I made that change because it appears most of you are either watching it from YouTube or from our website, however the SilverTowne Vault Cast will still be in iTunes every week and I would really appreciate it if you would subscribe in either YouTube or iTunes and leave us some feedback.
I would really like to know if you like the changes that were made on the video and I would love any input that you have on how we can make the SilverTowne Vault Cast even better. So please leave your comments, I really want to hear them.
Now lets go ahead and get into todays precious metals pricing!
Gold - $1771.92 up $9.78
Silver - $34.24 up .29 cents
Platinum - 1682 up $13.50
Palladium - $647 up $3.53
Financial News:
Gold investment could double on economic woes – Coutts
Investors should double the amount of gold they hold as the value of paper currency diminishes along with the prospects for global economic growth, said a senior executive at Coutts, the private banking arm of Britain's Royal Bank of Scotland.
Ideally, investors should aim to have 7 to 8 percent of their assets in gold, above the wealth management industry's average of 3 percent, Gary Dugan, Coutts' chief investment officer for Asia and Middle East, told Reuters.
"What's happening in precious metals is that they are becoming more mainstream," Dugan said, adding that ten years ago investors rarely held any gold in their portfolios.
"Some of the clients ask where gold prices are going, and I say don't even think about prices. It's a store of value." Read More...
The Largest Economy In The World Is Imploding Right In Front Of Our Eyes
A devastating economic depression is rapidly spreading across the largest economy in the world. Unemployment is skyrocketing, money is being pulled out of the banks at an astounding rate, bad debts are everywhere and economic activity is slowing down month after month. So who am I talking about? Not the United States - the economy that I am talking about has a GDP that is more than two trillion dollars larger. It is not China either - the economy that I am talking about is more than twice the size of China. You have probably guessed it by now - the largest economy in the world is the EU economy. Things in Europe continue to get even worse. Greece and Spain are already experiencing full-blown economic depressions that continue to deepen, and Italy and France are headed down the exact same path that Greece and Spain have gone. Headlines about violent protests and economic despair dominate European newspapers day after day after day. European leaders hold summit meeting after summit meeting, but all of the "solutions" that get announced never seem to fix anything. In fact, the largest economy on the planet continues to implode right in front of our eyes, and the economic shockwave from this implosion is going to be felt to the four corners of the earth. Read More...
Financial Crash, Economic Crash, We Have Been Warned!
Bernanke gave his “helicopter” speech in which he made reference to a “helicopter drop of money.” But the critical point in his speech was:
“U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in term of goods and services, which is equivalent to raising the prices in dollars of those goods and services.”
Currently the “helicopter drops” are primarily fed into the reserves of the banks and to cover the increasing deficits between government expenses and revenues. There is no end to how many dollars the Federal Reserve can create. At the time of Bernanke’s speech, an ounce of gold was worth approximately $320. As of September 2012, that same ounce of gold is worth over $1,700. The gold has not changed, but the value of the dollar has declined. As more dollars are created or “dropped from helicopters,” all existing dollars become less valuable. We have been warned. Read More...
The reason I wanted to read this article is because this post makes a great point that I think a lot of people miss. Gold and Silver have not went up in value. They are the same value as always. What’s happened is the value of your dollar has went down. Right now it takes over 1700 of your US dollars to buy an ounce of gold. When you see gas prices going up it rarely has anything to do with the gas although at times it does but the biggest reason for higher gas prices is simply that it takes a lot more of your dollars to buy it then it use to because your dollar is worth less then it use to be. It’s really that simple. Now sure other factures can effect the value of those things, supply is an example. It’s not just gas and metals though. If you have went grocery shopping recently then you’ll notice it cost a lot more to buy food. Is it because suddenly there is a shortage in bread? No it’s the value of your currency. You don’t have to be a brilliant economist to notice these things.
I also want to be clear about something. The point of this podcast is not to strike you with fear or to scare you into buying something from SilverTowne, Although the things that are happening around us are in fact very scary. The point of this podcast is to share the news with you. I’m not making any of this stuff up. You can do the research and find this information for yourself if you like. There are plenty of people out there speaking about it, I’m just gathering up the information for you and reading it to you twice a week to help keep you informed.
Even if I wasn’t associated with SilverTowne in any way I would still be shouting this stuff from the roof tops, because I think it’s very important. So I just wanted to be clear that I’m not trying to scare you but there is no denying that we have a serious problem on our hands. We have the biggest debt bubble in the history of the world, we have record high unemployment and our dollars are not buying what they use too.
I’ve read reports that say our dollar is worth about 80% less then it was thirty years ago. Again I just want to inform you so that you can make a decision for yourself. Owning precious metals is a way to help protect yourself against the coming inflation or a financial collapse. There is no guarantee obviously that everything will be wonderful just because you own gold or silver but at least you will own something of value that you can hold in your hands that has proven to have purchasing power for thousands of years and has never failed to have value, unlike paper currency which has proven to always fail.
Thanks for listening to the Silvertowne vault cast. You can find our show on YouTube and I would love it if you would subscribe and as always our show can also be found 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.
