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 the SilverTowne Vault Cast. Today we are going to be talking a lot about Silver. Actually nearly every article I’m covering today is about Silver. What I love about Silver is that it’s not only a great performer but it’s still easy to get our hands on, unlike Gold witch is much harder to get seeing’s how its over $1700 an ounce.
We had someone leave us an awesome review on iTunes. I want to read that real quick.
Comment by Wilson JA
I have been listening since just a
few days after this podcast started and haven’t been able to get enough
since then. All of the information here has taught me a lot about
precious metals and any national and international news related to it.
It’s really nice to be able to get all of this news without having to
scour the inter-web myself when I have so little time. If you don’t
know much about these metals, you need to listen to this information,
because we are living in what will be historical times that deserve to
paid closer attention to.
After talking with some friends that
once lived in Winchester, who were also in the know and paying
attention to precious metals, I found out about Silvertowne. They are
very renowned and respected company in the community and on the
internet. My gosh, they have been around since 1959!! I’m all about
supporting from a local level and when I found out that they were only
20 miles away from where I live, I knew I had to check this place out.
There website is cleaner and easier to use then most online precious
metals dealers, you have to check out everything this place is doing,
because they really have it right!!
Thanks again for your support and leaving us such a great review. I would like to encourage more of you to go on and leave some feedback in the iTunes store. This really helps us and helps the show move up and gives us the ability to reach more people and we really want to know what you think. Again thanks so much for your support. Lets get to the precious metals pricing.
Gold - $1765.10 up $10.80
Silver – $34.32 up $.23
Platinum – $1660 up $19.00
Palladium - $642.00 up 9.00
Financial News:
Citi raises gold price forecasts for 2012-13
(Reuters) - Citigroup raised its gold price forecasts for 2012 and 2013, saying ongoing global economic issues are causing gold to remain a favored asset for investors.
"With continued concerns over the economic health in the developed world, safe-haven demand has seen renewed investor interest in gold-linked securities," analysts at the bank said in a note dated Sept. 24.
Citi raised its year-end price forecasts for most precious and base metals.
The bank increased its 2012 price forecasts for gold, silver and platinum by about 2 percent, 5 percent and 1.5 percent, respectively, while it cut its earlier forecast for palladium prices by about 1.7 percent. Read More...
Silver to outperform gold in fourth quarter and 2013: Morgan Stanley
Silver has many (mostly disparaging) nicknames, including the most famous of all – gold’s poor cousin.
Yet it is well on its way to outrun gold in the fourth quarter, and analysts at Morgan Stanley say it’s likely to continue to outperform its more expensive counterpart.
The “risk-on” rally in the first quarter underpinned silver, but the metal lost out to gold in the second and third quarters of the year as “uncertainty in global macroeconomic policy steered investors toward gold,” the Morgan Stanley analysts said in a report Tuesday. “For the next several quarters, however, we think silver will again outperform gold,” they added. Read More...
Is Silver About to Shine?
With all the fuss about central bankers and their printing presses it seems most of the focus in recent months has been on the gold price and how the decision to invest in gold bullion can protect you from the debasement of fiat money.
However, the price of silver has been enjoying its own little rise to the top.
What’s Silver Up To?
In the last four years, silver has climbed 211%, 20% in this year alone. Gold, in comparison has climbed just over 108%. The highest point silver has reached was $49.77, on April 24, 2011. Prior to this, to see the precious metal hit the $20/oz. level was something which many felt was unjustified, prompting calls of a bubble. This month spot silver is currently averaging $33.37/oz. Read More...
Silver in ETPs Set for Record as Central Banks Ignite Demand
Silver assets in exchange-traded products are poised to expand to a record, joining the biggest- ever hoards of gold and platinum, as increased stimulus from the world’s central banks spurs investors to amass precious metals.
The amount held in ETPs was 18,525.76 metric tons yesterday, 0.6 percent below the peak of 18,639.07 tons in April 2011, according to data compiled by Bloomberg. Silver, which also benefits from bets on economic recovery, has risen 22 percent this year, outperforming gold, platinum and palladium futures.
Silver “runs very hard and fast and it usually goes too far in whatever direction it’s going,” said Nick Trevethan, senior commodities strategist at Australia & New Zealand Banking Group Ltd., who predicts record ETP holdings. “Silver will track gold, but for people to get really excited about silver, we’ll need to see strong industrial demand as well.” Read More...
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.
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.
