Perfect Storm Brewing for Price Inflation

Perfect Storm Brewing for Price Inflation By Clint Siegner A “perfect storm” is brewing for Midwestern farmers. Unending rains have led to the flooding of tens of millions of acres of farmland. The deluge comes on the heels of years of low crop prices. It has the makings of an agriculture disaster on a scale never seen before. The nation may see a “perfect storm” in terms of food inflation. Prices for some farm commodities figure to be a lot higher in the months ahead as markets adjust to dramatically…

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Signed as Law: Kansas Removes Barrier to the Use of Gold and Silver as Money

Signed as Law: Kansas Removes Barrier to the Use of Gold and Silver as Money By Michael Maharrey TOPEKA, Kan. (May 22, 2019) – Last week, Kansas Gov. Laura Kelly signed a bill exempting gold and silver bullion, and other precious metals, from the state sales tax. Passage of this legislation eliminates one barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money. Rep. Jim Kelly (R-Independence) introduced House Bill 2140 (HB2140) on Feb. 5. The new law exempts…

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Precious Metals Market Rigger Turns State’s Evidence

Precious Metals Market Rigger Turns State’s Evidence By Clint Siegner John Edmonds, a former vice president at JPMorgan Chase bank, may be headed to prison for cheating clients and investors. But metals investors can hope it won’t be before he is done helping federal investigators catch even bigger fish. Edmonds pleaded guilty to spoofing precious metals markets “hundreds of times with the knowledge and consent of his immediate supervisors” last October. The court delayed sentencing for those crimes again last week, and that is a very good sign. The move…

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West Virginia Joins Growing Sound Money Movement — Six Other States Now Weighing Their Own Bills to End Taxes on Gold & Silver

West Virginia Joins Growing Sound Money Movement — Six Other States Now Weighing Their Own Bills to End Taxes on Gold & Silver By Jp Cortez Before the ink could even dry on West Virginia Governor Jim Justice’s signature on a repeal of sales taxation on gold, silver, platinum, and palladium bullion and coins, legislators in Wisconsin and Maine introduced similar measures in their own states. All told, 39 states have now reduced or eliminated sales taxes on the monetary metals, and Wisconsin, Maine, Kansas, Arkansas, Minnesota, and Tennessee are…

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Practical Prepping for Financial SHTF Scenarios

Practical Prepping for Financial SHTF Scenarios By Stefan Gleason Preppers – the sort of people who build bunkers, stockpile supplies, and bear arms – aim to survive “SHTF” scenarios. When war breaks out, when the power grid goes down, when the banks fail, when the U.S. dollar collapses, when social unrest spreads, when the stuff hits the fan… will you be prepared? Risks are rising. The Bulletin of the Atomic Scientists maintains a “Doomsday Clock.” For 2019, it “sets the Doomsday Clock at two minutes to midnight—the closest it has…

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

Congressman Demands CFTC Explain Its Failure to Find Silver Market Manipulation Where DOJ Did By Jp Cortez Washington, DC (February 5, 2018) – 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. In a probing letter dated February 5 to CFTC Chairman J. Christopher Giancarlo, Rep. Alex X. Mooney (R-WV) writes: U.S. Justice Department obtained a guilty plea from a former commodities…

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2019 Money Metals Outlook

2019 Money Metals Outlook By Stefan Gleason Precious metals markets enter 2019 with an opportunity to shine. Several major bullish drivers are lining up to start the New Year – including technical, fundamental, monetary, and political drivers. Before delving into each of them, let’s consider where we’ve been over the past 12 months. To be frank, 2018 wasn’t a particularly bright year for gold and silver prices. Gold will finish with a slight loss; silver with a larger loss just shy of 10%. It could have been worse. Sentiment toward…

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Will 2019 Bring a Free and Fair Gold & Silver Market?

Will 2019 Bring a Free and Fair Gold & Silver Market? By Clint Siegner JPMorgan Chase and a number of other bullion banks are in a whole lot of trouble. Evidence detailing years of rigging markets and swindling clients is piling up. Deutsche Bank pleaded guilty two years ago and forked over hundreds of thousands of documents. John Edmonds, a former JPMorgan trader, entered his own guilty plea last month and turned state’s evidence. The carefully cultivated system of captured regulators may not help the banks this time. FBI investigators…

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Money, Fake Money, & Sound Money

Money, Fake Money, & Sound Money By Jp Cortez Americans no longer carry gold and silver money in our pockets and purses as our grandparents did. But we still carry the history, legacy, and spirit of those gold and silver coins in our language. “Sound money” embodies a clear message recognized for centuries around the world. It describes the musical, metallic ring of a gold, silver, or copper coin dropped on any hard surface of glass, stone, wood, or metal. Sound money literally refers to real wealth, with a natural,…

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Contrarians See Precious Metals Opportunity in Negative Sentiment

Contrarians See Precious Metals Opportunity in Negative Sentiment By Stefan Gleason Gold and silver markets entered this summer with sentiment toward the metals in something of a deep freeze. For several months, precious metals prices have gone essentially nowhere. No sustained rallies to attract momentum traders; no washout plunges to attract bargain hunters. The long, protracted stalemate between bulls and bears has frustrated metals investors and, frankly, bored the public. As a consequence, bullion buying volumes dipped. The U.S. Mint’s sales of gold and silver Eagles in the first half…

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