In a stunning admission, the German Government recently announced that its transition to Renewable Energy was, “On the Verge of Failure.” This blunt statement was released by Germany’s Economic Minister and Vice Chancellor to Angela Merkel, Sigmar Gabriel at an event at SMA Solar… Germany’s leading manufacturer of Solar technology….
(by Nadeem Walayat) Bitcoin is as a SCAM by design as I have voiced many times over several months in that even when a large percentage of people have their holdings stolen the price is stable enough to continue to entice new entrants into exchanging hard earned fiat currency for…
The U.S. Mint updated its sales figures today… and it was another whopper. Yesterday, the U.S. Mint sold 825,500 Silver Eagles which was about two-thirds of the weekly allocation. The U.S. Mint raised the total allocation to its authorized dealers this week to 1,250,000 compared to 750,000 last week. …
Precious metal investors need to watch out for Internet Gold & Silver Scams. There is evidence of alleged scams on several of the well known online bullion dealers. Not only is there the threat of counterfeit bullion in the market, but there seems to be an ongoing problem with fraud,…
Total U.S. gold exports picked up substantially in October after a low was hit in September at 37.6 metric tons. As the price of gold declined from $1,400 at the beginning of September to a low of $1,250 in October, gold exports increased to Hong Kong & Switzerland. According to…
After a brief pause in the decline of Comex Gold inventories, it looks like it has continued once again as there were several big withdrawals over the past few days. Not only was there a large removal of gold from the Comex today, the Registered (Dealer) inventories are now at…