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Weekly Market Wrap

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October 5, 2012 Radio Release - Listen Now

October 5, 2012 Radio Release - Listen Now

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Don't want to listen? Read the podcast below!

Announcer:

Welcome to Money Metals Exchange's weekly market wrap podcast. Helping precious metals investors during these treacherous times. Now, here's this week's market wrap with commentary and analysis from the fastest growing precious metals dealer in America, Money Metals Exchange.

Mike Gleason:

Welcome back everyone... I'm Mike Gleason.

Precious metals got a boost on Thursday when the Federal Open Market Committee released minutes from its early September meeting. Of course, that's the meeting which triggered a massive new wave of money printing called QE3.

Both gold and silver prices are hovering at key breakout levels at the moment. Gold fell slightly on Friday morning after the release of a better-than-expected employment report, but it's still trading near $1785. Silver is steady at just under $35 an ounce.

Those Fed minutes revealed that a majority of policy makers favor so-called "numerical thresholds" for unemployment and inflation. And what does that mean?

Well, translated into plain English, it means Ben Bernanke and Company are likely to keep pumping cash into the financial system as long as government statistics show unemployment at greater than 7 percent – and as long as price inflation does top 3 percent...

Those figures come from Chicago Federal Reserve Bank President Charles Evans, the man who dreamed up the QE3 plan in the first place.

By the way, Evans now says that the Fed should DO EVEN MORE!

Meanwhile, that 3 percent inflation number is calculated based on the Fed's favored measure: the Department of Labor's core inflation number, or core CPI, a dubious measure that even excludes food and energy.

By the time core CPI exceeds 3 percent, real-world inflation could be triple that figure!

Last month, the Fed made it clear that there is no upper limit to how much stimulus it will inject to prop up the economy. And that means that there is no lower limit to how much the value of the dollar can fall.

So here's the bottom line folks.

Owning gold and silver bullion may be your only protection in today's environment of ruinous debt and economic stagnation. Limitless currency depreciation appears to be the only tool authorities will employ to confront the messes we're in.

And, as a result, precious metals will help you protect and potentially grow your wealth during these treacherous times.

At Money Metals Exchange, we continue to warn against owning risky gold and silver derivatives, such as the Exchange Traded Funds – or ETFs – and steer clear of those high-premium numismatic coins that are so commonly peddled by rare coin companies and their high-priced TV celebrities.

And speaking of that, I'm gratified that our sharply worded warnings to the public have been making the rounds on the Internet. This week, an impressive Youtube video – based entirely on our latest market update – received thousands of views in just a few days.

We've linked this video to the podcast page at MoneyMetals.com, and we'll also play the audio – in its entirety – to close out this week's podcast. I think you'll enjoy listening to it.

In terms of "what's hot" at Money Metals Exchange right now – we still have a limited number of one-tenth ounce and one-quarter ounce 2012 gold Kangaroos at steep discounts.

Australia's Perth Mint made these available to us because they want to clean out some inventory before they release the 2013 coins. We'll pass along these savings to you IF you act before they run out.

If you haven't purchased any gold products from the world-renowned Perth Mint – you're really missing out. Everything they mint is first rate – beautifully struck with point 9-9-9-9 purity, and individually encapsulated in clear hard-plastic capsules to ensure safe keeping and storage.

Now compared to the fractional American Gold Eagle bullion coins – these Australian Kangaroos will cost anywhere from 3 to 5 percent LESS, depending on the order amount.

And in the case of the one-quarter ounce Kangaroo – you can get some of these for nearly the same small premium over the gold melt value as some of the popular one-ounce sized bullion coins on the market...

..when you can get fractional gold coins that close to the spot price of gold, it definitely make senses.

So you may want to "hop to it" and "jump" on this limited time Kangaroo special while you still have the chance! Just give one of our specialists a call at 1-800-800-1865 for current pricing and availability.

Thanks for listening. This has been Mike Gleason with Money Metals Exchange reminding you that we are fully committed to getting you most metal for your depreciating dollar – with speed, with privacy, and with top-notch service.

Have a great weekend everybody.

Announcer:

Thank you for joining us for this edition of the Money Metals Exchange Weekly Market Wrap. Be sure to come back next week, and don't forget to subscribe to our weekly podcast through iTunes. For answers to all of your questions, or to discretely and securely buy or sell gold or silver coins, bars, and rounds, call 1-800-800-1865. Our knowledgeable and no-pressure specialists are standing by between 7:00 a.m. and 5:30 p.m. mountain time, Monday through Friday. Visit us at www.MoneyMetals.com or call 1-800-800-1865.

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