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Precious Metals Market Update
January 30, 2012 – Precious metals surged dramatically last week, responding to an announcement from the Federal Reserve. The Fed indicated that it will maintain interest rates at essentially zero through at least 2014 and print more money through its new policy of "inflation targeting."
Gold gained $72.00 (4.3%) with a Friday close at $1,740/oz, and silver gained $1.76 (5.5%) to close at $33.99/oz.
Platinum continued its recent gains, adding another $86 (5.3%) to close at $1,627/oz. Platinum prices have soared $220 (15.7%) since Jan. 9th. Palladium had another "up" week, gaining $11/oz (1.6%), but lagged relative to the gains of the other metals.
From a chart perspective, even though the precious metals complex has pulled back somewhat this morning, gold and silver have held above important barriers at $1,700 and $32.50 respectively. The next area of price resistance for gold appears to be at the $1,750 level. Silver could find a little resistance around the $34 level, but it appears the next significant challenge will be topping $35.50.
Ben Bernanke Gooses the Market Yet Again
The Federal Open Market Committee held its first meeting of the year last week. In Ben Bernanke's post-meeting remarks on Wednesday, he promised to maintain the current Zero Interest Rate Policy (ZIRP) through the end of 2014 – extending a year beyond previous commitments.
Bernanke also re-asserted that the Fed stands ready to purchase more bonds. No surprise – the Fed has already proven itself to be more than willing to create any amount of digital money needed to buy U.S. Treasuries and pursue the failed policies of stimulus and currency devaluation.
All of these recent developments are bullish for the precious metals.
Announcing Availability of $50 Bags
of Pre-1965 Coins Premiums fell slightly on some retail bullion items last week, including pre-1965 silver coins, silver Maple Leafs, and some fractional gold coins such as the ½ ounce American Eagle.
A reminder: 2012 silver American Eagles have arrived in inventory! We still have the 2011 variety coming in as well, so please make sure and let us know if it is important to you to have the 2012s when you order.
Additionally, Independent Living Bullion is now pleased to announce a new reduced minimum bag size on the pre-1965 silver coins. The new $50 face value bag (containing 35.75 oz of silver) can now be bought for less than $1,300. Check out our junk silver product page for up to the minute pricing.
Call Independent Living Bullion to Buy or
Sell Precious Metals Coins, Bars, and Rounds – 1-800-800-1865. Dump the Shady
Banking Cartel: Adopting Your Own Personal "Gold Standard" Is Easier Than You Think...
Unless you already have a systematic plan to diversify your assets out of the shrinking U.S. dollar (and few do) –
you NEED to jump on this information right now... Dear [~FirstName~],
Today I'd like to share with you a simple plan we've created to help you safely and methodically increase your personal level of asset protection using gold and silver bullion.
Frankly, it's vital you start shifting a portion of your assets into the safety of physical gold and silver IMMEDIATELY.
Even the government's own rigged inflation numbers now confirm that $100,000 sitting in a conventional no-yield savings account loses roughly $3,400 in purchasing power every year. That's one heck of a "reward" for having built up and socked away that much cash. And the inflation numbers could soon worsen!
In stark contrast, over the last 12 months, an equivalent $100,000 holding in gold would have gained $16,400, even after taking into account the price weakness seen in late 2011. Over 24 months, a gain of $43,500. And over 36 months, a $82,500 nominal gain!
All the corrections, market manipulation, and other noise aside, central banks continue to paper over global economic problems by creating currency units (dollars, euros, etc.) like there is no tomorrow. You had better act quickly to secure a substantial position in precious metals and implement a plan to grow it over time...
In a matter of just a few minutes, I can help you protect your money from being eroded away. It's actually quite simple to adopt your own gold (and silver) standard!
Introducing Independent Living Bullion's
Monthly Silver and Gold Accumulation Plan Our Monthly Silver and Gold Accumulation Plan is designed to enable you to get the most precious metals for your paper dollar – month in and month out. And because dollar-cost averaging is built right into the plan, you smooth out some of the volatility that naturally occurs in gold and silver prices over time.
"The Monthly Accumulation Plan gives you the discipline necessary for good management of your resources."
– Stuart L., an ILB customer, Washington state By participating in Independent Living Bullion's Monthly Gold and Silver Accumulation Plan, you can ride the precious metals bull market without the stress of trying to precisely time the market. In addition, you can claim up to two-thirds off our standard shipping and insurance rates and even some free silver – just for signing up!
Simply complete your enrollment and look forward to hassle-free precious metals investing, because everything is automatic. You establish a monthly purchase date of your choosing and just let things run on autopilot, until you decide you want to make a change. If you're still relatively new to precious metals, the Monthly Accumulation Plan allows you to get your feet wet and enter the market safely and smartly. It takes the emotion out of it.
Listen to what Independent Living Bullion customers have to say about our Monthly Silver and Gold Accumulation Plan:
High Satisfaction, Professional
and Courteous Staff "As a member of your Monthly Accumulation Plan, I am very satisfied with your company. All my contacts with your staff have been professional and courteous. You are my Favorite!"
– Richard G., Washington It's So Excellent I Told All My Friends...
"I have had excellent experiences in dealing with Independent Living Bullion personnel. I have made many referrals and two of my referrals have enrolled in the Monthly Accumulation Plan."
– Michael F., New York The Best Way to Buy Silver!
"I consider the Independent Living's Monthly Accumulation Plan to be the best way to buy silver."
– Tim P., Texas Cold, Hard Precious Metals
with a Big Smile "I have been in the Monthly Accumulation Plan for approximately 5 months and I have made 2 separate orders. So far, I have been pleased with the specialists and all the other people I have spoken to on the phone. Everyone acts very professional and courteous! (Some have a great sense of humor!!)"
– Mark C., New York The minimum to get started is only $150 a month. This amount fits most budgets, yet it's meaningful enough to grow a nice stash of cold, hard gold and silver in just a few months' time.
When you receive your first shipment of gold and silver under this program, you'll quickly realize the Monthly Accumulation Plan enables you to accomplish even more...
Most importantly, you are in complete control of your Monthly Gold and Silver Accumulation Plan. If your personal asset protection goals become more ambitious, you can raise your purchase amount. You can adjust it each month, put it on hold, or cancel at any time. You may purchase gold or silver – or purchase both.
It only takes 2-3 minutes to enroll, and if you join the program today, I'll send you a half-ounce silver round, FREE!
If you don't like to fill out forms or simply want to talk to one of our precious metals specialists, call us toll-free at 1-800-800-1865. We'll be glad to fill out the form per your instructions and send you a copy for your verification.
No bank account or credit card is even required to get started (unless you prefer). We can certainly just invoice you each month. Most folks, however, prefer to have their bank account debited for a fixed amount each month because that way purchases happen automatically and on schedule.
Hundreds of satisfied Monthly Accumulation Plan customers agree that Independent Living Bullion's system is safe, secure, and gives them the combination of control, easy accumulation, and automatic dollar-cost averaging that they can't find anywhere else.
Create your account today by filling out this simple online form, get on your own gold and silver standard, protect your buying power, save in real money... and pick up the free half-ounce silver round as a special bonus!
Earnestly,
![]() Stefan Gleason, President Independent Living Bullion American Lantern Press
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