Commodities

Gainesville Coins has the 2013 Platinum Maple Leaf in stock and ready for delivery! Struck from 9995 fineness platinum, each one ounce coin features the iconic symbol of Canada, the maple leaf, on reverse and the Susanna Blunt effigy of Queen Elizabeth II on obverse. Minted from 1988 to 2001, and resuming in 2009, the Platinum Maple Leaf was the first large production platinum bullion coin. Since the end of the American Platinum Eagle bullion program by the U.S. Mint in 2008, the Platinum Maple Leaf has been one of the very few platinum bullion coins available to the public. Filed under: Gold & Silver at Gainesville Coins Tagged: platinum coin, Platinum Maple Leaf

Precious metals were up early this morning, helped by dollar weakness ahead of Federal Reserve chairman Ben Bernanke’s testimony before Congress on the state of the economy. In a vivid display of how markets worldwide react instantly to news, the dollar tanked and precious metals and equities got a boost as Bernanke opened his testimony by saying that the Fed’s $85 billion a month of bond purchases would continue until solid data indicated that the economy could stand on its own. The party for precious metals was short-lived however, as later in his statements Bernanke said that the Fed was concerned about long-term inflation risks connected to continued quantitative easing. Gold promptly dropped $40 and equities swooned, as the dollar index soared over half a point to well over 84. At noon New York time, gold has recovered to be basically even with yesterday’s New York close, the stock market has recovered, and the dollar has kept its gains for the day. The next bit of drama today will be the release of the minutes of the FOMC’s May 1 meeting. Analysts are eagerly awaiting the information, to see how the fight between monetary doves and hawks over quantitative easing had progressed. by David Peterson Filed under: Market News Tagged: ben bernanke, FOMC, global economy, gold market, quantitative easing, U.S. economic policy

With gold and silver prices falling off a cliff in 2013, it’s not surprising that earnings estimates are being cut for the miners. Silver Wheaton , one of the largest streaming metals companies in the world, is no exception. Ten earnings estimates for 2013 have been cut in the last two months, sending the consensus plunging for the year. Shares of Silver Wheaton are soaring more than 4% Monday but don’t get too thrilled about the longer term picture. Silver Wheaton is not

While other EU countries are increasingly investing in renewables, Turkey is planning three new nuclear power stations. The country's aim is to turn from being a net importer to a net exporter of energy. Turkey is geographically close to over 70 percent of the worldwide oil and gas reserves. Every year, thousands of oil tankers bring up to 150 million tons of oil from the Black Sea through the Bosporus and the Dardanelles to the Mediterranean and on towards Western Europe. Turkey also covers

Massive Commodity Inflation and Investing in Gold By Hard Assets Alliance Team On this week's episode of The Disciplined Investor (TDI) Show, Hard Assets Alliance GM Ed D’Agostino and Gold Bullion International Senior VP of Distribution Joe Yasinski explain how to better understand the process of owning precious metals outright. Host Andrew Horowitz engages the two in a discussion on the differences in paper versus physical assets and how to store them. Some of the other important topics in this episode include the massive inflation seen in Japan, earnings, economics, buybacks and more…

This week, the Coin Explorer visits the pirate haven of… Tampa, Florida? YES! Tampa is home to the Gasparilla Pirate Fest, which started in 1904. It’s the oldest pirate festival in the world, and the 3rd largest parade in the United States. Ye Mystic Krewe of Gasparilla graciously lent us their pirate ship, the 165-foot long José Gasparilla, as a backdrop for today’s review of the “Real Pirates of the Caribbean” proof silver coin set. This proof silver colorized coin set has highly-detailed portraits of four real-live pirates: Blackbeard, Bartholomew Roberts, “Calico Jack” Rackham, and the “King of Pirates” Henry Avery. The coins come housed in a wooden pirate chest, and include a silver “skull and swords” necklace, making for the perfect centerpiece for a pirate-themed party, or a nautically-inspired den or office. by The Coin Explorer Filed under: Gold & Silver at Gainesville Coins Tagged: coin collecting, colorized coin, Gainesville Coins, silver coins, The Coin Explorer

Have you seen the Gainesville Coins Bestseller List? We dynamically track the Top Ten, Top 40, and Top 100 items from the previous seven days on our site, updated on a daily basis. Every Monday on the blog, we cover the overall Top Ten gold and silver items according to the previous week’s sales. The past week had pre-1965 silver and 2013 American Gold Eagles reappearing on the Top Ten. The 1 oz 2013 Gold Maple Leaf barely missed the cut, coming in at #12. The 2013 American Silver Eagle makes another strong showing, at #2 for singles and #8 for the sealed rolls of twenty coins. The 2013 Chinese Silver Panda is showing real staying power, coming in at #6. The huge run on silver bars means that supply has not caught up with demand, which has dropped our usual entries out of the Top Ten this week. Here is the Gainesville Coins Top Ten for the week ending May 19: The “New Design” 1 oz Silver Buffalo Round, made of 999 pure silver (sku: rounds2) The 2013 American Silver Eagle 1 oz bullion coin, made of 999 pure US silver in Brilliant Uncirculated condition (sku: CSE30) Down 1 slot The 1/2 oz Buffalo Design Silver Round (made in USA) made of 999 pure silver (sku: rounds8) Returns to Top Ten The 1/10 oz Walking Liberty Design Silver Round (made in USA) made of 999 pure silver (sku: rounds24) Down 1 slot The 1/4 oz Walking Liberty Design Silver Round (made in USA) made of 999 pure silver (sku: rounds25) Down 2 slots The 2013 Chinese Silver Panda 1 oz coin, made of 999 pure silver (sku: CHSC7) “Only Halves” $1 Face Value of assorted 90% Silver US Half Dollars (sku: 90-halves) Twenty coin roll of 2013 American Silver Eagle 1 oz bullion coins, made with 999 pure US silver (sku: CSE30-ROLL20) The 2013 American Gold Eagle 1 oz bullion coin, made of 918 fine US gold, AGW 1 oz (sku: CGE24) The 2013 Canadian Silver Maple Leaf 1 oz bullion coin, made of 9999 fine silver (sku: CASC28) Filed under: Gold & Silver at Gainesville Coins Tagged: 2013 Gold Eagle, 2013 Silver Eagle, 2013 Silver Maple Leaf, 2013 Silver Panda, American Silver Eagle, silver rounds

Yesterday’s short-covering rally in gold has fizzled as a resurgent dollar tops 84 on the DXY again. This is contributing to the lower prices in precious metals after yesterday’s excitement. A single large sell order in Asia at a time of extremely thin volume early Monday had the earmarks of an attempted takedown on gold prices, but the market decided to not play along. Afternoon prices spiked to just below $1,400 an ounce as the shorts got squeezed. The momentum didn’t hold in European trading today, and precious metals have seen a steady decline in New York this morning. A statement from R.J. O’Brien & Associates in Chicago states that gold has probably established a double bottom, and they predict that we may see $1,500 an ounce next month. Others are also speculating on the possibility that the decline in the yellow metal has been halted, but everyone is hitting the sidelines to await Fed chairman Ben Bernanke’s testimony before Congress tomorrow on the state of the economy. Also on the docket for Wednesday is the minutes from the May 1 meeting of the Fed’s Open Market Committee, where national monetary policy is set. If the $85 billion in government bond purchases continues, interest rates will stay depressed and reduce the opportunity cost of holding gold. Another upside for gold is that injecting $85 billion every month into the market adds to the devaluation pressure on the dollar. This makes dollar-denominated commodities, like gold and oil, cheaper to buy in other currencies. by David Peterson Filed under: Market News Tagged: ben bernanke, FOMC, global precious metals market, quantitative easing

WASHINGTON - Collectors may place their orders for the 2013 American Eagle One Ounce Silver Uncirculated Coin beginning May 28 at noon Eastern Time (ET). The current price of the coin is $48.95. As with all products sold by the United States Mint containing precious metals, however, pricing is subject to change. There is no household order limit for this product.

I'm having a debate with The Daily Bell over their assertion that "physical gold and its delivery will cost you up toward US$2,000" in the comments to this article of theirs. Readers of this blog I think will find it interesting, as well as the diversion into questions about the Germany repatriation and central bank transparency. I also questioned their view that the London Fix was not a free market in the comments to this article.The thing about The Daily Bell is that they track and look behind memes. Their reaction to my questioning made me ask this question in my latest comment:You, DB, should know more about memes and their propagation than anyone else. Your willingness to look behind dominant social themes and ask who benefits is one reason why I was first attracted to, and continue to read, this site. I would suggest that you consider the possibility that memes also exist in the precious metals world. Many, like the Willie $2,000 story, don't have any malicious creator and come about from misunderstandings of how the market operates or exaggeration of a fact, mostly with the intent to just sell newsletters or product.However, I would also suggest you consider that some may originate from the monetary or power elite you watch. The objective? To divert attention away from how the gold market really works and avoid probing questions by creating dumbed down comic book-style stories, that has the bonus of making gold investors look like nutters to the mainstream and which dissuade the mainstream from thinking about investing in gold.I'm interested in your views on the above idea as well as from any The Daily Bell readers as to whether you think they have a blind spot in respect of precious metal memes.