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…
Happy Thanksgiving from Provident Metals!!
We wanted to take a moment and wish all of our valued readers and customers a Happy Thanksgiving!! Each year, we celebrate this wonderful holiday with family and friends, giving thanks for all of the joys and good things in our lives. Whether you’re traveling or staying home, be safe and enjoy your time with…
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…
House of Representatives Overwhelmingly Passes Fed Audit Bill
H.R. 459, better known as the Federal Reserve Transparency Act of 2012 (…or Audit the Fed), has passed the full House of Representatives by a vote of 327-98. Passage of the bill represents a crowning achievement in the career of Congressman Ron Paul, the bill’s author. For decades as a congressman and 3-time presidential candidate,…
A Six-Figure Income Isn’t What it Used to Be
In decades past, the magic 6-figure salary was (…and still is) a monumental accomplishment. Individuals and families with earnings over $100k per year often had two nice cars, a nice home, took good vacations and still had plenty left over to save for the kid’s college and retirement. But inflation (…or rising prices) has eaten…
Are Gas Prices Really Higher? Hardly…
Hardly he says – we can imagine a few will do a double take on our assertion there. But after reading a piece in Forbes Magazine and thinking about the precious metals we’re involved with day in, day out, it makes complete sense. Anyone knows that gas is expensive. Any rise in price is noticed…
