Purchasing a 100 Oz Silver Bullion Gold and silver may not be good investments, but I consider them to be a form of currency because they store financial value that can be easily exchanged for goods, services, or other currencies relatively quickly. 🙂 The idea of sitting on cash to stay safe and secure sounds innocent enough. But… Read More »
In the world of finance, the word “arbitrage” refers to buying something in one market, and simultaneously selling it in another, profiting from a temporary price difference. According to Investopedia, this form of profit is considered practically risk free for the investor/trader. 😀 Well I have recently found such an arbitrage opportunity in the gold bullion market. Introducing… Read More »
The U.S. government is nearing its maximum borrowing capacity. If Congress can’t agree on a budget soon they won’t be able to raise the debt ceiling which could mean disaster for the economy. I don’t think anyone is expecting the US to default, but there will probably be a lot of uncertainty in the next week. But one… Read More »
The government of Cyprus (a small island country near Turkey) announced they want to charge a one time tax on all their citizens’ savings and checking accounts, up to 9.9% of their balance (O_o) This is so the country can qualify for a $13 billion bail out package which they so desperately need. It certainly sets a very controversial precedent for… Read More »
I like to invest in precious metals, both on the stock side, as well as in bullion. Lately I’ve noticed the price of silver has been under-performing relative to gold. The price of gold today (about $1600/oz) is pretty much the same as it was 12 months ago. But silver on the other hand went from $37/oz a year ago… Read More »