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These are the authors of te News Desk of GoldSilverWorlds.com. Based on several years of experience and research, the network behind GoldSilverWorlds.com created a trusted guide of verified Gold & Silver websites, online services and articles. Providing top quality and trusted sources is the primary objective; helping create awareness about Gold & Silver among people worldwide is the aimed result.

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Economist Sachs: The Amount Of Financial Fraud Is Enormous

Gold Silver Worlds | May 6, 2013 | Articles: General | 2 Comments

Columbia Economist Dr. Jeffrey Sachs speaks to the Philadelphia Fed. This is his brief message: We are beyond the macro economics right now. We are to a level of legal accountability, tax regulation, transparency and a basic sense of fairness. We do not have it right now. Wall Street is pretty lawless and unfortunately the regulatory system that we have is nearly broken down.

Junior Gold Miner Brazil Resources: What’s Been Done, What’s To Come

Gold Silver Worlds | May 6, 2013 | Articles: Gold Silver Stocks | 0 Comments

We first introduced Brazil Resources Inc. in the fall of 2012, when we applied Casey Research’s The Eight P’s of Resource Stock Evaluation to the company. We’ve decided to revisit this company, look at its progress over the past six months and explore some of the upcoming catalysts BRI has in store for the next 12 months.

Arizona Governor Vetoes The Gold & Silver Legal Tender Bill

Gold Silver Worlds | May 4, 2013 | Articles: General | 0 Comments

While we reported earlier this week that Arizona was as good as ready to adopt gold and silver as legal tender, after the Senate voted 18-10, it now appears that Arizone Governor Jan Brewer vetoed. In this short article we publish the letter that the Governor has written in which he explains his veto.

Detect Fake Gold & Silver Coins With An Easy Ping Test

Gold Silver Worlds | May 4, 2013 | Articles: Gold Silver Prices | 3 Comments

GoldSilver.com published a very practical report on the growing threat of fake silver and counterfeit gold products. Mainly the simple but powerful ping test (which everyone can do at home, at ease) can protect you from being ripped off by sellers of phony bullion products. The ping test applies to both gold and silver coins.

Jim Rickards: Gold Likely To Trade Sideways For Most Of 2013

Gold Silver Worlds | May 3, 2013 | Articles: Gold Silver Prices | 1 Comment

On the question where gold will trade for the rest of this year, Rickards is convinced that gold will go sideways this year and that it will go up next year. He also believes inflation is coming with a lag. On the question what deflation means for gold, Rickards answers that gold traditionally performs well amid deflation, as well as inflation.

What If Gold & Silver Investors Are Wrong?

Gold Silver Worlds | May 3, 2013 | Articles: Insights | 1 Comment

Any rational person should question whether long term silver investors are 100% wrong, especially in light of the recent notable decline in the price of silver. Nevertheless, if they ultimately conclude that silver investors are probably not wrong, then prudence would dictatethat at least some allocation of their investment portfolio to properly held precious metals would be appropriate.

Continuing Low Interest Rates In The US, Europe Joins The Party

Gold Silver Worlds | May 2, 2013 | Articles: General | 0 Comments

ECB President Mario Draghi today cut its benchmark refinancing rate to a record low 0.5%. Based on official inflation rates, holding government bonds in large economies yields a negative return on 2, 5 and 10 years. Based on the unofficial inflation rate, bond holders are literally throwing away their money. So who said that gold is a worthless investment because it does not pay an interest?

Arizona 2nd US State To Accept Gold & Silver As Currency

Gold Silver Worlds | May 2, 2013 | Articles: General | 1 Comment

This week it is Arizona who is one step away of adopting gold and silver official as currency on a state level. The Senate voted 18-10. It is the governor who needs to sign off (but could refuse as well in extremis). The bill will make gold and silver coins legal tender as of mid-2014.

Nine Facts & Figures About The Perth Mint In Australia

Gold Silver Worlds | May 2, 2013 | Articles: General | 0 Comments

The Perth Mint in Australia accounts for 300 tonnes of annual output, which equals slightly more than 10% of the world gold production (excl Russia and China). Being one of the largest mints in the world it is worth looking at the facts and figures behind the company. On the Perth Mint blog we have found nine interesting facts and figures.

Paper Money Has A Long History But Short Existence

Gold Silver Worlds | May 1, 2013 | Articles: Insights | 8 Comments

As history has shown, the government can control the monetary system for a certain time but not endless. As time progresses, the market can take over control. With the global monetary system at risk levels never seen before, Holders of paper money should ask themselves what exactly they are owning … and what would happen if history is about to repeat itself.

The Risk Of Continuing Gold Backwardation

Gold Silver Worlds | May 1, 2013 | Articles: General | 2 Comments

Renowned Professor Fekete recently wrote about the current backwardation in gold and explains what effects a prolonged backwardation could have not only on the gold markets, but on the economy as a whole. This is another risk related to paper gold trading which confirm that the only way one should invest in precious metals is by unencumbered physical ownership.

Peter Schiff: Even The Big Mac Indicator Shows 6% Inflation

Gold Silver Worlds | April 30, 2013 | Articles: General | 0 Comments

Peter Schiff comments on the latest disappointing US GDP figures and the real inflation rate. Since 2002 the price of a Big Mac is up with 6% while the CPI has increased less than 2%. Besides he discusses the increase of 3.2% in consumer spending, the decrease of earnings and the savings rate (which stands at its lowest points since Q4 2007).

Appetite For Physical Gold & Silver Remains Strong Worldwide

Gold Silver Worlds | April 30, 2013 | Articles: General | 4 Comments

The high demand around the world for physical gold and silver continues its race. In this short update we provide some highlights from different parts of the world, based on the latest reports.

Jim Rickards Describes Four Future Monetary Scenarios

Gold Silver Worlds | April 29, 2013 | Articles: Insights | 2 Comments

What will the monetary system look like once a collapse occurs, which Rickards expects in the coming 3 to 5 year time frame. In his view, which he describes in great detail in his book Currency Wars, there are four possibilities: multiple reserve currencies, SDR’s, a gold standard, chaos.

Why & How To Internationalize Your Cash

Gold Silver Worlds | April 29, 2013 | Articles: Insights | 0 Comments

Currency controls, confiscation, taxation, … all of these types of measures are about to hit ordinary and hard working people. Yes there is a way out. Smart people can not only diversify their assets and wealth in different types of hard assets, but also internationally. Doug Casey from Casey Research shares some insights in how to do it.

GOLD & SILVER PRICE | LATEST

Gold & Silver Price Subject To Greediness Of Traders

Short covering, triggered by rumours of a potential US downgrade from Moody’s, are sending gold and silver prices vertical. The move higher comes after a very suspicious spike this night in which the silver price was pushed 10% lower within the first hour of Asian trading (with a bank holiday in Europe). The charts show the price action in today’s trading sessions. In our own words: folly of the highest degree, or the metals being subject to greediness of traders.

Gold Silver Worlds | May 20, 2013 | Articles: Gold Silver Prices | 3 Comments

Silver Price Recovers From Its Flash Crash

The silver price has recovered most of its losses of Asian trading. For now, we believe that the downward pressure on the metals prices has reached a point where a bounce (at least a temporary one) is imminent. Too many technical traders are in the bearish camp. Meantime, the commercials have positioned themselves increasingly long. It seems that they are ready to extend their profits on a rally, after their gigantic profits during the crash mid-April. The ferocity of a potential short covering should be the main theme at the desk of the commercials right now.

Gold Silver Worlds | May 20, 2013 | Articles: Gold Silver Prices | 1 Comment

Gold: Motive, Means & Opportunity

Gold and silver are in long term bull markets. One of the objects of a bull market is to arrive at the peak with very few long term participants. The “bull” wants to buck you off periodically. It usually happens. Basic human nature – fear and greed – makes it difficult to ride the bull most of the way up and exit at the proper time. Fortunately for gold and silver bulls, there are many more years of deficit spending and increasing debt that will push metals prices much higher.

Gary Christenson | May 20, 2013 | Articles: Gold Silver Prices | 0 Comments

Silver Price Down 7% Right After Asian Opening

At the time of writing, it is midnight GMT (London) / 7 PM EST (New York) / 8 AM in Tokyo. The Asian market opened less than an hour ago. Large parts of Europe have a bank holiday today. So that means very thin trading. What happens? Really seconds after opening of Asian trading silver falls down from $22.3 to $20.8 in a matter of minutes.