Month: April 2014

Are Adult Entertainers Being Driven To Gold, Silver, Bitcoin?

The US government doesn’t want people in so-called “high-risk” industries to have access to the banking system.

This includes everyone from gun shop owners, to bitcoiners to marijuana dispensaries and even porn stars!

But what the Department of Justice is overlooking is the simple fact that people will turn to gold, silver and bitcoin instead of the banking system. Bitcoin does not discriminate. Read More

The American Silver Eagle Is Doing Something Most Are Unaware Of

[heading]The American Silver Eagle Is Doing Something Most Are Unaware Of[/heading]

US Mint sales of bullion coins increased across most selections. Overall sales of gold coins rose 3,000 while silver coins increased 399,000, underscoring how silver’s reasonable price spurs silver buying among wider swathes of the population than gold.

Sales of American Silver Eagle coins topped 17.3 million in year-to-date sales. The coin has been around since 1986 and has never sold as much as during the January through April 22 period. Tuesday marks the first time that the Silver Eagle sales surpassed those from last year which were at 17,291,000 on April 22, 2013.

Read More

Gold Demand In China Will Rise 25 Percent Over Next Four Years

[heading]Gold Demand In China Will Rise 25 Percent Over Next Four Years[/heading]

Everyone has heard the murmurs regarding increased gold demand. Most people think that those buying gold are a bit crazy. In the US, just a small chunk of the population – less than 1% probably – have bought gold.

In China, the story is must different. Read More

Gold Price Lower After Easter Holiday

[heading]Gold Price Lower After Easter Holiday[/heading]

After a price rise and signs of bullishness, gold has fallen to a two-and-a-half-week low due to thin trading after the Easter Holiday.

Gold’s price was hurt in part by technical selling after it could not hold the $1,300 an ounce level with many people foreseeing a bottom at $1,280.

“One aspect is that the market is pretty thin today and liquidity is going to be constrained,” said Victor Thianpiriya, an analyst at ANZ. Read More

Is Palladium Going To $1,200?

[heading]Is Palladium Going To $1,200?[/heading]

Palladium has risen to its highest level since 2011 due in part to escalating tensions in Ukraine, in particular that the supply of palladium from Russia, the world’s biggest producer, will be restricted. In 1999-2000 palladium ran to $1,200. Could it be heading to its old high?

Politicians and banks are suggesting increased sanctions against Russia’s banking and finance system, worsening the situation and increasing the likelihood that supply will be cut off.

Palladium has increased 13 percent this year as the threat of disruption to Russian exports added to supply concerns amid a miners’ strike in South Africa, the second-biggest producer. The introduction last month of two-exchange traded products backed by the metal tried to temper the volatility. Read More

US Mint Silver Eagle Bullion Coins Top 5.3M in March Sales

[heading]US Mint Silver Eagle Bullion Coins Top 5.3M in March Sales[/heading]

2013 was a year in which the US Mint saw American Silver Eagle coin sales break record after record. Ultimately, the US Mint sold 42,675,000 coins, 26% more than it had sold in 2012, marking a new yearly record.

Soft precious metals prices have stifled some demand, although March did see the Mint sell 5,354,000 silver American Eagles, which is 30% more than it sold in February and 59.5 percent more than buyers purchased in March 2013, according to CoinNews. ¬†Marking the MInt’s fourth biggest sales month in history, it trails only: Read More

Secession Movements & Precious Metals

[heading]Secession Movements & Precious Metals[/heading]

The winds of independence are blowing throughout the world, and nothing could be better for our future. This host of succession movements is sweeping over the world, from Crimea to Venice to the US and has major implications for the future of life on earth.

WHY?

One common thread between governments is wanton printing by central banks. Part of the reason why the US has done so well since the 2008 banking nadir has everything to do with the fact other central banks are printing just as much or more of their own currencies. What does this mean? It means that these countries’ currencies are growing weaker in relation to assets like real estate, precious metals, minerals and other commodities and resources. But, since the price of these resources and commodities are tied to paper “ETF” products, their prices are fundamentally distorted anyway. Read More