longer carry the death penalty in China is the smuggling of gold or silver. The proposed amendment to China’s criminal statutes would reduce the number of crimes punishable by death to 55. That China has in its laws the death penalty for smuggling gold or silver shows just how
New 1099 reporting rules buried in the Obama’s health care legislation — if they go into effect — will have a major negative impact on precious metals dealers and their clients. Just as bad, the new regulations will have a harmful impact on all businesses. Legislation has already been introduced to repeal them before they go into effect.
Most gold and silver investors are in precious metals because of macro (big picture) economic and financial circumstances in which the world now finds itself after seven decades of Keynesian economics and statist politics. These investors are content to take positions in the metals and hold them, while maybe adding to their positions as opportunities
In 2007, when the Royal Canadian Mint introduced a limited edition series of 1-oz .99999 fine Gold Maple Leafs, the Mint also produced five 100-kilogram .99999 Gold Maple Leaf coins with face values of $1 million Canadian. The 100-kilogram coin measures 20 inches in diameter and weighs right at 220 pounds on a bathroom scale.
Saudi Arabia now holds double the gold reserves previously reported. Continued central bank activity in the gold market may result in central banks being net buyers of gold this year. If so, it would be the first time in decades. Earlier this year, India bought 200 tons of gold from the IMF, and Russian and China are regularly adding to their gold holdings from domestic sources.
The Silver Institute is an invaluable source of information about silver, from supply/demand statistics to recent, esoteric developments that may affect future demand. Serious silver investors can do themselves a favor by regularly visiting the site. Additionally, The Silver Institute publishes on its site a free quarterly publication aptly titled Silver News. To receive an
Dr. Faber, the keynote speaker at the May 22nd NYC Mises Circle Seminar, had no good news about the status of the world’s financial affairs. He is of the opinion that all sovereigns will continue to create monies as solutions to their financial woes and that gold is the right investments for the times. Further,