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 back to the SilverTowne Vault Cast and as you can tell by the title of todays episode we are going to be talking about the current state of our financial future but more importantly we are going to talk about how we can help protect ourselves by adding gold and silver to our financial portfolios. First I want to remind you to subscribe to the SilverTowne Vault Cast, you can do that on YouTube or from the iTunes store. If you are subscribed and you like this show then please leave us some feedback.
Now lets go ahead and get into todays precious metals pricing!
Gold - $1771.00 down $10.24
Silver - $33.53 down .60 cents
Platinum - 1680.00 down $23.00
Palladium - $643.00 down $9.98
Financial News:
Gold price surges to 9-month high on ECB moves
The price of gold is at a nine-month high after the head of the European Central Bank suggested that its bond-buying program could benefit Spain.
Gold for December delivery rose $16.70 Thursday to finish at $1,796.50 per ounce, the highest level since late February. Several analysts expect gold to continue to post gains.
Investors often buy gold as a hedge against inflation. The price has risen about 6.5 percent since the start of September, shortly before the ECB and the Federal Reserve unveiled new programs aimed at improving economic growth. Read More...
Gold Traders More Bullish as Holdings Reach Record
Twenty of 32 analysts surveyed by Bloomberg expect prices to rise next week, nine were bearish and three were neutral. Investors are holding the most metal ever through gold-backed exchange-traded products after buying 85.4 metric tons last month, the most since July 2011. Hedge funds’ bets on a rally are the biggest in seven months, U.S. Commodity Futures Trading Commission data show.
The European Central Bank held interest rates at a record low yesterday after agreeing on an unlimited bond-purchase program last month and the Federal Reserve announced a third round of quantitative easing. The Bank of Japan has said it will add to a fund that buys assets and China approved a $158 billion subways-to-roads construction plan. Gold rose 70 percent as the Fed bought $2.3 trillion of debt in two rounds of quantitative easing from December 2008 through June 2011. Read More...
Gold Nears $1,800, Silver Tops $35, US Silver Coins Surge 1.2M in Oct. Start
Gold, silver and other precious metals rallied Thursday, as did U.S. Mint American Eagle silver coins. Gold reached its highest price in 11 months, nearing $1,800 an ounce, while silver topped $35 an ounce for its highest price since early March.
Gold prices for December delivery rallied $16.70, or 0.9%, to close at$1,796.50 an ounce on the Comex in New York. The settlement was the highest since November 9. Gold reached an intraday high of $1,797.70, touching a low of $1,779.90.
Gains were bolstered, opined analysts, by reaffirmed stimulus expectations from the European Central Bank when ECB President Mario Draghi reiterated a commitment to its new government bond-buying plan. Read More...
Warnings That A Massive Stock Market Crash Is Imminent
In the financial world, the month of October is synonymous withstock market crashes. So will a massive stock market crash happen this year? You never know. The truth is that our financial system is even more vulnerable than it was back in 2008, and financial experts such as Doug Short, Peter Schiff, Robert Wiedemer and Harry Dent are all warning that the next crash is rapidly approaching. We are living in the greatest debt bubble in the history of the world and Wall Street has been transformed into a giant casino that is based on a massive web of debt, risk and leverage. When that web breaks we are going to see a stock market crash that is going to make 2008 look like a Sunday picnic. Yes, the Federal Reserve has tried to prevent any problems from erupting in the financial markets by initiating another round of quantitative easing, but 40 billion dollars a month will not be nearly enough to stop the massive collapse that is coming. This will be explained in detail toward the end of the article. Hopefully we will get through October (and the rest of this year) without seeing a stock market collapse, but without a doubt one is coming at some point. Those on the wrong end of the coming crash are going to be absolutely wiped out. 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.
[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.
