Most of us have either told or heard those tales of yesteryear about how you could get a hamburger for a dime, or a gallon of gas for a quarter. This was the reality in 1964! Of course, these nostalgic facts become a bit slanted once you take income into account – in 1964, the…
What the Fed Isn’t Saying: The (Unintended) Consequences of Quantitative Easing
In our last two posts, we touched on the Federal Reserve’s controversial decision – to purchase $40 billion in mortgage-backed securities every month for an indefinite period of time – and the effect it’s having on the gold and silver markets. News coverage on the monetary stimulus seems to be centered primarily on what the…
Copper Bullion Investment Made Simple
It can be easy to forget about copper when considering an investment in precious metals. Unlike gold and silver, it’s rare to see a TV commercial promoting copper bullion products. And with a few clicks of the mouse, you’ll discover dealers rarely market or even offer copper coins and bars. Moral of the story? Strike…
Why are Premiums for Copper Bullion So High?
To further our discussion about copper as a viable investment option, we wanted to touch on a recurring question we get at Provident Metals. Most people know that precious metal coins and bars come with premiums attached. In other words, the actual price you pay for a silver coin (like the American Silver Eagle, for…
Copper Outpacing Gold, Silver in 2012
For the gold and silver markets, the year has been tumultuous at best, with an anemic 0.9% rise in gold futures and a 2.5% decline in silver futures. Copper on the other-hand has risen about 2.7% since the end of last year! A recent report from MarketWatch gives some perspective on why copper may be…
States Seek Alternatives to the U.S. Dollar
In the last couple of years, an increasing number of state legislatures across the country have introduced bills to allow gold and silver to be used as legal tender. In 2011, Utah became the first state to introduce its own alternative currency to the U.S. dollar. That state’s governor, Gary Herbert, signed a bill in…
