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In Greek mythology, Cassandra was granted the power to see the future, but cursed so that no one would believe her. She warned of disaster repeatedly, only to be ignored until tragedy struck. Today, the United States has its own modern-day Cassandras, and once again our warnings are being dismissed. Knowledgeable experts have cautioned that our nation’s fiscal path is unsustainable. Federal budget documents themselves have repeatedly sounded the alarm. Credit rating agencies have raised increasingly serious concerns. Despite these warnings, Washington continues to behave as though time is unlimited and there are no consequences to continuing to ignore the...

The price of gold fell from a record $5600 to $4770 per ounce. On Friday, the price of silver fell by 31%. This is the biggest percentage drop in the price of this bullion since March 1980. What could be the reasons for such declines?Gold hit a new record high on Thursday at $5600 per ounce. Silver was trading at $120 per ounce. Suddenly, precious metal prices began to fall. By Friday evening, gold was already costing $470 per ounce. Gold fever reached a new high at the beginning of 2026, with prices hitting a record earlier this week....

High-flying gold and silver took a staggering hit in overnight trading with the precious metals losing roughly $6 trillion in just 30 minutes — as oil prices surge over fears over Iran. Gold tumbled back after hitting a new record at $5,595.47 an ounce as investors rushed to assets deemed safe, including silver, which reached its own record of $120.44 an ounce. The dollar steadied after losing ground most of this week. Gold declined more than five per cent and silver plunged more than eight per cent, while copper and nickel prices also fell, as traders reassessed the market. “The...

Gold and silver prices plunged Friday, as President Donald Trump’s nomination for the next chair of the Federal Reserve, Kevin Warsh, appeared to relieve concerns about the central bank’s independence and sent the dollar soaring. Spot silver was down 28% at $83.45 an ounce, trading near its lows of the day. Silver futures plummeted 31.4% to settle at $78.53, marking its worst day since March 1980. Meanwhile, spot gold shed around 9% to trade at $4,895.22 an ounce. Gold futures dropped 11.4% to settle at $4,745.10. The sharp moves down were initially triggered by reports of Warsh’s nomination. However, they...

Financial writer and precious metals expert Bill Holter (aka Mr. Gold) has been predicting record high gold and silver prices. We are nowhere finished with record prices for the metals happening every week and sometimes every day. Mr. Gold now has a new prediction about paper exchanges not being able to deliver physical metal. Holter says, “We exploded through $100 per ounce silver, and we went through $5,000 per ounce on gold, but that’s not the story. The story is there are already over 40 million ounces standing for delivery in January. January is a non-delivery month. If you go...

Gold crossing $5,000 an ounce is not a technical breakout, a speculative frenzy, or a “risk-on trade.” It is a judgment. Silver pushing past $100 last week only reinforces the point. These prices are not expressions of optimism about growth or productivity. They are expressions of doubt: about currencies, about governments, and about the institutions charged with preserving economic stability. What makes this moment different is not simply the level of prices, but the speed and unanimity with which investors have arrived at them. Gold did not grind higher over a decade of slow erosion in confidence. It vaulted. Silver...

@TuckerCarlson Gold has so dramatically outperformed the S&P this century that you’d think CNBC would be recommending it to investors. But they’re not. Peter Schiff explains why. (0:00) Why Schiff Decided to Start Buying Gold (10:45) You're Being Lied to About Inflation (23:39) How the Government Secretly Rigs the Economy (25:25) The Unemployment Rate Is Much Higher Than You Think (27:27) What Was the Result of the Big Beautiful Bill? (30:10) Is the Housing Bubble About to Pop? (36:20) The Real Reason College Got So Expensive (40:30) The Real Reason Healthcare Got So Expensive (43:50) Crypto vs. Gold (58:11) Will...

RAY DALIO SAYS THE MONETARY ORDER IS BREAKING DOWN AND FIAT IS NO LONGER A CENTRAL BANK ASSET. GOLD AND SILVER BECOME THE ANCHOR WHEN PAPER CONFIDENCE CRACKS.

Swiss America Chairman Craig R. Smith comments on the Bernanke/Geithner testimony to Congress: While watching the testimony of U.S. Treasury Secretary Geithner and Fed Chairman Bernanke today, I was struck by several answers provided by the witnesses. One answer stood out amongst them all. In answering questions about funding of the IMF for the financial needs in the Eurozone, the U.S. Treasury Secretary said the chance of a default by the IMF, or any of its borrowers of money provided by the U.S. is extremely low. Why? Because the loans are all "backed by IMF gold"! ...

RICHARD RUSSELL: The Gold Skyrocketing Phase Still Lies Ahead Cullen Roche, Pragmatic Capitalism Nov. 24, 2011, 4:41 AM Via Richard Russell’s Dow Theory Letters: “Day after day, everyone asks whether gold has topped out. Nobody ever asks whether the market has topped out. Think about it, we’re in a low inflation, low investor fear environment, a dollar that appears to have bottomed and is now firming, and still gold holds above 1700 an ounce. This is a remarkable performance aided by heavy buying in China, India, and Asian nations. But what happens when we hit the inevitable inflation; when investors...

Ron Paul explains why we need to put our money in gold and how we can do that as America slowly drifts towards socialism. I'm fully aware I can't change any one's mind about Dr. Paul on FR but please listen to this video you might agree with some of what he says.

Fearing a lasting burden on taxpayers, the German government is preparing a set of insolvency rules for countries in the euro zone. It would require private investors to bear some of the financial burden and force the affected countries to give up some sovereignty. The plan is guaranteed to meet with resistance. As a physicist and an avowed admirer of the Swabian housewife, German Chancellor Angela Merkel, leader of the center-right Christian Democrats (CDU), is seeking to establish binding rules in the midst of the chaos of financial and monetary crises. Her desire for order was reinforced recently when the...

It takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had lent 380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion * * * According to the World Gold Council, central banks in Greece, Spain and Portugal held 112.2, 281.6 and 382.5 tons of gold respectively in June – leading analysts to point fingers at Portugal, or a combination of the three. But an analyst from UBS noted that eurozone central banks would be severely limited...

Who in their right mind would suggest that gold will eventually reach $2,500, let alone $5,000 or even $10,000? Well, I did some investigation and, believe it or not, there are almost 70 economists, academics, gold analysts and market commentators who believe gold may go as high as $10,000 an ounce before the bubble finally pops. Below is a list of such individuals each of whom has sound reasons to substantiate his or her views. I encourage you to check out their articles and their rationale for such high gold prices in the years (and in some cases just months)...

Gold Going to Parabolic Top of $10,000 by 2012 For Good Reasons Commodities / Gold and Silver 2010 Jun 13, 2010 - 03:05 PM By: Lorimer Wilson No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons - sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations - which will all contribute to rampant price inflation. Not surprisingly, I have company in that view: Money manager, Peter Schiff, told Business Week recently that, "Gold could reach $5,000 to...

This is a very sad day for me. In Part One of this series, when I argued that gold might be about to go vertical, I made a whole bunch of new friends among the gold bugs. And now I'm going to lose them all. That's because even though I think gold might be about to take off, I don't recommend you rush out and put all your money into gold bars or exchange-traded funds that hold bullion. And this is for one simple reason: At some levels, gold, as an investment, is absolutely ridiculous. Warren Buffett put it well....

This is the chart they don't want you to see: the purchasing power of the dollar over the past 76 years has declined by 94%. And based on current monetary and fiscal policy, we have at least another 94% to go. The only question is whether this will be achieved in 76 months this time. (Click chart to enlarge.)

Is this the VERY beginning of the downward spiral of our currency? I am beginning to notice that the Euro and Pound are going up daily. The Euro was at 1.23 now at 1.35 and the Pound previously 1.36 to 1.50...is this the beginning of inflation? Oil rising as well...this could be the tip of the "turd" ready to erupt. Hey, printing all that $$$ will eventually have consequences, there really is no escape from that. Never in the history of man kind has "throwing money" at a crisis helped...NEVER!

Probably almost everyone is familiar with the hyperinflationary episode that engulfed Germany after the First World War. That nation’s economy was crippled by monetary problems that resulted in dreadful personal hardships, even though up to that time Germany had achieved one of the highest living standards in the world. The newly formed German government, named for the city where their constitution was drafted after the Kaiser’s abdication in 1918, kept pumping up the money supply. The process started relatively slowly, but quickly the pace of money creation accelerated. The Weimar government was paying its bills on credit – just like...

On this Valentine's day, let us remember and pay a tribute to all people who love the Government, and while we are at it, let's pay tribute to the Government itself by buying a T-Bill ! Thank goodness most of America and the rest of the world still loves the Federal Government of the United States and the Federal Reserve enough to continue to hold about $30 trillion worth of bonds that are paying, on average, about 5% while inflation is about 17%. Such Fed-loving bond holders clearly approve of all the spending habits of the United States government, by...