The Silvertowne Vault Cast is brought to you by Silvertowne.com
It’s Thursday and welcome back to the SilverTowne Vault Cast. I am your host Shawn Ozbun.
Today I have an article that covers 10 facts about the collapsing economy, record bullion sales in Australia and collapse or no collapse I’m betting on silver.
Now for those of you who are interested, I am still researching the above ground ratio on gold versus silver. Right now I haven’t been able to find any current numbers. If you guys have found any great articles on this topic, then do me a favor and email that to me at vaultcast@silvertowne.com. I would like to try and cover that either on Monday or next Thursday.
Before I get into all of that, let’s have a look at today’s precious metals pricing.
Gold – $1375.28 Down $ 0.00
Silver – $22.34 Down $0.24
Platinum- $1470.00 Down $15.00
Palladium- $718.00 Down $4.50
10 Scenes From The Economic Collapse That Is Sweeping Across The Planet
When is the economic collapse going to happen? Just open up your eyes and take a look around the globe. The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of lives all over the planet.
#1 27 Percent Unemployment/60 Percent Youth Unemployment In Greece
#2 Detroit, Michigan Is Insolvent And Is Rapidly Running Out Of Cash
#3 Economic Despair In France
#4 7,000 Abandoned Buildings In Dayton, Ohio
#5 Overwhelmed By Squatters In Spain
In Spain, unemployment is rampant and people have become incredibly desperate. In fact, in some Spanish cities you can now find entire apartment buildings that are being overwhelmed by squatters...
#6 The Collapse Of Chinese Power Consumption
Energy consumption tends to closely mirror economic activity. That is why the recent collapse of Chinese power consumption is so alarming.
#7 Horrible Economic Data Coming Out Of The Second Largest Economy On The Planet ( china )
#8 One Out Of Every Five U.S. Households On Food Stamps
#9 Child Hunger In America
Those that work for the big banks on Wall Street may have no problems feeding their children, but overall there is a rapidly growing child hunger crisis in America today
*For the first time ever, more than a million public school students in the United States are homeless. That number has risen by 57 percent since the 2006-2007 school year.
*In Miami, 45 percent of all children are living in poverty.
*In Cleveland, more than 50 percent of all children are living in poverty.
*According to a recently released report, 60 percent of all children in the city of Detroit are living in poverty.
#10 The Tremendous Suffering Of Hundreds Of Millions Of Desperately Poor People That We Never Hear About
There are billions of people around the globe that are deeply suffering but that do not have a voice. We usually never hear about the desperate poverty that these people are living in, but that doesn't mean that they don't exist. The following statistics that Stephen Lendman recently compiled should shock and alarm you...
At least 80% live on less than $10 a day. Over three billion people live on less than $2.50 a day. More than 80% live in countries where income disparity is increasing.
The poorest 40% of world population has 5% of global income. The bottom fifth has $1.5%. The top 20% has 75%.
According to UNICEF, 22,000 impoverished children die daily. They "die quietly in some of the poorest villages on earth, far removed from the scrutiny and the conscience of the world. Being meek and weak in life makes these dying multitudes even more invisible in death."
An estimated 28% of children in developing countries are underweight, malnourished and/or stunted. Read More...
Record High Gold Bullion Sales at the Perth Mint
The Perth Mint of Australia achieved record breaking sales for gold bullion products in April, as lower precious metals prices spurred a huge leap in demand. Silver bullion sales also jumped to the highest level in six months.
The Perth Mint began publicly reporting its monthly gold and silver bullion sales in March 2012, providing a window of insight into demand for physical precious metals. Sales spikes have occurred in September 2012 to coincide with the release of the new designs and last month to coincide with the decline in metals prices.
For the month of April 2013, sales of gold as coins and minted products reached 111,505.06 troy ounces. This amount was more than double the previous month and up by an astounding 534.43% from the year ago period when 17,575.64 troy ounces were sold. Read More...
Preppers Survey Shows 'Economic Collapse' is the Most Likely Big Disaster
‘Preppers’ is a term given to the growing numbers of people who are preparing for disasters and disruptions of all sorts. The prepper movement includes a wide range of people from those who are ready to handle a few days disruption to those who are getting ready for TEOTWAWKI (the end of the world as we know it).
The possible collapse scenarios range from pandemics, major terrorism events, tsunamis, nuclear meltdowns, meteorites striking Earth, military coups, and famines.
Of all the big scenarios for collapse, what do preppers consider most likely to occur?
A recent survey with 1,840 prepper respondents showed an overwhelming 76% believe the most likely, big disaster is economic collapse. 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.
