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REAL Money vs. Paper Money

For 180 years, it was said the dollar was 'as good as gold.' In fact, it was as good as gold; U.S. government creditors could convert their dollars to U.S. gold. The currency was 100% convertible to gold in foreign exchange from 1792 (President George Washington) until the dollar's tie to gold was severed completely on August 15, 1971 (President Richard Nixon). The colossal decision to remove the discipline of gold from the...

GOLD SET TO TAKE OUT PREVIOUS HIGHS

The next run on physical gold will dwarf the last, worldwide run. Long before the current lockdown, exchanges in London and New York were short of bars “eligible for delivery.” * THE PHYSICALS MARKET Today, the true price of gold is quite a bit higher than the “spot” price quoted in the paper market. Shortages are driving the price of physical gold sky-high. The soaring price is propelled by HUGE...

Dollar Will Lose Value Over Time: Guaranteed.

Until 1971, U.S. currency represented tangible value. Today, the dollar has no intrinsic value; and the dollar-supply is unlimited.  In 1971, the value of the dollar was tremendous (thirty-five dollars equaled the value of a 1-oz gold coin). Since then, the dollar has fallen 3,600% against gold (it now takes 36 times as many dollars to buy the same gold coin). Over time, gold preserves purchasing-power. The sole purpose of...

We Already Have HYPER-CREDIT.

The combination of currency debasement, falling production, and rising debt always ends in credit collapse. In all history, there are no exceptions. But ten years ago, few Americans had ever considered the possibility. Suddenly, on Aug. 9, 2007, inter-bank lending locked up; the dollar was in free-fall; and credit completely FROZE here and around the world. The following year, Bear Stearns collapsed (March); Merrill Lynch and Lehman Brothers collapsed (Sept. 15);...

Platinum Markets-Brace for Uncertainty, Keep Door Open for Opportunity

by Aran Murphy The market-makers wondered aloud at the end of 2016: Which way will our economy turn with new policy makers in Washington? Will our national debt become difficult to service with higher interest rates? Will our unfunded pension liabilities force broad-scale local bankruptcies? Or will we pull the government back, liberate our taxpayers and traders, and allow our entrepreneurial base to do what it does best? A consensus...

Beware Of The Dollar: The U.S. Ponzi Economy Is Malfunctioning.

Gold is the true SAFE-HAVEN currency. The dollar is 'strong' only when compared to more toxic currencies. Since the 2007 credit-collapse, the dollar has fallen 100% against gold. In other words, it now takes twice as many dollars to buy the same amount of gold. On the day markets FROZE worldwide [Aug. 9, 2007], the price of gold was $662.60/oz [London p.m. fix]. It now takes twice as many dollars to buy the...

Gold Price Manipulation Will End.

We are living in an age of manipulated financial markets – interest rates are artificially low, and the stock market is artificially high. Demand for physical gold is at historic highs, supplies are strained, yet the price is relatively low. When will manipulation of the price of gold come to an end? 2020. First, it is important to understand why the Federal Reserve is pulling out all the stops to repress the...

The HYPER-CREDIT BOOM – BUST

Global financial markets are integrated and inter-dependent. The markets look ahead and trade on anticipation. It is now extremely bullish for gold! Zero% Interest Rate Policy (ZIRP) Since 2008 (for the first time in the history of the world), 90% of the developed countries have had 0% interest rates and a steady flow of “Quantitative Easing” (QE). A small number of "too-big-to-fail banks" [domestic and foreign] have been able to...

Very Little Available Gold is Left in the West.

The last time gold and silver moved like a freight train was in the 2011. One country triggered the RUN on gold and silver. Overnight, supplies of gold and silver dried up; and mints worldwide ran out of deliverable bullion. In less than nine months, gold and silver made new highs. Gold rose $600; silver climbed 160%. Silver was just as scarce as gold. (Silver was $9 Sept. 2005; $50...

Is It The Right Time To Buy Gold?

Question: “Do you think that gold is currently a good investment?” Alan Greenspan: “Yes. Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.” Alan Greenspan address to the Council on Foreign Relations, November 2014 CFR meeting; from Gillian Tett, The Financial Times.

IS THIS A GOOD TIME TO BUY PLATINUM?

At current prices, there is blood in the streets in the platinum market. The largest South African mining companies (80% of global supply) are operating at a loss, and are selling off assets. J. Pierpont Morgan said, “Buy when there is blood in the streets.” The notorious financier took his own advice. He became fabulously wealthy by buying assets when others were selling.* What is JPMorgan looking to buy during this...

Dominoes From the Oil Crash Are Falling

   We are witnessing a worldwide debt-crisis; and the collateral damage will affect U.S. markets.   We recently published "Weimar: First DEFLATION Then INFLATION." That is exactly what is underway — in slow motion and on a much bigger scale. The Japanese yen has plummeted and the Russian ruble lost almost 1/2 its value. Dominoes from the crash in oil are falling. Based on the volatility in the USA index, we believe...

Round Two Of The Financial Crisis Has Begun

October 2014. Global economies are contracting.  Prepare for giant swings in the stock market, trading halts in the bond market, and unprecedented money-printing. Despite the endless propaganda, the economy of the United States is not recovering.  Leading economic indicators are turning down. That is why the Federal Reserve is continuing to suppress interest rates by printing money. Markets are on fire. Trading halts and “flash-crashes” are coming with increasing regularity.  The...

Platinum & Palladium Shortages Will Drive Prices.

The West has very little platinum or palladium. Only 5% of the global supply is produced in North America. World production of Platinum Group Metals is geographically concentrated: 88% of world platinum production is in South Africa and Russia (Russia 13%, Zimbabwe 5%, North America 5%); 80% of world palladium production is in Russia and South Africa. South Africa is the largest producer of platinum in the world, with 73%-80% of known platinum reserves. Russia produces 40-50% of the...

Why Do I Have to Pay More than the Spot Price?

Since 1970, when I first bought gold coins, we have seen the U. S. Dollar deteriorate so much, the price of gold has gone from $35 per ounce to $1,355 today.  Before 1975, the ONLY legal way for Americans to buy gold was to buy coins, because the U. S. government barred its citizens from owning bullion (bars).  Back then, we relied on the London AM and PM gold price...

Drastic Changes in Sentiment: Gold & Silver

Big changes are coming to financial markets.   The “economic recovery” painted by the news media is an illusion. At the Davos World Economic Forum, banking executive Axel Weber warned the world debt crisis is far worse now than in 2008: “Things feel better than they are. The recovery too weak to generate jobs. It’s not about whether things are improving: the levels of growth, jobs, and GDP are way worse than before the crisis.”  (Weber was formerly with Bündesbank, the...

How to Buy Gold-Silver-Platinum in an IRA

You can buy actual coins with IRA retirement funds, but relatively few trustees offer this service. Washington Gold Exchange has done substantial business with Equity Trust and Goldstar Trust.  These trustees have plans where you own physical metals with storage of the metal at Delaware Depository.  But because of their streamlined process and excellent track record, we primarily recommend New Direction IRA, Inc. in Colorado. If you already have an...

Ten Compelling Reasons to Buy Silver Now. And I mean now.

SILVER IS REAL MONEY: It is easy to trade, recognizable, portable, divisible, and very rare. Right now, silver is cheap. Short-sellers of PAPER silver derivatives have provided you with an opportunity to acquire PHYSICAL silver at a tremendous bargain. (1) NUMBER ONE REASON TO BUY SILVER NOW: Bankrupt governments always end up trying to restrict, tax, and control silver. Countries are now implementing measures to eliminate cash and regulate the flow of capital. Take delivery...

Economic Bubbles Cannot Go On Forever.

It is now six years since the 2007/2008 financial crisis. Today, many nations are bankrupt, many municipalities are broke, and millions of people are under water. However, that is just the tip of the iceberg. In order to paper over the fragile world banking system, central bank credit has created/ enabled/or financed more than one thousand trillion dollars of derivatives debt. Few of us understand derivatives trading or how the highly leveraged...

IRAs/ Pension Funds: Fear is Driving People to Cash Out.

A few days ago, I heard from an old customer. As with so many others who have called, her pension fund had taken a huge hit since the crash. In 2008, her IRA account was worth more than $1 million. Last week, the trustee said it was worth $550,000. She bit the bullet and cashed out her IRA. She told me she has been watching what is happening all over the world - capital...

Gold vs. the Dollar: Past Performance IS an Indicator of Future Results.

I sell PHYSICAL gold and silver. Over the last forty-three years, I have had customers who have made fortunes by buying coins and bars when they were out of favor, and selling them at the crest of a wave. Precious metals move that way in the short-term because they are so scarce. When people are scared, gold and silver prices move up violently. The sky is the limit.

Gold is Reserve Currency of Banks

For the last nine years, sovereign nations and central banks have been vacuuming up the supply of "good delivery" gold (400 oz gold bars). Central banks have purchased record amounts of physical gold — at even a faster pace than just before the U.S. dollar was disconnected from gold (Nixon severed the gold-dollar tie in 1971).   ARE BANKS PREPARING FOR A GLOBAL RE-SET? The gold-buying frenzy is related to the changing status of...

Gold Market Crashed to Defend the Dollar

Shock & Awe in London and New York: In one day (April 12), more than 400 tons of PAPER gold were dumped on the market —to crash gold and to defend the dollar. Something desperate is going on in the financial markets for the Federal Reserve to coordinate this extraordinary "event." Former Treasury official Dr. Paul Craig Roberts called today's gold smash an act of desperation orchestrated by the Federal Reserve...

Do You Want to Know the Future for the Price of Silver? Look East.

Demand for PHYSICAL silver bullion is robust in Asia. Buyers in the Eastern Hemisphere are not buying PAPER silver derivatives. They are buying actual 1000 oz silver bars by the metric tonne. People in the Middle and Far East prefer real bars, rather than paper contracts — for liquidity and no third-party risk.

Bonds Are In the Bubble of Your Lifetime.

The Federal Reserve has been inflating the U.S. Treasury Bond Bubble for more than thirty years. Managers of some of the world's largest bond funds are warning investors to act now. The bond market bubble is just about to  pop. Martin Kozlowski, Wall Street Journal Chances are, you are far more exposed to risk than you realize. It is likely half of your ETF [Exchange Traded Funds] portfolio is invested in U.S. Treasuries (read the fine print). And probably 40% of your retirement funds are allocated to bonds....

SILVER IS IN SHORT SUPPLY.

Silver is in the early stages of a fourth bull market. Do you remember what happened to silver in 1979-80? I do. In 1979 – after years of sideways metals markets - the silver price started moving like a freight train. The average price of silver in 1978 was $5.93 per ounce. Silver moved up from $6 January 1979 to $48 January 1980. The price of silver increased 800% in...

Storing Your Precious Metals

When you own gold, silver, platinum or palladium coins or bars, you want easy access to all or most of them.  You don’t want to rely solely on an organization that may be located across the country and at their mercy.  Having coins and bars in your “hot little hands” means that you could readily access them to trade in a barter situation.  (This is usually not possible with physical...