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
Now before I get into today’s topics, lets take a quick look at the precious metals pricing.
Gold - $1393.61 Down $4.09
Silver - $23.94 Down $0.12
Platinum - $1534.50 Down $6.00
Palladium - $752.50 UP $2.00
They Actually Expect Us To Have Faith In These Financial Markets After This Week?
What in the world is happening to our financial markets? Trading on the Nasdaq was halted on Thursday for more than 3 hours, and the only formal explanation that we got was that it was a "technical issue". On Tuesday, Goldman Sachs made thousands of "erroneous trades" that are now being canceled. If those trades had not been canceled, it could have cost Goldman "hundreds of millions of dollars" according to the Wall Street Journal. How nice for them that they get a "do over". When Knight Capital made a similar "trading error", they were not so fortunate. Our financial system has become completely and totally dependent on computers, and that means that it is extremely vulnerable. After what we have witnessed this week, how can they actually expect us to have faith in these financial markets? And what happens if these "technical issues" get even worse?
The stoppage on the Nasdaq on Thursday was unprecedented. Trading in literally thousands of stocks and options was halted. Big names like Apple, Netflix, Intel and Facebook were affected.
As of right now, officials are not telling us what caused the "technical issue", but there are rumblings that hacking was involved.
And the Nasdaq would hardly be the first exchange to be hacked. In fact, according to NBC News, about half of all the security exchanges around the world were hacked last year.
USA Today is suggesting that a group of Iranian hackers known as "Cyber Fighters of Izz ad-Din al-Qassam" may be responsible for what happened to the Nasdaq. Apparently they have been quite active since last September... Read More...
18 Signs That Global Financial Markets Are Entering A Horrifying Death Spiral
#1 The yield on 10 year U.S. Treasuries has risen for 5 of the past 6 days, and it briefly touched the 2.90% level on Monday.
#2 Rapidly rising interest rates are spooking investors and causing them to pull money out of bonds at a very rapid pace...
#3 The sell-off of U.S. Treasuries is being led by foreigners. In particular, China and Japan have been particularly aggressive in selling off bonds...
#4 Thanks to rapidly rising bond yields, some of the largest exchange-traded bond funds are getting absolutely hammered right now...
#5 In recent weeks we have witnessed the largest cluster of Hindenburg Omens that we have seen since prior to the last financial crisis.
#6 George Soros has bet a tremendous amount of money that the S&P 500 is going to be heading down.
#7 At this point, the S&P 500 has fallen for 9 out of the last 11trading days.
#8 Margin debt has spiked to extremely dangerous levels. This is a pattern that we also saw just before the last financial crash and just before the dotcom bubble burst
#9 The growth rate of new commercial bank loans and leases is nowthe slowest that it has been since the end of the last financial crisis.
#10 According to a shocking new report, Fannie Mae and Freddie Mac are masking "billions of dollars" in losses. Will they need to be bailed out again just like they were during the last financial crisis?
#11 Wal-Mart reported very disappointing sales numbers for the second quarter. Sales at stores open at least a year were down 0.3%. This is a continuation of a trend that has been building for years.
#12 U.S. consumer bankruptcies just experienced their largest quarterly increase in three years.
#13 The velocity of money in the United States has hit another stunning new low.
#14 The massive civil unrest in Egypt threatens to disrupt the steady flow of oil out of the Middle East... Read More...
Different Ways of Buying Gold
If you're looking for a rock solid and full proof dollar hedge (Making an investment to reduce the risk of adverse price movements in an asset) investment, then probably investment in gold is the best option for you. There are several reasons are responsible for its po[censored] rity. It protects capital from social and political disturbance, currency failure, global economic meltdown and others that can seriously affect your investment. However, if you're a new investor, then you must know the best possible ways to invest in gold. Here is a brief list of gold investments that can protect your capital –
Buy Physical Gold: it is the most popular investment choice for new investors.
Gold Exchange Traded Fund (ETF): it is one of the popular ways to invest money through stocks. Exchange traded funds are quite similar to mutual funds.
Gold Options and Futures: if you're an avid investor and sound knowledge in stocks, then it is the perfect choice for you. You can do it in your national market as well as international market.
Apart from them there are lots of other options are available. Such as – gold mining stocks, jewelry, digital gold currency, gold and many others. 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.
