After kicking off the year with better-than-expected trade data from China — and slow, ongoing economic recovery in the US — copper teamed up with other commodities in a sharp selloff last week. By market close on Friday, copper had retreated from its February high of $3.7820 per pound. During the first half of this…
Price Controls & Manipulation: Factors that Impact the Price of Gold and Silver
A major driving force behind gold and silver’s multi-year rally is the printing of money by central banks around the world. Since 2008, literally trillions of new dollars (currency) have been created in the hopes of resuscitating the besieged stock and housing markets. This inflation has placed upward pressure on gold and silver. In 2008…
The Great Atocha and the Immortality of Precious Metals
We’d like to start by letting you in on a new feature at the Provident Metals Blog. While we’re confident we’ve developed a top-notch resource for silver-and-gold bullion investors, our blog has focused almost entirely on the “bread and butter” of precious metals investment. Until now. The truth is, gold, silver and other precious metals…
Effects of Inflation Grossly Underreported, Experts Say
While economists and central bankers believe inflation may boost economic recovery, it can also have a dramatic and widespread effect on prices. Contrary to popular belief, inflation can be defined as an increase in monetary supply. And while many associate inflation with rising prices, an increase in the cost of goods and services is simply…
Silver: Nowhere Near Its Peak
In the perpetual battle of silver bull vs. bear, some say the bear has the upper hand. At least for right now. Many analysts and investors point to silver’s April 2011 surge to nearly $50—and the subsequent correction—as proof that silver’s long, secular bull market, which began in 2002, is officially over. Some naysayers even…
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…
