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…
What the Fed Isn’t Saying: The (Unintended) Consequences of Quantitative Easing
In our last two posts, we touched on the Federal Reserve’s controversial decision – to purchase $40 billion in mortgage-backed securities every month for an indefinite period of time – and the effect it’s having on the gold and silver markets. News coverage on the monetary stimulus seems to be centered primarily on what the…
Gold and Silver See Slight Uptick in Waning Days of Summer
Summer is winding down, the kids are returning to school, and gold and silver are trending up! Over the last several months, it seems to the untrained eye that these popular metals have taken a real beating and their best days are behind them. One year ago, gold jetted above $1900 per ounce and seemed…
Why are Premiums for Copper Bullion So High?
To further our discussion about copper as a viable investment option, we wanted to touch on a recurring question we get at Provident Metals. Most people know that precious metal coins and bars come with premiums attached. In other words, the actual price you pay for a silver coin (like the American Silver Eagle, for…
