We spend a lot of time here at Provident Metals emphasizing the importance of preparation, especially considering current circumstances here in the U.S. and around the world. Financially speaking, buying gold and silver bullion is what many recommend to both protect, and even grow your wealth. Over time, even the most skeptical of naysayers even…
Gold Up Five Days In a Row – Is Correction Over?
In our last market update column, we reported how the price of gold and silver had dropped significantly – and rather quickly. With gold dropping nearly 20% to around $1600 per ounce and silver off the same to just under $30, many were starting to question the metals’ status as a safe haven. As we…
Determining How Much Your Junk Silver is Worth
Junk silver coins – broadly defined as silver coins whose value is based strictly on silver content – is a popular, and inexpensive way to buy silver. Junk silver coins basically consist of former legal tender coins that are no longer being produced. In the U.S., a large bulk of junk silver consists of half-dollars,…
Measures of Inflation – Understanding the CPI
If you were to ask 100 people on the street what inflation is, you would either get a blank stare or they would say it’s ‘rising prices’ for goods and services. Historically though, this definition is incorrect…rising prices are a symptom of inflation, which is more accurately defined as an increase in the money supply….
Closing the U.S. Gold Window – 40 Years of Worldwide Paper Money
40 years ago this past Monday, the final link between the U.S. Dollar and gold was severed by President Richard Nixon. Since, the dollar has freely floated against other currencies. Up until that time, gold was exchanged at a fixed rate of $35 per ounce as setup under the Bretton Woods Agreement following World War…
Gold Reaching New Records Daily, Silver Back Above $40
As the dog days of summer continue, gold and silver have seen tremendous activity to the upside in the past month and especially in the last week. At the time of this writing, gold has shot up another $30 per ounce and is approaching $1670…silver is back above $41. (Remember this spring and silver’s brief…
