Big News: The Fed, Debt Ceiling, and Physical Silver Premiums

Gold and silver spot prices lost ground to a strengthening U.S. dollar last week. The dollar enjoyed its best week in 5 months, as other major world currencies weakened. European central bankers are once again hinting at more stimulus, and the Chinese government cut interest rates for the 6th time in the past year. Federal … Read more

Don’t Be Fooled: A Stealth Bull Market in Gold and Silver Is Underway

What gold and silver investors want to know above all is when the bull market will resume. In a very real sense, it already has resumed. Futures market prices aside, evidence abounds that a raging bull market in physical precious metals is now underway. In the third quarter (ending September 30th), coin demand went through … Read more

U.S. and Canadian Mint Dysfunction Snowballs as Silver Coin Premiums Rise

Lower precious metals prices on Wall Street aren’t necessarily bringing lower prices on Main Street. The retail market for gold and silver coins, bars, and rounds has been swamped with high demand since mid June.  Both the U.S. Mint and the Royal Canadian Mint continue to run into serious issues keeping up with retail silver … Read more

Investment Silver Demand Draining COMEX Vaults

If there are words to characterize the precious metals markets for July, it would be “divergences” and “shortages.” There was heavy selling in the leveraged futures market and extraordinary buying demand and shortages in physical coins, rounds, and bars. Despite turmoil surrounding Greece and a huge sell-off in Chinese equities, traders dumped wheelbarrow loads of … Read more

Timeless Tips from the “Richest Man in Babylon”

In the early 1920s, George S. Clason wrote a series of articles about acquiring and keeping wealth that were passed out by insurance companies to their customers. In 1926, he combined these essays into a book titled, The Richest Man in Babylon. To this day, that book remains in print. In it, a series of … Read more

Is Gold a Stupid “Pet Rock” or a Bedrock Asset?

Greece defaulted at the end of June, and metals investors expected higher prices in July. What we expected isn’t what we got. It isn’t the first or last time markets surprised investors. Do lower spot prices mean precious metals are failing as a safe-haven investment? Jason Zweig, from the Wall Street Journal, thinks so. He’s … Read more

How to Obtain Silver Coins and Rounds in Short Supply

There are two kinds of constraints when it comes to supply in the physical markets, and anyone building a position in physical metal needs to know the difference. The first type is temporary. The other signals a sea change, the rush for physical metal going mainstream. When it happens, it’ll be “go time” in the … Read more