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Posts published in “Silver”

Why Buy Silver Now That Biden is President

When people think of precious metals investing, usually an image of gold bars or coins comes to mind. However, this initial idea does not begin…

Gold And Silver Remain In The Early Stages Of The Next Bull Market

The financial world has turned its attention to gold. Gold has flirted with $2,000 an ounce, and silver has reached $26, before corrections. Meanwhile, as the mainstream press is urging the public to stay away from gold, the U.S. Mint announced it would be shutting down some of its production. But that’s perhaps not even the biggest news out of the precious metals markets.

JP Morgan Is Exiting Its Silver Shorts

JP Morgan and Citibank have long manipulated the price of silver via short positions on the futures market. These silver shorts ruin the silver price, according to Bill Murphy, the Gold Anti Trust Action Committee chairman and editor-in-chief of Le Metropole Cafe.

James Turk: “La mejor manera de ahorrar dinero hoy es acumular oro físico y plata física”

James Turk es uno de los nombres más reconocibles en dinero sólido. Su carrera comenzó en Chase Manhattan Bank con proyectos en Tailandia, Filipinas y Hong Kong. Posteriormente se convirtió en el gerente del Departamento de Productos Básicos de la Autoridad de Inversión de Abu Dhabi y desempeñó diversos roles de asesoramiento en la gestión del dinero.

Silver Breaks Through $17.00. What to Expect in 2020.

Silver prices are trading at $17.04, up 0.65% on the day.

That comes on the heels of the U.S. and China announced on Friday that a limited trade deal had been reached.

Yet, silver trails gold in terms of gains in 2019. While gold is almost up 15% in 2019. The 200 EMA is at 17.14, which is below resistance at 17.25. The 50-day EMA is 16.72.

Gold Reverses as Global Stock Markets Gain Momentum

Spot gold hit a six-year high late last week. It is the first time since April 2013 prices soared so high – peaking at a value of $1,5334.31 an ounce. Due to this price bump, US gold futures rose by roughly 1.3% to $1,537 an ounce. Despite the positive momentum, these high levels could not be sustained over the weekend.

Several factors drive the current and future value of gold and silver. Weakness in the Argentine Peso, civil unrest in Hong Kong, and the US-China trade war has forced investors to seek safehaven.

Precious Metals Are The Big Losers Headed Into the Weekend

Markets did not know what to do after election results poured in, although many markets had been pricing in a possible Trump victory for about one month prior to the election, as polls were too close to call and also the accuracy of many mainstream polls were thrown into question.

Gold futures fell precipitously Friday, their lowest finish since June, thanks to strength in the U.S. dollars and equities. The Federal Reserve, according to many analysts, might increase interest rates next month. The main reason for precious metals decline is similar to why global currencies have fallen: the strength of the dollar.

A-Mark Acquires Silvertowne

A-Mark Precious Metals, a Southern California based precious metals trading company distributor for all the major sovereign mints,  acquired a majority stake in Indiana-based SilverTowne Mint. SilverTowne…

How To Start Your Own Gold Dealer Website

GoldSilverBitcoin – Entering into the gold business and starting your own gold dealing site is easier than ever. As goldbugs and silverbugs might notice, there is quite a bit of turnover in the online bullion retail scene. Moreover, the general websites that are highlighted are not the only ones. There are many, many online gold dealers who have carved out their own niche. The industry itself has gone through a lot of flux lately. We highlight in this article how you – Yes, YOU – can enter into the gold selling space. While we can’t go into certain technical details, this guide will make you aware of the tools you need. Here’s how.

There are numerous products precious metals oriented online retailers focus on, such as bullion gold, silver, platinum and palladium coins and bars, semi-numismatic gold and silver coins such as Morgan Dollars and Saint Gaudens (Pre-1993 gold coins), tube holders and survival gear. One thing many people, in my opinion, do not consider while opening a precious metals shop is jewelry. While precious metal coins oft carry small premiums – save for the Pre-1933 gold coins – jewelry has higher margins.

What Will Happen If COMEX Defaults?

A group of eight central banks in the US and Europe, the London Gold Pool controlled the price of gold for six years until the…

There Is No Raw Silver Shortage

Discussion about whether or not there is a silver shortage has divided the silver community. More information about the situation has recently come out. The…

Premiums Tell It All In Silver Bullion Retail

On the retail level, procuring silver bullion has become an issue with delay in several products including American Silver Eagles, Canadian Silver Maples and even…

Will Tesla’s Home-Based Battery Use Silver?

In this day and age, energy comes from wind, water, sun and from geothermal forces below the surface of the planet. How to store that energy and transport it becomes more difficult. Oil is transportable and has a long shelf-life, making it a favorite option.

Elon Musk’s plan to bring a Tesla battery to homes and offices, the Powerwall, is a battery in 7 or 10 kilowatt-hour sizes. Tesla plans a battery for bigger operation with a 100 kWh unit named the Powerpack. The Powerwall can pull power from the grid during off-peak hours.

50 Years Ago the US Government Stripped Dimes, Quarters & Halves of Silver

July 23, 2015 marks the 50th anniversary of the debasement of United States’ coinage. The Coinage Act of 1965 debased the coinage of silver from the dimes and quarter dollars and diminished the silver content of the half dollar from 90% to 40% before it, too, lost all of its silver content about 5 years later. The US government claimed the reason for the act was coin shortages caused by the increase in the price of silver.  The Act also forbade the mintage silver dollars for five years.

The demonetization of the silver came just over two year after US President John F. Kennedy delegated authority to the Secretary of the Treasury to issue silver certificates. In his book Crossfire, Jim Marrs posits that Kennedy created silver certificates to undermine the power of the Federal Reserve, though others say that Kennedy’s decision was merely a matter of convenience during a time of transition away from silver certificates.  Here are parts of the speech by Lyndon B Johnson announcing the change:

“America Is America’s Greece” – Exclusive Interview With Andrew Hoffman

A storm is brewing on the global level. In recent weeks the world has seen numerous nation-states plagued by economic turmoil. China, Greece, Puerto Rico, Venezuela and others have had a taste that the global crisis which shocked the world in 2008 was not in the past. Rather, it remained in the present, as well.  The Chinese stock market crashed, and its the second largest stock market in the world.  Pundits wondered – could the same happen in the US. 

Denarium Hopes To Pick Up Where Casascius Left Off




“Low-cost” physical bitcoins (basically coins with enough data on them to retrieve a certain number of bitcoins) have always enjoyed demand from the Bitcoin space, however numerous startups which pursued the idea faced headwinds due to regulatory concerns early on in their evolution. Now, a Finnish Bitcoin startup is running with the idea, an idea which led to the best known company, Casascius coins, which go for a pretty penny to this day. That company ceased operations in 2013. 

Denarium hopes to supply such coins to appease the demand for physical bitcoins.

“What we hope to achieve is to allow everyone to have an easy-to-understand gateway to the world of Bitcoin. Our first product is a simple, low-cost product that anyone can afford,”  Denarium co-founder, Henry Brade, told Crypto Coins News.

Gold Eagle & Silver Eagle Sales Total February 2015

US Mint sales for February ticked downwards as both American Gold Eagle and the American Silver Eagle sold fewer units than in previous months.

3,022,000 American Silver Eagles were purchased from the US Mint in February, a 45.4% decrease off January’s 5,530,000, a 19.4% decrease from the year prior, the worst February totals since 2013.

A Brief Recent History Of Precious Metals Manipulation Investigations

Although terms like “free market” are often used to describe modern life,  evidence of command-and-control markets  keeps finding its way into headlines, most notably with Libor – the rigging of global interest rates (or the price of money) – shocking the world

What fewer know is the consistent investigation by national authorities into the rigging of precious metals prices by major banks.  There have been more than a few. The Department of Justice antitrust division prosecutors investigation into the price-setting process, which was announced yesterday, is merely the most recent.

Gold Investors Bullish On Gold & Silver Bullion Based On January US Mint Sales

Sales numbers (brought to the internet by CoinNews.Net) of US Mint American Eagle and American Buffalo sales increased in a big way in January with the newly dated 2015 bullion coins selling in quantity and attracting investors and collectors thanks to volatile gold and silver prices during the month of January. Many bullish sentiment has been expressed in recent months in regards to gold, and investors are nervous about a stock market that looks topsy-turvy.

Just How Much Silver Is In The Super Bowl Trophy?

Silver and gold have been a big part of history, right alongside sports. And that is why it makes sense that many of the world’s most important trophy’s in sports. Yesterday we saw the end of Super Bowl XLIX, and everyone has spoken about the controversy swirling around Pete Carroll’s late decision which might have cost the Seattle Seahawks their second straight Super Bowl.

GoldSilver.Com Is Now Accepting Bitcoin

As is made clear in the above announcement, GoldSilver, owned by well-known sound money proponent Mike Maloney, has begun accepting Bitcoin for gold and silver.…

A Silver Lining In Solar Energy Demand?

Solar energy is seen as an important step towards cleaning up human society.  The process works by using radiant light and heat from the sun…

A Look At Silver’s Largest Intraday Move In Two Years

Silver’s volatility should come as no surprise as the metal creeps back down to its lows around the 2008 banking collapse of $9-$12. The drop down to nearly the $13 handle could be considered a major washout in a market that has been sold en masse for the past few years.

Silver moved 18.7% from its intraday low of $14.15 according to FactSet data. The price of $14.15 for silver on Sunday was its lowest price since Sunday.

This Is The Woman Revolutionizing Precious Metals

Ruth Crowell is modernizing the precious-metals industry. She oversaw the update of the silver fix, which had been around since 1897. Shortly thereafter, she was on to changing the way the world sets the gold price, which had been done the same way for 95 years. The 34-year-old American, who had spent seven years at the London Bullion Market Association after coming on as a temp worker, has become the international trade group’s first female chief executive.

Silver Is Undervalued & Widely Ignored. Is It A Timely Investment?

Is silver undervalued, widely ignored, and intriguing?

Are these price levels the opportunity that precious metals investors have been waiting for? Is the time now?

For many so-called “silverbugs” the answer is “yes.”

$251 Million Tomahawk Missile Contract Will Require Silver

Raytheon Co. received a $251 million contract from the US Navy to make Tomahawk Block IV tactical cruise missiles for fiscal year 2014 with an option for 2015, which, according to some, means a lot of silver will soon be needed.

Although much of the discussion surrounding the true composition of the Tomahawk missile is speculative, a boisterous group claims that 480 ounces of silver (16kg) is needed per cruise missile.

Raytheon will build and deliver Tomahawk Block IV cruise missiles to the US Navy and the UK Royal Navy. Raytheon is charged with conducting flight tests and providing life-cycle support. Production and delivery of the Tomahawk missiles is set to begin in 2015.

Everyone’s Buying Dollars

Gold and silver’s lower prices are not a sign the bull market is over. Instead, it is a sign that the US dollar is experiencing relative strength because other things are falling. For instance, the New Zealand central bank just finished off its biggest sale of the Kiwi in 7-years, but that is nothing compared to some other events, like protests for Democracy in Hong Kong, which is causing a selloff in the Hong Kong dollar and renminbi for US dollars. With more bullish news for the US dollar hitting the wires, it is uncertain when gold and silver will stop their slide.

Myriad speculators agree: silver is oversold. Traders and analysts point to a completely out of whack gold-and-silver ratio to explain this fact.

Overnight September 28 the gold-silver ratio was approximately 69.72. That means, for every ounce of gold, you could purchase 69.72 ounces of silver. At the end of August the ratio was 66. The ratio is above its 10-year average of 57.

This is a change from the usual.

Historically, the ratio has been much closer.

What Taco Bell Doesn’t Want You To Know About Silver Dollars

In the following commercial, the low-end Mexican-American fast food chain Taco Bell shows a grandfather passing on a Morgan Silver Dollar, which had been in the family for generations, to his grandson. He is explaining the long story of the coin’s history, and just as he is about to give the Silver Dollar to the kid, he notices that Taco Bell has an awesome deal: a $1 menu! He tells the kid “nevermind,” and heads over to Taco Bell. Unfortunately, things don’t look good for that old man.

Bitcoin, Gold & Silver Liquidated For Alibaba?

Alibaba Group had a huge debut with its shares beginning to trade at $92.70, up over 36% from its IPO price of $68.  That increase on the New York Stock Exchange raised the company’s total market value from $168 billion to over $220 billion. Alibaba had raised $21.8 billion in its hotly anticipated IPO, the largest in US history, dwarfing Facebook Inc’s IPO.

The price of bitcoin has fallen from its $513 price of one month ago to as low as $381.17 on Friday. This week alone the crypto-asset fell from $513 to $381.

Provident Metals Now Accepts Bitcoin

Provident Metals, a well-known gold and silver bullion dealer,  announced that they would start accepting cryptocurrencies for payment for coins, bars and even survival supplies…