by Charles Savoie: Ted Butler’s latest suggestion about Suing JP Morgan and the COMEX has prompted these thoughts. My response at Gold Silver Worlds http://goldsilverworlds.com/physical was this— “Ted is the best of the best explaining these nuts and bolts. But where is his grasp of monetary matters? I see it…
(by Ugo Bardi) Precious metal currency was a fundamental factor that kept together the Roman empire and gave to the Romans their military power. But the Roman mines producing gold and silver peaked in the first century CE and the Romans gradually lost the capability of controlling their resources. In…
In just the past two years, U.S. gold scrap exports declined an amazing 80%. What’s going on here? Is the U.S. starting to run out of gold scrap? Either the U.S. is running low on gold scrap to export or the market is refining more to fill the huge amount…
So where is China getting all of its gold? One of the large sources turns out to be the United States. The U.S. experienced another record year of net gold exports in 2013. Not only were gold exports at record levels, imports into the U.S. fell nearly half compared to…
As the U.S. economy continues to disintegrate, increasing numbers of investors will be forced to move out of paper assets and into physical gold and silver to protect their wealth. At first the move will be slow, but as Americans wake up from four decades of fiat monetary amnesia, it will turn into…
Even though 2013 was a great year for physical precious metal demand due to manipulated lower paper prices, the top silver mining companies suffered a decline in overall production compared to 2012. Of the top six companies, the largest four stated declines, while the two smaller producers increased mine supply…