In just the past week, lawmakers in Idaho and Arizona have passed bills removing “Capital Gains Taxes” from gold and silver coins and bars. Normally, when individuals sell gold or silver, they must pay capital gains on any increase on the value of their precious metals investments. However, gold and…
Tom Cloud begins his precious metals update with the implications of a March 15th Fed interest rate hike on the markets. Investors need to realize that as interest rates move higher, so will the interest payment on the debt, which is now approaching $20 trillion. Furthermore, Tom discusses the significance…
The low oil price continues to wreak financial havoc on the largest oil producer in the Middle East. While the Mainstream press has published articles forecasting a rebound in Saudi Arabia’s financial outlook, due to higher oil prices this year, it seems like the Kingdom’s problems are just beginning. In…
The SRSrocco Report will be receiving a facelift and upgrade over the next week or so. The upgrade is necessary as the old site was out-dated and overdue for an update. In addition, site traffic has increased forcing us to move up to a faster virtual private server. No complaints…
According to newly uncovered information in the gold market, it provides additional evidence of why the Fed, Central Banks and the IMF were forced to RIG the gold market. Not only was the dropping of the Gold-Dollar peg going to release a great deal of pressure on the manipulated gold…
While Peru’s silver production surged in the beginning of 2016, it experienced a double-digit decline in December versus the same month last year. Peru is the second largest silver producing country in the world, trailing Mexico by approximately 40 million oz, but now leading third-ranked China by a wide margin….