The Benefits of a Cost Average Program in the Silver Market

One way to reduce the risk in investing in silver is to use a strategy known as cost averaging. This strategy breaks up a large lump sum investment of silver into smaller purchases made at regular intervals. This strategy reduces the risk of a substantial loss should silver experience a dramatic fall in price.

This strategy also helps reduce the average cost of an ounce of silver by purchasing more silver when prices are down and less when prices are up. When the entire amount to be invested is finally in silver, the average cost per ounce will be less.
Consider the following example:
Let’s assume that you want to purchase 7000 oz of silver and you start buying when silver is around $20 an ounce. But, the price of silver starts falling over the next few years to a low of $8.00 an oz. Fortunately, you decided to buy under a cost […]

By |June 17th, 2015|Categories: Invest in Silver|

Captain Kidd Gold & Silver Pirate Treasure Found

Ocean divers discovered what they believe to be the gold and silver treasure of seventeenth century Scottish pirate William Kidd in the seas off the shores of Madagascar. The divers were able to bring to the mainland an impressive fifty kilogram silver bar worth a reported $26,000. The massive silver bar was discovered near the coast of the island of Sainte Marie from what is believed to be the wreck of the galley ship known as Adventure. The historically significant silver ingot from the Captain Kidd pirate treasure was then presented to the President of Madagascar at a special event to commemorate the remarkable discovery.

Captain Kidd, considered one of history’s greatest and most successful pirates, had amassed a fortune through pillaging and looting estimated to be worth $12,000,000 in today’s dollars. His gold and silver treasure was discovered by a team of divers led by American archeologist and explorer Barry […]

By |May 6th, 2015|Categories: Gold News, Silver News|

Royal Mint Introduces £5 Princess Coin

The Royal Mint presented the design of the new £5 gold and silver coins which commemorate the birth of the second child of the Duke and Duchess of Cambridge
By |May 4th, 2015|Categories: Rare Coin News|

1880 Coiled Hair Stella $4 Gold Coin Sells for Nearly $2 Million

A rare coin collector paid $ 1.82 million for an 1880 four dollar Coiled Hair Stella gold coin at a Heritage Central States Numismatic Society convention last week.
By |May 1st, 2015|Categories: Rare Coin News, Rare Coins Auctions|

Gold Trades Back Over $1200

Gold enjoyed a strong bounce on Monday to once again reach the technically and psychologically important $1200 an ounce price level. The usual suspects were involved. Traders protected themselves with short coverings. Bargain hunters displaced money from the cash markets to cover short market risk and buy at what is perceived to be value levels. Safe haven demand contributed as well, as traders and investors remain skittish over valuations in paper assets such as equities and bonds.

The surge on Monday made sense as gold hit a five week low on the previous Friday. The ongoing Greek debt crisis gave solid reason for safe haven buyers to accumulate gold at the depressed levels reached last week. U. S. dollar weakness also contributed to the rise in gold prices as the yellow metal rose over $30 to north of $1210 an ounce. Silver bounced nicely as well, and is now trading at over […]

By |April 29th, 2015|Categories: Gold News|