Silver Investors Sue JPMorgan and HSBC for Market Manipulation

This past Wednesday, silver investors filed two lawsuits against banking giants JPMorgan and HSBC for conspiring to drive down silver prices and taking in hundreds of millions of dollars in illegal profits. Specifically, both banks are accused of manipulating COMEX silver futures and options contracts for the first half of 2008. Each bank is accused…

NIA Believes Currency Crisis Now Underway in U.S.

The National Inflation Association, producer of “Meltup” and other documentaries, grimly says the U.S. is now in the beginning stages of a currency crisis. According to the Federal Reserve’s meeting minutes of Sept. 21st, the U.S. central bank is now trying to boost inflation expectations. They’re publicly declaring – via the mainstream media – that…

Gold and Silver Reach New Highs, Retreat Slightly

The last few weeks have been pretty exciting in the gold and silver markets. Just in the last couple of weeks, gold has hit an all-time high while silver has increased dramatically as well. Peaking at around $1387 per oz, the price of gold has dipped back to around $1320 in the last few days…in…

$500 Shopping Spree Winner!!!

Provident Metals would first like to thank everyone for participating.  We received a lot of entries and some much appreciated feedback.  We can’t wait to unveil a new and improved ProvidentMetals.com and know you are all going to love it!!! Enough small talk, lets get to the point.  The winner of the Provident Metals $500…

Buying Gold as a Hedge against Currency Depreciation

It’s been a long held belief that gold and the U.S. dollar share an inverse relationship. When one goes up, the other goes down. Gold is considered by many to be one of the most stable minerals throughout history. Much of this is due to its consistency and the fact that it can be easily…

Beware of Gold Confiscation Myth

If you’re new to precious metal investing, you would be remiss if you didn’t read this As with anything, there are myths and misunderstandings that get spread around by unscrupulous telemarketers and dealers about investing in gold. Many unsuspecting and novice gold investors are too often led astray by a certain myth about gold confiscation,…