There are more than a few heads spinning as a result of the current tremors in the commodities market. You may be asking if now is the time to buy, sell or stick to using your AOCS Approved medallions as an exchange/barter vehicle. As long as the market is headed towards a more accurate reflection of the true value of silver, then the best advice may well be to grab as much silver as you can and hold on to some and trade with the rest. Obviously you want to have the greatest amount of buying … [Read more...]

Dollar stability took another slight hit yesterday as it was reported by Bloomberg.com that China and Russia will begin trading the yuan and ruble directly. To date conversion into US dollars has been a required step in the process. Now, as these producing nations move toward greater efficiency in direct trades, the dollar will lose another position of significance. You can learn more about the planned transition by reading the article at Bloomberg.com. Here's a sample... Yuan Trading … [Read more...]

Fed chairman, Ben Bernanke, appeared before the Financial Crisis Inquiry Commission yesterday and has been acknowledged for his conciliatory tone. As the New York Times translated it, "...he was worried at the time about contributing to panic in the markets." And while it might be viewed that the central bank chief did concede that he failed to produce an effective solution, he put some spin on the ball stating that it was the result of "...failing to make it clear to Congress at a hearing … [Read more...]