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
Before I get into all that, lets have a look at this mornings precious metals pricing.
Gold - $1336.04 Down $0.72
Silver - $21.71 Down $0.08
Platinum - $1416.00 Down $4.50
Palladium - $727.50 Down $2.50
Marc Faber: ‘Gold And Silver, In My View, Are Relatively Inexpensive’
CNBC managed to interview Swiss-born investment advisor and fund manager Marc Faber on Wednesday at the SkyBridge Alternatives (SALT) Conference in Singapore. “Doctor Doom” addressed a number of topics, including where he thought equities and precious metals prices were going. Faber told viewers:
Well, I think in the long run, we have a huge bull market in gold. 1999 to 2011 we peaked out at 1,921. We went down to 1,180.
We’re now slightly above 1,300. I think gold, and especially gold equities, is relatively- again, relatively-inexpensive. You understand, with zero interest rates, you misprice all the assets. It’s very difficult to make a judgment what is a cheap asset in absolute terms. Nothing is inexpensive in the asset markets anymore. But gold and silver, in my view, are relatively inexpensive. The S&P is relatively high. Read More....
Illinois Tops List Of ‘10 Most Threatened State Pension Plans’
Congratulations Illinois. We’ve taken the top spot in the “10 Most Threatened State Pension Plans” according to the financial news information website MarketWatch.com. Robert Powell wrote Monday:
1. Illinois
Illinois is the most poorly funded state in the U.S. It has assets of $91.5 billion, liabilities of $378.5 billion, and an unfunded liability of $287 billion.
Also, Illinois’ unfunded liability on per-person basis was the third largest in the nation. It was $22,294. And, if all that wasn’t bad enough, Illinois’ unfunded liability as a percent of its gross state product was the fifth worst in the country at 41%.
“An unfunded liability of $287 billion.”
And some Illinois residents think their “kissing cousin” Democrats in Washington, D.C., will bail the “Land of Lincoln” out of this huge financial mess.
Not if the other 49 states have something to say about it. Read More...
2.Connecticut
3. Kentucky
4. Kansas
5. Alaska
6. Mississippi
7. New Hampshire
8. Hawaii
9. Louisiana
10. North Dakota
Read More...
Can the government use civil forfeiture to take your money when you have done nothing wrong—and then pocket the proceeds? The IRS thinks so.
For over 30 years, Terry Dehko has successfully run a grocery store in Fraser, Mich., with his daughter Sandy. In January 2013, without warning, the federal government used civil forfeiture to seize all of the money from the Dehkos’ store bank account (more than $35,000) even though they’ve done absolutely nothing wrong. Their American Dream is now a nightmare.
Federal civil forfeiture law features an appalling lack of due process: It empowers the government to seize private property from Americans without ever charging, let alone convicting, them of a crime. Perversely, the government then pockets the proceeds while providing no prompt way to get a court to review the seizure.
On September 25, 2013, Terry and Sandy teamed up with the Institute for Justice to fight back in federal court. A victory will vindicate not just their right to be free from abusive forfeiture tactics, but the right of every American not to have their property wrongfully seized by government. 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.
