Tag Archives: Silver

By Michael Pennington © Copyright 2010 Pennco Coins That’s a tough question. In general, I think silver still has the most upside potential at this point. But the silver-to-gold ratio – since August – has essentially dropped from about 70-to-1 … Continue reading →

By Michael Pennington © Copyright 2010 Pennco Coins This week is a special for all Americans as we celebrate “Thanksgiving Day” with our families. It is probably my favorite holiday of the year, as we take time off to thank … Continue reading →

By Michael Pennington © Copyright 2010 Pennco Coins As of Thursday, November 4, the United States Mint had sold more American Silver Eagle bullion coins in 2010 than in any other year of the coin’s history. U.S. Mint buyers ordered … Continue reading →

By Michael Pennington © Copyright 2010 Pennco Coins Economists agree… The Fed’s out-of-control printing press guarantees the dollar will soon crash. You have to keep in mind that the Fed is in the business of creating inflation. It’s their goal. … Continue reading →

By Michael Pennington © Copyright 2010 Pennco Coins I’m always looking for reasons why gold and silver will be driven higher in this market. Recently, Sprott Asset Management announced they were starting a new Silver ETF. The reason this is … Continue reading →

By Michael Pennington © Copyright 2010 Pennco Coins I have warned readers before about the “coming” volatility; well we are now here! This is especially true for Silver due to numerous reasons. Future volatility will probably even escalate. The primary … Continue reading →

By Michael Pennington © Copyright 2010 Pennco Coins Japan initiates its own QE – It’s official. The Bank of Japan last week announced specifics for direct purchasing of Japanese exchange traded funds (ETFs) and real estate trusts (J-REITs). As part … Continue reading →

By Michael Pennington © Copyright 2010 Pennco Coins Drudge reported late Sunday night that Robert Zoellick, President of the World Bank, suggested that world economies should consider adopting a modified Gold standard to guide future currency movements. Mr. Zoellick, a … Continue reading →

By Michael Pennington © Copyright 2010 Pennco Coins How does the Fed print money? It’s easy; they simply buy bonds from the market and credit the seller’s bank account with electronic cash that comes out of thin air. When they … Continue reading →

By Michael Pennington © Copyright 2010 Pennco Coins Last week several people asked what does “QE2” mean? Simply put, it means printing money. On Wednesday last week the FED announced it will be printing approximately $600 billion in new money … Continue reading →