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 - $1322.19 Up $39.71
Silver - $22.19 Up $0.77
Platinum - $1434.00 Up $30.50
Palladium - $730.00 UP $7.50
22 Reasons To Be Concerned About The U.S. Economy As We Head Into The Holiday Season
Are we on the verge of another major economic downturn? In recent weeks, most of the focus has been on our politicians in Washington, but there are lots of other reasons to be deeply alarmed about the economy as well. Economic confidence is down, retail sales figures are disappointing, job cuts are up, and American consumers are deeply struggling. Even if our politicians do everything right, there would still be a significant chance that we could be heading into tough economic times in the coming months. Our economy has been in decline for a very long time, and that decline appears to be accelerating.
#1 According to Gallup, we have just seen the largest drop in U.S. economic confidence since 2008.
#2 Retailers all over America are reporting disappointing sales figures, and many analysts are very concerned about what the holiday season will bring.
#3 Domestic vehicle sales just experienced their largest "miss" relative to expectations since January 2009.
#4 One of the largest furniture manufacturers in America was recently forced into bankruptcy.
#5 According to the Wall Street Journal, the 2013 holiday shopping season is already being projected to be the worst that we have seen since 2009.
#6 The Baltic Dry Index recently experienced the largest 4 day drop that we have seen in 11 months.
#7 Merck, one of the largest drug makers in the nation, has announced the elimination of 8,500 jobs.
#8 Overall, corporations announced the elimination of 387,384 jobs through the first nine months of this year.
#9 The number of announced job cuts in September 2013 was 19 percent higher than the number of announced job cuts in September 2012.
#10 The labor force participation rate is the lowest that it has been in 35 years. Read More...
‘DOLLAR ABOUT TO CRASH’, 170,000 TONS OF GOLD HELD IN SECRET HAWAII VAULT – WORLD BANK WHISTLEBLOWER
In this interview with RT, World Bank whistleblower Karen Hudes drops numerous bombshells- claiming that the dollar is valueless and is about to crash.
Perhaps of most interest to precious metals investors, Hudes appears to allude to the legendary Yamashita’s Gold- claiming that over 170,000 tons of gold bullion- more than the global stated reserves- are secretly held in a Hawaiian vault.
Hudes also states that gold prices have been smashed over the past 2 years due to market manipulation, but that will change, and soon (even though Hudes claims secret gold supplies greatly outnumber official stated reserves).
Former GATA member Bix Weir has long claimed that there are vastly larger global supplies of gold than silver- has the former World Bank lawyer let the public in on the secret, or is she just another dis-info agent attempting to discredit gold as a dollar alternative? Read More...
John Williams Interview
Hyperinflation begins in 2014. The dollar won't be the reserve currency for long, and if that happens, it will excerlerate the rate of inflation. John agreed that we are headed for a crash, and that even though they will try, they can't keep kicking the can down the road. He thinks we are at a turning point and we are going to see a weaker dollar and a dollar panic. With all of this will come the beginning stages of hyperinflation and if the dollar looses its reserve status then its basically game over. He said we are at a point when you need to preserve your wealth and assets. He mentioned Gold as a primary asset. You need to hold the gold through the crisis and ignore the price, its all about possession not about price. He said things could get so bad that $2000 would be cheap. The rise of the price of Gold reflects the falling of the purchasing power of the asset your using to buy the Gold. If you don't have some type of tangible asset, then your going to get wiped out. Because cash, bonds anything denominated in dollars will come worthless in hyperinflation. Read More....
Doug Casey: The Waning US Economy
“Confidence [in the US dollar] is going to be lost more and more quickly. Non-Americans who don’t have to hold dollars…are going to be looking towards the exits… I’m very partial to the precious metals… [Gold is] at a very very reasonably priced acquisition at $1300 an ounce. I suggest that people take those dollars out from under their mattresses and trade them for gold coins.” 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.
