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Gold Price, Silver Price As Well As Silver Dollar Values Will Profit From World Mishaps!
I am sure it will most likely to take really a few weeks or even months to obtain the complete impact from the crisis in Japan. The initial surge in volatility will most likely pave the way for particular possibilities in precious metals and beyond. Any impetus coming from a renewed interest in commodities as the nation rebuilds will bring whatever trading is not boosted by fears from the total score of the disaster. It may not occur right away, but the world’s third biggest economy will restore itself like a phoenix and till then there’s feasible in these markets. Maybe not an improve in jewelry buying or something that may be deemed a frivolity, but investment option demand and provide creating in Read more…The Truth About Silver and Inflation
Silver futures surged today to a new 31-year high of $43.05 per ounce. Silver is up 146% since NIA declared silver the best investment for the next decade on December 11th, 2009, at $17.40 per ounce. All we need is for silver to rise by another 15.5% and silver will reach its all time high set in 1980 of $49.45 per ounce.Pastor Lindsey Williams: Nwo to Target ‘Yemen’ Next!
Lindsey Williams announced on the Alex Jones Show that the New World Order will be targeting the fall of Yemen next. Saudi Arabia will be last to fall in the Middle East thus causing oil prices to escalate from $150 to $200 per barrel. He also touches on the current devaluation of the US Dollar and the current gold and silver explosion in commodities. If you are able to… listen to this interview and research it for yourself.
Silver soars to 31-year high
Gold rose over 1 per cent to a near-record and silver surged Thursday as dollar weakness, inflation worries and a European debt crisis powered bullion to its biggest one-day gain in about seven weeks.
Silver futures soared to their highest since 1980, rising more than 4 per cent for their biggest one-day gain since November, as strong investment and speculative buying sent the gold/silver ratio to a low.
Gold received a boost from inflation worries triggered by a crude oil rally and data showing rising U.S. core producer prices in March, and as higher-than-expected jobless claims knocked the dollar.
“The combination of higher oil prices, weaker dollar and the resurrection of discussions of Greek sovereign risk problems has galvanized the gold market. It’s particularly impressive because we ran into selling above the market yesterday,” said James Steel, chief commodity analyst at HSBC.
Spot gold rose 1.4 per cent to $1,474.30 an ounce by 4:02 p.m. ET, within striking distance of its record $1,476.21 set on Monday. U.S. gold futures for June delivery settled up $16.80 at $1,472.40 an ounce.
Investors grew jittery on talk of debt restructuring by Greece, the first euro zone member to receive a bailout a year ago in the crisis Read more…
Look Out Above for Gold and Silver Prices
By Greg Hunter’s
Gold hit another all-time high yesterday, closing well over $1,450 per ounce. Silver’s closing price of more than $39 per ounce is the highest it has been in 31 years. Why the big jump in gold and silver prices? The answer is pretty scary because there are many reasons precious metals are heading higher. Let’s start with the most obvious —inflation. Kitco.com reported yesterday, “The precious yellow metal got a fresh influx of investment buying based upon heightened inflationary expectations, safe-haven demand and a weakening U.S. dollar index.” (Click here for the complete Kitco.com story.) You can give the same reasons for rising silver prices.
In the case of silver, many experts say it is way undervalued and will outperform gold as Read more…
The Federal Reserve Must Implement QE3
Gold prices surged today to a new all time high of $1,463.70 per ounce, while silver prices soared to a new 31-year high of $39.785 per ounce. Silver is now up 129% since NIA declared silver the best investment for the next decade on December 11th, 2009, at $17.40 per ounce. The gold/silver ratio is now down to 37, compared to a gold/silver ratio of 66 when NIA declared silver the best investment for the next decade. This means that not only is silver up 129% in terms of dollars since December 11th, 2009, but silver has also increased in purchasing power by 1.78X in terms of gold.
Gold is the world’s most stable asset and the best gauge of inflation. This brand new breakout in the price of gold leads us to believe that the Federal Reserve is getting ready to unleash QE3 at the end of June. The Fed will surely not call it QE3, but NIA can pretty much guarantee that the Fed will continue on with their purchases of U.S. treasuries. If the Fed pauses after QE2, it will mean that treasury bond yields will need to surge to a level where they attract enough private sector and foreign central bank Read more…
The Deadly Effect of Fiat Currency
Many of the world’s woes can be attributed to our global fiat currency system—price inflation, food shortages, political instability, and speculative booms and busts. But perhaps the most devastating and horrible of the consequences of our fiat currency system is the terrible and unceasing prevalence of war. Today, we wince as we watch the U.S. enter into a third current foreign conflict, under the guise of a multi-national, humanitarian Libyan intervention. Yet, with the amount of excess currency flooding the global economy and the U.S. Federal Reserve’s seemingly limitless willingness to create more, history tells us it is practically inevitable that the result would be more war.
It is no coincidence that, even in ancient societies, the invention of fiat currency—currency Read more…
Legislation Repealing Controversial Form 1099 Rules Passed By Senate, Headed To White House
Florence Delva/Getty Images A stack of coins is shown in this file photo. A new IRS rule that will start in 2012 will require sellers, buyers of gold coins to file IRS paperwork.
(Kitco News) Both chambers of the U.S. Congress have approved legislation to eliminate controversial new Form 1099 tax-reporting requirements that coin dealers and other business organizations had complained was too onerous.
The measure is on its way to the desk of President Obama after Senate passage by an 87-12 vote Tuesday. A number of news reports suggested that the White House is expected to sign the bill into law.
Sen. Mike Johanns (R-Neb.), who introduced Form 1099 repeal seven times, said the Senate measure was identical to a version that already passed the House of Representatives. This means the measure does not have to go to a conference committee and instead goes directly to the White House. An amendment that would have resulted in further delay of 1099 repeal was rejected, he said.
“I appreciate that my colleagues have seen the wisdom of avoiding further delays and getting this costly, looming paperwork burden off the backs of our job creators,” Johanns said. “We now need only a simple signature from the president and this bill will become law, saving jobs and much needed capital for our small businesses.”
The House passed a bill for repeal of the Form 1099 rules in early March. Both parties have favored repeal for months now, although it was held up by a fight over how to offset to any health-care funding that purportedly would be lost. According to news reports, the House and Senate bills would limit health-care subsidies for families over a certain income threshold.
The Industry Council for Tangible Assets said Tuesday night it was cautiously optimistic that the repeal will become law. ICTA is a trade group for the rare coin, precious metals and tangible assets industry.
The group noted that as of early last month, a statement of administration policy indicated that the White House did not agree with Read more…
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