The profit margin trend at the world’s largest primary silver mining company has experienced a rapid decline over the past several years. Fresnillo PLC in Mexico, is the largest primary silver mining company in the world. Last year, Fresnillo PLC produced 47 million of silver and 762,000 oz of gold….
The U.S. will never go back on a gold standard. The notion that a U.S. Dollar backed by gold would solve our financial problems is pure folly. Why? Because, if the U.S. Empire didn’t abandon the gold standard in 1971, it would have collapsed decades ago. Unfortunately, some of the…
(By Wolf Richter) Worse “than the 1994 ‘Bond Massacre,’” with “sustained double-digit losses on bonds, subpar growth in developed markets, and balance sheet risks for banking systems….” The backdrop: after 36 years of bond bull market, the amount of US bonds has ballooned to $47 trillion, up 24% from just…
The U.S. and global oil industies are in crisis mode. I sat down with Dan Ameduri at Future Money Trends to discuss the details of the energy crisis and how it will impact the precious metals. I would recommend new and long-time followers of the SRSrocco Report site to listen…
If we thought 2016 was an interesting year, 2017 will certainly top it and be even more tumultuous. With President-elect Donald Trump to head the White House in a few weeks, many in the precious metals and alternative media community believe the “WORST IS OVER.” This is one hell of…
The U.S. Government has gone to great lengths in using accounting gimmicks to prop up the financial system and domestic economy. One area where this is readily apparent is the disconnect between the rising U.S. debt versus the annual budget deficits. Mish Shedlock wrote about this in his article, U.S….