The distinguished analysts from Goldman Sachs reiterated their 2014 forecast for gold to hit $1,050 by the end of the year. They believe the paper price of gold will continue to decline as the supposed “Powerhouse” U.S. economy picks up speed and accelerates growth. If someone recently had a frontal…
I am a bit surprised at the forecasts and data coming out by the leading agencies and institutions on silver mine supply. According to my research, the USGS understated U.S. silver mine supply while Thomson Reuters GFMS over-estimated global silver production for 2013. Let’s take a look at U.S. silver…
Something interesting took place at the Comex and Shanghai silver warehouses over the past month. Silver stocks at both these warehouses peaked at about the same time, March 10th. However, for the past month, a substantial amount of silver was removed from both warehouses. In the chart below, we can…
The U.S. Treasury would consume nearly half of total mine supply if U.S coins contained silver. Prior to 1965, the U.S. Mint included silver in its coinage. The U.S. dime, quarter and half-dollar consisted of 90% silver. However, today they are nothing more than base metal slugs. If we look…
by James Quinn: That’s the thing about the collapse of civilization. It never happens according to plan. The fragility of our debt financed oil dependent just in time global supply chain system is beyond the comprehension of the average zombie American. They are too distracted by mass consuming the products…
By Ugo Bardi: Since gold costs almost a thousand times more than tungsten (ca. $ 40,000 per kg against about $ 50 per kg) you can understand that there is a lot of incentive for the second law to play a role, here: with a chance to cheat, someone will….