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 to the Labor Day edition of the SilverTowne Vault Cast. To be honest I had no intention of recording an episode today on Labor Day, but I realized after recording last Thursday’s episode that I told you I would be back with you Monday for the next episode and I wanted to make sure that I kept my word to you listeners, and as always I’m happy to be hear behind this microphone sharing the financial news and precious metal prices. So let’s go right ahead and get right into it!
[Septemeber, 3rd 2012]
Gold - $1690.70 down $1.80
Silver - $31.88 down .05 cents
Platinum - $1552.00 up $7.00
Palladium - $641 up $8.00
Financial News:
America’s Descent into Poverty
Economically, America has descended into poverty. As Peter Edelman says, “Low-wage work is pandemic.” Today in “freedom and democracy” America, “the world’s only superpower,” one fourth of the work force is employed in jobs that pay less than $22,000, the poverty line for a family of four. Some of these lowly-paid persons are young college graduates, burdened by education loans, who share housing with three or four others in the same desperate situation. Other of these persons are single parents only one medical problem or lost job away from homelessness.
Others might be Ph.D.s teaching at universities as adjunct professors for $10,000 per year or less. Education is still touted as the way out of poverty, but increasingly is a path into poverty or into enlistments into the military services.
Edelman, who studies these issues, reports that 20.5 million Americans
have incomes less than $9,500 per year, which is half of the poverty
definition for a family of three. Read
More...
Gold Price Projection – for 2013
An objective and reasonable estimate for the price of gold at the next intermediate peak (estimating 2013 – Quarter 2) is $2250 to $2550 per ounce (current price is about $1,650). This is not a prediction based on wishful thinking and hope, but a best estimate based on rational analysis of data back to 1975. The actual price for gold at its next peak could be higher or lower, and the peak might be earlier or later, but this price range and approximate time is, by this analysis, the most probable.
The actual analysis is complex, so I encourage you to focus on the conclusion above. But if technical analysis is interesting to you, please continue reading.
Until the last century, silver and gold had been money for thousands of years. During the long history of gold and silver, the price ratio of gold to silver has averaged, depending on analysis, around 15 to 20. Since 1975, it has been as low as 17 and as high as about 102. The ratio is low when silver is expensive compared to gold – which occurs at peaks in the price of gold and silver, such as in early 1980. Silver is a smaller market and much more volatile in price than gold, so the ratio can stretch one way or the other depending on the degree of speculative fervor in the market or the degree of price depression and disinterest in precious metals, such as in 1991. Extremes in the ratio usually occur at highs and lows in the prices of both metals. Read More...
Gold And Silver Breakout Against Tepid
Global Conditions
Gold and silver have resumed their upward trend after a tumultuous year for the metals. After reaching all time highs in 2011, this year has not been kind to investors in the field. However, confidence the ability of European Technocrats to solve Europe's debt problems have since faded into a fear of continued stagnation and spiraling debt burden. Monetary easing policies have done nothing to ease the fiscal problems in Europe. Data from China is also suggesting a slowdown, and the U.S.maintains high unemployment and little to no business growth. The background for the global economy is gloomy, and in this backdrop, precious metals historically shine. Gold and silver are breaking from their bearish slumbers, and signs point to a strong fall season for both. Read More...
Silver Over Gold, Regardless of Fed Moves
Investment guru Jim Rogers has become a cheerleader for silver, arguing that the white metal is now a better investment than gold, given its performance over the past five years. He added that if he were to invest in one metal today, it would be silver. Indeed, silver is the only metal that has yet to reach a record high in recent history; it remains lower than the peak price of $50 per ounce that it hit 32 years ago. Gold has historically been valued anywhere between 12 and 16 times more than silver, but it is currently worth about 50 times more than the white metal, making silver an even better bargain. Rogers also pointed out that silver is more volatile than other metals, which gives investors more opportunities to profit. 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.
