Interest in precious metals – particularly gold and silver bullion – has exploded in recent years. Precious metals’ prices have been tremendously resilient, and growth in comparison to traditional financial vehicles like savings accounts, CDs and stock investments, has been remarkable. Investors however, often overlook the growing potential of platinum bullion, an oversight that may…
Happy Thanksgiving from Provident Metals!!
We wanted to take a moment and wish all of our valued readers and customers a Happy Thanksgiving!! Each year, we celebrate this wonderful holiday with family and friends, giving thanks for all of the joys and good things in our lives. Whether you’re traveling or staying home, be safe and enjoy your time with…
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,…
Despite Losing Some Gains, Gold and Silver Hold On Strong
As we head into the final quarter of 2012, it’s time to take stock of what’s going on in the gold and silver markets. In the third quarter—August and September specifically—both metals saw tremendous gains from their summer lows. At the beginning of the third quarter (July 1), gold hovered around the $1600/oz mark for…
Outlook for Platinum Bullion: A Solid, Long-Term Investment
Many of our blog posts center on gold and silver. Indeed, they tend to be the most popular (and readily available) precious metals on the market. But we don’t want you to think we only have eyes for silver and gold. Quite the contrary. In fact, as experienced investors increasingly turn to platinum to diversify…
What the Fed Isn’t Saying: The (Unintended) Consequences of Quantitative Easing
In our last two posts, we touched on the Federal Reserve’s controversial decision – to purchase $40 billion in mortgage-backed securities every month for an indefinite period of time – and the effect it’s having on the gold and silver markets. News coverage on the monetary stimulus seems to be centered primarily on what the…
