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…
Copper Bullion – Does Investing Make Sense?
There’s no disputing it, copper is one of the modern world’s most vital resources. Its uses have become central to an infinite variety of domestic, industrial, and high-technology applications, and its demand is increasing by more than 575,000 tons annually and accelerating. Now, consider for a moment the fact that there is only so much…
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….
AOCS – The Bridge to a New Way of Trade?
Have you ever browsed our online store, come across a coin labeled AOCS Approved and scratched your head wondering what in the world that means? The American Open Currency Standard—widely known as AOCS—was developed to allow gold, silver and copper to be used in commercial trade and barter. (Coins that are AOCS Approved should not…
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…
Copper Bullion Investment Made Simple
It can be easy to forget about copper when considering an investment in precious metals. Unlike gold and silver, it’s rare to see a TV commercial promoting copper bullion products. And with a few clicks of the mouse, you’ll discover dealers rarely market or even offer copper coins and bars. Moral of the story? Strike…
