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JP Morgan Chase Bank just fired another salvo in the “war on cash.” The bank recently capped ATM withdrawals for non-Chase customers at $1,000 per day. The move came after the bank began installing new ATMs that dispense $100 bills. Some people were reportedly pulling tens of thousands of dollars out at one time, according […]
The market for silver jewelry grew in 2015, mirroring an overall surge in demand for the white metal, according to a survey report released yesterday by the Silver Institute: Silver jewelry sales in the United States were solid in 2015 with 60% of jewelry retailers reporting increased sales, according to a survey conducted on behalf […]
Donald Trump managed to shove his way into the spotlight again last week, claiming the US is heading for “a massive recession.” Unsurprisingly, the mainstream media scoffed at Trump’s assertion, pointing to the “great jobs report” that came out Friday. The report did show the US economy added some 215,000 jobs, slightly more than expected. […]
This is not an April Fools’ Day joke! These are the winners in Peter Schiff’s Gold Giveaway. Winners collected more than $4,500 worth of prizes, including gold coins, silver bars, and books signed by Peter Schiff. These lucky people were drawn at random from all of the entries submitted.
The Russians have launched into a gold buying spree. Based on recently released International Monetary Fund numbers reported at Mining.com., the Russian central bank ranked as the world’s leading gold buyer in February, adding 356,000 ounces to its reserves: Last December, Russia announced plans to increase its gold reserves to $500 billion within the next […]
When we talk about increasing gold demand, the focus tends to fall on Asia. Earlier this week, we reported surging investor demand for the yellow metal in China. The Japanese have also gone on a gold buying spree since that country’s central bank plunged interest rates into negative territory. But it isn’t just Asians who […]
You may have heard that you can’t purchase more than $10,000 worth of gold without it being reported to the IRS. This is a myth. You can avoid IRS reporting requirements, even on large-scale purchases. You just have to know the rules. Our brand new Guide to Tax-Free Gold and Silver Buying provides the information you need to […]
Generally speaking, rising prices tend to temper demand, but when it comes to gold in China, the recent price rally has created the opposite effect. As the Wall Street Journal put it, “Chinese investors see a golden opportunity.” Demand for gold has surged in China over the last several weeks, during a period generally considered […]
The feds recently released new data on student loan debt. The Department of Education press release claimed it showed “promising repayment trends.” If these latest numbers are good news, I’d hate to see the bad. As the Foundation for Economic Education (FEE) pointed out in its blog, total student loan debt increased at a healthy […]
Peter Schiff’s Gold Giveaway ended at midnight last night. Winners will be drawn at random from all of the entries that were submitted. We will be announcing them soon. Lucky winners will collect more than $4,500 worth of prizes, including gold coins, silver bars, and books signed by Peter Schiff.
