Welcome to the Silvertowne Vault Cast, helping you protect yourself against inflation and preserve wealth with physical Gold and Silver
My name is Shawn Ozbun, and our goal is to keep you up to date with what’s going on in the world of Gold and Silver by providing you with current news and precious metals pricing.
The Silvertowne Vault Cast is brought to you by www.Silvertowne.com
Welcome back to the SilverTowne Vault Cast, I want to say thank you to everyone who continues to listen week over week and epscially to those who leave comments on our YouTube channel, Facebook page and in the iTunes store. Those comments are very encouraging and it’s nice to hear what you think. I would like to ask you to continue to leave those comments and I would also like to ask that you give me some feedback on what you would like to hear more of and or less of. This podcast is to help you stay informed and I want to make sure that we are providing you with the type of information that you are looking for.
Now lets go ahead and get into todays precious metals pricing!
Gold - $1790 up $10.54
Silver - $35.02 up .28 cents
Platinum - 1706.00 up $14.00
Palladium - $672.00 up $15.00
Financial News:
US economic hopes shore up markets despite ongoing uncertainties over Spain and Greece
LONDON — Surprise good news from the U.S. continued to shore up financial markets Tuesday despite concerns about the economic outlook of both Greece and Spain.In what will be a busy week for U.S. economic data, investors are
assessing whether the world’s largest economy may be getting over its
recent soft patch. The monthly manufacturing survey from the Institute
for Supply Management on Monday pointed to an improvement. Its main
index rose sharply to above 50, a reading that signals growth. The
index had been below 50 from June through August.
Hopes that the U.S. is back in recovery mode has helped stocks and the
oil price start the new month on a relative high. The week’s economic
news out of the U.S. culminates Friday with the monthly nonfarm
payrolls report, which often sets the market tone for a week or two
after its release. Read
More...
The Federal Reserve Sends Thank You Letters To Congress For Letting Them Destroy Our Economy In Secret
The Federal Reserve continues to pump up this "bubble economy" by recklessly printing money and by setting interest rates artificially low, and the U.S. Congress continues to stand aside and allow them to systematically destroy our economy. The U.S. Congress could choose to end this madness at any time, but the truth is that Congress won't even pass a law that would allow the American people to see what is going on over at the Federal Reserve. Congress has voted down every single bill that would authorize a comprehensive audit of the Federal Reserve. So the folks over at the Fed will continue to be able to destroy our future in secret. In fact, back in July Federal Reserve Chairman Ben Bernanke actually sent five thank you letters to members of Congress that gave speeches on the floor of the U.S. House of Representatives encouraging their fellow lawmakers to vote against the bill to audit the Fed. Since the U.S. Congress continues to refuse to do anything to hold the Federal Reserve accountable, the Fed will continue to print unprecedented amounts of money, it will continue to set interest rates insanely low and it will continue to pump up the greatest debt bubble in the history of the world. Unfortunately, all debt bubbles eventually burst, and when this one does it is going to be a financial nightmare unlike anything we have ever seen before. Read More...
Stock Market Today: Looks Like Europe is Still a Huge Mess
The major headlines in the stock market today include: the ECB's about to release its balance sheet - which is quite scary, Spain is about to request a full-fledged bailout, and disappointing motor vehicle sales follow an unexpectedly good manufacturing report.
Here's a closer look.
Europe is nowhere near fixed- Stocks opened higher Tuesday on hopes that Spain would request a bailout for the entire country and not just the banks. This drove the markets higher but stocks have since pared gains after digesting the release of the European Central Bank's balance sheet which showed $21 trillion in assets and $22 trillion in liabilities. Never mind that there are more liabilities than assets and no equity to speak of, the questions economists are asking is where is all this money, who is accountable for it and can we even trust these numbers to be accurate.
Perhaps the most troubling news from overseas is the record unemployment of 11.4% in the Eurozone. Spain and Greece continue to have unemployment above 25% and Spain's youth unemployment is above 50%. "Youth unemployment, especially if prolonged, threatens to harm the self-esteem and economic potential of young people now and in the future Read More...
Our lost economic decade
Even though the collapse of Lehman Brothers Holdings Inc., which
triggered the worst financial crisis since the Great Depression,
happened nearly four years ago, our economy remains stagnant and
unemployment rates remain nearly double those of the Bush years.
These are the primary catalysts for the Fed’s announcement to pursue a
new round of open-ended bond buying (QE3) and extend its
zero-interest-rate policy into 2015. For investors who care to look,
there’s a pattern here; it’s continuing to move the goal line.
When the Fed first announced its intention to keep interest rates at or
near zero, the target date was 2011. Then it was 2012, 2013 and 2014.
Now it’s 2015. From this, we posit we are four to five years into our
own “lost economic decade.”
Interestingly enough, the bond market seems to agree. Larry Dyer, a
U.S. interest-rate strategist in New York with HSBC Holdings PLC’s
securities unit, recently said, “The bond market is pricing in pretty
close to a very prolonged period of low growth.”
Investors should infer from this that the Federal Reserve’s decision to
jolt the economy a third time with monetary stimulus measures won’t
help the economy much, but could stoke strong inflationary pressures
down the road. Read
More...
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For the best source for acquiring gold and silver please contact Silvertowne at 1-877-477- coin, that’s 1-877-477-2646 or you can visit us at www.silvertowne.com. Silvertowne has been a trusted precious metals and numismatics dealer since 1949.
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[Disclaimer] Shawn Ozbun is not a licensed financial adviser, there is risk associated with all investment including gold and silver. You should seek advise from a licensed financial expert before making a purchase.
