The gold plunge in April was no secret. It shed more than $200 an ounce and suffered its worst moment in 30 years. If you heard about the historic fall through the major networks, you may have ascertained that investors had given up on gold and moved their money into stocks, dollars and other investments….
Trouble Brewing for Investors of Gold and Silver With HR 684?
If you’re an investor of gold and silver bullion, the “Marketplace Fairness Act of 2013” will interest you, but for all the wrong reasons. The bill that would force online and catalog retailers in all states to tax purchases during transactions has passed through Senate and is now in the House (HR 684). Local businesses…
The Cyprus Banking Crisis: What it Says About Gold and Silver
Cyprus is a tiny country few can even locate on a map. We’ll admit it — when we first heard about a banking crisis in the small Mediterranean island nation, we had to dust off our globes. A Brief Look Back In March of this year, the once quiet member of the European Union (EU)…
Texas Hoping to Eliminate Sales Tax on Gold and Silver
“Everything’s bigger in Texas” with the exception of sales tax on precious metals, as Texas is “fixin to” become the first state in the country to completely abolish the tax on gold and silver coins. Currently, Texans are paying 6.25 percent on all gold and silver purchases of less than $1,000, but the Texas Senate…
Silver Market Technical Analysis: Low Trendline Suggests Rally
Some investors prefer silver bullion to gold for several key reasons. Lower cost, ratio-to-gold prices, and a high industrial demand are the most common. Yet like gold, silver has struggled in the first quarter of 2013, sliding more than seven percent since the first of the year. Many would argue silver is in a bear…
Gold – The Impact of Positive Economic News
As we near spring and head into “March Madness,” better-than-expected numbers on retail sales and unemployment in the U.S. has led to a slight sell-off in gold. As of this writing, gold stands at just under $1600 per ounce – so far this year, gold is down about 5% from its close on December 31,…
