Monday, April 29, 2013
Friday, April 26, 2013
Today. a few friends and I went to my local Silver Coin Bullion Shop in Southern California and traded in our paper dollar bills into real money which is Silver.
We asked a Few questions to Tracey from Covina Coin and Jeweler, who have been in business for over 20 years.
She was very knowledgeable about Silver, the Economy, and even what's going on with the Manipulation of Silver Prices
Remember that if you want to go out and invest in Silver, make sure to do your research about the person or business that you are buying from. As a matter of fact, shop around your local area to find the best rates for both buying silver and selling silver.
Don't just go down to a random pawn shop, because they more than likely will rip you off, especially if they sense that you don't know too much about what's going on with silver. Many of them sell you silver for much higher than what the spot silver price is currently costing in the market place. At the same time, when you go and sell your silver at those spots, you can get a lesser dollar value than what the market will actually give you for your silver ounces.
I trust Covina Coin and Jeweler because they always give me the best silver rates compared to other places around my area.
As Always, Keep Stacking that Silver!
Wednesday, April 24, 2013
When considering whether silver is a good investment for the future, you might want to take a closer look at the current above ground supply of silver.
A reasonable estimate is that roughly 1 billion ounces of silver currently exists above ground in investment grade form.
This does not include the ounces of silver that need to assayed, melted, and recovered from what little silver is left in jewelry, silverware or sequestered away in electronics.
But at least it's something.
Silver Derivatives and JP Morgan Chase's Recent $2 Billion Loss
A classic example of the risks involved in derivative products that have no readily visible asset underlying them, such as synthetic credit and debt instruments, is the recent $2 billion loss announced by J.P. Morgan Chase.
When it comes to silver paper derivatives like futures and options, at least a real and visibly traded physical commodity underlies and determines the value of the paper trading vehicles.
Nevertheless, the markets in these silver derivatives can be manipulated due to the lack of a requirement by futures exchanges for both the buyer and the seller to actually deliver the physical metal into a futures contract.
Since only the seller typically has the right to instigate delivery into a futures contract, this means that silver futures sellers can have no physical to sell and yet still sell a silver futures contract.
As a result, these silver derivatives have become the tails that continue to wag the dog. They can and have been used to artificially keep physical silver prices low.
Paper Ounces Versus Physical Silver
Given the opportunity for manipulation of the silver market using derivatives, one might ask how many ounces of paper silver trade versus the number of ounces of the actual metal, as well as how many claims to each physical ounce of silver exist?
One well-informed source, Jeffrey Chrisitian of CPM Group, admitted that there are as many as 100 claims for every ounce of physical silver.
This indicates a real problem with considering the physical silver supply ample at only 1 billion ounces of above ground investment grade silver, when owners may hold claims to as much as 100 billion ounces.
Monday, April 22, 2013
Why the recent sell-off in gold and silver defies the fundamentals, ignores the facts, is predicated on a myth, and has succeeded in creating the necessary level of scepticism and fear to finally propel precious metals to new record highs.
Video for people with visual disabilities. Use Closed Captions (CC) to get the most out of this video. Small Business, Things Needed to Start a Business. You're about to discover the world's first and only business of it's kind in the precious metals industry. Not only do our associates save an incredible amount on the purchase of Gold & Silver Bullion and Numismatic Coins, but they also enjoy an incredible ability to earn a substantial income from the comfort of their homes. Never before has there been such an upward trend for purchasing precious metals... and now is the time! According to many of the leading experts: ...this is just the beginning of the greatest boom in precious metals history! Preservation Of Wealth (POW) gives you the exclusive privilege of purchasing precious metals for 5-50% less than everyone else, PERIOD! Just imagine what that savings alone could mean to you! With our incredible purchasing power, we are able to buy our precious metals from the largest distributors in the world and by doing so we pass on our tremendous low prices to our associates. We simply pass on our price to our associates without ANY mark up or commissions added to the price. Our associates receive substantial savings getting their metals through us and experience savings anywhere from 5-50% on the same metals they would have purchased elsewhere. Add to that...the fact that our associates also have the opportunity to create a substantial income with their very own "Dealer Direct Pricing" Gold & Silver Business. With the current economic environment and current market trends, our associates are taking advantage of this tremendous timing. And it's easier than ever for them to build a long lasting residual income and maybe for the first time in their lives, create REAL wealth! For many of our associates, that will stay with them and their families for years to come. Just think about it...You can't watch TV or listen to the radio without hearing all about the economy and the importance of owning precious metals. Never before has there been such a huge buying trend towards the purchase of metals. You now have the opportunity to take advantage of the largest market trend in the history of the precious metals market... all while being in the "Right Place at the Right Time" and Create, Grow & Preserve Wealth for you and your family! How We Do It! So you may be asking... "HOW can Preservation Of Wealth not charge commissions or any mark ups and still make money?" Well, the easiest way to explain it is to compare us to a wholesale club business, like Costco and Sam's Club. By having a focused and exclusive group of associates brought together for a single purpose (getting the best prices on precious metals), we use our incredible buying power and purchase precious metals from the largest distributors in the world for the lowest prices possible! We then pass the prices we pay to our associates. Now, obviously if you were buying or wanted to buy precious metals, I'm sure you'd want to get the best prices...right? Well, now you can! And THAT'S how we make our money. We profit and so do our associates, by simply helping others get involved with us by taking advantage of our Exclusive Benefit Package.
Friday, April 19, 2013
Wednesday, April 17, 2013
During this very tumuluous week for precious metals prices, Chris sat down with Mike Maloney, founder and owner of GoldSilver.com, one of the world's largest bullion dealers. Mike is a true scholar of monetary history. His reasons for getting into the bullion business have their roots in a very predictable cycle that has happened time and again over the centuries (more accurately: millennia): 1. A new monetary system is introduced, based on sound money (most commonly, using gold and/or silver) 2. Currency (e.g. paper bills backed by sound money) is introduced to faciliate trade and commerce 3. Governments begin to tinker with ways to 'print' more currency than can be fully backed (e.g. coin clipping, partially-backed notes, FRNs) 4. A false prosperity ensues. Those closest to the new money creation benefit most, and debase the currency further to advance their advantage. 5. Reality begins to catch up with this deficit spending, and the purchasing power of the currency weakens dramatically. 6. The monetary system collapses under too many claims on a limited pool of sound money. 7. Eventually, a new monetary system backed by sound money rises from the ashes (see Step 1 above) Mike believes we are currently experiencing Step 6, and that we will witness the birth of a new monetary regime within the next ten years. What makes this moment in history unique is that all past monetary regime collapses have happened regionally. This is the first time in human history in which all the world's major currencies are collapsing together. Which is why he is so passionate about owning gold and silver. In his opinion, we will soon witness the greatest transfer of wealth ever seen as countries worldwide realize they need to revert to monetary systems backed by sound money (i.e. the precious metals). Those holding gold and silver beforehand will not just preserve their wealth as existing fiat currencies are extinguished, but will see staggering increases in their purchasing power. Those interested in learning more of Mike's specific vision can watch episode One of his new Hidden Secrets of Money video series (Chris and I received advance screenings of the next few episodes, which are excellent in terms of explaining the processes and shortcomings of our current monteary system).
News on gold and silver. Physical gold being hoarded and physically claimed. Theories and projections. Bullion will have a sell off! Because any individual or company with large amounts of bullion want property or Land.Property gets you a rental income & land can be built on or let out & any asset which gives the owner a return will always beat any asset which does not & you's will all find that Land as been here just as long as gold.eagles are only 92%, similar to crown gold. They contain the full weight mentioned on the coin with the addition of silver and copper to harden them.
Monday, April 15, 2013
gold overshot the inflation. In 1980 there was a month where we could have gone back on the gold standard. Take the price of gold X's all the ounces of gold and it covered the currency supply. Right now in dollars gold only covers about 7.3 Trillion. Its not different this time that's the point, gold has done this over and over throughout history. Gold is the benchmark to measure value and paper currencies; you are using paper currencies as a benchmark for gold.
David covers the reasons behind the major pullback in metals on April 12 and where they may go from here I measure "true value" in traditional purchasing power, which can be observed throughout a 100 years of $300 - $800 when adjusted to inflation. Using such a formula, the current expansion of currency and inflation is already included in determining where Gold should be priced at. If there were a bank holiday tomorrow, and the USD lost half it's value, an inflation graph would show little to no fluctuation. The historic value would simply change to $600 - $1,600, in post-holiday dollars.
Saturday, April 13, 2013
If the gold numbers "pan out" ;) like silvers, then jewelry would represent one of the top three demand criteria..to me the "form" of the metal doesn't matter and I consider jewelry as wearable bullion..so..the 1% number i disagree with, BUT like I said before i think lingering sentiment about 2008, eyes on Cypress and like you said fiat printing and loss of purchasing power have permanently fixed golds value in a growing number of minds..so yeah..the uptrend will remain intact.
Friday, April 12, 2013
James Turk of GoldMoney.com predicts gold will reach "$11,000" per ounce in the next five years. Turk goes on to say, "It might come sooner. It depends on when confidence finally breaks, and we're getting very, very close to that stage. There's nothing holding the dollar together but confidence." Join Greg Hunter as he goes One-on-One with James Turk of Goldmoney.com.
Wednesday, April 10, 2013
First, OBEY the law. I AM NOT A TAX EXPERT OR LEGAL EXPERT. CONSULT YOUR OWN ACCOUNTANT AND DO YOUR OWN RESEARCH. THIS IS FOR INFORMATION ONLY. Here is an interesting article: http://www.internationalman.com/globa...
US Gold Eagle and US Gold Buffalo coins, all weights, are not reportable for any quantity.
Foreign coins sold in quantities of 25 ounces or more are reportable. Foreign coins include, but are not limited to: South African Krugerrands, Austrian Philharmonics, Chinese Pandas, Canadian Maple Leafs, British Sovereigns, etc.
Fine bars sold in weights of one kilo (32.15 troy ounces) or more per transaction are reportable.
Bullion coins sold in any quantity are not reportable. Examples include, but are not limited to: Mexican Libertade, US Eagles, Austrian Philharmonic, Canadian Maple Leaf, etc.
Bullion bars and rounds, .999 fine, sold in weights of 1,000 ounces or more per transaction are reportable.
Junk bags of 90% coins, $1,000 face value or greater sold in a single transaction are reportable.
As outlined here, a gold and silver bullion investor can avoid any 1099B reporting requirements by simply pursuing a buying strategy of coins that are exempt. We must add a note of caution: arranging the sale of bullion in multiple transactions to skirt the reporting requirements will expose the seller to further scrutiny and possible prosecution. A dealer that determines a seller is using a pattern of sales to avoid 1099B reporting is required to file a Suspicious Activity Report.
Brief discussion on Gold and Silver coins as a viable investment
Article 1, Section 8:
The Congress shall have Power . . . To coin Money, regulate the Value thereof, and of foreign Coin . . . ; To provide for the Punishment of counterfeiting the Securities and current Coin of the United States . . . .
Article 1, Section 10:
No State shall . . . coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts....
Wednesday, April 3, 2013
Better at $1500 USD than $2000 or more later down the line. Very healthy stack ! When gold was $500 an ounce i am sure there were people saying it was too high, same at $1000 but what do you think those same people are saying now and i dont wish to be one of them 5 years from now regretting it so i am happy paying the prices now though i like to buy at £1050 or less.
Monday, April 1, 2013
I've received a shipment of silver today and decided to share the unboxing with my viewers. The package includes 2 units of 99.9% Pure Silver from the Perth Mint Australia. Purchased at $357.00 per bar in late February 2011