In our last market update, we discussed the current state of the gold and silver markets, and how they’ve experienced a slight uptick since both the metals’ lows. For months, gold seemed to languish in the $1600 range, while silver hovered around $28 per ounce. Many wondered what in the world was going on, while…
The Self-Directed IRA: Reduce Taxes while Investing in Precious Metals
An Individual Retirement Account – commonly called an IRA – is a unique investment vehicle specifically tailored to saving for your retirement. Looking to their Golden Years, many Americans prefer IRAs because of the countless tax advantages they provide. In simple terms, an IRA allows the account holder to deduct their annual contribution from their…
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…
Copper Outpacing Gold, Silver in 2012
For the gold and silver markets, the year has been tumultuous at best, with an anemic 0.9% rise in gold futures and a 2.5% decline in silver futures. Copper on the other-hand has risen about 2.7% since the end of last year! A recent report from MarketWatch gives some perspective on why copper may be…
Premiums for Bullion – Getting the Most Bang for Your Buck
When shopping for bullion, it’s pretty easy to determine the premium of the specific item you’re looking at. The premium is the amount at which something is valued in addition to that particular bullion’s spot price. These costs are a result of numerous factors which are primarily demand driven and vary on a per product…
Jim Cramer – Buy and Hold Gold, Don’t Trade
After a few weeks of consistent gains, gold took a 4.3% nosedive this past Wednesday. This may have some wondering if it’s a good time to sell, or is it a good time to buy? According to TV personality and co-founder of TheStreet.com Jim Cramer, investors should be buying and holding gold and not trading…
