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…
Posts published in “Silver”
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 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.
The Royal Canadian Mint announced that it will be closing its doors or the next two weeks as a means of stopping the spread of coronavirus. The mint will stop producing gold and silver maple leafs.
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.
James Turk is one of the most recognizable names in sound money. His career started at Chase Manhattan Bank with assignments in Thailand, the Philippines, and Hong Kong. He thereafter became the manager of the Commodity Department of the Abu Dhabi Investment Authority and held various advisory roles in money management.
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.
New technology is increasing demand for silver.
Like, for instance, the electrification of the vehicles.
In order to electrify cards and trucks, including the new Tesla Cybertruck, manufacturers need silver.
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.
The Royal Canadian Mint is a favorite coin producer for precious metals investors. Many prefer the Mint’s 24k gold offerings or maybe the .9999…
Researchers believe they have discovered a way to add gold and silver to nail polish to create a durable, tined and perhaps even antibacterial nail…
A-Mark Precious Metals CEO Gregory N. Roberts sold 3,300 shares of the company’s stock on Thursday. Sold at $17.66, the overall sale totaled $58, 094.96.…
Silver has increased in value 9 percent since the start of the year, largely due to improving sentiment among institutional investors. But, in the past…
With a one-year lapse in availability, the United States Mint is returning in roaring fashion with its annual 2016 Limited Edition Silver Proof Set, which went on sale at noon today.
Silver prices have fallen since 2011, when it neared record prices. A strong dollar and rebounding economy, according to experts, has undermined that silver bull run.
The Denver Broncos added silver Heisman Trophies to their locker room recently to celebrate their three Super Bowl Championships as football enters its stretch drive.
“That’s cool,” Broncos safety T.J. Ward said. “I like seeing those on a daily basis.”
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 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…
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…
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…
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…
US and New Zealand researchers recently found massive gold and silver deposits in reservoirs underneath a volcanic range on New Zealand. Project researcher Stuart Simmons told Quartz that…
‘This covers the entire range of radiation emitted by wireless devices, from voice and text through to 4G and Wi-Fi – almost everything is blocked…’ –…
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.
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:
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.
Numerous nations throughout the world are currently dealing with currency or debt crises of one kind or another. Greece has stolen the headlines where they’ve…
With Greece inching closer to a default, and European partners putting pressure on the southern Greek nation, Greeks have pulled money out of banks…
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.
Until last week, Blythe Masters was the butt-of-jokes from individuals like Max Keiser and the subject of many memes. In this episode of The Keiser Report, Max Keiser clarifies the claim by Blythe Masters that JP Morgan does not manipulate silver prices.
In this following meme, Banzai7 goes a bit further.
Bitcoiners have had quite a showing in March compared to most other markets.
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.
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.
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.
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.
How long have you been investing in silver?
Since my early 20’s, once I had a job and some sort of cash flow that was the real beginning. I did buy a few silver coins as a kid but nothing of significance.
What got you interested in silver?
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.…
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…
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 weekend might have left you wishing you were in semi-numismatic coins as the prices were wildly volatile. First ZeroHedge reported an uptick in the gold price of $190.
Then, when markets opened, metals tanked.
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.
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.”
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.
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.
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.
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.
In recent years Pete Rose’s Hall of Fame potential has been discussed with increased fervor, especially as players who took performance-enhancing drugs become eligible for Cooperstown.