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Thursday, March 31, 2016

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A Visit to the World Money Fair in Berlin

Posted: 31 Mar 2016 01:00 PM PDT

In early February, I visited the World Money Fair in Berlin- the world's leading numismatic and precious metals convention…   Submitted by Ronan Manly: The World Money Fair is the world's leading numismatic and precious metals convention, and is now in its 45th year. Held each year in the Estrel Convention Centre, part of the Estrel […]

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Paper Gold & Silver: An Age Of Deception And Fraud

Posted: 31 Mar 2016 12:00 PM PDT

In the Shadow of Truth's latest "Market Update,"  we focus on the gold and silver market – or the fraudulent paper version thereof…   Submitted by PM Fund Manager Dave Kranzler: If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only […]

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Gold Consolidation Since February May End up as a Triangle

Posted: 31 Mar 2016 11:47 AM PDT

Gold Royalty Companies Continue to Progress

Posted: 31 Mar 2016 11:00 AM PDT

The large gold royalty companies remain among our top holdings, notwithstanding the high valuations and our comments on the overall gold market and short-term concern on the gold stocks. Source: Adrian Day:   Osisko Gold Royalties Ltd. (OR:TSX, $12.90) is all cashed up, as its two core royalties proceed well. It has about CA$650 million […]

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Imploding Pensions Take The Rest Of US Down With Them

Posted: 31 Mar 2016 10:30 AM PDT

It’s the same story pretty much everywhere: Cities and states promised ridiculously generous (by today’s standards) pensions to teachers, cops and firefighters, failed to sufficiently fund the plans and invested the money they did have very badly. And now the weight of the resulting unfunded obligations are crushing not just plan recipients but entire communities. Here’s a representative case:

Oregon PERS unfunded liability swells to $21 billion

(KTVZ) – This week, Oregon’s Public Employee Retirement System Board received an earnings report on the status of the PERS fund investment. The report said Oregon’s PERS fund fell by 4 percent in 2015, a loss of nearly $3 billion — and a Central Oregon lawmaker said that means major reforms are more urgent than ever.

“The blow to PERS from the Moro court case left Oregon with an additional $5 billion in unfunded liability,” Sen. Tim Knopp, R-Bend, said Tuesday. “Now PERS is an additional $8 billion short of its target.”

In that ruling nearly a year ago, the state Supreme Court overturned the vast majority of the PERS reform cost-saving provisions enacted by the 2013 Legislature.

The current unfunded PERS liability now exceeds $21 billion, up from $18 billion last year, he noted.

PERS Communications Director David Crossley said while the PERS fund earned just over 2 percent last year, it did not achieve the “assumed savings rate” of 7.75 percent, so the liability increased by about $3 billion.

He noted that PERS had positive earnings, but lost value because it pays out about $3.5 billion in benefits a year.

PERS rates for school districts and local governments will rise in July 2017, Knopp said, forcing school districts to lay off teachers, reduce school days, increase class sizes, and cut programs like art and PE. Local governments will also have to make cuts to public safety and other critical services.

This combination of worse-than-expected investment returns and legal barriers to cost savings is playing out across the country. See Fitch downgrades Chicago after “worst possible outcome” in state supreme court pension reform bid.

What follows — “…forcing school districts to lay off teachers, reduce school days, increase class sizes, and cut programs like art and PE. Local governments will also have to make cuts to public safety and other critical services” — is also playing out in most states and cities.

And this, remember, is at the tail end of an epic bull market in financial assets. If pension plans aren’t fully funded now, they’ll fall into an abyss in the coming correction.

The result: everyone gets poorer. Or more accurately, everyone discovers that they were never as rich as they thought they were, and that the down escalator they’re on has a long way to go.

At the risk of belaboring the point, imploding pensions, like most other modern problems, can be traced back to easy money. Put a monetary printing press in the hands of government and the resulting corruption flows from Washington outward to every state capital and mayor’s office. With interest rates artificially low and inflation artificially high, generating 8% returns as far as the eye can see looks not just possible, but easy. So promising benefits based on high rates of return seems reasonable to elected officials anxious to buy labor peace. And once the Ponzi scheme is in place, there’s no way to turn it off without creating chaos.

The only solution (again at the risk of repetition) is to take the easy money program to its logical extreme and devalue the dollar by an amount large enough to make nominal pension benefits affordable. That’s functionally the same as honestly cutting benefits and will impoverish everyone who doesn’t own lots of real assets, but it will be easier to hide.

Silver Update with The Doc: Silver Breakout Or Cartel Slam?

Posted: 31 Mar 2016 10:00 AM PDT

Are we witnessing the breakout we have long awaited or will the cartel slam the metals in the short run? We have both options expiry and unemployment to be released on Friday – both are favorite targets of the cartel.  We will know by Friday mid-morning. From The Daily Coin: I sat down with The […]

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Wheelbarrow Hyperinflation, From Venezuela To The US

Posted: 31 Mar 2016 09:45 AM PDT

“We’re rich, bi*ches!” Jeff Berwick reports on mind-numbing Venezuelan hyper-inflation from the heart of Caracas, and warns wheelbarrow style currency devaluation is headed from Venezuela to the US…

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Gold: Correction Ahead, But Market Very Strong

Posted: 31 Mar 2016 09:00 AM PDT

Gold is up over 15% this year so far, while the gold stocks (per XAU index) have risen over 50%. But investors are skeptical about this year’s gold rally, and that’s a good thing. For the past several years, we have seen strong rallies in gold and gold stocks early in the year, only to […]

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Is Donald Trump A Part Of The New World Order?

Posted: 31 Mar 2016 08:00 AM PDT

We Are Change’s Luke Rudkowski breaks down the evidence…

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Five Years That Changed Silver Forever – Ted Butler

Posted: 31 Mar 2016 07:15 AM PDT

I did not immediately see the monumental change that began to occur five years ago. This astonishing development that had begun in 2011 did not come clear to me until late 2013. I discovered that the largest U.S. bank, JPMorgan Chase, began to accumulate massive amounts of physical silver starting in 2011 and has continued […]

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Marc Faber: Gold Still Most Desirable Currency in Wake of Brussels Attack

Posted: 31 Mar 2016 07:00 AM PDT

After several years of low gold prices, 2016 has brought a rebound, with the metal rising almost 20% since the first of the year, although recent price corrections have slowed gold’s advance. After the Brussels terrorist attacks last Tuesday, gold rose briefly, but then was undercut by a strong U.S. dollar rally. Investors are wondering […]

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‘$5 Million Coin’ Now On Sale – One of Largest, Purest and Rarest Gold Coins In World

Posted: 31 Mar 2016 05:01 AM PDT

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Bond Market Bubble – Video Interview

Posted: 31 Mar 2016 01:03 AM PDT

Bond Market Bubble

In this video on Ted Sudol and Paul Mladjenovic, author of High Level Investing For Dummies and Precious Metals Investing For Dummiestalk about the bond market bubble.

A lot of people are worried about the turbulence of the stock market are moving their money to bonds. Why is that? Well in the event that the worst happens and there is a bankruptcy the bond holders get paid before the stock holders. So in a sense people move to bonds for safety. Historically bonds have done well in recessions. But there has also been a movement into bonds because interest rates have been so low. People have been so hungry for higher yields they have been moving money into lesser quality bonds the so called "junk bonds."

We are starting to see world-wide debt tearing at the seams and some of the lesser quality bonds are starting to have problems as some of these organizations start defaulting.

You should take a look at the bond ratings but we believe you are going to see more defaults. People invest in precious metals for safety and to avoid counter party risk. People have been investing in the precious metals for thousands of years as a store of wealth and for safety.

Michael Pento, in his book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market examines the coming bond market collapse in greater depth.

Make sure you go to Paul Mladjenovic's Resource page and also Michael Pento's Resource page here at for more information about them and the books and services they offer.

Listen to the Precious Metals Investing Podcast its available on iTunes at: Precious Metals Investing podcast on iTunes.

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Protected: Gold Stocks Holding Immediate Support

Posted: 31 Mar 2016 12:03 AM PDT

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THE GOLD REPORT Investment Flows Point To A Big Future Move In Gold

Posted: 30 Mar 2016 11:00 PM PDT

SRSRocco Report

Harvey Organ: Expiration Raid!

Posted: 30 Mar 2016 09:21 PM PDT

Who would have thunk it- A RAID ON OPTIONS EXPIRATION!!!   BANKERS ORCHESTRATE A RAID PRIOR TO OPTIONS EXPIRY AT THE LBMA/OTC MARKETS/ SILVER OPEN INTEREST NOW RISES TO 175,000 NEAR MULTI YEAR HIGHS DESPITE A LOW PRICE/JAPANESE INDUSTRIAL PRODUCTION PLUNGES/CHINA FIXES YUAN MUCH HIGHER GIVING THANKS TO YELLEN'S DOVISHNESS     Gold:  $1,226.90 down $8.90 […]

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Robert Kiyosaki And Harry Dent Warn That Financial Armageddon Is Imminent

Posted: 30 Mar 2016 06:17 PM PDT

Alarm Clock Globe - Public DomainFinancial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future.  Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki actually originally projected that a great crash was coming in 2016 all the way back in 2002.  Of course we don’t exactly have to wait for things to get bad.  The truth is that things are not really very good at the moment by any stretch of the imagination.  Approximately one-third of all Americans don’t make enough money to even cover the basic necessities, 23 percent of adults in their prime working years are not employed, and corporate debt defaults have exploded to the highest level that we have seen since the last financial crisis.  But if Kiyosaki and Dent are correct, economic conditions in this country will soon get much, much worse than this.

During a recent interview, Harry Dent really went out on a limb by staking his entire reputation on a prediction that we would experience “the biggest global bubble burst in history” within the next four years…

There will be… and I will stake my entire reputation on this… we are going to see the biggest global bubble burst in history in the next four years…

There's only one way out of this bubble and that is for it to burst… all this stuff is going to reset back to where it should be without all this endless debt, endless printed money, stimulus and zero interest rate policy.

And of course he is far from alone.  Without a doubt, we are currently in the terminal phases of the greatest financial bubble the world has ever known, and it is exceedingly difficult to see any way that it will not end very, very badly.

Ultimately, Dent believes that we could see U.S. stocks lose two-thirds of their value by late next year…

The Dow, I'm projecting, will hit 5,500 to 6,000 by late 2017… just in the next year and a half or so. 

That'll be most of the damage… then it will rally and there'll be some aftershocks into 2020… my four cycles point down into early 2020 and then they start one after the other to turn up… I think the worst will be over by 2020, but the worst of that will be by the end of 2017.

If that does happen, it will be a far worse crash than what we experienced back in 2008, and the economic consequences will be absolutely terrifying.

Another highly respected financial expert that is making similar claims is Robert Kiyosaki.  My wife is a big fan of his books, and I have always held him in high regard.

But what I didn’t realize is that he had actually predicted that there would be a major financial crash all the way back in 2002…

Fourteen years ago, the author of a series of popular personal-finance books predicted that 2016 would bring about the worst market crash in history, damaging the financial dreams of millions of baby boomers just as they started to depend on that money to fund retirement.

Broader U.S. stock markets are recovering from the worst 10-day start to a year on record. But Robert Kiyosaki — who made that 2016 forecast in the 2002 book "Rich Dad's Prophecy" — says the meltdown is under way, and there's little investors can do but buy gold or silver and hope the Federal Reserve slows the slide.

I agree with Kiyosaki that one way that investors can shield their wealth is by getting gold and silver.  In a recent article, I explained exactly why I believe that silver in particular is ridiculously undervalued right now.

Kiyosaki also believes that the coming crash could be delayed a bit if the Federal Reserve decided to embark on another round of quantitative easing.  But even if that happens, Kiyosaki is absolutely convinced that eventually “it's all going to come down”…

Kiyosaki told MarketWatch that the combination of demographics and global economic weakness makes the next crash inevitable — but the Fed could stave it off with another round of quantitative easing, which might stimulate the economy.

The Fed turned more dovish at its March meeting, with the central bank penciling in fewer interest-rate hikes this year than were previously part of its implied framework. The Fed signaled those hikes would happen more slowly than had been anticipated earlier, owing to a weak global economic environment and a volatile stock market.

"The big question [whether] we do 'QE4,'" said Kiyosaki. "If we do, the stock market will come roaring back, but it's not rocket science. If we stop printing money, it crashes; if we print money, it goes up. But, eventually, it's all going to come down."

Another voice that I have come to respect is Jim Rickards.  He is not quite as apocalyptic as Kiyosaki or Dent, but without a doubt he is deeply concerned about where the global economy is headed…

Global growth is slowing both because of weakness in developed economies like Europe and Japan, and weakness in some of the emerging markets champions such as China, Brazil and Russia. The limits of monetary policy have been reached.

The evidence is now clear that negative interest rates don't stimulate spending; they are only good for devaluation in the ongoing currency wars. World trade is shrinking; a rare phenomenon usually associated with recession or depression.

And he is exactly right.  The economic downturn that we are witnessing is truly global in scope.  Brazil has plunged into an economic depression, the Italian banking system is in the process of completely melting down, and Japan has implemented negative interest rates in a desperate attempt to keep their Ponzi scheme going but it really isn’t working.  In fact, Japanese industrial production just crashed by the most that we have seen since the tsunami of 2011.

Here in the United States, investors are generally feeling pretty good right now because stocks have rebounded substantially in recent weeks.  However, Rickards is warning that this rebound is very temporary…

Stocks are clearly in a bubble. The stock market is ignoring the strong dollar, which in turn hurts exports and devalues overseas earnings. It is also ignoring declining corporate earnings, imminent defaults in the energy sector, and declining global growth in general.

Never mind. As long as money is cheap and leverage is plentiful, there's no reason not to bid up stock prices, and wait for the greater fool to bid them up some more.

There is so much that we could learn from all these three men.

Sadly, just like we saw in 2008, most Americans are ignoring the warnings.

The mainstream media has conditioned the public to trust them, and right now the mainstream media is insisting that everything is going to be just fine.

So will everything be just fine as the months roll along?

We will just have to wait and see…

 

Rickards: Why Gold Is Going To $10,000

Posted: 17 Mar 2016 02:41 PM PDT

Jim Rickards believes a cocktail of factors makes it more critical than ever for investors to protect their portfolios with gold. In the interview below, Rickards explains why the royal metal is going to $10,000/oz… Why own gold in a deflationary cycle? The longest period of sustained deflation in American history was during 1929 to 1933. […]

Gold and Silver Rocket Higher, Dollar Plunges, After FED Fails to Hike Rates

Posted: 16 Mar 2016 11:56 AM PDT

Gold and silver prices both rocketed higher, as the dollar plunged following news that the FED would not hike interest rates in March. The FOMC kept the target range for the benchmark federal funds rate at 0.25% to 0.5%. While this lack of a hike was widely expected, the big news lighting a fire under commodities was […]

Miner Spotlight: B2Gold Bounces 12% After Securing Funding for Fekola Mine

Posted: 15 Mar 2016 05:41 PM PDT

Gold Stock Bull 'miner spotlights' will periodically highlight mining companies with significant news such as high-grade drill results, the release of economic studies, takeover rumors, insider buying or other events. This will allow subscribers the opportunity to perform their own due diligence and potentially identify mining stocks at the start of a new major uptrend. To […]
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