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 to the Monday show; The SilverTowne Vault Cast. You know even though the information that I cover on this show is somewhat depressing, scary and hard to believe at times. I still love getting behind this microphone and speaking to all of you guys who support this show.
When I say support, I’m referring to those of you who listen, leave comments and encourage me to continue. I want to thank those of you who take the time to let me know that you appreciate the show. While I’m on this topic I would like to ask you to take a few minutes, go into the iTunes store and leave The SilverTowne Vault Cast a review. When you do that it helps move the show up in the ranks and it allows me to reach more people with this message.
My message is that we are in big trouble. The economy cannot and will remain stable. History says that when you make the decisions that we have made that a financial collapse will soon follow. The only way to preserve your wealth is to own real money and that real money is gold and silver and other precious metals. That’s my message, every single week. That’s the message I want more people to be aware of. So thank you again for listening, for commenting, and for sharing the show with your friends and family.
I’ve got 4 articles to share with you today along with my own opinions but before we get into those lets take a look at today’s precious metals pricing.
Gold – $1473.70 Up $3.23
Silver – $24.10 Up $0.00
Platinum- $1492.00 Down $3.00
Palladium- $686.00 Down $3.00
Gresham's Law Proves Gold And Silver Are Remarkably Undervalued
Gresham's law is an economic principle that states, "when a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation." It is commonly stated as: "Bad money drives out good" - Gresham's Law.
Doesn't that sound like the situation in the United States and globally? Paper money is being printed by the trillions and the recent price takedown of gold/silver unleashed an unexpected frenzied scramble for physical gold and silver that the buyers will tuck away, out of the sight and from the grips of any government.
In the context of the current precious metals price correction, Gresham's Law in action tells us that gold/silver are significantly undervalued in relation to the dollar and other fiat currencies and that's why there are countless reports of global physical gold and silver shortages developing. Read More...
Hong Kong gold bullion buyers exhaust supplies in shops
Hong Kong retailers have reported they were swamped over the three-day May Day holiday by tens of thousands of buyers from mainland China in search of cheaper prices of gold.
Anecdotally, there were reports of long queues outside jeweler and gold bullion shops each day in Causeway Bay.
Gold prices in Hong Kong are lower than in the mainland.
Many shoppers were looking to buy bullion but supplies had already dried up.
Mainland gold shoppers believe the recent price slump had opened a perfect window to stock up on the precious metal.
Shoppers have been emptying gold stores in mainland China before coming to Hong Kong.
Beijing Caishikou Department Store, the biggest gold retailer in Beijing, has been seeing daily sales worth up to 100 million yuan since late April, several times their usual sales.
The China Gold Association reported that gold sales had tripled on many days. Read More...
22 Facts That Prove That The Bottom 90 Percent Of America Is Systematically Getting Poorer
The mainstream media is not telling you this, but the truth is that most Americans are steadily getting poorer. The middle class is being absolutely eviscerated, and poverty is soaring to unprecedented heights. The fact that 90 percent of the population is constantly sliding downhill is not good for our society. The United States is supposed to be a land of opportunity with a vibrant free market system that enables average people to make better lives for themselves. Unfortunately, free enterprise is being strangled to death in the United States today. Entrepreneurs and small business are being pounded into oblivion by rules, regulations, red tape and oppressive levels of taxation. At the same time, millions of jobs have been shipped out of the United States by corporate giants and sent to countries where it is legal to pay slave labor wages.
#1 According to the Pew Research Center, the top 7 percent of all U.S. households own 63 percent of all the wealth in the country.
#2 Between 2009 and 2011, the wealth of the bottom 93 percent of all Americans declined by 4 percent, while the wealth of the top 7 percent of all Americans increased by 28 percent.
#3 On average, households in the top 7 percent have 24 times as much wealth as households in the bottom 93 percent.
#4 In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
#5 According to the Economic Policy Institute, the wealthiest one percent of all American households have 288 times the amount of wealth that the average middle class American family does on average. Read More...
How the economic collapse is creating more unemployment for college grads
If the unemployment problem wasn’t bad enough in America, now even college graduates are facing a tougher time finding jobs in the increasingly weak economy.
This is what happens during an economic collapse – the division of labor breaks down and inevitably people are thrown out of work until there is a correction and re-balancing in the economy, which the government is now preventing from happening with its unprecedented monetary stimulus, courtesy of Ben Bernanke and the Federal Reserve.
The Fed’s highly inflationary low interest rate policies are also responsible for the depletion of savings and capital in the economy, which lead to a less productive economy and less income for workers. And of course less available well-paying jobs.
There is also the problem of a declining quality in higher education (and graduates of that education).
A survey of 500 hiring managers by recruitment firm Adecco, found that a majority—66 percent— believe new college graduates are not prepared for the workforce after leaving college. Fifty-eight percent said they were not planning to hire entry level graduates this year, and among those managers hiring, 69 percent said they plan to bring on only one or two candidates.
“Too many students are graduating with a weak background in science and math,” said Mauri Ditzler, president of Monmouth College.
“We need to make sure our graduates know the basics and many don’t.”
In other words, too many kids are going to college to get worthless degrees in liberal arts which have no real value in the economy. 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.
