Tag Archives: silver

Silver Coins on pace for record sales

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Sales of silver coins by the U.S. Mint are on track for their best year since statistics began being kept, according to data on the mint’s website. Bloomberg reported in June that sales had already reached $24.03 million ounces. The mint set a one month record with sales of 7.5 ounces in January. Sales had to be suspended that month for over a week. Acting director Richard Petersen said that demand for gold and silver coins remains at an “unprecedented level.”

The brisk sales reflect both bargain prices and investor confidence in paper currencies. Silver has led the way in spot price declines over the past year. Silver futures are down 28 percent in 2013. Gold also remains well off its one year highs with spot prices in the 1300s, down from $1,790.30 in September 2012.

Ron Paul – Spontaneous Redefining of Money for the Individual

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During this interview at OpenCurrency.com, I wanted to find out how Dr. Paul began his journey of Austrian enlightenment. We touch on the relationship between Liberty and how economic systems behave. We talk about the way markets and money play a central role in a free society and the reactions to central banking with new types of currency. Listen here!

Below is the excerpt from my show at Open Currency Update with Kurt Wallace

Ron Paul of Ron Paul’s Podcast Nation joins Open Currency Update with Kurt Wallace for ‘Ron Paul, ‘I think it’s Fantastic’ CryptoCurrency, Bitcoin, Commodity Banking, Precious Metals Barter’. Ron Paul shares his experience in discovering economic freedom and individual liberty. He explains why the Federal Reserves ‘Free Money’ will create more bubbles.

We discuss spontaneous redefining of what money is for the individual with new forms of currency such as bitcoin, commodity banking, personal trade and barter with precious metals. Dr. Paul talks about legalizing parallel currencies in the US and why economics is the baseline of his message of Liberty. We also get a preview of Dr. Paul’s upcoming speech in New York May May 13th – 14th.

 

Gold back in vogue, posts biggest gain since August

(Reuters) – Gold prices were on course for their biggest monthly rise since August on Tuesday, supported by a weaker dollar and raising the possibility of a climb toward last year’s record high of just over $1,900 per ounce.

Sentiment for gold at the end of January compares starkly with late December, when prices dropped by more than 10 percent in their biggest monthly fall since the collapse of Lehman Brothers in an investor dash for cash.

 

Read Article Here

Gold, silver plunge as concerns resurface about Europe’s ability to resolve financial crisis – The Washington Post

Gold and silver prices plummeted Monday as concerns resurfaced about Europe’s ability to resolve its financial problems. Two ratings agencies criticized a new pact that would establish more fiscal discipline in countries that use the euro.

Fitch Ratings said that the deal made little difference and predicted the region would face “a significant economic downturn” as it tries to bring the crisis under control over the next year or so. Moody’s Investors Service said it will review the credit ratings of every European Union nation in the first quarter of next year.

The comments helped trigger a broad sell-off in commodities as investors shifted money into the dollar and bonds. Gold fell 2.8 percent, silver fell 3.9 percent and copper dropped 2.6 percent. Oil, gasoline and some agricultural contracts also fell…

via Gold, silver plunge as concerns resurface about Europe’s ability to resolve financial crisis – The Washington Post.

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