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Today’s Key Gold Headlines – 8/12/14

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Silver Can Protect You from “Financial Heroin”

Jeff Clark of Casey Research has just released a new commentary laying out his reasoning for buying silver right now. From the rising cost of production to Asian demand, Clark goes into detail about the latest silver fundamentals that serious precious metals investors need to be aware of.

“The drugs of choice for governments—money printing, deficit spending, and nonstop debt increases—have proved too addictive for world leaders to break their habits. At this point, the US and other governments around the world have toked, snorted, and mainlined their way into an addictive corner; they are completely hooked. The Fed and their international central-bank peers are the drug pushers, providing the easy money to keep the high going. And despite the Fed’s latest taper of bond purchases, past actions will not be consequence-free.

At first, drug-induced highs feel euphoric, but eventually the body breaks down from the abuse. Similarly, artificial stimuli and sub-rosa manipulations by central banks have delivered their special effects—but addiction always leads to a systemic breakdown.

When government financial heroin addicts are finally forced into cold-turkey withdrawal, the ensuing crisis will spark a rush into precious metals. The situation will be exacerbated when assets perceived as “safe” today—like bonds and the almighty greenback—enter bear markets or crash entirely.

As a result, the rise in silver prices from current levels won’t be 10% or 20%—but a double, triple, or more.”

Read the Full Article Here

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Today’s Key Gold Headlines – 8/11/14

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Argentina’s Default – A Euro Pacific Precious Metals Original Commentary

Argentina’s Default: A Devastating Lesson in Unfunded Government Liabilities

By Dickson Buchanan Jr., Director of International Development

Last week, on July 30, the Republic of Argentina was declared to be in default for the third time in 30 years.

Let’s put that into perspective. If you were a bank officer who offered a 30-year mortgage to the Government of Argentina in the early ‘90s you would have spent nearly the entire life of the loan in a perpetual nightmare of refinancing. You would likely be not only fired from your job, but a pariah in the entire industry. This is what Argentina’s international creditors and domestic citizens have faced in real life. At the time of writing this article, S&P has downgraded Argentina to CCC-, one of the lowest ratings available for sovereign governments.

The tragic history of sovereign defaults in Argentina expounds a vitally important lesson to all overly indebted countries, including the US, which do not want to face a similar fate.

The inability for governments to pay back debt spells economic disaster.
(more…)

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Today’s Key Gold Headlines – 8/8/14

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Silver Demand to Increase by 20-Million Ounces by 2018

According to a new report released by the Silver Institute, the demand for silver is expected to exceed projected global GDP growth. Silver demand should grow by 5% per year from 2014 to 2016. Demand for industrial silver, which accounts for over 50% of global demand, will rise due to its use in three key areas: flexible electronics displays, LEDs, and semiconductor computer chips.

“With the introduction of these advanced uses of silver in the electrical and electronics category, which last year provided over 40% of total silver industrial demand, along with growth in established uses, we should see silver industrial demand develop even further, especially as economies grow globally.” – Michael DiRienzo, Executive Director of the Silver Institute.

Read the Full Report Here

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The Fed Is Damned If It Does, Damned If It Doesn’t (Video)

Peter Schiff interviews Chris Rossini, contributor to the Ron Paul Institute for Peace and Prosperity, about his book Set Money Free. They talk about the Federal Reserve’s role in centrally planning the economy and how it funds the biggest welfare-warfare state in history. Peter says that price inflation is much higher than the official estimates. However, the Fed has put itself into a position where it will be impossible to do anything about it, even when it becomes undeniable to those in power.

“The only way they can save [the dollar] is to bankrupt the federal government. But somehow I have a hard time believing that the treasury defaulting on its debts is going to be a bullish situation for the world’s reserve currency. So, I think they’re damned if they do, damned if they don’t.”

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Today’s Key Gold Headlines – 8/6/14

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Central Banks Will Drive Gold to New Highs (Video)

Peter Schiff was interviewed by Chris Waltzek on GoldSeek Radio. They discussed the fact that gold is up 8% on the year and has done better than the stock market, and yet the so-called experts continue to say that it has had a “tough year.” Peter explained that the conditions needed for gold to break former highs over the coming years are exactly the artificially low interest rates and inflationary policies of the Federal Reserve and other worldwide central banks. Peter also spoke about how Janet Yellen is betting her positive economic forecast on the wealth effect associated with a rising real estate market, but he believes that the housing rally is over.

“Everybody was expecting the stock market to be up this year. In fact, it’s up less than all the experts thought it would be, whereas those same experts expected gold to be way down on the year. Instead, it’s doing better than the stock market. And they don’t even acknowledge how wrong they were. They still pretend that they were right.”

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Today’s Key Gold Headlines – 8/5/14

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