Owning Gold In Venezuela

2016 Gold Investing Results

Many different types of people call ITM Trading to buy gold coins and gold bars. Some are doctors and lawyers and some are housewives and soldiers. Every type of American owns gold. One thing that many of these people have in common, however, is that they have reservations about buying gold or diversifying into physical precious metals. From time to time, though, ITM Trading will receive a call from someone who has lived through hyperinflation and currency collapse in Venezuela, … Read More »

Hyperinflation In The US?

World Reserve Currency Status

Sometimes in the news, you hear about hyperinflation happening in another country. Hyperinflation is the rapid loss of the purchasing power of a currency. Sometimes hyperinflation is more recognizable as rapidly rising prices, or even the complete lack of items available for sale. Can we experience hyperinflation in the US? Could shelves in America go bare? Sure, there can be hyperinflation in the US. There has been hyperinflation in the US before, more than once, in fact. There can be … Read More »

Can Hyperinflation Really Happen?

CAN HYPERINFLATION HAPPEN IN AMERICA? Most people don’t believe that the US dollar could lose all value. After all, it’s been around our entire lives. But so has inflation. Personal experience proves that fiat money inflation makes everything we buy cost more dollars over time. That’s because fiat money is supported by the “Full faith and credit of the government”, meaning the government’s ability to accumulate more debt. Normally, with debt comes interest. When interest on the debt eats most … Read More »

A-Mark Bullion Update

7.12.2016. With the Dow Jones and the S&P challenging all times highs, gold is finally showing some vulnerability and has traded lower for the second day in a row.  This past Friday’s strong US jobs number provided a sense of calm in the wake of Brexit and US equities have reacted accordingly.  Counter-intuitively, gold and silver also ran up on Friday even with the surprisingly good jobs figure.  They have since retreated but haven’t officially broken down… yet.  US 10-year … Read More »

Shipwrecks And Gold

Shipwrecks And Gold

There is absolutely nothing romantic about being on a sinking ship, no matter what the writers and producers of Titanic would lead you to believe. There is, however, a certain romance about shipwrecks and gold. Perhaps you grew up watching pirate movies or reading stories about lost gold treasure and those who seek it. Perhaps the pirate you envision when you hear the word no longer has a wooden peg leg, a parrot, and an eye patch, but bears a … Read More »

Is Our Dollar Based Economy At Risk?

Dollar Based Economy : Venezuela Riots

You may not think of the US as being an economy that exports dollars, but it does. Some countries export coffee, like Columbia, and some countries export factory products, like China, and one country exports dollars; the United States. The United States  is a dollar based economy. Currently, the United States dollar is the reserve currency of the globe, but that will one day change. Every now and again, the bottom will fall out of some market and the corresponding … Read More »

Silver Cost And Career Ending Errors

Silver Cost : Mariner

Sometimes work doesn’t go so well. Sometimes a day at work goes so poorly that you end up going home early, and you never go back. This little phenomenon is known as getting fired. Some people deserve to get fired, and other people don’t deserve to get fired. One way or the other, I’m pretty confident that in each of these little stories to follow, someone deserved to get fired, and someone probably did. Each of these stories also had … Read More »

A-Mark Bullion Update

5.17.2016 .US equities started off hot today but quickly reversed course after the release of US economic data and commentary from a Federal Reserve official.  Consumer prices jumped the most in more than three years as CPI m/m came in at .40% versus economists’ estimates of .30%.  The rise in consumer prices, an indication of inflation picking up towards the Fed’s eventual goal of 2%, was largely attributed to gasoline prices surging the most in four years.  Atlanta Fed President … Read More »

A-Mark Bullion Update

May 10, 2016. US non-farm payrolls disappointed on Friday of last week, adding just 160,000 jobs in the month of April.  This was the worst figure since October of last year and well below the consensus estimate of 200,000.  Despite the economic release, the USD shrugged off the news and the USD index is now up for the sixth day in a row.  USD strength weighed on gold over the weekend and Asia entered the market as a seller on … Read More »

A-Mark Bullion Update

4.14.2016. After holding as support for five consecutive trading days last week, the 50 day moving average in gold finally gave up today. Gold topped out at $1,260 on Tuesday but sold off yesterday and has collapsed today more than $20.  Even yesterday’s geopolitical tension in the form of two Russian fighter jets exhibiting aggressive flight maneuvers near a US military vessel in the Baltic Sea was not enough to stem the selling pressure on gold.   The yellow metal was … Read More »