Utah is First State to Recognize Gold and Silver as Legal Tender, Inflation Worries Loom
By Huma Khan
April 15, 2011
Starting in May, Utah residents will be able to shop in a currency other than the dollar--gold, something that hasn't happened since 1933. Utah became the first U.S state last month to recognize gold and silver coins minted by the federal government as legal tender...The move, proponents say, is caused by declining faith in the U.S. monetary system and concern about rising inflation.
Read more @ ORIGINAL SOURCE
Saturday, April 16, 2011
Friday, April 15, 2011
Goodbye $42...
Submitted by Tyler Durden on 04/14/2011 16:10 -0400
Silver is now trading at $42.10: the highest price since 1981, and ever closer to the all time Hunt Brother high, which is now just over $8 away. At this rate, and if Bolivia indeed nationalizes its silver mines, we give it a month for a new all time notional high in the metal.
See ORIGINAL SOURCE
Silver is now trading at $42.10: the highest price since 1981, and ever closer to the all time Hunt Brother high, which is now just over $8 away. At this rate, and if Bolivia indeed nationalizes its silver mines, we give it a month for a new all time notional high in the metal.
See ORIGINAL SOURCE
Thursday, April 14, 2011
Euro Falls against Gold & Particularly Silver [Resource Investor: Published 4/14/2011]
By Mark O'Byrne
Gold is tentatively higher against the euro but mixed against other currencies, while silver is higher again in most currencies. Both probed upward this morning and are exhibiting signs that they may push higher prior to a much anticipated correction.
The Greek 10-year yield has just surged over 13.2% and this is leading to falls in the euro and risk aversion with equities, commodities and oil falling.
Both gold and silver are less than 2% from their record nominal highs seen Monday (gold all time and silver 31-year) and are remaining firm due to concerns about the US dollar, the euro and sovereign debt issues in Europe.
Read more @ ORIGINAL SOURCE
Gold is tentatively higher against the euro but mixed against other currencies, while silver is higher again in most currencies. Both probed upward this morning and are exhibiting signs that they may push higher prior to a much anticipated correction.
The Greek 10-year yield has just surged over 13.2% and this is leading to falls in the euro and risk aversion with equities, commodities and oil falling.
Both gold and silver are less than 2% from their record nominal highs seen Monday (gold all time and silver 31-year) and are remaining firm due to concerns about the US dollar, the euro and sovereign debt issues in Europe.
Read more @ ORIGINAL SOURCE
Dollar Slides on Asia, Europe Monetary Tightening; Silver Gains [Thursday, April 14, 2011]
April 14 (Bloomberg) -- A gauge of dollar strength dropped to a 16-month low as the prospect of monetary tightening in Asia and Europe sapped demand for U.S. assets. Concern that global inflation is accelerating drove silver toward a 31-year high.
Read more @ ORIGINAL SOURCE
Read more @ ORIGINAL SOURCE
Indian Investors Switch to Silver From Gold [APRIL 13, 2011, 8:36 A.M. ET]
By BIMAN MUKHERJI, online.wsj.com
"Ordinary investors are buying silver as if there is no tomorrow," Suresh Hundia, president emeritus of the Bombay Bullion Association, told Dow Jones Newswires. "Many people are selling their gold and buying silver because gold has not given them as good a return."
READ MORE @ ORIGINAL SOURCE
Wednesday, April 13, 2011
Tuesday, April 12, 2011
Sunday, April 10, 2011
Famous Quote
There can be a temptation to sell when you see price of silver so much higher than they were just a few months ago, but that is more of an emotional response rather than a logical one. What you need to focus on is value, not price.
The line from the great Jesse Livermore really applies here: “Be right and sit tight.”
The line from the great Jesse Livermore really applies here: “Be right and sit tight.”
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