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
I must say that I really enjoy being able to reach out to all of you and update you on what’s going on in financial news and talk to you about Gold and Silver. This is a topic that I'm really passionate about and it's a topic that I think more and more people should take seriously. So thank you again or tuning in and for supporting this podcast. My hope is that this serves you well and helps you stay informed. Even though we are in a time when the financial news isn't necessarily good news, I look forward to getting behind this microphone in the mornings and sharing this information with you. So thank you. I would like to ask of favor of you listeners. If you really enjoy this podcast and you want to see it continue then I would really appreciate you taking a couple minutes out of your day and going to iTunes and leaving us a review and rate this podcast. When you do that it shows us that you are supporting us and it also helps the podcast itself rank higher in iTunes and gives us the ability to reach out to more people. If you don't use iTunes you can still easily subscribe on your smartphones if you have an Android or an iPhone and we are working on developing an app for each one of these devices to make getting this podcast even easier for you. You can also subscribe to our YouTube channel where the podcast is posted and leave us feedback there as well. SilverTowne is also on Facebook, at www.Facebook.com/silvertowne and that is a great place to reach out to me, ask me a question and give me some input on what you like, dislike or what you would like to see more of. If your not into using social media you can still always listen to the newest episode right from our website at Silvertowne.com. In the top right of our page you will find our vault cast and our vault blog. Now with out further delay, let's get right into our precious metal pricing.
[ August 30, 2012 ]
Gold - $1661.27 up $4.17
Silver - $30.91 up
$.08
Platinum - $1526 up $5.00
Palladium - $642.98 up $7.98
Financial News:
The Coin Analyst: Precious Metal Bull Run Likely to Continue
On August 22, the Federal Reserve released the minutes of its last meeting. The minutes revealed that a majority of members of the FOMC (Federal Open Market Committee) believe further monetary easing is warranted soon unless the economy improves substantially.
This suggests that the Fed is likely to launch some version of QE3 during its next meeting, which will take place on September 12-13. A minority of Fed members dissented with this view.
Prior to that development, most analysts thought it was much more likely that Fed easing would take place after the election. Read More...
Richard Russell: This is the beginning of a major move in Gold
“The wild cards --- the stock market takes an unexpected spill in September, and the employment and unemployment statistics worsen just around election time.”
Richard Russell continues: “But what's this? Headline in (the) Financial Times -- “Republicans to Push Gold Standard Back Into Center of Political Debate.” I think this is just a feeler, I doubt whether the US is ready to go back to the gold standard. That will happen out of desperation when there's no where else to go. Read More...
It Is Not Just Your Imagination -
American Families ARE Getting Poorer
Did you know that median household income in the United States is lower today than it was when the last recession supposedly ended? If we are in the middle of an "economic recovery", how can this possibly be happening? Stunning new statistics compiled by Sentier Research show that the U.S. economy is not nearly as healthy as we have been led to believe. According to the study that Sentier Research has just released, median household income in the United States was sitting at $55,470 back in January 2000. In December 2007, when the recession began, it was sitting at $54,916. In June 2009, when the recession supposedly ended, it was sitting at $53,508. Today, it is sitting at$50,964. This is a long-term trend that is definitely going in the wrong direction. The fact that median household income in the U.S. is now 4.8 percent lower than it was when the last recession ended is incredibly disturbing, especially since all of the things that we buy on a regular basis just keep going up in price. Food, gas, electricity, car insurance and health insurance all cost a whole lot more today than they did back in the year 2000, and yet median household income has dropped 8.1 percent since that time. So what does all of this mean? It means that American families ARE getting poorer. Read More...
Eric Sprott Cautions Investors to Fear
the Financial System
The dire economic situation that persists globally despite the best efforts of central planners to make things seem normal leads Sprott Inc.'s legendary Chairman Eric Sprott to broadcast a loud message of caution: "Fear the financial system." In this exclusive interview with The Gold Report, Sprott says it's time for people to take matters into their own hands and that means pushing further and further into precious metals equities as well as physical gold and silver. With 80% of his own portfolio in that arena, he certainly puts his money where his mouth is. Read More...
Why All Signs
Point To A Major Stock Market
Crash This Fall?
Is the stock market going to crash by the end of this year? Are we on the verge of major financial chaos on a global scale? Well, this is the time of the year when investors start getting nervous. We all remember what happened during the fall of 1929, the fall of 1987 and the fall of 2008. However, it is important to keep in mind that we do not see a stock market crash in the fall of every year. Some years the stock market cruises through the months of September, October, November and December without any problems whatsoever. But this year conditions certainly seem to be right for a “perfect storm” to develop. Technical indicators are screaming that a stock market decline is imminent and sources in the financial industry all over the world are warning that a massive crisis is on the way. Read More...
Now you may be asking, is there ever anything good to report when we discuss the financial markets and our financial future. Unfortunately the truth is we are facing a serious economic and debt problem. I personally believe it's time to start taking these signs very seriously. However I believe we can help protect ourselves by holding precious metals such as gold and silver. We never think twice about buying home owners insurance or car insurance. We by these forms of insurance not because we believe that something bad is always around each corner but because we want to be prepared for a worse case scenario. It makes perfect sense to me, to also protect and insure our wealth and our future. Yes precious metals are up in cost and may continue to go up. Silver right now is around the $30 price range. That is still very affordable. You may ask but what if silver goes back down? I say great! Then we can buy even more silver to help protect our financial future and hedge against inflation. If you don't currently own any physical gold and silver and you believe like so many that a financial collapse is on its way, then it really doesn't matter what the price is, it's still a good time to buy. Now again I am not a licensed financial adviser but I think most would agree that its always a good idea to not have all your eggs in one basket. I would like to encourage you to contact SilverTowne today and add some precious metals to your financial portfolio. SilverTowne also offers a wide selection of numismatic coins that include 90 percent silver in bags of 5, 10 and 20 face value, along with US proof sets and uncirculated mint sets. So if your a collector SilverTowne is also a great place to find those coins.
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 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.
