Recent content by SmartyFarty

Hi Folks Check out this new website that determines the gold melt value of your gold scrap jewelry, bullion, and coins. https://meltvalue.com/gold There are 13 currencies - Australian dollar (AUD), Canadian dollar (CAD), Swiss Franc (CHF), Yuan Renminbi (CNY), Czech Republic Koruna (CZK)...

Interesting time for Silver (and other precious metals) - after a solid rebound recently. If anyone is interested in following precious metal trends. Price history chart - includes price history, inflation adjusted price history, and SMA/EMA over several different time frame options (5, 10...

Very true. Debt is a liability to someone and a asset to someone else. As we have seen in Greece, people are more than willing to take on debt, however, the same cannot be said to repaying it in full. Bond holders around the World will need to take significant hair cuts (either fractions in...

Agree, low correlation. However, over time, things have a tendency to revert to the mean. To do this, oil needs to rise or gold needs to fall. Gold miners outside of the USA are probably benefiting: relatively high gold price (compared to other metals), depreciating currency (compared to...

Either oil is cheap Or gold is expensive Relatively speaking. Personally, I suspect it is the former. Many oil producers need much higher prices to balance their government budgets.

As of 19th January 2016 was at 38.16 http://www.ptcalc.com/gold-to-oil-ratio-history.php Average is around 16.3 (since 1986)

Hi All FYI, for anyone interested in learning more about the palladium supply and demand fundamentals: http://www.ptcalc.com/palladium-supply-and-demand.php The charts go from 1980 to 2013. The latest aggregate 2014 statistics are shown. Palladium has some upside potential from the VW fallout...

Interesting post. Yeah +5% sounds right. It must be tough being a retailer as the prices have been falling recently. They may be selling their inventory for less than purchase price depending on how fast they turnover stock and when they buy / sell. In the long run, it will even out though I...

Seems like the tide is turning in favor of precious metals. Highest silver price since June 2015.

Broken through $900USD/oz today. The VW diesel emission scandal is causing weak sentiment towards diesel cars. From what I know, diesel cars use more platinum and gasoline use more palladium. Hence platinum down, palladium up. Platinum's single biggest demand comes from its use as a...

Agree. Selling down cash reserves to stimulate domestic economies. PMs should benefit from devaluing of currency

PAIN! http://www.smh.com.au/business/markets/currencies/australian-dollar-tipped-to-drop-below-us60-in-canadianstyle-plunge-20150720-gifttg.html Gonna have to ask bossman for a pay rise because i real purchasing price is reduced. I am sure he will understand! (rolls eyes)

The screws are turning ... The French Government will limit cash payments to 1,000 euros, compared to 3,000 euros. For non-residents (mainly tourists) the limit will drop from 15,000 to 10,000 euros. Electronic control of money is the endgame

Countries go to extreme lengths to protect their currencies. I like Gerald Celente "It's always about Oil , would we be in Iraq if the Export was Broccoli?" Although that being said I have watched a few economic truth docs about "local currencies" with mixed success. More money -> Cheaper...

Bounced back pretty quick