Thursday, April 8, 2010
Consumers may be making more progress on personal financial issues.
- By Bruce Sands
Consumers have continued making progress in paying down their credit debts and auto loans, despite a shaky economy and questions about the strength of the recovery.
In the latest announcement from the Federal Reserve, the nation's combined consumer credit debt stood at $858.1 billion as of the end of February, down from $867.6 billion in January. The latest rate of decline, 13.1 percent on an annualized basis, was consistent with numbers seen in the fourth quarter of 2009.
In the fourth quarter of 2008, revolving consumer credit debt peaked at $958.1 billion, indicating that people have been paying down debts they ran up in the prelude to the financial collapse.
Some economists have also warned that the current decline in consumer credit is due considerably to the fact that many lenders have simply charged off old debts and are extending loans to fewer people. This is particularly likely now that federal credit card reforms have made it less profitable for lenders to offer new accounts to people with lower credit scores.
While consumers have showed progress in this area of the economy, it remains to be seen if the combination of weak spending and high unemployment will continue to make dealer gold an attractive investment option.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products. Become part of the gold affiliate program today!
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
Sunday, April 11, 2010
Precious metal prices benefiting from economic optimism
Monday, April 5, 2010
Precious metals are seeing recent economic gains.
- By Superior Gold Group
Silver and gold dealers are likely to see growing demand for precious metals among investors in the coming months, in light of an improving economy that has provided some momentum for commodities in general in recent days.
For example, a recent Associated Press report noted that platinum and palladium prices had gained last week, along with other metals such as copper and silver. Many of these materials are required for the manufacture of vehicles and electronics, among other consumer products.
The wire service added that improving auto sales had fueled the price gains for platinum, which was reportedly trading around $1,669 an ounce last week, and palladium, which was around $490 at the same time.
Changing technology has also created demand for other materials that may only become increasingly valuable in the coming years. For example, various media reports have noted that companies are now seeking out new deposits of lithium in an effort to meet the long-term demand for its use in batteries for hybrid and electric vehicles.
Precious metals have long been seen as a safe haven investment for times of economic uncertainty, but new technologies have helped make these commodities more in demand regardless of what the financial climate may be.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products. Become part of the gold affiliate program today!
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
Precious metals are seeing recent economic gains.
- By Superior Gold Group
Silver and gold dealers are likely to see growing demand for precious metals among investors in the coming months, in light of an improving economy that has provided some momentum for commodities in general in recent days.
For example, a recent Associated Press report noted that platinum and palladium prices had gained last week, along with other metals such as copper and silver. Many of these materials are required for the manufacture of vehicles and electronics, among other consumer products.
The wire service added that improving auto sales had fueled the price gains for platinum, which was reportedly trading around $1,669 an ounce last week, and palladium, which was around $490 at the same time.
Changing technology has also created demand for other materials that may only become increasingly valuable in the coming years. For example, various media reports have noted that companies are now seeking out new deposits of lithium in an effort to meet the long-term demand for its use in batteries for hybrid and electric vehicles.
Precious metals have long been seen as a safe haven investment for times of economic uncertainty, but new technologies have helped make these commodities more in demand regardless of what the financial climate may be.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products. Become part of the gold affiliate program today!
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
Sunday, February 28, 2010
Lawmakers show little inclination to tackle national debt
Wednesday, February 24, 2010
Gold can be a safe investment option in light of a rising national debt.
- By John March
Many investors have been talking to silver and gold dealers about concerns raised by the ever-increasing U.S. national deficit, especially in light of widespread doubt about whether substantial action will be taken to resolve the problem.
Still, members of Congress and the White House have acknowledged the national debt problem to some extent in recent weeks. For example, earlier this month President Barack Obama announced the creation of a National Commission on Fiscal Responsibility and Reform.
The panel will be headed by former White House Chief of Staff Erskine Bowles, a Democrat, and former U.S. Senator Alan Simpson, a Republican from Wyoming.
"For far too long, Washington has avoided the tough choices necessary to solve our fiscal problems - and they won't be solved overnight," said Obama in his announcement.
However, the commission's recommendations will not be binding upon Congress, which raises concern in some quarters that it will make little real progress in the long run.
Given the economic chaos that the nation's debt burden could eventually bring upon the financial system, considering an investment in dealer gold may be a wiser long-term choice than ever.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
Gold can be a safe investment option in light of a rising national debt.
- By John March
Many investors have been talking to silver and gold dealers about concerns raised by the ever-increasing U.S. national deficit, especially in light of widespread doubt about whether substantial action will be taken to resolve the problem.
Still, members of Congress and the White House have acknowledged the national debt problem to some extent in recent weeks. For example, earlier this month President Barack Obama announced the creation of a National Commission on Fiscal Responsibility and Reform.
The panel will be headed by former White House Chief of Staff Erskine Bowles, a Democrat, and former U.S. Senator Alan Simpson, a Republican from Wyoming.
"For far too long, Washington has avoided the tough choices necessary to solve our fiscal problems - and they won't be solved overnight," said Obama in his announcement.
However, the commission's recommendations will not be binding upon Congress, which raises concern in some quarters that it will make little real progress in the long run.
Given the economic chaos that the nation's debt burden could eventually bring upon the financial system, considering an investment in dealer gold may be a wiser long-term choice than ever.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
Sunday, February 21, 2010
Experts call for bipartisan approach to U.S. deficit problem
Budget experts are becoming increasingly wary of a U.S. deficit that could cause years of economic chaos for taxpayers and investors alike. With such an uncertain economic outlook brought on by soaring deficits around the world, people are continuing to consult with silver and gold dealers about their full range of options.
One such expression of concern came from Dr. Alice Rivlin of the Bipartisan Policy Center, who appeared before the Senate Budget Committee recently to urge lawmakers to focus more on finding bipartisan solutions to the current deficit situation.
"Complacency about the fiscal threat is no longer possible. Unfortunately, complacency has been replaced by strident partisan blaming - not yet by a willingness to cooperate on crafting solutions," Rivlin told lawmakers, pointing out that there "is no disagreement" among leading federal budget entities, such as the Government Accountability Office and the Congressional Budget Office, about the serious scope of the problem.
The Bipartisan Policy Committee recently launched a task force aimed at cutting the national website where former public officials and others will try to build momentum for a realistic approach to reducing the U.S. deficit.
For two consecutive years, the budget deficit has soared beyond $1 trillion, contributing to a national debt that is rapidly approaching $14 trillion.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products. Become part of the gold affiliate program today!
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
One such expression of concern came from Dr. Alice Rivlin of the Bipartisan Policy Center, who appeared before the Senate Budget Committee recently to urge lawmakers to focus more on finding bipartisan solutions to the current deficit situation.
"Complacency about the fiscal threat is no longer possible. Unfortunately, complacency has been replaced by strident partisan blaming - not yet by a willingness to cooperate on crafting solutions," Rivlin told lawmakers, pointing out that there "is no disagreement" among leading federal budget entities, such as the Government Accountability Office and the Congressional Budget Office, about the serious scope of the problem.
The Bipartisan Policy Committee recently launched a task force aimed at cutting the national website where former public officials and others will try to build momentum for a realistic approach to reducing the U.S. deficit.
For two consecutive years, the budget deficit has soared beyond $1 trillion, contributing to a national debt that is rapidly approaching $14 trillion.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products. Become part of the gold affiliate program today!
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
Gold rises with help from falling dollar
Investors who consulted with gold and silver dealers in the past week may have been able to take advantage of a lull in the upward pricing trend that precious metals have seen in recent months.
A report by MarketWatch this week noted that in Tuesday's trading, gold futures were up by a 2.5 percent margin, due in part to newfound weakness in the dollar that had made precious metals a more attractive option for many investors.
The report added that gold had risen $27,30 per ounce to $1,117.10, and that the price had hit $1,121 at one point.
The dollar may be experiencing some retreat in light of a resurgence of the euro, based on investors being more assured that the European Union will take steps to bail out the Greek economy, which has been teetering on the brink of a debt default in recent weeks.
Financial observers have also noted that gold and silver prices are not as dependent on a weak dollar as they once were, based in part on the expectation that increased industrial activity in developing nations will continue to sustain demand for precious metals.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
A report by MarketWatch this week noted that in Tuesday's trading, gold futures were up by a 2.5 percent margin, due in part to newfound weakness in the dollar that had made precious metals a more attractive option for many investors.
The report added that gold had risen $27,30 per ounce to $1,117.10, and that the price had hit $1,121 at one point.
The dollar may be experiencing some retreat in light of a resurgence of the euro, based on investors being more assured that the European Union will take steps to bail out the Greek economy, which has been teetering on the brink of a debt default in recent weeks.
Financial observers have also noted that gold and silver prices are not as dependent on a weak dollar as they once were, based in part on the expectation that increased industrial activity in developing nations will continue to sustain demand for precious metals.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
Monday, February 15, 2010
Report: Chinese officials urged to dump Treasury notes
Thursday, February 11, 2010
Chinese military officials are suggesting a sell-off of U.S. Treasuries in response to arms sales to Taiwan.
- By John March
Those who follow world news may have one more reason to consult with silver and gold dealers this week amid indications that some Chinese officials are trying to convince their government to sell off some U.S. bonds to punish Washington for recent arms sales to Taiwan.
According to a recent Reuters report, top Chinese military officials are suggesting an increase in the country's defense spending, an adjustment of deployments of the People's Liberation Army, and the sale of some U.S. bonds in response to the arms sales.
The wire service added that there have been no steps so far by China to drop U.S. Treasury bonds, in part because this could also damage the value of Beijing's own financial assets. Reuters also pointed out that China held $798.9 billion in U.S. Treasury notes at the end of October.
China has viewed Taiwan as a renegade province for decades and has long bristled at perceived steps by the international community, particularly the United States, to treat it as an independent nation and to boost its capabilities to defend itself against an attack from Beijing.
The news reflects a growing awareness around the world about the vulnerabilities the U.S. and other countries may have in regard to their own growing debts. If such problems become more pronounced in the coming years, gold and silver will be possible safe havens for investors wary of stock markets and other options.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
Chinese military officials are suggesting a sell-off of U.S. Treasuries in response to arms sales to Taiwan.
- By John March
Those who follow world news may have one more reason to consult with silver and gold dealers this week amid indications that some Chinese officials are trying to convince their government to sell off some U.S. bonds to punish Washington for recent arms sales to Taiwan.
According to a recent Reuters report, top Chinese military officials are suggesting an increase in the country's defense spending, an adjustment of deployments of the People's Liberation Army, and the sale of some U.S. bonds in response to the arms sales.
The wire service added that there have been no steps so far by China to drop U.S. Treasury bonds, in part because this could also damage the value of Beijing's own financial assets. Reuters also pointed out that China held $798.9 billion in U.S. Treasury notes at the end of October.
China has viewed Taiwan as a renegade province for decades and has long bristled at perceived steps by the international community, particularly the United States, to treat it as an independent nation and to boost its capabilities to defend itself against an attack from Beijing.
The news reflects a growing awareness around the world about the vulnerabilities the U.S. and other countries may have in regard to their own growing debts. If such problems become more pronounced in the coming years, gold and silver will be possible safe havens for investors wary of stock markets and other options.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
Gold price plateau could present opportunity to investors
Thursday, February 11, 2010
Now may be a good time to invest in gold coins.
- By John March
People who may want to invest in gold coins may have a window of opportunity to get in at a good price as a result of some recent momentum from the dollar in light of a shaky European Union financial situation.
In fact, a recent Reuters report says that gold is likely to remain high in the long term due to concerns over inflation and stability of paper currencies, but in the medium term is seen at more of a price plateau because the dollar's recent activity and a drop in demand for products like jewelry.
"We see a number of headwinds for investors in gold, most notably potential increases in rates. The opportunity cost of investing in commodities is going to be important," the wire service quoted analyst Daniel Major or RBS Banking & Markets as saying.
A number of mining companies are also seen as increasing their output, notes Reuters, in response to the upward trend in prices, but concern about falling prices should largely be eased by a trend of shaky currencies.
Fueling much of the concern about various currencies not linked to commodities will be sovereign debt levels, which have been earning a considerable share of financial news headlines in recent days.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
ADNFCR-2970-ID-19609359-ADNFCR
Now may be a good time to invest in gold coins.
- By John March
People who may want to invest in gold coins may have a window of opportunity to get in at a good price as a result of some recent momentum from the dollar in light of a shaky European Union financial situation.
In fact, a recent Reuters report says that gold is likely to remain high in the long term due to concerns over inflation and stability of paper currencies, but in the medium term is seen at more of a price plateau because the dollar's recent activity and a drop in demand for products like jewelry.
"We see a number of headwinds for investors in gold, most notably potential increases in rates. The opportunity cost of investing in commodities is going to be important," the wire service quoted analyst Daniel Major or RBS Banking & Markets as saying.
A number of mining companies are also seen as increasing their output, notes Reuters, in response to the upward trend in prices, but concern about falling prices should largely be eased by a trend of shaky currencies.
Fueling much of the concern about various currencies not linked to commodities will be sovereign debt levels, which have been earning a considerable share of financial news headlines in recent days.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
ADNFCR-2970-ID-19609359-ADNFCR
Subscribe to:
Posts (Atom)
