Tag: buy silver

Amid Gold and Silver Shortages, a Top U.S. Dealer Introduces a Low-Cost Gold and Silver Offering

Eagle, ID – March 26, 2020 — While other precious dealers are sold out of most inventory, Money Metals Exchange, the national online dealer voted “Best in the USA,” today introduced its new Vault Metals program.  This unique initiative would make precious metals available to investors at very low premiums (silver at $1 or less over spot, for example). Here’s what’s happening… Recent days’ intense market demand has quickly soaked up virtually all available worldwide supplies of hold-in-your-hand silver – rounds, coins, and bars. Gold coins, rounds, and bars have become scarce, too, especially for less-prepared or under-capitalized dealers. These shortages mean that even though spot prices may be lower, most […]

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Short Supply and High Gold/Silver Premiums, But There IS a Solution…

Short Supply and High Gold/Silver Premiums, But There IS a Solution…

A huge spike in demand for physical precious metals has decimated available dealer inventories. The vast majority of gold and silver coins, rounds, and bars are either out of stock or come with extended shipping delays. Premiums are spiking higher. Dealers have raised bid premiums – the amount offered above the spot metal price – dramatically along with ask premiums. The market is still searching for equilibrium and bids dealers pay may need to go even higher to entice enough sellers to meet demand. Demand continues to far outstrip available supply of minted items. The problem is being compounded as mints and refiners close in response to the COVID-19 virus. […]

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Weldon: “This Opportunity Here Is As Good As It Gets…We’re Playing Gold & Silver Very Aggressively.”

Weldon: “This Opportunity Here Is As Good As It Gets…We’re Playing Gold & Silver Very Aggressively.”

Mike Gleason: It is my privilege now to welcome back our good friend Greg Weldon, CEO and president of Weldon Financial. Greg has decades of market research and trading experience specializing in the metals and commodity markets and even authored a book back in 2016 titled Gold Trading Boot Camp where he accurately predicted the implosion of the US credit market and urged people to buy gold when it was only $550 an ounce. He’s made a lot of great calls right here on this podcast this year and it’s great to have him back on with us. Greg, thanks for the time again and welcome. How are you? Greg Weldon: I’m great, Mike. My […]

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UPDATE: Arizona Ends Income Taxation on Gold & Silver Coins

**For immediate release** Arizona Ends Income Taxation on Gold & Silver Coins Arizona Governor Doug Ducey Greenlights House Bill 2014, Removing Income Tax from Certain Precious Metals at the State Level   Phoenix, Arizona (May 23rd, 2017) – Sound money advocates rejoiced today as House Bill 2014 became the law in Arizona. HB 2014, which passed in the Arizona state Senate on May 10th by a margin of 16-13, removes all income taxation of precious metals coins at the state level. Under House Bill 2014, introduced by Representative Mark Finchem (R-Tucson), Arizona taxpayers will simply back out all “gains” and “losses” on any precious metals that are in legal tender […]

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David Smith: It’s Better to Buy Gold & Silver When It DOESN’T Feel Good

David Smith: It’s Better to Buy Gold & Silver When It DOESN’T Feel Good

Your browser does not support the podcast player element. DOWNLOAD MP3 Mike Gleason: It is my privilege now to welcome back David Smith, Senior Analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, thanks for joining us again. How’ve you been sir? David Smith: Very good Mike, it’s great to be back. Mike Gleason: Well, before we get into other topics such as the Silver Institute’s latest report on the silver market and also the article you wrote for us recently on digital currencies, crypto-currencies, and so forth, I first want to have you set the stage here on where we are and where we’ve been in the […]

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Still Waiting for a Precious Metals “Correction”? Get Off the Dime and Buy Some Silver Ones…

Still Waiting for a Precious Metals “Correction”? Get Off the Dime and Buy Some Silver Ones…

Over time, charts for a bull market tend to print higher highs and higher lows on the way to the primary top. Two steps forward, one step back, creating a visual stair-step effect. This chart “picture” has been in evidence for gold, silver, and the miners since January. So far, waiting hasn’t been a good strategy. Yes, there were a couple of times in April, and a month later in late May where you might have been able to buy and save some money. But things can get in the way of that plan. And for a number of people I’ve talked to, things apparently did. The first obstacle is […]

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Silver Buy Signal – 2016

Silver Buy Signal – 2016

The gold to silver ratio has been used for years to indicate buy and sell zones in both gold and silver. Why? At BOTTOMS in both gold and silver, based on 40 years of history, silver prices have fallen farther and faster than gold. Hence the gold/silver ratio reaches a relative high. At tops in both gold and silver the ratio is often low since silver rises more rapidly than gold. As Jim Sinclair says, “silver is gold on steroids.” Examine the following graph of the gold to silver ratio (monthly data) for the past 40 years. I have circled the six most extreme highs in the ratio with green […]

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Silver: May the 100 Year Force Be With You!

Silver: May the 100 Year Force Be With You!

What force? Some of the “forces” in our world that are supportive of higher silver prices are: Debt Increases: Global debt exceeds $200 Trillion and rising rapidly. Warfare: Syria, Turkey, Russia, Ukraine, South China Sea, Chicago and others. It is a long list. Welfare: Bank bailouts, military contractors, Medicaid, food stamps, dozens of “programs” and so much more. Central bank “money printing:” Bank of Japan, European Central Bank, the Federal Reserve, Bank of England and others are doing what they do best – devaluing their currencies. The bubbles created in the bond, stock, and currency markets must be fed and supported. There is little doubt that the world is drowning […]

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How To Buy Silver Coins and Rounds Which Are in Short Supply

How To Buy Silver Coins and Rounds Which Are in Short Supply

To Capitalize on Low Spot Prices AND Low Premiums, Choose Gold Coins, Bars, and Rounds or Silver Bars

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