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
Hello and welcome back to another episode of the SilverTowne Vault Cast. I would like to remind you that our show can be found in iTunes and we would really appreciate you leaving us some feedback and giving us a star rating. Doing this helps us rank higher and reach more people. I would like to thank those of you who have been commenting on our YouTube post of the Vault Cast, your feedback is much appreciated. I would also like to make you aware that our Thursday recoding will be recorded and posted on Friday this week instead of the normal Thursday slot and then I will be returning back to our normal schedule next week starting with Monday. Also want to remind you that our show notes and links to the news articles can be found on our Silvertowne.com website under the Vault Cast tab. Now that the announcements are out of the way lets get into todays precious metal prices.
Gold - $1730.17 down $6.33
Silver - $33.56 down .23
cents
Platinum - $1602 up $7.00
Palladium - $667 up $9.00
Financial News:
Silver Steals the spotlight from gold
Silver has been a top performer among major metals this year, and it looks set to continue to steal the spotlight from gold, with investment and industrial demand for the white metal expected to rise.
“We could see a spectacular performance in silver” during the rest of the year, said Julian Phillips, a South Africa-based editor at SilverForecaster.com. “Silver, in addition to its demand [and] supply disjoint, will attract huge investment demand.”
Already, silver futures prices SIZ2 trade above $32.60 an ounce, up about 18% for the quarter to date and up 17% from the end of 2011. Gold GCZ2, at more than $1,700 an ounce, has seen a quarter-to-date gain of 6% and less than 9% rise for the year.
“Investors see precious metals like silver and gold as hedges against the debasement of paper currencies,” said Elliott Orsillo, co-founder and portfolio manager at Season Investments LLC.
Much of the recent move in both silver and gold has been a reaction to rising expectations for more monetary easing on the part of the European Central Bank and the U.S. Federal Reserve, which tend to devalue currencies Read More...
Advanced by Gold - World Gold Council Sponsors Prestigious Event to Showcase New Developments in Gold Technology
The World Gold Council's most recent quarterly Gold Demand Trends report revealed that in the second quarter of 2012 over 112 tonnes of gold with a value of US $5.8bn were used for various technical applications. Demand is currently dominated by the electronics industry, which means that gold is often hidden away in many everyday objects and devices we take for granted, quietly and effectively helping to connect and develop communities across the world.
However, electronics are only part of the story. Huge swathes of technology are being advanced by gold in 2012, from the awe-inspiring NASA James Webb Space Telescope, whose enormous mirrors are coated with gold to help unravel the secrets of distant galaxies, to new cancer therapies currently undergoing clinical trials. Advancements of this sort stem from work currently under development in laboratories around the world. Read More...
Now the reason I bring this article up is because I just want to show that Gold has more uses then just money. Its used in electronics as well. Just another reason why Gold is never going away and never going to be out of demand.
The Coin Analyst: GOP Platform Calls for New Gold Standard Commission
Republicans, or at least many of their political leaders, just can’t seem to get enough of the gold standard.
Marsha Blackburn, a GOP representative from Tennessee, told the Financial Times recently that Republicans agree on the idea, and that the House recently passed a bill on it. She believes it “is something we think needs to get done.”
At last week’s GOP convention in Tampa, a provision calling for a new gold standard commission was part of the Republican platform, although it did so without actually using the word gold.
The idea of tying the dollar to gold appeals to conservatives who are concerned about the possibility of future hyperinflation, and those who don’t believe in fiat-based paper currency. Read More...
Payrolls in U.S. Rose 96,000 Jobless Rate Declined
Payrolls rose less than projected in August and the unemployment rate declined as more Americans left the labor force, indicating the U.S. labor market is stagnating.
The economy added 96,000 workers last month following a revised 141,000 rise in July that was smaller than initially estimated, Labor Department figures showed today in Washington. The median estimate of 92 economists surveyed by Bloomberg called for a gain of 130,000. Unemployment unexpectedly fell to 8.1 percent, and hourly earnings were unchanged.
Employers may be reluctant to expand headcounts as they face a global economic slowdown and the so-called fiscal cliff of automatic tax increases and government spending cuts. The damage inflicted by the lack of progress on jobs is the reason Federal Reserve Chairman Ben S. Bernanke last week said the central bank may need to do more. 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.
