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,…
How To Tell If Gold’s Bull Run is Ending
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…
