Main Street Credit Crisis: Bringing Back Layaway for Purchases. The Anti-Saving Crusade Continues
Showing posts with label Gold and Silver Investments. Show all posts
Showing posts with label Gold and Silver Investments. Show all posts
Saturday, November 8, 2008
Layaway making a comeback
Consumers who are tapped out are now resorting to layaway. The author of this article suggests saving in an interest-bearing account and then paying cash for the item which, under normal circumstances, is a good idea. I offer an another viewpoint: Savings accounts are paying virtually no interest. With inflation or hyperinflation lurking around the corner - layaway may make sense since you can lock-in today's price and potentially pay the item off later with cheaper dollars. If you are going to save - do it in gold and silver and you have a better chance of preserving your purchasing power.
Sunday, September 28, 2008
More reports of physical shortages in the precious metals
Editor's Note: Yes, there are shortages around the world but here at Pacific Bullion, LLC, we can still get you physical bullion with a 2 to 3 week back order on most products.
Gold and silver dealer reports an ‘unprecedented’ shortage of metals
Sunday Business Post - Ireland
Sunday, September 28, 2008 By David Clerkin, Markets Correspondent
A surge for demand in gold and silver has resulted in an unprecedented shortage of the metals for retail investors in recent days, according to Gold and Silver Investments, a Dublin-based firm that allows retail investors to speculate on movements in the value of precious metals.
Gold and Silver Investments director Mark O’Byrne said the supply of gold and silver available for small retail investors suffered a dramatic deterioration within hours on Friday, as wholesalers reported that government mints and refiners, the primary suppliers of the metals, had stopped offering new supplies.
‘‘It’s absolutely unprecedented,” said O’Byrne, who said the shortages were likely to drive up the costs of gold and silver in the secondary market.
‘‘This did not happen even in the 1930s and the 1970s, and will result in markedly higher prices in the coming months.”
According to O’Byrne, gold and silver were now only easily accessible in the primary market, which consisted of central banks and other major traders of the precious metals.
However, he said that minimum transaction sizes in this market were out of reach for most retail investors - at approximately $350,000 for gold and $135,000 for silver.
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Buy Precious Metals
Gold and silver dealer reports an ‘unprecedented’ shortage of metals
Sunday Business Post - Ireland
Sunday, September 28, 2008 By David Clerkin, Markets Correspondent
A surge for demand in gold and silver has resulted in an unprecedented shortage of the metals for retail investors in recent days, according to Gold and Silver Investments, a Dublin-based firm that allows retail investors to speculate on movements in the value of precious metals.
Gold and Silver Investments director Mark O’Byrne said the supply of gold and silver available for small retail investors suffered a dramatic deterioration within hours on Friday, as wholesalers reported that government mints and refiners, the primary suppliers of the metals, had stopped offering new supplies.
‘‘It’s absolutely unprecedented,” said O’Byrne, who said the shortages were likely to drive up the costs of gold and silver in the secondary market.
‘‘This did not happen even in the 1930s and the 1970s, and will result in markedly higher prices in the coming months.”
According to O’Byrne, gold and silver were now only easily accessible in the primary market, which consisted of central banks and other major traders of the precious metals.
However, he said that minimum transaction sizes in this market were out of reach for most retail investors - at approximately $350,000 for gold and $135,000 for silver.
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Buy Precious Metals
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