SRSrocco

Articles by SRSrocco

After the U.S. economy disintegrated in 2008, due to the Banking and Housing crisis, Americans pawned off a record amount of gold.  How much gold?  Nearly, 32 million oz (1,000 metric tons).  That’s one heck of a lot of gold.   Matter-a-...
There’s this notion put forth by the majority in the precious metals community that the Fed and Central Banks control the market price of gold.  I have even heard that some analysts believe the Fed could push the gold price anywhere they...
There still seems to be some doubt in many investors’ minds on how much gold there is in the world.  I continue to receive emails from individuals who read articles stating that the amount of gold in the world is much greater than the...
US gold bullion exports to Asia started off with a bang in 2017, as the majority of the total shipped in January went to Hong Kong.  Not only did the U.S. export most of its gold bullion to Hong Kong, it was the highest monthly amount in...
How do you depress the physical gold price?  It’s quite easy… you throw $10 trillion paper dollars at it.  Not only did global paper gold trading amount reach a new record in 2016, it surpassed the previous years’ total by nearly 50%.
The U.S. Retirement Market is in BIG TROUBLE as annual benefits paid out are now larger than total contributions.  Actually, the amount of net withdrawals were the highest in history.  When payouts become larger than contributions… then we...
With the Trump euphoria pushing the broader markets to new all-time highs, it has impacted precious metals demand considerably… especially in February.  Precious metals investors believing the White House “Grandiose plans”, of making...
In just the past week, lawmakers in Idaho and Arizona have passed bills removing “Capital Gains Taxes” from gold and silver coins and bars.  Normally, when individuals sell gold or silver, they must pay capital gains on any increase on the...
According to newly uncovered information in the gold market, it provides additional evidence of why the Fed, Central Banks and the IMF were forced to RIG the gold market.  Actually, looking at this new information, I had no idea of the...
The carnage continues in the U.S. major oil industry as they sink further and further in the RED.  The top three U.S. oil companies, whose profits were once the envy of the energy sector, are now forced to borrow money to pay dividends or...

Pages

The 1849 Gold Rush sped up California's admission to the Union as the 31st state in that year.