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.
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It’s Monday and you are listening to the SilverTowne Vault Cast. Why are the banksters telling us to sell our gold while they hoard the gold like crazy? Polls show that Americans number one concern is the economy. It’s official, Arizona has approved their bill to use gold and silver as money.
Before I get into all this information let’s look at our precious metals pricing.
Gold - $1408.52 down $69.42
Silver - $23.79 down $2.04
Platinum - $1438.00 down $40.00
Palladium - $681.00 down $21.99
Why Are The Banksters Telling Us To Sell Our Gold When They Are Hoarding Gold Like Crazy?
The big banks are breathlessly proclaiming that now is the time to sell your gold. They are warning that we have now entered a "bear market" for gold and that the price of gold will continue to decline for the rest of the year. So should we believe them? Well, their warnings might be more credible if the central banks of the world were not hoarding gold like crazy. During 2012, central bank gold buying was at the highest level that we have seen in almost 50 years.
Meanwhile, insider buying of gold stocks has now reached multi-year highs and the U.S. Mint cannot even keep up with the insatiable demand for silver eagle coins. So what in the world is actually going on here? Right now, the central banks of the world are indulging in a money printing binge that reminds many of what happened during the early days of the Weimar Republic. When you flood the financial system with paper money, that is eventually going to cause the prices for hard assets to go up dramatically. Could it be possible that the banksters are trying to drive down the price of both gold and silver so that they can gobble it up cheaply? Do they want to be the ones sitting on all of the "real money" once the paper money bubble that we are living in finally bursts?
Anyone that thinks that gold and silver are bad investments for the long-term when the central banks of the world are being so reckless should have their heads examined.
However, I do believe that gold and silver will experience wild fluctuations in price over the next several years. When the next stock market crash happens, gold and silver will go down. It happened back in 2008 and it will happen again.
But in response to the next major financial crisis, I believe that the central banks of the globe will become more reckless than anyone ever dreamed possible. At that point I believe that we will see gold and silver soar to unprecedented heights. Read More...
Poll: Economic Fears Eclipse Other Problems
Ask Americans at the end of the 1990s about their worry list, and child-rearing ranked at the top. Today, more than a decade later, with the scars of a recession still fresh, economic woes have shot up and surpassed anxiety about parental involvement in children’s lives.
In the new poll, more than two-thirds of Americans (68%) cited pressure to make ends meet as a “very serious” problem facing families. That was up from 50% the last time the question was posed in 1999 and made it the single biggest concern of any considered by poll participants. It was the only such problem that people perceived to have worsened over time. The scars of a recession still fresh, everything else diminished in significance. Divorce and violence on TV dropped in importance, to the point where fewer than half of respondents listed either as a very serious problem. Read More...
Arizona lawmakers approve gold and silver as legal tender
And now for some heavy metal news: the Arizona state legislature has officially approved a measure to make gold and silver legal tender.
As RT reported earlier, an effort in the State House and Senate to have precious metals once again considered legitimate currency has garnered an immense amount of support in recent months, particularly in the wake of ongoing round of quantitative easing conducted by the US Federal Reserve, the country’s central bank. On Monday, the Arizona House of Representatives signed-off on a Senate bill that now only requires the governor’s signature to become official [PDF].
Once Gov. Jan Brewer authorizes the bill, retailers in Arizona that are willing to accept gold and silver in lieu of paper money are allowed to let customers purchase goods with precious bullion.
"This gives them the ability to use it as tender and have the same recognition as the paper dollar coming out of the Federal Reserve," Republican State Sen. Chester Crandell tells the Associated Press. Read More...
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.
