Why is Junk Silver valuable today? When we hear the word “junk,” the image of a valuable silver coin doesn’t immediately come to mind. The word “junk” is typically considered a negative adjective – “my car is a piece of junk” or “I’ve got to clean up this pile of junk.” But when we’re talking…
Silver Market Technical Analysis: Low Trendline Suggests Rally
Some investors prefer silver bullion to gold for several key reasons. Lower cost, ratio-to-gold prices, and a high industrial demand are the most common. Yet like gold, silver has struggled in the first quarter of 2013, sliding more than seven percent since the first of the year. Many would argue silver is in a bear…
Effects of Inflation Grossly Underreported, Experts Say
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…
Silver: Nowhere Near Its Peak
In the perpetual battle of silver bull vs. bear, some say the bear has the upper hand. At least for right now. Many analysts and investors point to silver’s April 2011 surge to nearly $50—and the subsequent correction—as proof that silver’s long, secular bull market, which began in 2002, is officially over. Some naysayers even…
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….
The Amazing Purchasing Power of Silver – 1964 vs. Today
Most of us have either told or heard those tales of yesteryear about how you could get a hamburger for a dime, or a gallon of gas for a quarter. This was the reality in 1964! Of course, these nostalgic facts become a bit slanted once you take income into account – in 1964, the…
