Mexican Billionaire Carlos Slim Selling Silver
here is something we are watching right now. we have breaking news on one billionaire making a move in the precious metals market. this has been an effort to hedge production for his silver mines. a spokesperson would not tell the percentage of production they have hedged out nor the price they have been able to secure on what they have been selling. this is an effort to hedge productions from the silver mining as a new company that went public. it is a mining company of gold and silver. we have been hearing from traders that they believe that Carlos has been active in the futures market. securing a certain price at very his prices that we have seen over the last couple of weeks. i will tell you i spoke with him directly back in January. he was very concerned about inflation. commodities prices were driven higher because of the weak dollar and the big surprise money that had injured in the world. would coincide with the belief that what he expressed at the time, a lot of commodities are moving higher due to an issue of the weak dollar.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Wednesday, May 4, 2011
Where to Buy Gold & Silver
Not only are the Silver Eagles and Maples Leafs Government minted bullion. They are also collector coins and have numismatic value. Really a win, win for investors with two ways to profit.Gold coins, bars, rounds & even jewelery are in a recognizable form and marked by an assayer so everyone knows exatly what it is - its like a guarantee. Sellers and buyers will know exactly what they are at a glance. Nobody will want to bother testing each flake to check that each one is real. That makes it a bad investment. the Maple leafs are .9999, very pure ,buy real silver and watch the news : JP Morgan will no longer exist because we the people buy gold and silver. JP Morgan is shorting silver, is NAKED shorting silver.
The most common questions after learning about gold and silver are "How?" and "What form of Bullion should I buy?" I invest in bullion coins only (ASE's & Peace/Morgan dollars. I place no value of one particular coin over the others.
I see them as shares in a particular stock, the ASE's are 1st tier shares and the Peace/Morgans are 2nd tier.
I calculate their value as a whole, to find the "personal rate of return", just as a 401k would be calculated...
But I do have a single favorite, a very good condition Peace Dollar, This one coin I set aside from the others, she is flawless and beautiful.
The most common questions after learning about gold and silver are "How?" and "What form of Bullion should I buy?" I invest in bullion coins only (ASE's & Peace/Morgan dollars. I place no value of one particular coin over the others.
I see them as shares in a particular stock, the ASE's are 1st tier shares and the Peace/Morgans are 2nd tier.
I calculate their value as a whole, to find the "personal rate of return", just as a 401k would be calculated...
But I do have a single favorite, a very good condition Peace Dollar, This one coin I set aside from the others, she is flawless and beautiful.
Dont Panic, Buy and Hold Physical Silver!!
Don't Panic, Buy and Hold Physical Silver !!
The manipulation in the silver market right know this is crazy. The price dropped almost 4 dollars in under 7 hours I have been watching the price since I got home from work about 3. The price went from 44. 21 to 40.60 in under 7 hours, the made 4 heavy drops hitting the 40.60 mark. We had 44.21 down to 42.52 from there down to 41.38 another big drop to 40.76 bottoming out at 40.60. Now it bounced around a little in between but sank fast. After it hit 40.76 it struggled back up to 41.83 before it bottomed at the 40.60 mark an hour and a half later I HAVE TANGIBLE PYHSICAL SILVER. Just look outside the scenarios that have been laid out by the major news outlets and paper shoppers and see for yourself what is really going on with silver. Go on the major online dealers websites and which ones you go to I don't not care you will see the truth about silver it is extremely hard to obtain physical right now. The U.S. mint is not currently making silver eagles, the major dealers and local dealers all have delays on eagles and a lot of other bars and rounds have a wait or in a sense backorder on eagles and one oz.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
The manipulation in the silver market right know this is crazy. The price dropped almost 4 dollars in under 7 hours I have been watching the price since I got home from work about 3. The price went from 44. 21 to 40.60 in under 7 hours, the made 4 heavy drops hitting the 40.60 mark. We had 44.21 down to 42.52 from there down to 41.38 another big drop to 40.76 bottoming out at 40.60. Now it bounced around a little in between but sank fast. After it hit 40.76 it struggled back up to 41.83 before it bottomed at the 40.60 mark an hour and a half later I HAVE TANGIBLE PYHSICAL SILVER. Just look outside the scenarios that have been laid out by the major news outlets and paper shoppers and see for yourself what is really going on with silver. Go on the major online dealers websites and which ones you go to I don't not care you will see the truth about silver it is extremely hard to obtain physical right now. The U.S. mint is not currently making silver eagles, the major dealers and local dealers all have delays on eagles and a lot of other bars and rounds have a wait or in a sense backorder on eagles and one oz.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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