January 2012 Archives

Gold Bounces Back on Iran Fears and Weak Dollar

Following Iran’s announcement that it had inserted a domestically produced nuclear fuel rod into its atomic research reactor, gold and silver prices spiked significantly.

On Tuesday, gold prices reached $1,600 an ounce at the Comex division of the New York Mercantile Exchange, a ten week high. Silver also moved upward to a five month high as a continuing decline of the dollar inspired a commodity rally.

Adam Klopfenstein, a market strategist at Archer Financial Services Inc. in Chicago, told Bloomberg the “fear trade” is back because of events in Iran. “Also, we are seeing buying across commodities because of the weaker dollar,” he said.

“Iran’s nuclear plans have raised fears that it is getting desperate and will take some drastic step,” Gnanasekar Thiagarajan, a director at Commtrendz Risk Management Services Pvt., said in Mumbai. “More sanctions are expected from the US and other nations. This will have a positive impact on gold prices as ideally people would try to buy gold.”

The new year rise in precious metal also follows the most recent Federal Reserve announcement. The Fed indicated it will begin to publish policymakers’ projections for its benchmark interest rate on overnight loans.

“Accommodating monetary policies throughout the developed world cause a renewed migration to hard assets by individual investors and sovereign-wealth funds,” Byron Wien of Blackstone explained.

According to minutes from the last Federal Open Market Committee meeting, a significant number of Fed officials agree economic conditions warrant a further “easing” of monetary policy.

Stubborn interest rates at or near zero are bullish for the gold market.

Article written by Kurt Nimmo
Infowars.com
January 4, 2012

Consequences of Collapse: Access to Critical Medicines Is Disappearing in Greece

When a nation goes into economic crisis the paradigm to which its people have become accustomed begins to deteriorate. Access to critical supplies becomes difficult, sometimes immediately. In the case of Greece, which has been dealing with a loss of confidence in its debt instruments and economic policy, the collapse of life as Greeks know it has taken place over the last several years.

While we have been fortunate enough to avoid as severe a calamity here in the United States, many of the forecasts put forth by ourselves and others regarding the effects of an economic collapse are already taking place in Europe, namely Greece. In the midst of the Greek panic in 2010, for example, as Greece’s meltdown was in full swing and the people scrambled to get out of paper currencies, the price of gold, which was trading for around $1100 an ounce in the global commodity exchange marketplace, soared to over $1700 an ounce on the streets of Greece. In recent months, as Greece implements austerity measures and the unemployment rate sky rockets, its people have lost the ability to engage in traditional commerce because, simply put, they have no tangible income or money to do so. As a result, we’ve begun seeing a barter society emerge all over the country, making it possible for some people to directly exchange labor for consumptive goods and service.

When things get bad – and they will – the most essential items necessary for survival will disappear first. As currencies collapse, financial market destabilize and economies come to a standstill, critical supplies like food and medicine will become difficult to acquire at any price. This is exactly what is now taking place in Greece, where access to life-saving drugs and even common over-the-counter medicines like aspirin is becoming a tragedy where the losses will be measured not in Dollars or Euros, but lives.

Read more of the article written by Mac Slavo
SHTFplan.com
January 12th, 2012

Recent Gold Silver Prices


Earn Silver

Any time you are considering the buying latest gold silver prices, there are many essential parts of information you should know in advance of investing. Silver has noticed a phenomenal rise recently, utilising the expense just $7.50 per ounce in 2008, rising to nearly $50 earlier this year, just before settling to $30 for the end in the year.

Anyone who 3 many years ago had the insight to look at the up-to-date silver and gold prices were cheap could well be thinking about a 6 fold turnover on his original investment. Certainly, in 2008 you’d have required to have phenomenal insight to understand that a silver boom involved happening, yet these elements could be predicted.

Despite the fact that it’s tempting to look at that any person who invested only agreed to become lucky, the phenomenal rise is actually a deliberate place in the investment cycle. When silver was just $7.50, no-one believed that it would rise loads in such a short time on its own – every body just thought it could possibly stay at that price. Even so ‘smart money’ or influential organizations with a great deal varied dollars have been accumulating silver without raising a lot of public notice. They’d be buying in small amounts so to not increase the amount, but to gradually improve their own stocks. Following a time, this ‘smart money’ could be informing institutional traders for example large hedge funds and pension funds to purchase silver – after which with their combined would possibly start buying of silver in droves – this could start to propel the amount into the public eye, and overwhelm anyone advertising silver.

One particular this phenomenal cost increase is in the public eye, there’d be media advice to buy silver, and also the public would start to order current gold silver prices heavily. The ones that got in with the start started to generate cash and see their investments increase, and they would tell their friends. Regardless if they sold for any decent earnings, they would see a rise could be so meteoric they missed and feel that they sold far too early, and plough profits back in for the huge total price. At this stage after all, the smart money has stopped buying, it is selling and making vast profits. Time comes once the institutional traders realize the smart cash is selling, and they very begin to provide, resulting from the marketplace to peak and start to fall. When this happens, initially the public see this as being a bargain and send the expenditure up slightly in advance of they realize the traders making use of the revenue to prop the market place up are promoting as quickly as they can – which will cause a climate of panic promoting.

The current gold silver prices then quickly falls, as being the public who have invested in silver at a far high selling price sell for the loss as they believe which the bottom has fallen out. At this time, the media are announcing that silver is absolutely a bad investment, and fueling the panic. This panic returns prices into a low value, which is here, where smart revenue gets another opportunity to purchase all over again at a low rate to start the cycle once once more. Once you are contemplating buying silver it’s smart to know the perfect time to shop for and market.

Searching for news and investing advice that you simply can count on? Well turn to us for price of gold Come across all your investing wants about topics such as gold prices silver prices and so considerably much more at this time!

2012 United States Mint America the Beautiful Quarters Silver Proof Set

In 2010, the United States Mint launched the America the Beautiful Quarters® Program, a 12-year initiative with 56 quarter-dollar coins featuring reverse designs depicting some of our most cherished national parks and other national sites. Under this program, the United States Mint will issue five new quarter designs per year, with one final design in 2021. The third year of the program, 2012, features the third five quarters in the series.

America the Beautiful Quarters Silver Proof SetWith each coin struck in lustrous 90 percent silver, also known as “coin silver,” the 2012 edition of the United States Mint America the Beautiful Quarters Proof Set features the third release of five quarters in the America the Beautiful Quarters® Program.

In 2012, the sites being featured are El Yunque National Forest in Puerto Rico, Chaco Culture National Historical Park in New Mexico, Acadia National Park in Maine, Hawai’i Volcanoes National Park in Hawaii and Denali National Park and Preserve in Alaska. Each quarter bears the “S” mint mark of the United States Mint at San Francisco.

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