Newmont Mining, one of the worlds largest gold producers has won the right to explore 3000ha near Pauanui in the Coromandel Peninsula of New Zealand, for gold and silver. Newmont already has a large open cast mine in nearby Waihi which is nearing the end of it’s life.  You can read the full NZ Herald article here. There is still potentially plenty of...

Dr Marc Faber of the Gloom, Boom and Doom Report recently was on Bloomberg (video below) stating that while the US dollar may be oversold in the short term, in the long run, over say 10 years, it will go to zero .ie. be worthless.  On price deflation versus inflation he thinks we could get both concurrently. Cash and US treasury bonds will be the big losers,...

Russian Prime Minister Vladimir Putin annouced this week they are ready to consider using the Chinese and Russian national currencies when doing oil and gas deals with China, instead of the US dollar.  They will join Brazil who recently agreed to trade with China in yuan (chinese currency) instead of dollars.  Along with the annoucement last month from Iran...

With the US Dollar dropping significantly again yesterday, (and gold gaining significantly) the blame is being placed on an article from Middle East based U.K. journalist Robert Fisk in the British paper The Independent. Mr Fisk says his contacts tell him that the Gulf Arab nations along with China, Russia, France and Japan, are planning on ceasing trading oil...

16 August 2009:  Up until this year it’s been illegal for the average chinese citizen to buy and hold gold and silver.  Also this year the government made it illegal to export silver and investing in precious metals is now also being reported about in the Chinese government controlled media.  See the video below. We think this looks to be a very...

The latest concerns about the Gold and Silver Exchange Traded Funds (ETF’s) comes from John Embry of Sprott Asset Management.  John has been speaking at the Silver Summit in Spokane, Washington where he has expressed doubts about the precious metals ETF’s actually having the metal that they claim to have. The report has been compiled by...