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,…
How To Tell If Gold’s Bull Run is Ending
One debate that’s constantly raging is whether gold is in a “bubble.” Is the precious metal overpriced and due for a major, long-term correction? Or are the periodic pullbacks in gold prices a normal part of any long-term bull market? The position of gold “bears”—those who believe gold has reached the end of its bull…
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…
The Bulls Are Back: Several Factors Lead to Gold and Silver Rally
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…
