(by Charles Savoie) This brings us to Paul Volcker, who chaired the Federal Reserve System in D.C. (August 1979 to August 1987) during which time he shafted gold and silver investors and miners by such low blows including telling U.S. banks to not lend for “speculative” gold and silver buying;…
Something quite interesting is taking place in the U.S. natural gas market this year. As frigid temperatures blanketed the entire East Coast this winter, record natural gas demand has resulted in multi-year lows in gas storage levels. The EIA came out with their Natural Gas Storage Report today showing a…
After a slower than average sales month in January, Silver Eagle sales picked up significantly in February. In the first eleven days of the month, the U.S. Mint sold nearly 1.7 million Silver Eagles. In a recent article, I mentioned that I spoke with Michael White, Public Affairs person for…
The warning signs are increasing as the death of the Global Fiat Monetary System approaches. The bullion banks lost 88% of their Comex registered gold inventories over the last year and are now rushing to build their stocks to satisfy future deliveries. Here we can see that since April of…
Sales of 2014 Silver Eagles were restricted in January due to a limited supply of available silver blanks. Silver Eagle sales during January reached 4,755,000 oz, compared to 7,498,000 oz in January, 2013. According to Mike Unser at the CoinNews.net: This year’s 2014 American Silver Eagles debuted on Jan. 13,…
(by Charles Savoie) “ANY ATTEMPT TO WRITE UP THE PRICE OF GOLD WOULD ASSUREDLY BE MATCHED, WITHIN HOURS, BY COMPARABLE AND OFFSETTING ACTION.” —Robert V. Roosa, Pilgrims Society, in “Monetary Reform for the World Economy” (1965). Roosa was with the New York Federal Reserve Bank, 1946-1960 when he moved to…