(by Charles Savoie) – “The fact that the British Government for India had SEVERAL HUNDRED MILLION OUNCES THAT IT MIGHT DUMP ON THE MARKETS OF THE WORLD NOT ONLY REDUCED THE PRICE OF SILVER ONE-HALF BUT, BY ITS THREAT TO FURTHER INDEFINITELY REDUCE SUCH PRICE, DESTROYED ITS VALUE FOR CREDIT….
Kevin Crowley (Bloomberg) – Gold miners’ costs are mostly higher than current spot prices, increasing the likelihood of writedowns next year, according to Nick Holland, chief executive officer of Gold Fields Ltd. Across the industry, costs are about $1,300 an ounce including debt repayments, Holland said by phone from Johannesburg…
After the huge take-down in the price of silver on October 31st, demand for Silver Eagles skyrocketed. Then on Nov. 5th after silver was knocked down another 5%, the U.S. Mint suspended sales of Silver Eagles. It was reported that the U.S. Mint sold 2 million Silver Eagles on Nov….
Not only is Australia exporting a great deal of iron ore, base metals and energy resources to China, it’s also shipping a lot of gold to meet the country’s insatiable demand. How much gold?? Turns out to be one heck of a lot. Just a few years ago, China received…
Something BIG changed after the collapse of the U.S. Investment and Housing Markets as a huge crack in the Fiat Monetary System took place. After the world nearly disintegrated under the debt-based U.S Dollar system in 2008, some of the Central Banks of the world finally found MONETARY RELIGION. At…
With more than half of the primary silver miners financial results for the third quarter finally out, the group is now losing nearly $3.00 an ounce at the current market price of silver. We can thank the Fed and Bullion Banks for rigging the paper silver price well below the…