[The SilverTowne Vault Cast Episode 1 Script: Posted 8/20/12]
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
Lets go ahead and get started with the current market prices [8/20/12]
Gold - $1611.82
Silver - $27.99
Platinum - $1468
Palladium - $607
Financial News:
The Chicago Tribune and several other news sources are reporting that US banks told to make plans for preventing collapse.
Article states: U.S. regulators directed five of the country's biggest banks, including Bank of America Corp. and Goldman Sachs Group Inc., to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help. Read more...
Central banks are buying record amounts of Gold according to an article from goldinvestingnews.com
Central banks, including those in Kazakhstan, the Philippines, Russia and Ukraine, increased their bullion holdings in the second quarter to 157.5 tonnes — more than double compared to the second quarter of 2011, when the central banking sector bought 66.2 tonnes, and representing 16 percent of total gold demand. It was also the highest level of buying since central banks became net buyers of gold in Q2 2009, according to the report. Read more...
Billionaire George Soros unloads all investments in major financial stocks, invest over 130 million in gold.
Billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012. Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.
What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust. When a major global player with direct ties to the White House, Wall Street, and the banking system starts off-loading stocks and starts stacking gold, it suggests a very serious market move is set to happen. Read more...
China is buying record amounts of Gold and has been for some time now. The banks are preparing, other countries are preparing. It only makes sense that we as citizens prepare as well, and protect our financial future.
Thanks for listening to the Silvertowne vault cast, you can always find our show in iTunes and we would really appreciate you would take a few minutes and rate our podcast in the iTunes store.
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.
One of the most common ways to invest in silver is with silver ingot. They are affordable, portable and easy to stack and store. Popular SilverTowne Trademark Silver Bars, featuring a classic prospector and his donkey, are guaranteed .999 fine silver and available in 1, 5 and 10 ounce sizes. Contact Silvertowne today.
[Disclaimer:] Shawn Ozbun is not a licensed financial adviser, there is risk associated with all investment including gold and silver. You should seek advice from a licensed financial expert before making a purchase.
