There are times when a certain asset or investment is all the rage. Then one day, bam, the bottom falls out…economists, analysts and investors refer to this as a bubble. A bubble is precisely what occurred in the real estate market in the last decade. It also in fact occurred in the gold markets back…
Gold Hits 4-Month Low Following Euro Slide
For a short bit Tuesday, gold slid 2% to below the $1600 mark. The drop marks an 8-month low for the yellow metal. Silver too was beaten by day’s end. As of 5:00 PM Eastern on Tuesday, it was down to just below $29.50. Even though it seems gold has been stuck in a rut…
Can I Really Drive from Atlanta to Orlando for 2-Ounces of Silver?
Much of our interest in silver is driven by its comparison to paper U.S. Dollars. A few months ago, we wrote a post about a gas station in Oregon accepting 90% junk silver quarters and dimes. In that commentary, we explored the relationship between silver (…or commodity backed money) and the fiat dollar and found…
Gold & Silver Tumble to 3-Month Lows on News from Fed
Following news that the Federal Reserve is ceasing its economic stimulus program known as Quantitative Easing, the gold, silver and even equity (stock) markets took a tumble. Gold in fact dipped 4.2% to a 3-month low while silver was off by about 2% this past Wednesday, April 4th. This announcement from the Fed is seen…
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…
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)…
