Historically, silver has been considered a second-tier precious metal. Valuable for sure, but not as prized as its yellow cousin. Yet according to recent market trends, precious metal investing seems to have a new silver lining. In a recent forecast of the 2013 and 2014 markets published by the Silver Institute, financial consultancy Thomas Reuters…
Fed Says Tapering Could Happen ‘In Coming Months’
Highlighting the FOMC’s October meeting was talk about quantitative easing, which comes as no surprise. What may come as a surprise is that policy makers were pondering a date in which to begin tapering from its current $85 billion monthly rate, meaning tapering could happen sooner rather than later. Nine of 10 Fed members voted…
Gold and Silver for Hanukkah
In Jewish tradition, families give “gelt,” or money, rather than gifts for the 8-day celebration of Hanukkah. Handing out gelt for Hanukkah is a way to teach children the importance of charity, as the custom originally evolved as a way to ensure poor families had enough money to purchase the holy candles needed to celebrate…
Yellen Talks Gold at Senate Hearing
Fed Chair nominee Janet Yellen spoke briefly about gold prices today during the Q&A session with the Senate at her confirmation hearing. After the opening statements and answering questions regarding employment, quantitative easing and the monetary policy, Senator Dean Heller of Nevada asked Yellen if she knows why gold prices fluctuate and if the economy…
LBMA Good Delivery — So What?
It’s one of those terms that shows up sometimes in conversations about precious metals, or buried in product descriptions: LBMA Good Delivery refinery. But what does it mean? The LBMA is the London Bullion Market Association. It’s an international trade association for those involved in the bullion investment market–particularly gold and silver–and includes refiners, dealers,…
O Canada! Your New Home for Bullion
After countless years of waiting — and being forced to pay unreasonably high shipping fees to have gold and silver mailed from the United States to Canada — investors north of the border can now purchase their favorite bullion coins and bars, thanks to the launch of our new subsidiary, Provident Metals Canada. Visit Canada.ProvidentMetals.com….
