Silver Prices

Kansas Legal Tender Act

Silver Eagle

Representative Michael Capps recently introduced HB 2285, the Kansas Legal Tender Act, into the state House and it is now in the House Committee on Taxation. This bill provides for sales exemption from and modification for sales of specie legal tender. 

Silver EagleKansas currently burdens you with sales taxes if you buy precious metals, and then charges capital gains taxes when you sell those same precious metals.  Passage would pave the way for Kansans to use gold and silver in everyday transactions and would remove sales tax when exchanging specie. Since money itself is not taxed, it only stands to reason you should not be taxed when you trade one currency for another.

The Kansas Legal Tender Act would end this unjust taxation!

Utah became the first state in over 80 years to pass a law making gold and silver coin legal tender in 2011.  The legislature followed up, approving a bill clarifying several tax measures and more importantly, expanding the definition of specie to include gold and silver coin approved by the state. Oklahoma, Alabama, Wyoming, Louisiana and Texas have also passed legislation recognizing gold and silver as legal tender.

I believe this legislation is justified by the United States Constitution which states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” States have simply ignored this constitutional provision for years as the Federal Reserve monopolized currency with their Federal Reserve Notes.

The U.S. Constitution established biblical commodity money as the only lawful medium of exchange in America and empowered Congress to coin silver and gold coins the values of which are to be “regulated” using a fixed standard of weights and measures. The value of the US dollar represented a certain equivalent weight in silver and could be redeemed in silver coins. The Constitution did not authorize printing paper money (Bills of Credit) – or Federal Reserve Notes circulating as money today. Only gold and silver coins were considered legal tender as a standard of payment.

Legal Tender

Congress adopted the Legal Tender Act of 1862, compelling people to accept paper notes in payment, and thus began circulating the first national United States currency. These bills of credit were known as Legal Tender Notes because of the inscription on each obverse face stating “This Note is a Legal Tender.” Legal tender or forced tender is payment that, by law, cannot be refused in settlement of a debt.

Remember, the U.S. Constitution prohibits any government from issuing what the Founding Fathers called “Bills of Credit” (and what we today would understand as paper currency redeemable in silver or gold), and outlaws any form of “legal tender” except silver and gold coins.

Art. I Sec. 10 Cl. 1, states, in part: “No State shall … coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; …”

This departure from the Constitution resulted in just as Frederic Bastiat predicted…

“When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.” – Frederic Bastiat in “The Law”

In 1868 the Supreme Court unanimously said that nothing other than coined money had been recognized by the legislation of the national government as lawful money. (Bank vs. Supervisors, 7 Wallace, p. 30.) In Hepburn v. Griswold (1870), the Supreme Court found the acts creating the greenbacks to be unconstitutional, ruling that forcing a creditor to accept payment in inflated currency was a violation of the 5th Amendment, protection of property under due process. That decision was later reversed following the appointment of two new judges by President Ulysses S Grant.

 

 

Thoughts on 90% Silver Coins vs. Silver Bullion

While the accumulation of 90% “junk” silver is popular among many people, this guy in these video’s presents some interesting thoughts to consider as we try to protect ourselves with silver bullion.

Apart from the debate over 90% silver coins vs. bullion silver, I thought it important to note he talks about the changes made in laws (Financial Regulatory Reform Bill and Healthcare Reform Bill) making coin dealers fall into the same category as banks and other financial institutions.

It would seem to me the government is preparing to close the doors on silver investors from accumulating government issued silver coins. If we’re going to accumulate silver eagles or other denominated 90% silver coins, it might be best to accumulate those coins before January 1, 2012 when coin dealers will then be required by law to report to the IRS your silver purchases.

Hello? Can you see the door closing?

Since January 1, 2012, the federal government has the authority to implement price controls on what coin dealers are allowed to give you for your denominated silver coins. It seems to me this is a pretty good argument for not accumulating ONLY denominated silver coins, but to also own silver rounds and silver bars.

Of course, I don’t know what the federal government might do in the future. These ideas are just something else to think about.

Silver’s On Fire…But For How Long?

Have you seen the price of silver the past few days?

silver kilo barYep, it’s going up with prices hitting another 22-month high near the $20 level.

Many pundits are saying the price increase of silver and gold are a reaction to the Brexit vote, where Britain voted to leave the EU.  I, on the other hand, think the price increase is because… wait for it…

That’s what silver does.

Prices go up, and prices go down.  It really doesn’t matter to me.  What’s important is that you should be accumulating as much of the precious metals as you can.  There will come a time when the currency crisis hits a point where the price for silver and gold will go astronomical.

One nice feature of accumulating silver and gold with OwnX is that every so often, I will exchange some of what is in my depository for physical metal.  I think it’s important to be diversified in my holdings, and having physical metals is a real comfort.

Create your OWNx account to gain access to direct ownership of physical gold and silver today.

San Diegans value chocolate more than precious metals

Given the choice between a free Hershey bar and a silver bar worth $150, people on the streets of San Diego chose the chocolate bar – another jaw-dropping illustration of how ignorant Americans are when it comes to precious metals.

Mark Dice’s previous video showed him attempting to sell the 10oz silver bullion for as little as 99 cents, with no takers. This time San Diegans didn’t even show an interest in receiving the silver for free, choosing the chocolate bar instead every time.

“I’ll take the chocolate bar,” says one woman as Dice tells her, “who needs a 10 ounce bar of silver, right?” as the woman physically recoils from it.

“Who needs a 10 ounce bar of silver when you can have a good delicious bar of chocolate, right?” Dice tells another man who responds, “Yeah, exactly!”

“The Hershey bar, I can eat it, I can’t eat the silver bar,” remarks another man as he choose the chocolate over the bullion.

Another woman chooses the Hershey bar, commenting, “I’m a girl and it’s been a cranky day.”

A man in a cap then sardonically asks, “silver?” before taking the chocolate bar.

A woman wearing sunglasses remarks, “I don’t have a way to do anything with the silver,” presumably unaware that she could exchange it for $150 at a coin shop just a few feet away. Ironically, the woman then becomes preoccupied with whether or not the Hershey bar is real.

“Is it real? It doesn’t seem real,” states the woman, to which Dice responds, “I mean we could go into this coin shop, we could verify this silver bar as real.”

“No, that’s alright,” responds the woman.

As precious metals specialist Addison Quale wrote in response to Dice’s previous silver bar video, “Americans have been tricked into believing precious metals are not valuable.”

Quale writes that the video illustrates how central bankers have created an “uninformed, uninterested, ignorant and pliable citizenry they can lead around by the nose,” having “essentially convinced the populace that gold and silver coins are ultimately impractical and just too old-fashioned” while making them firmly believe that promissory bank notes and certificates represent real money.

Article written by Paul Joseph Watson, InfoWars.com

Selling a 10 oz Silver Bar for $10

Had this guy had offered me what he has… I would have snapped it up in a New York minute. I’ll bet most of the readers of this blog would too.

Gold and silver coins legal tender in Oklahoma

The U.S. Constitution (Article I, Section 10) provides for individual states to recognize gold and silver coins as payment for all debts. Last Wednesday, Oklahoma joined Louisiana, Texas, and Utah in exercising their Constitutional right to grant U.S. minted gold and silver coins legal tender status.

Bartering with gold or silver coins is legal in all states. However, states with legal tender recognition make it much easier for citizens to receive payments or pay bills in gold or silver. Legal tender status means no state or local sales or income taxes apply to transactions involving gold and silver American Eagles (and certain other U.S. coins).

At the federal level, capital gains taxes would still apply on coins whose value has appreciated in dollar terms.

What’s needed to allow gold and silver to compete on a level playing field with the U.S. fiat dollar is what Oklahoma has done at the federal level. Until then, we as individuals can help undermine the dollar’s undeserved and highly abused monopoly status by pressuring our state legislatures to declare gold and silver legal tender.

Gold And Silver – Central Bank Death Dance

Here’s a powerful article you really need to read.

Gold and silver are lagging in price not because of the true demand situation, or even the dwindling supply/default on physical delivery circumstances. The question no one is asking is why are central banks and their servant governments doing everything possible to preserve the soon-to-be-devalued dollar?

If gold and silver were allowed to reflect their true worth, it would totally undermine the existence of the dollar and topple central bankers and governments. Those bankers won’t go down without a fight, and they will destroy existing western currencies in the process. If the paper dollar is how you measure your worth, you have been warned.

Read Gold And Silver – Central Bank Death Dance, Part I

Silver’s very bullish three-decade chart pattern

GoldMoney founder, Free Gold Money Report editor, and GATA consultant James Turk plots the long-term price of silver and reports a bullish new twist. Turk’s commentary is headlined “Silver’s Very Bullish Three-Decade Chart Pattern” and it’s posted at the FGMR Internet site.

Embry expects overnight transformation of monetary system

Interviewed by King World News, Sprott Asset Management’s John Embry says he has begun to expect an overnight transformation of the world monetary system and, with it, an overnight revaluation of gold. Embry also remarks at length about the false propaganda emanating from most major governments about their economies and policies. The interview is excerpted at the King World News blog here.

Are Silver Prices Rigged?

Every market is manipulated these days, Outsider Club editor Adam English writes, and none is rigged less than silver is, thanks to JPMorganChase & Co.

English’s commentary is headlined “Why Is Silver Manipulation So Absurd? Silver Prices Are Blatantly Rigged” and it’s posted at the Outsider Club’s Internet site.

Gold And Silver – Purely a Mental Game Right Now. Do Not Blink

“Water, water everywhere, nor any drop to drink… There is a similar situation with regard to fiat paper everywhere, but not a gold delivery to be made. The delirium cast by central bankers issuing unlimited fiat has kept so many people in a fiat-induced fog, unable to see clearly. The fog has lifted. It is all a game. See the fraudulent scheme for what it is and then fear no more. It is just a matter of time before everything unravels, as it surely is.”

“The price of gold and silver are closer to a bottom than a top. The QE-Infinity is closer to a top and will collapse under its own ‘goldless’ weight. The PM holders are on the correct side of history. Understand that it has been one of the bigger world scams played by the central bankers, the illuminati who believed themselves untouchable, beyond the scope of comprehension by the non-banking world.”

“Stop buying into the scheme of the moneychangers. Their time has come, and it is but a matter of time. They are playing with everyone’s mind, doing everything possible to destroy the gold/silver markets, committing self-destruction in the process. They are making every attempt to discredit the barbaric metal that cannot be eaten, that pays no dividends, but somehow survives as the most reliable measure of accepted value.”

“This is all taking much longer than many expected. One need not be religious to keep the faith, for the reality of owning the physical will not disappoint. The ultimate facts are on the side of PM holders.”

Read the complete article by Michael Noonan

Is Silver Headed To $5/oz?

Is Jason Hommel saying silver is headed to $5 per ounce?

I don’t think so. Hommel is just kidding.

In fact, he says, there is no explanation for the drop in silver and gold prices, other than the standard “manipulation” by the banks who trade in futures contracts.

CashThe oceans of currency being printed by the US are not yet flowing to silver. But they will, and then silver prices will rise sharply.

Interest rates have been manipulated for years now, and because it would be lunacy to bankrupt American business, they cannot be allowed to rise to compete with gains in the precious metals market in order to stop the bull market in gold and silver.

The bond market is huge—in the $20 to $50 trillion range. If interest rates rise, bond values go down. In a collapsing bond market, bond investors will move to protect their trillions, and opt for gold and silver.

The world’s central banks and Western governments cannot let markets naturally purge themselves, as the markets are too grotesquely out of balance and mismatched in size.

But they can’t keep interest rates low forever, either, because real rates are now negative, with interest rates well below the real inflation rate. People are being paid to borrow money: That is uneconomic, and unsustainable.

Imagine if interest rates went over 20% like the last time they were allowed to rise, in 1980, to contain gold prices. Seventeen trillion dollars in debt financed at 20% would be something like $4 trillion per year in debt payments alone.

That kind of currency printing to pay bondholders would be highly inflationary, driving silver prices well beyond $1,000 per ounce. Thus, the bull market in gold and silver is far from over.

Hommel expects silver to head past $75 in the next year or two. Now is the time to sell bonds, real estate, and currencies, and buy silver. Buy on the dip, while you still can.

Read the complete article here.

Silver at bargain basement prices… stack it now.

Wow… have you seen the price of silver today? Under $20/oz.

Seems to me to be a great buying opportunity if you can find any.

silverPaul Stramer wrote on his blog today, “Now this morning the banksters are driving the price of silver down UNDER $20 per ounce. What could their strategy be? Simple. The only people playing the over inflated stock market are the big banksters, and they are getting ready to get out of the stock market altogether. They need someplace to put those funds, and they are creating that place to go by manipulating the price of precious metals.”

I’ve believed for many months now the rise in the stock market has been a calculated manipulation before the big crash.

Stramer wrote, “This has happened before. Look at 2007 and 2008. The stock market broke new all time records then at over 14,000 points, and silver was selling for less than $10 per ounce at one point. After that the stock market crashed, the big boys having vacated the market, and what happened to silver? The price bounced off of $50 at least for a few days, and has been gradually coming down since.

They are getting ready to do it again, with the stock market again at a record high of over 15,000 points.

They are manipulating silver to create a place to jump too just before the crash that they know is coming.”

Constitutional Money May Return to Kansas

I was excited to see the following article published in the online edition of The Hutchinson News. It is another indication that some people understand the U.S. Constitution and want to return our money to a Constitutional status.

Gold, silver bullion coins could be legal tender in Kan.

Kansans who want to purchase gold and silver bullion coins, to be prepared in the event inflation eats the paper dollar’s value, could find it easier under pending state legislation.

House Bill No. 2379 states gold and silver bullion coins issued by the federal government would be legal tender in Kansas. Sales of such coins would be exempt from sales tax.

Testifying Tuesday before the House Taxation Committee on behalf of the bill will be representatives of the Washington-based conservative think tank, the American Principles Project.

The American Principles Project “promotes gold-backed monetary reform at the national and state levels,” according to its website.

“This is legislation that we have worked on in other states,” said the American Principles Project’s director of economics, Rich Danker, who will be coming to Topeka.

About half the states don’t have sales tax on gold and silver coins. If classified as money, the coins could not be taxed, he said.

In part, Danker said, it’s a competitive issue.

“It would likely encourage more coin dealers and conventions in the state,” Danker said, if the sales tax was removed.

The American Principles Project, though, is not working on behalf of coin dealers but sees a larger issue at stake.

Silver and gold will give people a way of saving and transacting business that would not lose value the way a paper dollar can, he said.

“We think it’s about sound money,” Danker said.

Sellers would not be required to accept payment in gold or silver coins, just as they can stipulate what types of payment – for example, no personal checks – they accept now.

“We’re really encouraged by the support in the Kansas Legislature so far,” Danker said.

Freshman legislator Rep. Travis Couture-Lovelady, R-Palco, was instrumental in the introduction of the bill.

The American Principles Project’s policy director, Jeffrey Bell, who has worked to elect Republican presidential candidates, will be in Topeka, too, for the hearing.

Coin Values

So, you’ve got some silver great coins?  You’ve been collecting coins for a few years right now, and you have amassed a good selection of Buffalo coins, some bullion coins, a few error coins, along with a whole bunch of Morgan and Peace dollars.

Are you aware of what your collection will probably be worth?  What it’s gold and silver coin values are?  What it’s worth is to other coin enthusiasts?

Gold and silver coins are actually used as currency for a lot of years.  The very first acknowledged coins were first made about 700 B.C.  That’s eons ago!  Still, we have need of precious metal coins, as well as a need to collect them.

You see, even in today’s society where we exchange paper currency for products and services…  Silver and gold is still a real trading commodity.  The truth is, once when our paper currency have been just gold and silver certificates backed by authorities and finance institutions.

These days we don’t mint many coins in gold and silver, and the coins we do mint in silver, gold, palladium and platinum are generally gathered for his or her numismatic coin values instead of exchanged for products or services.

Instead of using a silver coin to buy a Coca-Cola…  You would use a modern-day quarter made from copper and nickel, and you also would save your valuable silver coins for a longer term expense.

But how can you confirm your coin’s value?  Coin values vary greatly!  And first thing which assists to figure out your rare metal coin values is the economy.

When the economy is doing good, then, the price of the dollar to the cost of precious metals is less.  Even so, when the economy is going through tough times, such as a recession, coin worth will rise in cost as the spot cost of precious metals rise in price regarding the dollar.

Thus, many people choose to sell their bullion coins throughout tough economy periods.  This means you’ll have an abundance of coins to include in your gold or silver portfolio.

Though the spot value of silver or gold is not the just aspect in finding out coin values.

As an illustration, coin worth depends on whether or not a coin is certified or not.  If a silver coin is licensed by a respected company and rated for it’s perfection, then, it requires a greater premium over uncertified coins.

One example is a PCGS certified 2000 American Silver Eagle that is graded MS70.  This coin could be worth more to a coin hobbyist than both a lesser graded Silver Eagle, or even a Brilliant Uncirculated Silver Eagle.

Another determining factor of coin worth is the supply available and the demand for that supply.  It’s business 101!

Here’s an illustration.  Not long ago on eBay a 2002 American Silver Eagle certified to become MS70 along with a First Strike edition bought for $9,000.  Right now, the spot expense of silver was just about $35 during the time, but this coin exceeded WAY beyond that.  Why?

Well, due to the fact there have been only 17 coins that year chosen as First Strike by NGC and graded MS70.  The supply was minimal BUT demand was great!

As mentioned earlier, there are various reasons to figure out your coin values, but if you do a little research into what are the spot value of your precious metal is And discover the quality of your coins…  Then, you’ll have greater comprehension of it’s value.

Silver And Gold Prices Per Ounce: What Goes Up Needs To Come Down

It happens to be currently really critical for investors to think about buying each silver and gold. In September 2010, gold climbed to some record $1,296 spot selling price per ounce. Silver also continued its steady gain, reaching $21 per ounce. An economic investment source, Arabian Income, predicts gold to gradually rise in worth to $5,000 within another three years. Considering that with the historic 15:1 ratio of your average cost of gold on the average price of silver, the gradual increase in gold worth may also result in an increase in the silver and gold prices per ounce from $21 per ounce to $315 per ounce in three many years.

Gold and Silver Versus Paper Currency

Gold and silver have grown to be good investments for the reason that of a continually weak economic sector and government action. The united states dollar’s decreased value when compared to Euro and concerns of excessive printing by governments has forced a large number of investors to make investments in commodities that have a proven ability to retain value. Due to the fact August 2001, gold has risen in value by $900 per ounce and silver by $14.50 per ounce. Gold is expected to pass $1,600 per ounce by the end of 2011 and silver will continue to shadow its rise in price during a period where slumping global currencies have made buying gold and silver a good quality investment. By investing in gold and silver relatively than paper currency, you’ll be able to expect to see a larger ROI in many years in the foreseeable future.

Factors that Influence Neglect the in Gold and Silver

As a way to maximize the return on your investment in silver and gold, you’ll have to have to understand all in the factors that could possibly affect the worth within your investment. These factors include the daily market spot price tag, the type of coin or bar you’re purchasing, and external economic data.

The daily marketplace spot silver and gold prices per ounce changes each day in accordance with demand and supply. For example, when the supplies of gold or silver were to rise in one day for the reason that demand decreased, the daily current market spot price tag would decrease. The daily sector spot price would possibly also fluctuate depending around the location of this commodity exchange you show up at. For instance, the spot expense inside US will probably vary from your spot expense in Japan.

The kind of coin or bar that you simply invest in will also have an effect around the price you pay when you make your purchase. This is because government fees usually cause the value of bullion coins and bars to end up being above the spot expense. Certified exceptional coins are also a great deal more treasured than the spot cost would indicate, owing to their rarity. For example, the price of evidence American Buffalo cash is currently $1,500 that could be 4-5% above the spot value of gold.

External economic data may also have a significant influence around the price ranges of silver and gold. Generally, the spot price of gold and silver such as gold and silver will increase during an economic downturn. The main reason being, as stock and bond investments dwindle appealing, investing silver and gold prices per ounce becomes significantly more appealing. As significantly more persons commit in important metals, the demands (and their selling prices) increase. It really is advisable to carefully watch external economic data for example stock indexes and also the Dollar Index to become in the position to plan the most effective time to make investments.

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Some Things to Consider Regarding Silver Prices

You have probably heard that gold and silver is a hedge against inflation. These metals have been used as a store of wealth for about 6,000 years, but did you know that silver has some unusual qualities? Lots of people do not know it, but silver is necessary for most of the electronics, solar power panels, batteries, medical devices, and antibacterial applications used today.

Silver is an important metal because of its rarity, but it can also be used as an industrial metal as in the above list. Some have predicted that silver will become even more rare in the future and according to the USGS (United States Geological Society), could be gone by 2020.

Gold is a valuable metal too, but gold only acts as a store of wealth with very few industrial applications. So, why is silver such a terrific investment? When you consider the silver/gold ratio, silver is an absolute steal considering that historically it has taken about 15 ounces of silver to get a single ounce of gold. Right now that ratio reaches about 55 ounces of silver to an ounce of gold. So, the ratio is way out of whack and really should go lower.

Lots of experts say the silver to gold ratio ought to be about 10:1. In other words, there should be about 10 ounces of silver inside the ground for every ounce of gold. The ratio is now 55:1, which is only kept here by market manipulators. Once the manipulation ends, silver will skyrocket. Keep in mind the amount of silver used in industrial applications continues to increase every year due to the growing demand for electronics. China, India, and other nations who are industrializing are putting a huge demand on already stretched silver sector.

A lot of economists think that silver might go to around $100/ounce, and long term predictions by some pros put silver at $500 and even $1,000 per ounce. If you are wanting to retain your wealth during a historic period of inflation, now is the time.

The public is largely kept out in the dark with regards to these silver price predictions. Allot of folks who were called crazy 10 yrs ago for saying to buy silver are actually getting praised for it now. Not long ago, the silver price was around $4.00 and ounce, and it is now hovering around $30.00.

This Weeks Silver Takedown Great Opportunity to Buy

One of my favorite sources for information about the economy, the markets, and especially the precious metals market is the Financial Sense Newshour with Jim Puplava who hosted a special series of interviews this week in response to the Leap Year “take-down” of gold and silver on February 29th of this week.

John Doody sees gold stocks as very undervalued and believes it’s the best buying opportunity since 2008. Kathryn Derbes sees a silent army of buyers placing physical gold and silver in stronger hands, as physical metals buying becomes more intense. David Morgan sees paper shorts losing control over the silver market, and also believes the gold/silver ratio will drop from 50 to 35 this year, favoring silver over gold.

At one point during Wednesday’s trading, gold was down more than $100, while silver was trading down $3. Both metals have since recovered approximately 30 percent due to bargain hunters stepping in at the sub-$1,700 and sub-$34 levels, respectively, in the gold and silver markets.

Eric Sprott told King World News that a staggering 500 million ounces of paper silver traded hands during the takedown in the metals this week. Eric Sprott, Chairman of Sprott Asset Management, had this to say about what took place the day of the plunge in gold and silver:

“I can only imagine it’s the same forces that for the last twelve years have been at work in the gold market, trying to keep the volatility very large on the downside. As you are aware, we hardly ever get days when you get an intraday $100 rise in gold. When we look back at what happened (on Wednesday) we saw huge sell orders in gold and silver.”

Eric Sprott continues:

“When I look at the silver market in particular, in a 30 minute span we had sellers of 225 million equivalent paper ounces, in a market that in one year the silver miners only produce 800 million ounces. So again, it’s the paper markets overwhelming the physical market. It’s stunning to me that on a day like Feb. 29th we traded 500 million ounces of silver.”

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.

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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