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Precious Metals Market Update
February 6, 2012 – Precious metals headed into February on a load of steam after posting their best January performance in years. For the month, gold gained 11.1%, while silver rocketed 19.3%!
The metals were probably due to take a breather, and they got a mild one last week. The price of gold fell less than 1% from the prior week to close at $1,727/oz. Silver was down less than $0.30 to close the week at $33.70/oz. Platinum settled at $1,626/oz, essentially unchanged from last week.
Meanwhile, the big winner in precious metals was palladium, as it escaped the downward pressure that forced the other metals lower on Friday (a day when gold was down nearly 2%). Palladium rose $30 for the week to close at $711/oz. It was the first weekly close above $700 for palladium since mid September.
All the metals opened slightly lower this morning.
Following the prior week's strong gains in both gold and silver – rallies driven mostly by the Fed's announcement on Jan. 25th to keep short-term interest rates at zero percent all the way through 2014 – the metals had been moving higher most of the week.
But Friday morning's U.S. employment report pushed equities higher and metals lower, as the "risk on" trade found favor once again.
While the headline unemployment number fell, more than a million workers were removed from the rolls, largely because they had given up on finding work. But despite this dismal news, short–term-oriented market participants tend to focus on the government's bogus numbers, which in this case show signs of economic recovery. As a consequence, price softness in the precious metals may persist for a few more days.
Free Precious Metals Quarterly Now Available
Independent Living Bullion has just released the Winter 2012 edition of Precious Metals Quarterly, an insider report on the market for physical gold and silver. You can personally access all the great FREE articles right here.
Here's an overview of this quarter's highly informative newsletter:
Premiums & Buying Trends
Like other precious metals dealers, Independent Living Bullion has experienced sluggish sales volumes (despite the higher prices) in recent weeks. Larger buyers have tended to dominate. Premiums on coins, bars, and rounds were fairly stable, but did fall slightly once again on pre-1965 90% silver coin bags, as more sellers meant more supply of this no-longer-minted product.
As a reminder, the recently introduced minimum bag size on the 90% silver coins presents customers with a lower entry point into this highly recommended form of silver. The $50 face value bag (containing 35.75 oz of silver) can now be bought at prices under $1,300. Check out the junk silver product page on the Independent Living Bullion website for up-to-the-minute pricing.
We Buy Back Too!
We want customers to know that Independent Living Bullion is here to buy back gold, silver, platinum, and palladium in the common bullion forms. We certainly don't advocate selling at this time, as we think the bull market in metals has years left to run. However, if you decide to sell for whatever reason, we can lock a price with you right over the phone, deliver a purchase order to confirm the transaction, and send your payment promptly after we receive the metal.
You will find we are as easy to deal with when you sell as we are when you buy! Just call 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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