(by Charles Savoie) “GOLD HAS NO USEFUL PURPOSE TO SERVE IN THE POCKETS OF THE PEOPLE”—Pilgrims Society member Alan Sproul, president of Federal Reserve Bank of New York, addressing the anti-precious metals American Bankers association meeting in San Francisco (Vital Speeches of the Day, December 1, 1949, pages 108-114). “LONDON,…
According to the financial media, the global economy is supposedly rolling over causing a glut of inventories producing a deflation in the prices of many commodities. If this is the case… someone should tell that to King of base metals… Copper. Something doesn’t seem to be making sense in the…
The first primary silver miner in the industry just announced that it suspended sales of silver during the 3rd quarter due to the low market price of silver. First Majestic suspended sales of 35% of its Q3 silver production. This was a significant amount as it was nearly 1 million…
Ever since the world suffered a near collapse of its economic and financial system in 2008, investors around the globe have purchased physical gold in increasing volume. However, if you lived in the United States… the opposite is the case. Not only did Americans purchase less gold, they ranked DEAD…
(by Chris Hamilton) Given the Fed will complete its “taper” shortly…the topic of who has bought, who owns, and who will buy US Treasury debt seems a tad bit important. The 1st slide shows the four distinct classes of US Treasury buyers. It shows who purchased and how much in…
After the recent price smash in silver, investors purchased a record amount of Silver Eagles. In the first eight days of October, the U.S. Mint sold a great deal more Silver Eagles than it did during the same time period in all the months throughout the year. If we take a look…