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…
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….
Platinum Bullion – Is it the True Jewel to Own?
Interest in precious metals – particularly gold and silver bullion – has exploded in recent years. Precious metals’ prices have been tremendously resilient, and growth in comparison to traditional financial vehicles like savings accounts, CDs and stock investments, has been remarkable. Investors however, often overlook the growing potential of platinum bullion, an oversight that may…
How To Tell If Gold’s Bull Run is Ending
One debate that’s constantly raging is whether gold is in a “bubble.” Is the precious metal overpriced and due for a major, long-term correction? Or are the periodic pullbacks in gold prices a normal part of any long-term bull market? The position of gold “bears”—those who believe gold has reached the end of its bull…
AOCS – The Bridge to a New Way of Trade?
Have you ever browsed our online store, come across a coin labeled AOCS Approved and scratched your head wondering what in the world that means? The American Open Currency Standard—widely known as AOCS—was developed to allow gold, silver and copper to be used in commercial trade and barter. (Coins that are AOCS Approved should not…
Despite Losing Some Gains, Gold and Silver Hold On Strong
As we head into the final quarter of 2012, it’s time to take stock of what’s going on in the gold and silver markets. In the third quarter—August and September specifically—both metals saw tremendous gains from their summer lows. At the beginning of the third quarter (July 1), gold hovered around the $1600/oz mark for…
