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 another episode of the Silvertowne vault cast. Today we are going to be talking about the lack of gold supply and asking the question, will that boost the bullion price, it also looks like the coin sales are on the rise for the month of July and as always, I cant help but talk about some economic collapse news, and how important it is to own precious metals and we go into the future.
Before we get into all of that, let’s look at today’s precious metals pricing.
Gold - $1283.48 Up $20.00
Silver - $19.86 Up $0.37
Platinum - $1401.00 Up $27.50
Palladium - $725.00 Up $9.50
Gold, Silver Rally in July Start; All US Mint Bullion Coins Rise
Precious metals started July and the second half of 2013 with broad gains after tumbling in the second quarter.
And in a rare daily event, U.S. Mint sales increases were logged Monday for each of the bureau’s bullion coins.
US Bullion Coin Sales in July
When counted by type and size, nine different bullion coins are available today from the United States Mint. It is extremely rare when all U.S. Mint bullion products move in a single day, but that is exactly what happened on Monday. In total ounces sold by the Mint on Monday:
• Gold coins increased by 20,000, which is just 2,000 ounces shy of matching last week’s solid total.
• Silver coins climbed by 857,500 ounces, which is only 39,000 ounces away from last week’s tally. Read More...
Pullback in gold supply ‘could boost bullion price’
THE price of gold continued to rise for a third consecutive day on Tuesday after recent sell-offs as bullion lost it safe-haven allure‚ placing gold miners at an ever-increasing risk of running at a loss or shutting down.
At 3.22pm on Tuesday the spot gold price was $1‚254.11 an ounce‚ up 0.13% from Monday’s levels‚ but off its intraday best level of $1‚267.60/oz.
It touched a three-year low of $1‚180.71/oz last week.
The price of bullion has fallen 25% in 2013‚ the worst drop in more than 30 years.
"Unfortunately Africa battles among the highest costs in the world in terms of gold mining production‚" Mr Murison said.
"When we consider that locally‚ input costs such as electricity and labour are adding inflationary pressures while gold declines in value‚ it would make sense for local producers to reduce capex spend on things such as exploration‚ shut down more expensive shafts‚ lower production and make redundancies‚" he said.
Globally, though‚ the price of gold at present negatively affects margins for all miners.
"Perhaps a pullback in supply could catalyse a significant increase in the spot price of the precious metal‚ especially if the recovery in the largest economy in the world starts to show signs of faltering‚" he said. Read More...
15 Signs That The Quality Of Jobs In America Is Going Downhill Really Fast
Trying to find a job in America today can be an incredibly frustrating experience. Most of the jobs that are available seem to pay very little, and there is intense competition for just about any job that is open. But it wasn't always like this. When I was in high school, I was immediately hired when I applied for a job at McDonalds because they were so desperate for workers that they would hire just about anyone that could flip a burger. But in this economic environment, a single nationwide hiring event conducted by McDonalds resulted in a million job applications, and only a small percentage of those applicants were actually hired. Our economy simply does not produce enough jobs for everyone anymore, and the percentage of "good jobs" continues to decline. That means that it is getting really hard to find a job that will enable you to support a family, and a lot of people end up doing jobs that they are massively overqualified for. But when times are tough, people are going to do what they have to do in order to survive.
#1 The number of part-time workers in the United States has just hit a brand new all-time high, but the number of full-time workers is still nearly 6 million below the old record that was set back in 2007.
#2 In America today, only 47 percent of adults have a full-time job.
#3 Even though the U.S. economy created nearly 200,000 jobs in June, the number of full-time jobs actually decreased.
#4 There are now 2.7 million temp workers in the United States - a new all-time high.
#5 One out of every ten jobs in the United States is now filled through a temp agency.
#6 The U.S. economy has actually lost manufacturing jobs for four consecutive months.
#7 The official unemployment rate has been at 7.5 percent or higher for54 months in a row. That is the longest stretch in U.S. history.
#8 According to one recent survey, 76 percent of all Americans are living paycheck to paycheck.
Will
Read More...
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[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.
