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Amagi Metals Blog

  • Free Market Report 6/17/2013

    Gold Closing Price: $1,383.70 (-$6.70)

    Silver Closing Price: $21.83 (-$0.23)

    Both gold and silver fell a little, however the market did not move too much because it is waiting to hear from the Federal Open Market Committee (FOMC) meeting which starts tomorrow. The FOMC meeting will center around Quantitative Easing Indefinitely (QEI), and whether to continue with it or wind it down. For people who do not know, QEI, is the Federal Reserve pumping billions of dollars into the US economy to "spur" economic growth. Quantitative Easing has a big impact on the price of gold and silver, so we are all waiting to see what the Federal Reserve does in regards to QEI. What do you think is going to happen?

    In World News:

    On June 11th, over 10,000 people lined up in front of a gold shop in China to purchase gold: http://www.zerohedge.com/print/475266

    President Obama has imposed his 9th set of sanctions against Iran, this time directly attacking their currency: http://www.forbes.com/sites/jonmatonis/2013/06/17/government-of-worlds-reserve-currency-targets-iranian-rial/

  • Free Market Report 6/13/2013

    Gold Closing Price: $1,383.30 (-$5.40)

    Silver Closing Price: $21.77 (+$0.04)

    Again, not much change in the gold and silver price. There is a very big discrepancy between the institutions and individuals who are buying and selling precious metals. Many institutions are selling off precious metals left and right to raise cash for other investments and to meet margin calls. Individuals see the prices fall and are running out to hoard as much gold and silver as possible, causing many product shortages.

    U.S. stocks did very well today. The S&P had its biggest gain since January. Is that a sign of inflation or actual growth?

  • Free Market Sound Money Report 6/12/2013

    Gold Closing Price: $1,388.70 (+$10.00)

    Silver Closing Price: $21.73 (+$0.08)

    Still not much movement in the gold and silver markets. Both are up slightly, but the gains are very small. This is likely attributed to a weaker USD today.

    For those of you interested in liberty (free minds and free markets), you may be interested in the 10th annual Porcupine Festival (PorcFest), held by the Free State Project (FSP) starting on June 16th.

  • Free Market Closing Report

    Gold Closing Price: $1,378.70 (-$6.70)

    Silver Closing Price: $21.65 (-$0.26)

    Both gold and silver fell slightly, but not by much. The price of gold is heavily influenced by whether central banks, especially the Federal Reserve, will continue their expansionary monetary policies. At this time it is uncertain whether the Fed plans to continue it's easy monetary policy or end it at the end of summer.

    If they continue, this means they are expanding the monetary base, and essentially printing more paper. This drops the value of the USD, and pushes the prices of gold and silver up.

  • Free Market Report 6/10/2013

    Gold Closing Price: $1,385.40 (+$6.70)

    Silver Closing Price: $21.91 (+$0.34)

    Both gold and silver closed slightly higher. The silver/gold ratio is currently sitting at 63.23:1. Could silver be undervalued, or gold be overvalued?

    James Bullard, the president of the St. Louis Fed, spoke today about Quantitative Easing Indefinitely (QEI). With low inflation, QEI, will stick around, at least for the short term. The FED is still printing money like crazy, but inflation is low because the velocity of money is low, however the monetary base is still at all time highs.

    Economic data for China came out this weekend, most of which indicated that China's economy is slowing down.

  • Free Market Update 6/7/2013

    Gold Closing Price: $1,378.70 (-$33.30)

    Silver Closing Price: $21.57 (-$1.11)

    The dollar strengthened today, but both gold and silver closed lower. Gold had its biggest one-day drop in over three weeks.

    Unfortunately the French government has decided to ban the shipments of precious metals. This was not reported in the mainstream news. Because of this legislation, we no longer ship to France. We are sorry for all the people in France who are affected by this horrible decision.

    Employment was slightly higher than predicted. Go private sector! However investors do not believe the Fed will stop its rampant bond buying program, known as Quantitative Easing Indefinitely (QEI), until September at the earliest.

    Sadly, but not surprisingly, Obama defends secret internet surveillance of Google, Microsoft, Facebook, Apple, and other tech companies with the guise of thwarting terrorist attacks. How often is this excuse going to be used before individuals realize that we no longer have privacy?

  • Sound Money Market Update 6/6/2013

    Gold Closing Price: $1,412.00 (+$9.90)

    Silver Closing Price: $22.68 (+$0.16)

    Gold hit a high today of $1,423.22, and silver hit a high of $22.887 in the early afternoon, EST. The USD fell again today, and gold and silver rose slightly higher than yesterday. U.S. jobless claims decreased by 11,000 to 346,000.

    The European Central Bank (ECB) had a meeting today and said that they would not change their interest rates from the current 0.5 percent. Mario Draghi, the ECB's President said that the European Union's growth should stabilize and increase toward the end of this year. With interest rates so low, one wonders whether the growth is just nominal (equal to inflation) rather than real growth.

  • Market Update (6/5/2013)

    Gold Closing Price: $1,402.10 (+$3.90)

    Silver Closing Price: $22.52 (-$0.02)

    Gold and silver prices increased during Asian trading hours, but fell back down by the time the US Market closed. Gold and silver remain almost unchanged from the day before.

    U.S. stocks and U.S. dollar index fell today from worse than expected jobs data was released today. 135,000 jobs were added in May, much less than the expected 157,000. Between January and April, an average of 196,000 jobs a month were created by employers.

    The question we must all ponder now, will the Federal Reserve stop quantitative easing as they said they would, or delay this based on lower than expected job data?

  • Why One Gram Silver?

    Fractional silver is silver that has a weight value less than one ounce. This type of silver is important to own in your silver portfolio. For one, fractional silver diversifies your silver holdings. If you think of gold and silver as money, you would want different denominations of them. if you ever plan on using silver as money or barter in the future, then it is essential that you own fractional silver. Of course fractional silver does have a higher price. The main reason for this is economies of scale. Think of buying a can of Coca Cola at a convenient store vs. buying a two liter bottle at a bulk food store such as Sam's Club or Costco. So you do not want to hold all your silver as fractional, but it is good to have at least some fractional silver.

    We sell a large variety of fractional silver from one gram to half ounce silver rounds and coins. Another great benefit of fractional silver is education. One tenth ounce of silver costs much less than one ounce of silver. If you want to show people the value of sound money, or hard assets, as opposed to paper, then you can do so much more effectively and far reaching by showing them, or giving them, a gram of silver than an ounce of silver. We like to carry some silver in our pockets, and whenever we can, take it out to show people and talk about the benefits of alternative competing currencies, sound money, and financial responsibility.

    One of the unique products we offer, and at the lowest prices, are one gram silver rounds or bars of your own design. You can have a one gram silver bar or silver round with any design of your choosing on both the obverse (front) and reverse (back) of the silver. It's great for marketing or promoting yourself, an idea, or a company! You can have them made for a wedding, as a business card, baby showers, speaking events, business trade shows, just to name a few. There is a lot of potential for the one gram custom designs.

    To stamp an image onto a silver round or bar, we need to make what is called a die. The die is made of steel and has the image engraved onto it. It is pressed into the silver to create the round or bar with the image on it. It takes between 15-25 days after you send us the images that you want on the silver to create the die, stamp the silver and ship them out to you!

    To find out more about our custom 1 gram silver products, please click here for the product listings.

  • Amagi Metals Video Contest - What Do Americans Know About Money?

    Do Americans value gold and silver? Do they know what inflation or the Federal Reserve is? Have they ever heard of Ben Bernanke? We're not sure, but we want your help to find out!

    Amagi Metals is launching our “What Do Americans Know About Money” Video Contest. The winner will receive five (5) ounces of silver from silver coins, rounds, or bars of their choice. For those of you who don't know, that's about $125 in silver at today's price.

    To enter, all you have to do is create a minimum one minute long video answering the question What Do Americans Know About Money? Participants have a month to enter into the video contest. The winning video will be based on creativity and how well the message is conveyed.

    Steps:

    1. Create awesome video.
    2. Upload the video on or before June 30th to YouTube with The Title “What Do Americans Know About Money,” and be sure to enter in the description that this is a video contest for Amagi Metals at www.amagimetals.com. Email the URL of the video to video@amagimetals.com, or post it in the comments below!
    3. On July 5th tune in to our YouTube channel where we will announce the winner of the video contest!

    Rules

    • The video must be produced with original content.
    • The video must be a minimum of 1 minute and must contain audio and video.
    • Please do not harm baby seals, alpacas, or any other animals for the creation of your videos.
    • video contest

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