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…
Gold Prices Rally Following Fiscal Cliff Bargain
As you’ve undoubtedly heard over the water cooler or on the news, lawmakers in Washington brokered a last-minute, last-ditch deal to avert the so called “fiscal cliff.” Generally speaking, the final deal delays $110 billion in automatic spending cuts until March, while increasing income tax rates on individuals earning over $400,000 annually, or families earning…
Gold Tumbles as Fiscal Cliff Talks Stall
In the days leading up to the Christmas holiday, gold and silver have tumbled, in part due to news that the fiscal cliff negotiations between the White House and Congress have stalled, 3rd quarter GDP was higher than expected and many institutional investors of gold took some year-end profits. The big story though remains the…
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….
Gold Run Continues as Fiscal Cliff Nears
The U.S. Presidential Election is over – thank goodness – our attention is now fixed on what’s known as, “the fiscal cliff.” A little background on what the phrase fiscal cliff means. In the summer of 2011, the U.S. government had approached the borrowing limit, a boundary known as the debt ceiling. At that time,…
