Welcome to the Silvertowne Vault Cast, helping you protect yourself against inflation and preserve wealth with physical Gold and Silver
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 - $1406.22 down $11.83
Silver - $23.85 down $0.51
Platinum - $1520.50 down $17.00
Palladium - $738.00 down $7.50
Should I Buy Precious metals Or Just Retain My Money?
I’m sure by now you’ve most likely heard all of the hype concerning gold assets. A lot of big and small buyers and this includes world governments are already buying up a great deal of precious metals like there is no future. When you keep in mind the most recent condition of our general economy and where it seems to be going, It is really not surprising in any way that many people are seeking a safe back up plan.
There’s been a great deal of fascination these days when it comes to gold investments, which I’m confident you are somewhat aware of by now. Right now a number of traders and governing bodies appear to be getting on board the precious metals bandwagon, with the number of people getting aboard escalating day after day. It’s predominantly on account of the current shape our country’s economy is in, in conjunction with the trend which the dollar and various other foreign currencies are headed.
For many years the U.S. dollar has been considered as one of the few significant currencies of the world. Yet in spite of this, when you think about the rate at which inflation is going up, not to mention all of the debt the U.S. has piled up, it is merely a question of time before countries throughout the world undertake their personal plans to shift away from the U.S dollar. It’s really an apparent reality of life and most people are still uninformed regarding all this; although some are now beginning to rise and do something.
Although the market price of precious metals has encountered a considerable decline as of late, the simple fact is now is the perfect moment in time to buy gold and silver. Gold these days may very well be the lowest it has been in a long time. This is mainly because numerous traders are in freak out mode, and are usually selling off their gold rather cheap.
This really is great news for many people shopping for precious gold considering that they could easily get it for a relatively affordable cost. You should keep in mind that gold has stood the worst of economic times for generations. As time passes us by, currencies will go on to collapse as they have shown time and time again.
As the dollar bill continues to get wiped out by the effects of inflation, the worth of gold will grow yet again. Those who foolishly sold off all their precious metals assets will soon come to realize they made an awful mistake.
The best solution is generally to withstand the rough times and simply ride the storm. Don’t simply make off the wall illogical decisions that could possibly wind up costing you huge over the long haul. Below are some of the additional important elements to take into account when buying a precious metal like gold.
A valuable metal like gold can help you build and maintain your buying power by providing you a leg up on inflation.
Once international currencies inevitably fail terribly, gold can really help keep you in the loop as a vital player. Nations which include China and Russia are in fact obtaining substantial volumes of gold as well as other precious metals getting ready for the future .
Shielding from the over accumulation of unpaid bills the United States has acquired year after year. Our children and grandchildren could possibly be trapped paying the large debt. Once again, you’ve got a significantly better chance of having a financial future when you’ve got anything that is genuinely worth something.
Gold is being sold at considerably low price levels, which means that it is essential to buy right away before the cost climbs up again.
The reasons why acquiring gold is a good idea are several. Don’t think like most people and think that simply because gold has gone down in worth that it’ll be worth nothing down the road. This is simply not true and everyone will realize this in due course. Read More...
Gold and Silver Are Taking Off
The sentiment is changing! Backwoods Jack called me this morning and he said, “I’m hearing from non-goldbug sources that gold and silver are moving up.” This is BIG news! Mainstream is moving from a bearish position to a bullish position. The hedge funds are sure to follow. The way up will be a whole lot more fun than the last two years were on the way down.
It shouldn’t come as a surprise. Nothing fundamentally changed! Nothing that would have caused the precipitous drop in gold and silver. The carnage in gold and silver was a “kill the messenger” motivated attack and was pure manipulation.
Now the pendulum is swinging back in the opposite direction. Mother Nature always wins, in the end, and logic and physical policy (irresponsible) determine what the “end” is all about. (Hint – Falling dollar, recession, inflation and a renewal of the bull market in precious metals).
Many of the writers in our industry have finally jumped off of the fence and they are, one by one, starting to report that the bottom is in and that the bull market is still alive and well. 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.
