We provide the following:
1. Gold and silver prices charts.
2. Current economic news
3. Financial earnings news
4. Forecasts from leading investors
Currently the economic climate is in a place that has never been seen before in the past. The United States currency is being printed in the millions on a daily basis. This is the biggest wealth transfer in history. The banks were given seventeen trillion dollars in a bankers bailout in 2008 and now with money printing to infinity, we have a massive increase in dollar supply.
Austrian economics teach that money supply is in indirect proportion to dollar value. The more dollars that are circulated and printed. The less the currency is worth. In Rome the money supply was increased substantially and this is what caused the fall of Rome. Back in the days in Rome, it was a thriving economy. But the governments decided to move off of the gold and silver backed currency. They decided to print bronze coins to use as currency. This caused an astronomical increase in the supply of coins and currency issued. When this amount of increase is seen in the country, the currency always fails. That is what happened in Rome, thus the fall of Rome followed with the currency decline.Many experts are currently predicting a dollar crisis in the United States, unbeknownst to most Americans this can mean that they will lose most of their savings in the bank. The ways to protect their money is through purchasing hard assets such as land, precious metals, gold, silver and invest in more stable currencies such as the Canadian dollar.
We have seen gold price charts rise over 400% over the past ten years. This is due to the people lacking confidence in the U.S. currency. People believe that investing in gold and silver will better protect their money if there were to be a collapse in the U.S. similar to the collapse in Rome. The U.N. has already predicted that by 2016 China will be the leading super-power of the world.
The same exact situation happened in Argentina, Zimbabwe and Wiemar Republic. The fiat or paper currency was printing in such large amounts that the currency eventually collapsed. The supply became so large that the value became worthless. This is equivalent to the "cabbage patch doll craze" that happened in the early 80's in America. They had an artificial low supply of cabbage patch dolls and people became crazy for these dollars. There was mad rushing to buy these things because of low supply. When the supply becomes large then the opposite trend happens. Less demand occurs.Now that you know that the U.S. dollar is in crisis, you may want to appropriately hedge your financial savings. Throughout history bullion such as gold and silver has been a stable asset. If one were to purchase a gold coin in the early 1900's for twenty dollars, that gold coin would be worth around seventeen hundred dollars by now. This does not mean that the silver prices is getting more expensive, it means that the dollar is just worth less.
When a currency is devalued, it costs more money to purchase gold and silver bullion. When the U.S. dollar becomes worth less and less, gold price and silver prices will increase inversely.Over the past ten years we have seen people moving into precious metals as a hedge against a declining currency. If you were to purchase gold and silver and your paper currency collapses, you will still have money. While if you keep your money in paper, the value will be destroyed. View historical silver prices charts and gold price forecasts.
Some forecasters believe that oil prices could rise substantially over the coming decade. With the oil countries dropping the U.S. dollar as their trading currency this can increase the cost for oil. Some analysts are saying that oil prices could reach $200 a barrel. View oil prices, silver prices and gold price charts.
Links:
http://www.merriam-webster.com/dictionary/bullion
http://www.huffingtonpost.com/2011/09/10/meteor-shower-gold_n_955448.html
Bullion Vault - A place to store bullion and other precious metals.
GoldMoney.com Information on gold price forecasts and news.
Breville Juicer company earnings reports increased 5% sales over year sales. Investors
satisfied with earnings gains of Breville Juicer.
Omega Juicer sales increase 5% over year to year sales.
Emergency food supply stores increase sales.
Financial Links:
Financial Times
Daily Finance
Consumer Finance
Silver Prices and news.
Gold Price links.
Silver Prices Forecasts
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