Speaking to Congress recently, Fed Chairman Ben Bernanke was asked point blank by Representative Ron Paul if gold was money. He paused, then answered definitively, “No, it’s a precious metal.”  However, that precious metal is now at the center of a growing storm of discussions about what to do with the world’s currencies as the global economy sinks into a lingering malaise. On one hand, you have those who dismiss gold as a relic. It’s nothing more than a traditional store of wealth, with no relationship to the modern economy. On the other hand, you
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In the traditional way of things on Wall Street, firms invest in stocks, bonds, and real estate.  Commodities play a certain role, but they are certainly not the focus.  Neither are precious metals.  After all, who on Wall Street wants to be one of those nutty gold bugs? Anyone who wants to make money, it
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Precious metals prices have been quite volatile over the last few weeks. The spot price of silver has been more stable than the spot price of gold, but for those who were looking for a straight path up to higher values, both metals have been a disappointment. What’s going on?  Is this just the beginning
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What’s driving gold higher…how long will it continue to rise …and what should we be doing to take advantage of it? by Brien Lundin, Editor, Gold Newsletter Gold is making headlines across the world, as it seemingly sets new price records on a daily basis. But surprisingly few investors realize that the yellow metal’s been
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By Porter Stansberry with Braden Copeland It is the most important financial idea we could ever give to you. The fate of millions of Americans rests in a single market, where just one financial instrument trades, and… This market is collapsing. Its downfall began, as we predicted at the time, in late 2008. This single market determines our standard of living, our role in the world, and our prestige as a nation. It directly influences the price of food and oil. And that’s not all… We call it “the only trend that matters.” It is
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The International Monetary Fund estimates that the G20 is on course to see government debt exceed 100% of the GDP within three years. This debt size cannot be financed or repaid, which will lead to the collapse of the euro. By Porter Stansberry with Braden Copeland The International Monetary Fund estimates the 20 largest industrial nations (known as the G20) are on course to see their combined government debt exceed 100% of their combined GDP within three years. Debts of this size simply cannot be financed, let alone repaid. The first step in this great
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When I talk about “The End of America,” I don’t mean the end of our political union (although I won’t rule that out). I’m talking about the end of the U.S. dollar as the world’s reserve currency. So how will it unfold? That’s what people keep asking me. My answer is: The collapse of the
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When gold was cheap – relatively speaking – loading up on bullion bars, coins, and rounds made sense.  The premiums for graded numismatic coins seemed crazy, and the concept of collectibles generating wealth wasn’t a mainstream idea.  However, now that the price of gold is consistently hovering around the range of $1400 per ounce, looking
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Americans woke up to staggering figures screaming across the pages of the Drudge Report last week. The numbers on government spending and debt had been published and the results were in. America isn’t just broke … she is so far into debt that it would take each American citizen (the latest count showing 308,745,538 people)
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The announcement that the Federal Reserve would be monetizing some $600 billion dollars of U.S. debt was met with joy by some and dismay by others.  On both sides of the equation, there were many who felt that the full ramifications of monetizing the debt had not been considered.  While the whys and hows dithered,
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