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 “Buy silver, sell gold” is the bold call of currency and money analyst Dominic Frisby in the latest edition of best selling Money Week.Frisby looks at the relative value of silver to gold and comes to the conclusion that silver is a better buy right now. We share his bullish view on silver and hence our current campaign regarding VAT free silver coins.From the article:“Today we consider gold and silver.We suggest that you should buy one and sell the other.We then advise walking away for a couple of years…Silver and Mother Nature's ratioThere is, say the wise old men of [...]

Silver Standard Resources (TSX:SSO) and Claude Resources (TSX:CRJ) have announced the receipt of the required shareholder approvals for the previously announced plan of arrangement. As quoted in the press release: On closing of the Arrangement, all of Claude Resources issued and outstanding common shares will be exchanged on the basis of 0.185 of a Silver Standard common share (the “Consideration Shares”) and C$0.001 in cash per Claude Resources common share. The Arrangement was approved by approximately 94% of the votes cast by Claude Resources shareholders at the special meeting of shareholders that was held today. Silver Standard shareholders approved the [...]

Bank bail-ins pose risks to retail investors and especially savers throughout the western world. The new bail-in rules have been made operational since the beginning of this year in the EU and in many other countries, yet the risks and ramifications of bail ins have been largely ignored in most of the media.The Financial Times covers bail-ins today with a focus on the risk to investors while continuing to ignore that posed to savers and depositors including small and medium size enterprises.From the FT:When Ignazio Visco, governor of the Bank of Italy, spoke in Florence this month, his focus turned to regulation of [...]

Precious metals were slammed Thursday by bearish FOMC minutes that were released Wednesday afternoon. Gold futures ended lower for a second session in a row, after rising for three straight, and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

IMPORTANT QUINTUPLE STELLA HIGHLIGHTS SALE The Legend Rare Coin Auctions Regency XVII sale is less than a week away as of this writing, to be held on Thursday the 19th in New Orleans. This auction features 472 lots of everything from half cents to patterns. The clear headliner is the 1879 $20 Quintuple Stella gold pattern coin (Judd-1643). Graded PR64 Deep Cameo by PCGS, this metric pattern comes from the same family of the well known $4 Stellas. This example, one of five known, traces a pedigree of Virgil Brand-Amon Carter-Ed Trompeter-Bob Simpson, and carries an opening bid of $1.6 [...]

Buy gold and silver coins and bars for delivery and storage has advocated a leading Irish financial adviser. Eddie Hobbs has given advice to his clients and says that they should buy silver and gold bullion in order to protect from the coming global financial crisis. In his most recent research report, 'Outlook, May 2016' he said that“Not holding gold is now, in my opinion, high risk. Gold is the single asset class that protects both against deflation and especially against inflation. The case for gold against this backdrop has strengthened and not weakened.”Below are the key excerpts from the excellent report [...]

Alexco Resource (TSX:AXR) has closed its previously announced private placement for proceeds of C$13 million. As quoted in the press release: Each Unit consisted of one common share and one-half of one non-transferable common share purchase warrant (each whole warrant, a “Warrant“), each Warrant entitling the holder to purchase one additional common share of the Company at a price of C$1.75 until May 17, 2018. If, commencing on September 18, 2016, the closing price of Company's common shares on the Toronto Stock Exchange is higher than C$2.50 for 10 consecutive trading days (the “Trigger Date“), the expiry date of the [...]

George Soros, who once called gold “the ultimate bubble,” has resumed buying the gold ETF and shares after a three-year hiatus.The billionaire investor yesterday disclosed that in the first quarter he bought 1.05 million shares in SPDR Gold Trust, the world's biggest gold exchanged-traded fund, valued at about $123.5 million.Soros cut his firm's investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the world's biggest bullion producer Barrick Gold Corp.Soros allocation to the Gold ETF and nearly a quarter of a billion to just one gold mining share – Barrick – [...]

HISTORIC SALE TO BE FOLLOWED BY RARITIES AUCTION Unless you've lived in a cave these past few months, you are well aware that Stacks-Bowers' presentation of fourth installment of the famous Pogue Collection is coming up for auction next week – May 24th to be exact. This sale is historic for several reasons. While there are only 63 lots, the quality and rarity of those are without dispute and two coins each would represent the most important items up for auction in a given year, and have already been discussed at length on these pages. The first is the finest [...]

– Hedge funds have taken a record net-long silver position – CFTC data shows– Precious metal surges 26% in 2016 on Fed, industrial & investment demand– Cumulative global silver bullion deficit surges on revised data Hedge Funds Keep Betting On Silver (Bloomberg) Gold up for 2nd day on China data, weaker stock markets (Reuters) North American appetite for platinum jewelry flourishes (Reuters) China goes cold on platinum jewelry, crimping world demand (Reuters) Gold Caps Weekly Loss as U.S. Sales Gain Curbs Haven Demand (Bloomberg)Global Silver Supply Deficit Surges On Revised Data (Silver Seek) Financial Repression and “The Age of Stagnation” [...]