As the ranking member of the House Subcommittee for Domestic Monetary Policy and Technology, Texas Congressman Ron Paul will more than likely take over as the chair in the next session. From that position he sees taking the committee in a little more aggressive direction. According to the senior editor at CNBC.com, John Carney, in his blog "NetNet", Dr. Paul will be looking to make some moves on behalf of sound monetary policy that should appeal to more than just the Austrians in the crowd. “I … [Read more...] about The Buck Stops (Failing) With Ron
"QE2" is what experts are calling the latest round of "quantitative easing" being engaged by the Fed. The announcement made today after two days of talks includes an estimated $600 billion in purchases of Treasury bonds. The deeper story here though is the clear and distinctive rift between the chairs of the regional Fed banks. In their defense (albeit weak though it is) the central private bank is really without much ammo at their disposal to fight this battle currently. Their move to lower … [Read more...] about Fed Set to Buy $600 Billion More
Looking at the metals market, you may have noticed the dramatic increase in the price of silver versus gold and other metals in the past year. Many attribute these gains to the uncovering of market manipulation that has been accomplished by the Commodity Futures Trading Commission chaired by Bart Chilton. The CTFC has been engaged in an investigation of the practices of major market players for three years and recently Chilton testified before Congress on what he has found. And the earth … [Read more...] about Chilton Blows Whistle on Ag Manipulators
In a story published by www.silver-coin-investor.com, the US Mint will, for the first time, be issuing a series of five ounce silver bullion pieces called America the Beautiful and duplicating the artwork featured on several of the members of the popular state quarter program. 100,000 strikes of each of the five designs selected has been authorized and will be distributed through the same authorized dealers that currently make available the silver and gold bullion Eagles. This news follows only … [Read more...] about US Mint To Release Five Ounce Silver Bullion
It would appear that the US Mint is either enjoying a huge success or someone is cleaning off the shelves to cover a lot of futures sales. A story reported by Reuters states that the US Mint has been depleted of their 2010 Gold Buffaloes and does not plan to restock this year in spite of what the web site Zero Hedge points out as a product that they were selling for 20% over market price. As gold hits new highs, the exhaustion of the mint's supply calls into question either the ability of … [Read more...] about US Mint Running Out
There are more than a few heads spinning as a result of the current tremors in the commodities market. You may be asking if now is the time to buy, sell or stick to using your AOCS Approved medallions as an exchange/barter vehicle. As long as the market is headed towards a more accurate reflection of the true value of silver, then the best advice may well be to grab as much silver as you can and hold on to some and trade with the rest. Obviously you want to have the greatest amount of buying … [Read more...] about Buy, Sell or Trade?