Gold Prices Rally Following Fiscal Cliff Bargain

As you’ve undoubtedly heard over the water cooler or on the news, lawmakers in Washington brokered a last-minute, last-ditch deal to avert the so called “fiscal cliff.” Generally speaking, the final deal delays $110 billion in automatic spending cuts until March, while increasing income tax rates on individuals earning over $400,000 annually, or families earning…

Palladium – More than a Shiny Coin

Palladium is an interesting metal indeed. Not only can you buy palladium bullion in the form of coins and bars, the metal is used in numerous industrial applications as well. The demand for palladium for these applications is rising faster than available supply can meet, which is leading to shortages. Over time, many analysts expect…

Copper Bullion – Does Investing Make Sense?

There’s no disputing it, copper is one of the modern world’s most vital resources. Its uses have become central to an infinite variety of domestic, industrial, and high-technology applications, and its demand is increasing by more than 575,000 tons annually and accelerating. Now, consider for a moment the fact that there is only so much…

Gold Confiscation – Why a Future Call-Back is Unlikely

Gold confiscation – it’s a myth that too many gold investors have been caught by in years past. That myth of course is perpetuated by dealers out to make a quick buck. They claim certain coins (i.e. bullion) can be confiscated by the government. Therefore, you should purchase more expensive coins that can’t be. This…

Gold Tumbles as Fiscal Cliff Talks Stall

In the days leading up to the Christmas holiday, gold and silver have tumbled, in part due to news that the fiscal cliff negotiations between the White House and Congress have stalled, 3rd quarter GDP was higher than expected and many institutional investors of gold took some year-end profits. The big story though remains the…

What is Barter? – How Silver Can Serve as a Currency Alternative

It occurred to us recently – some of our posts and commentary here at Provident Metals discuss gold, silver coins and even copper coins as an alternative means of exchange. Much of this discussion has centered on the use of precious metal coins to “barter” for goods and services rather than using traditional U.S. Dollars….