Tag Archives: Bullion

  • Podcast

    Robert Mish: Front-Line Observations from a Seasoned Gold & Silver Bullion Dealer

    The game is finally changing
    by Adam Taggart

    Saturday, April 27, 2013, 4:48 PM

    58

    Spikes and plunges in the U.S. dollar price of gold; this is not new. It goes back to the early 1970s. We remember that for most of the past 40 years, physical gold and silver investors, particularly in the U.S., tended to chase big rallies and buy late, while too often selling after plunges or after long periods of price erosion. Gold was sold then primarily as an inflation hedge. When it was working, speculators bought much more. When it stopped working as an inflation hedge, they first became puzzled and frustrated, then fearful, and they sold out at bottoms.

    So, fast-forward to this month, and today’s gold community starts to look a bit different as the breakdown below previous gold and silver price support levels began, and especially last week, with gold going below $1400. Physical buyers were outnumbering sellers in our store by at least 5 to 1.

     

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  • Insider

    For Those Looking to Purchase Bullion Now

    A PP.com partner is extending a special offer
    by Adam Taggart

    Friday, April 19, 2013, 6:13 PM

    12

    We've been closely following the tightness in supply in the physical bullion market this week. Premiums began spiking, and now it's becoming harder and harder to find metal in stock to purchase regardless of price.

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  • Blog
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    Unintended Consequences Are Increasing World Demand for Gold

    Can the price remain this low with tightening supply?
    by Chris Martenson

    Wednesday, April 17, 2013, 9:26 PM

    45

    With the financial experts claiming, some gleefully, that gold has "lost its safe haven status" in the aftermath of its biggest tumble in 30 years, many commentators  thought (hoped?) that the dramatic price drop would steer people away from gold ownership. To my eyes, the past week has all the earmarks of a high-gloss propaganda campaign complete with well placed anti-gold stories in the media and the careful use of language aimed at sowing doubt about gold's ability to be a store of wealth.

    But for those who consider gold a store of value, the recent gold slam is a gift: an invitation to purchase more sound money with fewer units of paper currency. In other words, a sweet deal.  Gold and silver on sale and the world is taking advantage.

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  • Blog
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    This Gold Slam is a Massive Wealth Transfer from Our Pockets to the Banks

    It likely signals a big downdraft in the stock market, too
    by Chris Martenson

    Monday, April 15, 2013, 7:55 PM

    79

    I am very disappointed by, but not surprised at, the latest transfer of wealth to the bankers from everyone else.  The most recent gold bear raid has vastly enriched the bullion bankers, once again, at the expense of everyone trying to protect their wealth from global central bank money printing.

    The central plank of Bernanke's magic recovery plan has been to get everybody back borrowing, spending, and "investing" in stocks, bonds, and other financial assets.  But not equally so, as he has been instrumental in distorting the landscape towards risk assets and away from safe harbors.

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  • Podcast

    Mike Maloney: Today’s Low Gold & Silver Prices Are Not Realistic

    The good news is that they can't last much longer
    by Adam Taggart

    Saturday, April 13, 2013, 12:49 AM

    48

    During this very tumultuous week for precious metals prices, Chris sat down with Mike Maloney, founder and owner of GoldSilver.com, one of the world's largest bullion dealers.

    Mike is a true scholar of monetary history. His reasons for getting into the bullion business have their roots in a very predictable cycle that has happened time and again over the centuries (more accurately millennia):

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  • Blog
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    Say Goodbye to the Purchasing Power of the Dollar

    Mr. Bernanke goes to Crazytown
    by Adam Taggart

    Monday, March 25, 2013, 3:29 AM

    108

    On a long solo car trip this past weekend, I downloaded several podcasts to listen to as the miles passed. One was a classic: The Invention of Money, originally released by NPR's Planet Money team back in January of 2011. I highly recommend listening (or re-listening) to it in full.

    The podcast is a great reminder of how any currency in a monetary system is a fabricated construct. A simpler way to explain this is to say it has value simply because we believe it does.

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  • Podcast

    Eric Sprott: Is the West Dishoarding Its Sovereign Treasure?

    And if so, what will happen once it's done?
    by Adam Taggart

    Saturday, February 23, 2013, 2:10 PM

    54

    We are well into the financial crisis. Everyone’s trying to keep it together, even though it would appear from the reading of the economy things are not going well at all here. And everyone's ignoring things.

    But I think, in their hearts, the Central Bankers must know what they’re doing is totally irresponsible. And the tell of that irresponsibility which is the debasing of the currencies is the fact that real things will go up in value. This should be reflected in the price of gold and silver.

    So expresses Eric Sprott, CEO and founder of Sprott Asset Management, and one of the most experienced and vocal advocates for owning precious metals.

    The past decade has validated Eric's thesis, as gold has risen considerably against all world fiat currencies. But what vexes him is that in recent years, when currency debasement has accelerated to extreme levels, precious metals prices have been clearly suppressed, particularly versus the U.S. dollar.

    As the topic of price manipulation is nothing new, Eric finds his focus increasingly drawn to where the precious metals are going at these bargain prices – who is accumulating and who is dishoarding:

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  • Blog

    Harvey Organ: Get Physical Gold & Silver!

    by Adam Taggart

    Friday, April 20, 2012, 10:10 PM

    0

    Harvey Organ has been analyzing the bullion markets closely for decades. The quality and accuracy of his work is respected enough to have earned him an invitation to testify before the CFTC on position limits for precious metals back in 2010.

    And he minces no words: Gold and silver prices are suppressed. With extreme prejudice.

    In this detailed interview, Harvey explains to Chris the mechanics of how he sees this manipulation occurring, why he predicts this fraudulent pricing scheme will collapse soon, and why it’s critical to be holding physical (vs. paper) bullion when it does.

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  • Blog

    Paul Tustain: Be Wary of Balance Sheet Risk

    by Adam Taggart

    Friday, April 13, 2012, 9:13 PM

    0

    “I always tell people when they look at their bank account, they think they have got maybe $50,000 in the bank. It says $50,000 CR. Credit.

    You are a creditor. It is the bank’s property, that $50,000. And they recognize in that document that they owe it to you.

    So, you have to watch out for that word ‘creditor’. When you see CR, you are on the balance sheet. You are at risk.”

    So says Paul Tustain, founder of BullionVault and advocate for minimizing counterparty risk in a world of rehypothecation and 100-to-1 leveraged paper markets.

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