Silver Projections for 2014

How many gold and silver investors are still hanging in there? Anybody? Well, chins up, precious metals fans — because 2014 should see a broad range for precious metals prices, from slightly below to well above current levels, with an even broader range expected for silver… Broad Spectrum of Predictions Naturally, we’re not surprised to hear […]

Continue reading

Laughable Eurozone Banking "Non-Union"; Expect Disorderly Breakup

Gunnar Hökmark, the lead negotiator for the parliamentary side, said: “We now have a strong bail-in system which sends a clear message that bank shareholders and creditors will be the ones to bear the losses on rainy days, not taxpayers. At the same time we also established clear rules to deal with the most exceptional […]

Continue reading

Sterling to go plastic, Bank of England decides

The Bank of England will announce plans on Wednesday to press ahead with switching to plastic banknotes, starting with the new Sir Winston Churchill £5 note in 2016. The decision on polymer notes will mark the beginning of the end for 320 years of paper notes from the Bank. The move by Threadneedle Street follows Bank governor Mark […]

Continue reading

US Treasury's Financial Crimes Enforcement Network "Reaching Out" To Bitcoin Businesses

Recently some of the more naive, not to mention top-ticking, financial commentators assumed that just because US regulators had not snapped shut a trap surrounding Bitcoin and other digital currencies yet, that this state of blissful cohabitation would continue indefinitely. Unfortunately, as we warned back in March during the initial leg higher in BTC following the […]

Continue reading

The Dollar And Gold In The New Great Monetary Game

Let’s consider recent developments in the monetary element of the NNGG, because they are coming thick and fast now. A good place to begin is the March 2012 meeting of the BRICS nations, which saw them sign the “Master Agreement on Extending Credit Facility in Local Currency. ” This made it their POLICY to increase […]

Continue reading

Bitcoins aren’t real, but they’re taxable, Norway says

Europe’s war on bitcoins took a fresh turn on Monday after the director general of taxation in Norway declared they aren’t a valid currency. “Bitcoins don’t fall under the usual definition of money or currency,” Hans Christian Holte, director general of taxation in Norway told Bloomberg in an interview. Instead, the country will treat bitcoins […]

Continue reading

Camden, New Jersey: One Of Hundreds Of U.S. Cities That Are Turning Into Rotting, Decaying Hellholes

All over America, formerly prosperous communities are being transformed into crime-infested wastelands of poverty and despair.  Of course the most famous example of this is Detroit.  At one time, Detroit was the greatest manufacturing city that the world had ever seen and it had the highest per capita income in the entire country.  But now it […]

Continue reading

How Hidden Bank Risks Drive Investors to Productive Assets, U.S. Treasuries, and Gold

JPMorgan’s “London Whale” episode exploded the myth that managers of too-big-to-fail banks have risk under control. The London-based Chief Investment Office that unexpectedly lost $6 billion in 2012 due to oversized derivatives trades reported directly to CEO Jamie Dimon. As traders increased their losing position, Dimon courted Congress and preened for the media to thwart […]

Continue reading

Why QE Hasn't Led to Hyperinflation

The following article builds on the concept of commercial bank lending that was set forth in my December 3rd article, Fractional Reserve Banking: How to Create and Destroy Money. If you missed it, please take a moment to review before proceeding, as it will help clarify parts of the discussion below. For those of you who may […]

Continue reading

The Gold Is Gone

“The most interesting thing, looking into 2014, if there would be an interest in gold again, that gold is gone, it is not there anymore. They are building 2,000 metric tonnes vaults for gold all over Asia. The Chinese don’t want to have US Dollars anymore, they want to have gold.” continue reading at goldsilverworlds.com

Continue reading