United Coin and Precious Metals 9/18 Buy Or Sell Gold And Silver In San Diego, CA

Economists back Fed stimulus programs

A majority of economists believe the Federal Reserve is doing the right things to help repair the U.S. economy, according to a survey released Monday by the National Association of Business Economists.

The survey also showed that a vast majority of economists believe the U.S. economy is at little risk of inflation in the coming years. Continue reading

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What’s To Come Of The Gold & Silver Fix?

On the surface, there have been some unsettling bits of news coming out of the gold and silver markets, despite an overall unmoved price.  Day-in, day-out, for awhile, the gold price has been a BIG yawn…but this might be getting ready to change…Let’s explore some of the volatility in the gold market:

As I type this, the London metal Exchange (LME) is competing to create an alternative to the silver fix as the system plans to disband itself in August. The LME says it has planned three potential fixes to the fix in its bid to take over the pricing mechanism, for which there has been interest. Continue reading

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Bank Of England loses tonnes of gold in 2013

Concerns abound throughout the gold market regarding gold holdings in various vaults held around the world, from England to New York. Many European countries, like Germany, have demonstrated concern regarding whether or not the New York Federal Reserve Bank is still holding onto their reserves, while Austria just decided to send a request for audit to the Bank of England, perhaps following in the larger german-speaking nation’s footsteps. Continue reading

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World Bank: Prepare For The Next Crisis Now

First, the World Bank warned about a coming economic crisis.

Then the International Monetary Fund warned about the global housing crisis.

All in one week. Should investors begin embracing? After all, the stock markets have begun to top, or so it would seem, as tensions in Iraq increase.

The crisis in Ukraine, slowdown in China, warnings about the global housing market and coming global rise in interest rates are all expected to defeat global growth, according to the World Bank, which is pushing urgent global banking and financial reforms. Continue reading

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European Central Bank Closer To Quantitative Easing

The European Central Bank’s unprecedented moves made waves across Europe last week. European savers have received increasingly dismal news regarding the safety of their savings in recent months, only underscored by the recent decision to slash rates.

ECB president Mario Draghi increased rhetoric and said central bankers would be “unanimous” in backing more radical measures, like quantitative easing, to cope with a “too prolonged period of low inflation.” The ECB has become much more willing to take the more radical measures that the Fund has long called for. Continue reading

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Rickards Looks At Collapse Of International Monetary System; Says Fed Wants Gold To Go Up In Orderly Manner

By Daniela Cambone of Kitco News

(Kitco News) – Not only is the U.S. economy at risk, it is currently in several financial wars says author James Rickards in his new book, The Death of Money.

“The U.S. has been in a financial war, for instance, with Iran from 2011-2013. Now, it’s cooled off a little bit lately … [but] for 2 years before that, we had actually kicked Iran out of the dollar payment system, which the U.S. controls through the Federal Reserve,” said Rickards in an interview with Kitco News.

Rickards sums up his new book, which will be released in Canada and the U.S. on April 8 as both a prequel and a sequel to his bestseller, Currency Wars.

Jim Rickard’s new book goes on sale April 8 in Canada and the U.S.

One interesting topic in his new book, Rickards touches on his involvement with national security and capital markets after 9/11.

“There was insider trading ahead of 9/11, that’s very well documented in the book, but it was not some U.S. government conspiracy. What it was – was associates of the terrorists, and that makes sense. People in the social network of the terrorists, who knew about this, and they started doing some small trading.”

Rickards explains that the CIA took a look at this and said “‘Gee, if that’s true what if there were another terrorist attack of this spectacular nature, would the insider trading happen again? Could you identify it? Could you trace it back to the source and could you stop the attack before it happened?’“

Read more…

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China’s gold demand surges, tops 1,000 tonnes for first time

BEIJING/SINGAPORE, Feb 10 (Reuters) – China’s gold consumption jumped 41 percent in 2013 to exceed 1,000 tonnes for the first time, an industry body said on Monday, as a sharp slide in prices attracted buyers for jewelery and bullion.

The demand surge has helped China become the No. 1 gold consumer and should support prices, which took a hit last year from expectations of a tapering of commodities-friendly economic stimulus by the U.S. Federal Reserve and a drop in demand in the other major buyer India.

Gold consumption in China grew to 1,176.40 tonnes last year, with jewelery demand climbing 43 percent to 716.50 tonnes and bullion demand soaring 57 percent to 375.73 tonnes, the China Gold Association said on its website.

Chinese demand hit a record as gold prices fell for the first time in 13 years amid an improving global economy and a rally in equities. Prices tumbled 28 percent in 2013.

“The sharply lower prices attracted a lot of Chinese consumers looking for bargains,” said Chen Min, an analyst at Jinrui Futures in Shenzhen.

“Gold will continue to be an attractive investment in China in the near term as prices look steady near $1,200 an ounce,” Chen said.

Read more…

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John Embry – Mega-Bubbles & The Disastrous End Game

With continued uncertainty around the globe, today a man who has been involved in the financial markets for 50 years, and whose business partner is billionaire Eric Sprott, spoke with King World News about mega-bubbles and the disastrous end game for the United States. John Embry also discussed what this means for investors around the world in his powerful KWN interview.

Embry: “I sense a change in the tone of the gold market. A lot of evidence is coming out about how tight the physical market is and how great the fundamentals are. I thought the chart that Robert Fitzwilson featured in his KWN piece over the weekend was very indicative of the true fundamentals….

Read more…

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Silver Demand Fading As Metals Consolidate At Lull Of Trading Range

Trading action since Friday has resulted in depressed metals prices as the $15 gold increased on Friday was wiped out and then some by Monday.

Investors for much of the week focused on riskier bets. Continue reading

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United Coin & Precious Metals Offers To Buy McDonalds’ Employees Gold & Silver For 100% of Value

United Coin & Precious Metals, located in La Jolla, California, offers McDonald’s employees, who were recently told by their employers to sell their possessions to afford the holidays, 100% of the full amount for any of their gold and silver jewelry. Continue reading

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World Spot Prices
(Updates Every 30 Seconds)
-19.83

Gold

Bid: $1,827.11
Ask: $1,828.11
-0.78

Silver

Bid: $24.76
Ask: $24.86
-45.14

Platinum

Bid: $1,084.90
Ask: $1,089.90