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
First episode got a great response, much larger then I was expecting. So I want so say thank you for supporting the SilverTowne Vault Cast and please remember to take a couple minutes and subscribe to the SilverTowne Vault Cast and would you please give us a rating and leave us a comment.
Lets go ahead and get started with the current market prices [August 23, 2012]
Gold - $1663.09Silver - $30.43
Platinum - $1548
Palladium - $644
Financial News:
It's Going To Get Really "Bad After The Next Election
In a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to prepare for "Financial Armageddon," saying he fully expects the economy to implode after the U.S. election.
Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing," says the world is "drowning in too much debt." He put the blame squarely on U.S. and European governments for abusing their "license to print money." In the U.S. alone, the national debt has surged to nearly $16 trillion, that's more than $50,000 for every American man, woman and child.
"[They] need to stop spending money they don't have," Rogers said. "The solution to too much debt is not more debt... What would make me very excited is if a few people [in the government] went bankrupt..." Rogers added. Read More...
Billionaire John Paulson is "doubling down" big on gold
Billionaire John Paulson raised his stake in an exchange-traded fund tracking the price of gold while selling other stocks during the second quarter, leaving his $21 billion hedge fund with more than 44 percent of its U.S. traded equities tied to bullion. Read More...
Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?
Over the past 12 months, hundreds of banking executives have been
resigning, corporate insiders have been selling off enormous amounts of
stock, and I have been personally told that a significant number of
Wall Street bankers have been shopping for "prepper properties" in
rural communities this summer. Meanwhile, there have been reports
that the U.S. government has been stockpilingfood and ammunition
What we do know is that a financial collapse is coming at some
point. Over the past 40 years, the total amount of all debt in
the United States has grown from about 2 trillion dollars to nearly 55
trillion dollars. That is a recipe for financial armageddon, and
it is inevitable that this gigantic bubble of debt is going to burst at
some point. Read
More...
I get dozens of these articles coming across my Google reader every day, raising these same questions. I believe the question isn't is there going to be hard economic times ahead, the question is have you protected your wealth by investing in Gold and Silver. Now again, I'm not a financial advisers, but my personal opinion is that the best way to hedge against these hard financial times is by owning physical gold and silver. Gold and Silver have survived the test of times, unlike fiat currencies, which have always eventually failed.
Gold To Rally As Central Banks, Investors Buy, Coutts Says
Gold will extend a bull run as emerging-market central banks and investors accumulate the metal to protect against weakening currencies, according to Coutts & Co., the private-banking division of Royal Bank of Scotland Plc.
“The reason we’re positive on gold is that major currencies around the world lack credibility,” Gary Dugan, chief investment officer for Asia and the Middle East, said in an interview in Singapore today, without giving a price forecast. Read More...
Gold Climbs to 3-Month High
Gold prices hit their highest level since early May Wednesday, rising
to $1645 an ounce during this morning’s London trading.
Silver prices also gained, rising to $29.70 per ounce – their highest
level since early June.
By contrast, European stock markets ticked lower, while commodities
were broadly flat and US Treasuries gained, ahead of the publication of
Federal Reserve policy meeting minutes later today.
A day earlier, gold prices jumped 1% in less than three hours Tuesday,
hitting the top of the trading range that stretches back to May.
“The break above resistance from $1624 to $1629 is bullish,” say
technical analysts at bullion bank Scotia
Mocatta. Read
More...
Gold and Silver Rise as USD Falls, Markets Look to Europe
Gold finally managed to break to the upside from the $1,560-$1,620
range its been stuck in since May. Silver also advanced strongly for
the second straight session and is trading at its highest level since
June.
Russia continues to be a strong accumulator of gold. In the recently released World Gold Council Q2 gold trend report, it was reported that global central banks are on track to purchase 500 tons of gold this year. Russia's central bank disclosed today that it had increased its gold holdings to 30.1 million troy ounces as of August 1st from 29.5 million a month earlier. At current price, Russia's gold holdings total $48.7 billion or nearly 10% of Russia's $510 billion in reserves. 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.
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 and SilverTowne is currently offering free shipping for these ingots. 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 advise from a licensed financial expert before making a purchase.
