Something interesting took place at the Comex and Shanghai silver warehouses over the past month. Silver stocks at both these warehouses peaked at about the same time, March 10th. However, for the past month, a substantial amount of silver was removed from both warehouses. In the chart below, we can…
The U.S. Treasury would consume nearly half of total mine supply if U.S coins contained silver. Prior to 1965, the U.S. Mint included silver in its coinage. The U.S. dime, quarter and half-dollar consisted of 90% silver. However, today they are nothing more than base metal slugs. If we look…
by James Quinn: That’s the thing about the collapse of civilization. It never happens according to plan. The fragility of our debt financed oil dependent just in time global supply chain system is beyond the comprehension of the average zombie American. They are too distracted by mass consuming the products…
By Ugo Bardi: Since gold costs almost a thousand times more than tungsten (ca. $ 40,000 per kg against about $ 50 per kg) you can understand that there is a lot of incentive for the second law to play a role, here: with a chance to cheat, someone will….
The notion of future U.S. Energy Independence will seriously disappoint the market and American public. This strategy of energy independence put forth by the energy industry and U.S. Govt may buy some time for our anemic economy and the U.S. Dollar, but will back-fire in a big way when overall…
Many precious metals investors are being deceived and they don’t even know it. There is so much fraud, manipulation and deceit taking place in the economic and financial markets, its amazing the system hasn’t collapsed already. However, there is another big problem taking place in the precious metal industry that…