Money Metals News Service

No Gold and Silver? So Far, So Good...

In the original (1960) classic movie The Magnificent Seven, a Western adaptation of Kurosawa's The Seven Samurai, Vin (Steve McQueen), tells the wry tale of a man who fell off a ten-story building. Passing each floor people heard him say, "So far, so good… Keep Reading

Gold & Silver Prices Firm Despite Dollar, Stock Market Strength

Silver has fallen about $.45/oz from the early January highs, and gold has lost around $9/oz. Frankly, price action could be a lot worse. During that time, the Federal Reserve Note dollar rallied and the equity markets roared higher. That combination sho… Keep Reading

Socialist “Green New Deal” Points the Way to Hyperinflation

Socialist Venezuela’s economic collapse and hyperinflationary spiral serves as a warning for American investors. It’s what can happen when a government spends perpetually beyond its means and refuses to face reality.… Keep Reading

U.S. Congressman Introduces Bill to Remove Income Taxation from Gold and Silver

The battle to end taxation of constitutional money has reached the federal level as U.S. Representative Alex Mooney (R-WV) today re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.… Keep Reading

The Battle for Venezuela’s Gold Serves as a Lesson in Counterparty Risk

He who controls the gold makes the rules. That old adage applies aptly to the present crisis in Venezuela.… Keep Reading

Congressman Demands CFTC Explain Its Failure to Find Silver Market Manipulation Where DOJ Did

A member of the U.S. House Financial Services Committee today pressed the Commodities Futures Trading Commission (CFTC) on its conspicuous failure to uncover the very silver market manipulation now being prosecuted by the U.S. Department of Justice.… Keep Reading

If Financial Markets Make You Nervous, It’s Time to Own Physical Gold in Your IRA Instead

If the sharp selloff in stocks late last year has you looking for other places to invest your retirement money, self-directed IRAs are worth a look. These accounts allow you to switch some of your Wall Street assets for tangible assets such as gold, silve… Keep Reading

Central Bank Gold Purchases Hit A Record In 2018

Official gold purchases reached a new record in 2018 as central banks continued to diversify away from the U.S. Dollar. Not only was 2018 a banner year for central bank gold purchases, but it was also the highest amount for more than five decades.… Keep Reading

NEW ERA OF THE MODERN PRECIOUS METALS INVESTOR: The Coming Pension Fund Disaster

According to one study, Millennials preferred cash (30%) as their largest investment over stocks (23%). This should be no surprise as the older Millennials have experienced two market crashes, the dotcom NASDAQ crash and the 2008 market meltdown within a … Keep Reading

Peak Gold and the Coming Supply Crunch

During the lackluster and otherwise unremarkable trading of 2018, a hugely important development took place in the precious metals markets. Gold production, in the estimation of some top industry insiders, peaked. Peak gold represents the point at which … Keep Reading