Just showing a couple pieces of gold and silver that I recently purchased. 10 gram (0.35 ounce) PAMP Suisse gold bar, and Canadian Wildlife Series 1 ounce Moose (2012) and Antelope (2013) coins. The design on the gold bar depicts Fortuna, Roman goddess of fortune.
I buy most of my gold and silver from APMEX.com I've purchased several items from them and have never had any problems. Just go to their web page and you can see up to the minute prices. Pay by check; it takes longer for delivery but you save 3% vs credit card.
As for gold and silver, it's the flooding of SLV and GLD paper transactions and futures causing the price to drop. Silver even more since tied to industrial demand. As for over supplied, , it's a finite resource most of which is already mined and traded. It's not like someone just found thousands of tons of the precious metals and dumped it on the market.
Monday, July 22, 2013
Silver and Gold, what will it take to awaken the American people?
Quick discussion about what it will take to get people in to Silver and Gold
When I talk about silver stagnation in price, I mean in the short term. We all know there will be a upward trend in price in the long term, so there is no argument there When will silver meteorically rise? That is hard question and is dependent on many factors: costs to mine produce and refine silver, levels of production, levels of demand, outside factors such as level of public debt, overprinting of currency by the Fed and other governments around the world. Check out chris Martenson on exponential growth theory. I believe silver is included in that theory. People will come into the silver market right at the end so for the stackers its only just extra time to get the physical as cheep as dirt.
When I talk about silver stagnation in price, I mean in the short term. We all know there will be a upward trend in price in the long term, so there is no argument there When will silver meteorically rise? That is hard question and is dependent on many factors: costs to mine produce and refine silver, levels of production, levels of demand, outside factors such as level of public debt, overprinting of currency by the Fed and other governments around the world. Check out chris Martenson on exponential growth theory. I believe silver is included in that theory. People will come into the silver market right at the end so for the stackers its only just extra time to get the physical as cheep as dirt.
Gold & Silver Shortages ~ Asian Dealers Fear Summer Shortage
Gold Jump Pulls Miners Higher as Asian Dealers Fear Summer Shortage
From Adrian Ash
The WHOLESALE price of gold leapt in thin Asian trade Monday morning, jumping 1.7% inside half-a-minute and then extending its run in London to new 1-month highs at $1322 per ounce.
London-listed gold equities followed, with shares in Randgold Resources – tipped today by analysts at both J.P. Morgan and Morgan Stanley as better able to cut costs and avoid write-downs than competitors – rose 2.5%.
So too however did shares in African Barrick Gold – named by Morgan Stanley as a gold miner facing "heightened risks [with] limited scope to raise returns."
Russian gold miner Petropavlovsk, which by end-May had sold forward 70% of its 2013 output to hedge the falling gold price, meantime rose over 4.3% on the London stock market, taking its rally of the last two weeks above 40%.
Shares in the former million-ounce miner remained 75% below the start of 2013, however.
Randgold Resources was trading today 25% down for the year so far.
"Gold broke through a key technical level at $1300," said one Singapore trader to Reuters this morning.
The first breach of this "psychologically important" level since end-June, however, gold "is still a good $230 off the technically important 200-day moving average," says the daily note from Germany's Commerzbank.
http://news.goldseek.com/GoldSeek/1374499548.php
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
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