Recently, we added 1-oz silver coins featuring Dr. and Congressman Ron Paul to our inventory and the response has been overwhelming. Besides their purity, one important but overlooked feature of these coins is that they meet the criteria set forth by the American Open Currency Standard, or AOCS. What exactly is AOCS? The American Open…
Famed Broker and Forecaster Peter Schiff Calls for Much Higher Gold/Silver Prices
In the wake of coordinated action taken by central banks around the world, famed broker Peter Schiff of Euro-Pacific Capital says this action is like a big ‘bell’ ringing for investors to buy gold, silver and bullion in general. Specifically, the U.S. Federal Reserve and other central banks in Europe and Asia reduced (…yet again)…
How Much Would Gold and Silver be if the Dollar were 100% Backed?
As you know from our prior commentary on the matter, the U.S. dollar used to be backed by gold. Up until the middle of the 20th century, gold and silver were used as currency for common items. A recent article we found fascinating examined the question of what would gold and silver prices be if…
European Debt Crisis Could Threaten Dollar & Push Gold Higher
Anyone who’s keeping tabs on economic news has certainly heard of the ongoing debt crisis plaguing Europe. Many countries in the Eurozone (…countries that comprise the European Union) have staggering debt levels, some of which are well over 100% of the entire country’s Gross Domestic Product (GDP). Problems in Greece have been ongoing for quite…
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…
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….
