Gold Market News

5.18.12 - Gold prices shot up near $1,600/oz. Friday on bargain hunting and safe haven buying. Dow's worst streak in 2012. Gold last traded at $1,591 an ounce, silver at $28.68 an ounce. Metals shine, Stocks sink

From the desk of Craig R Smith

By Craig Smith, 5.11.12-- On many recent radio interviews I have shared my opinion that the banks in America are in worse shape today than they were in 2008. I've pointed out that nothing changed after the painful lessons of just how much damage speculative trading, in an attempt to boost profits, can do to destroy bank capital.

  • Who: Swiss America Trading Corporation. A private firm of 75 strong, with 50 experienced account executives to serve you.
  • WHAT: Combined experience of over 500 years assisting our clients in building a strong portfolio of U.S. gold and silver coins.
  • WHEN: In 1982, Craig R. Smith (Founder and Chairman) started the company from the living room of his home with just $50.
  • WHERE: Located in Phoenix, Arizona. Clients worldwide, but primary focus is within the United States, working with Americans in all 50 states.
  • WHY: To educate and prepare you on how precious metals - in physical form - offer asset protection, security, profit potential, privacy of ownership and peace of mind to offset the liabilities of owning paper assets, particularly currencies like the U.S. dollar.

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Current Spot Prices

Gold$1592.93
Silver$28.74
Platinum$1455.50
 
 
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