RSSCategory: Articles: General

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

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

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.

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Nine Facts & Figures About The Perth Mint In Australia

Nine Facts & Figures About The Perth Mint In Australia

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.

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The Risk Of Continuing Gold Backwardation

The Risk Of Continuing Gold Backwardation

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.

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

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

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).

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Appetite For Physical Gold & Silver Remains Strong Worldwide

Appetite For Physical Gold & Silver Remains Strong Worldwide

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.

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When to Buy a “Buy”

| April 27, 2013 | Articles: General
When to Buy a “Buy”

Buy, sell, hold, or pass altogether? This is the dilemma we face as investors, particularly if we subscribe to one or more investment newsletters. If a company was recommended in a previous issue, are we too late? Did the price escalate rapidly, or is it still a good choice? I subscribe to many newsletters myself, so it’s an issue I deal with often.

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Gold & Silver – Market Overview April 23d

| April 24, 2013 | Articles: General
Gold & Silver – Market Overview April 23d

Times are changing. Default is in the wind. It could happen. If so, expect the premiums on physical gold and silver to increase much further. There is no fever like gold fever. But as I see it, the important news is that demand for physical gold and silver is huge – worldwide.

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Manifestations In Argentina Against Money Printing & Capital Controls

Manifestations In Argentina Against Money Printing & Capital Controls

What is frightening is that politicians believe their own stories and think that the printing press will bring prosperity to their country and citizens. At least, they pretend to do so. Let’s get serious, who in this modern world reigned by the homo economicus still believes that adding huge quantities to the money supply comes without consequence?

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What Does The Future Have In Store For Gold?

What Does The Future Have In Store For Gold?

More paper money continues to be printed by central banks round the globe. Creation of $85.0 billion a month in new paper money by the Fed and its utilization for the purchase of government bonds and mortgage-backed securities has allowed inflation to creep in. In the past, gold has always climbed higher in such situations.

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This Is How Gold Rush Asia 2013 Looks Like

This Is How Gold Rush Asia 2013 Looks Like

The gold buying frenzy is the biggest in Asia. As we all know, we are living in an era in which gold is moving from the West to the East. Gold simply follows where the money goes, as James Steel once said. As a picture tells a thousand words, we will keep this story short and let the following pictures speak.

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Where Are The Regulators After The Historic Gold & Silver Price Drop?

Where Are The Regulators After The Historic Gold & Silver Price Drop?

It appears that the multi-market price smash of this past week is also destined to be intentionally ignored by both the CME and the CFTC, save for the braggadocios press release from the CME and some not so reassuring words from Commissioner Chilton that the agency is ”looking into it.”

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US Mint Sells Most Coins Ever In First 4 Months

US Mint Sells Most Coins Ever In First 4 Months

While April has not been completed, with a bit more than a week to go, the sales reports again beat all previous years. We have created the following overview which shows the sales of the US Mint gold and silver coins year-to-date. Physical gold and silver demand is on fire and has been accelerated this week with the gold and silver price drop.

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Chinese Gold & Silver Exchange Sold Out Of Bullion

Chinese Gold & Silver Exchange Sold Out Of Bullion

The list of evidence and testimonials of an explosion in PHYSICAL gold and silver demand keeps on growing. Here is now the President of the Chinese Gold & Silver Exchange Society, who testifies on Bloomberg that their exchange is sold out of gold bullion. The delivery time is increasing as they rely on shipments out of Switzerland and London.

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Economic Indicators Not As Contained As Politicians Pretend

Economic Indicators Not As Contained As Politicians Pretend

In the past couple of weeks there has been an accumulation of worrying economic indicators, to say the least. This short article provides an overview. Is it a coincidence that gold and silver crashed, just like in the summer of 2008?

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