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
Let's have a look at our precious metals pricing for today.
Gold - $1317.24 Down $0.65
Silver - $22.86 Up $0.04
Platinum - $1475.00 Up $4.50
Palladium - $761.75 Down $4.75
Tide Thefts, Cargo Hijacking And Cattle Rustling: Why Is An Epidemic Of Thievery Sweeping America?
Desperate people do desperate things, and it appears that Americans are rapidly becoming a lot more desperate. An epidemic of thievery is sweeping across America, and authorities are not quite sure what to make of it. Down in Texas, cattle thieves can get up to $1,500 per head of cattle, and cattle rustling was up nearly 40 percent last year. As you will read about below, cargo hijacking is becoming much more sophisticated, and it is being estimated that losses from cargo thefts will total about $216 million this year alone. And for some reason, Tide laundry detergent has become a very hot commodity among common criminals all across America. In fact, it is being reported that some grocery stores are "losing $10,000 to $15,000 a month" as a result of Tide thefts. So why is all of this happening? Well, as I have written about previously, crime is on the rise in the United States, and poverty is absolutely exploding. Read More...
14 Facts About The Absolutely Crazy Internet Stock Bubble That Could Crash And Burn In 2014
Shouldn't Internet companies actually "make a profit" at some point before being considered worth billions of dollars? A lot of investors laugh when they look back at the foolishness of the "Dotcom bubble" of the late 1990s, but the tech bubble that is inflating right in front of our eyes today is actually far worse.
#1 In just a few days, the Twitter IPO is expected to raise close to 2 billion dollars even though Twitter actually lost 64.6 million dollars last quarter and has a long history of not being profitable.
#2 It is being projected that after the IPO Twitter could have a market valuation of more than 13 billion dollars.
#3 Twitter is not expected to make a profit until 2015 at the earliest.
#4 According to CNBC, Pinterest is currently valued at 3.8 billion dollars even though it has never earned a profit.
#5 Yahoo paid more than a billion dollars for Tumblr even though Tumblr's revenues are so small that Yahoo is not even required to report them on financial statements. Read More...
Don’t Worry – The Government Says That The Inflation You See Is Just Your Imagination
If you believe that there is high inflation in the United States, you are just imagining things. That is the message that the U.S. government and the Federal Reserve would have us to believe.
According to John Williams of shadowstats.com, if the inflation rate was still calculated the same way that it was back when Jimmy Carter was president, the official rate of inflation would be somewhere between 8 and 10 percent today. But if the mainstream news actually reported such a number, everyone would be screaming and yelling about getting inflation under control. Instead, the super low number that gets put out to the public makes it look like the Federal Reserve has plenty of room to do even more reckless money printing. It is a giant scam, but most Americans are falling for it. Read More....
China seeks world role for 'people's money'
With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar.
The most attention-grabbing reform planned for Shanghai's new free trade zone is free convertibility of the yuan -- also known as the renminbi, or "people's money" -- an unprecedented change which would allow greater use of the currency.
But no timetable has been specified, and a true contest between Mao Zedong, Communist China's founding father whose face is emblazoned on most yuan notes, and Benjamin Franklin on the $100 bill will be years in the making.
For decades the US has benefited to the tune of trillions of dollars-worth of free credit from the greenback's role as the default global reserve unit.
But as the global economy trembled before the prospect of a US default last month, only averted when Washington reached a deal to raise its debt ceiling, China's official Xinhua news agency called for a "de-Americanised" world.
It also urged the creation of a "new international reserve currency... to replace the dominant US dollar". 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.
