precious metals

Any metals that have high economic value might be considered precious metals. Some of the more popular precious metals include gold, silver, platinum, iridium, rhodium and palladium.

These metals hold an intrinsic value and are valued for their industrial applications. Of course, factors like supply and demand have an effect on gold price, silver price and platinum price and the prices of other precious metals.

Although gold is generally considered the most significant and valuable of the precious metals, the significance of each metal is often influenced by cultural factors. As an example, Japan places gold in lower regard than it does platinum.

In an effort to retain anonymity precious metals are often transferred by investors through the hawala banking system. Hawala banking is the most ancient of all money transferring systems, used for thousands of years primarily among African, Asian and Middle Eastern cultures. The private nature of the hawala system is what makes it attractive to investors.

Discussions amongst bloggers about precious metals, primarily using gold, silver and platinum as investment instruments, can be joined on sites like Gold Basics and RunToGold.com.

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Original Technorati articles tagged “precious metals”

• in Finance
  Silver 'busting a gut' to top $30 an ounce
  4 months of "in the green" for the silver market
  by thegreenage / on Dec 15, 2010

Latest blogosphere posts tagged “precious metals”

 

• Andy Hoffman – Another Gold Take Down With A Twist

  
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  from  Financial Survival Network Andy spent a sleepless Sunday night. He was watching another precious metals smackdown in the making. But then something funny happened. Gold and silver prices reversed their losses and started going up. The silver supply is still tight. Premiums on gold have stabilized but ...
  3 days ago

• Gold’s Best Day In 11 Months As Stocks Close Red – Only 8 Hours To Wait ‘Til Tuesday Though

  
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  zerohedge.com / by Tyler Durden / 05/20/2013 16:15 -0400 All major US cash equity indices closed an odd shade of ‘green’ today which some have called ‘red’ – though only marginally and Treasuries ended the day practically unchanged (with 10Y +1bps). But the real action took place away from these two ...
  3 days ago

• The Opening Bell: Where currencies start for Tuesday, May 21, 2013

  
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  Tweet By Dan Bell The NZDUSD opens at 0.8170 this morning. The USD weakened and ‘risk currencies’ such as the NZD & AUD rose overnight as the market pared back expectations that US Federal ...
  3 days ago

• Are the Predominant Macro Trends About to Reverse?

  
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  I felt a great disturbance in the Force -- Obi-Wan Kenobi If youve been watching the precious metals closely – what a day! Both gold and silver plummeted in overnight trading. And by "plummet," I mean the gut-wrenching vertically-straight-down kind of free-fall (silver was down nearly 10% over a matter of ...
  3 days ago

• Golds Best Day In 11 Months As Stocks Close Red - Only 8 Hours To Wait Til Tuesday Though

  
  ZeroHedge — Authority: 722
  All major US cash equity indices closed an odd shade of green today which some have called red - though only marginally and Treasuries ended the day practically unchanged (with 10Y +1bps). But the real action took place away from these two asset-classes. Precious metals were monkey-hammered at their open overnight but ...
  3 days ago

• Why Silver Prices Fell Today then Recovered in Wild Trading

  
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  If youre wondering why silver prices fell sharply Monday, it looks like the answers lie in Asia. Silver prices staged a sharp recovery Monday after volatile trading that took the white metal tumbling 9% in 10 minutes to $20.25 an ounce, a level not seen since 2010. The steep selloff followed a spike in the ...
  3 days ago

• A Simple Interpretation on Gold for Times of Monetary Madness

  
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  dailyreckoning.com.au / By Greg Canavan / May 20, 2013 Another day, another beating for the  precious metals . After  gold and silver  fell in New York trading on Friday, Asian futures markets have opened in a panic, with leveraged holders no doubt getting margin calls over the weekend. The result? Stump up ...
  3 days ago

• Gold And Silver Inverse Baumgartner’d

  
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  zerohedge.com / By Tyler Durden / May 20, 2013, 11:50 -0400, 12:15 -0400 UPDATE 1:  Chatter of a potential US downgrade from Moody’s is being blamed (but that news out hours ago) UPDATE 2:  Silver futures trading volume 82% higher than 100-day average While the mainstream media will likely be loathed to ...
  3 days ago

• Why Silver and Gold Prices Are Falling

  
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  Metals started the week in the red, leading investors to ask why silver and gold prices are falling today. Money Morning Capital Wave Strategist Shah Gilani joined FOX Business "Varney & Co." to answer that question. He told host Stuart Varney about the big trading move that pushed metals down today. ...
  3 days ago

• Marc Faber: U.S. Government Could Manipulate Gold Price Down, Make Illegal And Confiscate, Then Revalue At Much Higher Price

  
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  This morning, the Yahoo! Finance investing show Talking Numbers had Swiss-born investment adviser/fund manager Marc Faber on, and one of the topics discussed was gold. From the exchange between host Brian Sullivan and “Doctor Doom”: SULLIVAN: Would you buy gold if it continues to fall? Are you buying gold ...
  3 days ago

• Massive 55% drop seen in gold exploration – IntierraRMG

  
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  mineweb.com / By Lawrence Williams / May 20, 2013 With the recent weakness in metals prices – and in particular for gold – exploration activity has seen a big decline with precious metals the major affected sector. According to a new State of the Market report from research firm IntierraRMG, slumping metals ...
  3 days ago

• India Finance Minister Begs Citizens To Stop Buying Gold

  
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  zerohedge.com / By Tyler Durden / May 20, 2013, 10:02 -0400 While the overnight collapse in precious metals has been notably retraced, the media is unable to take its eyes off the ball that the status quo is shaking focusing on the demise and what that must mean for the future. Well, it seems, the Indian finance ...
  3 days ago

• Todays Video Update: Yahoo Bets A Billion

  
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  Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 20th of May. Yahoo Bets A Billion Marissa Mayer, president and CEO of Yahoo, is making a big bet today on a six year old company that is rapidly running out of money. Yahoo ...
  3 days ago

• Gold And Silver Inverse Baumgartnerd

  
  ZeroHedge — Authority: 722
  UPDATE 1: Chatter of a potential US downgrade from Moodys is being blamed (but that news out hours ago) UPDATE 2: Silver futures trading volume 82% higher than 100-day average While the mainstream media will likely be loathed to mention it, gold and silver are surging higher. Gold has retested $1400 and Silver ...
  3 days ago

• Deep sea ‘gold rush’ moves closer to reality

  
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  Exploiting precious metals on the ocean floor is an idea that has been considered for decades. A deep sea “gold rush” is a controversial new frontier for mining the ocean floor and it has moved a step closer to reality.  The United Nations has published its first plan for managing the extraction of so-called ...
  3 days ago

• Worthless Silver And A Lesson On Value

  
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  Worthless Silver And A Lesson On Value is a post from: Faithful With A Few . If you enjoy it, please subscribe to the Feed . A few weeks ago as I was having my daily devotion time with God, I came across a passage that caught my interest. In 1 Kings 10 , it describes the incredible wisdom and wealth of King ...
  3 days ago

• Gold Prices Dip, Silver Hits 2010 Low

  
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  NEW YORK (TheStreet) -- Gold prices were posting their eighth consecutive negative trading session as inflation fears continued to ebb, and as silver prices dipped to their lowest level since 2010. Gold for June delivery at the COMEX division of the CME was shedding $7.20 to $1,357.50 an ounce. The gold price traded ...
  3 days ago

• Gold Retraces Japan Liquidation Losses

  
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  zerohedge.com / By Tyler Durden / May 20, 2013, 08:51 -0400 We commented as it happened that last night’s jawbone-inspired flash-smash in USDJPY which triggered what was evidently a major liquidation in gold and silver at the margin was a buying opportunity for the precious metals and sure enough, gold has ...
  3 days ago

• Hong Kong Mercantile Exchange HKMEx Closes its Doors! No Gold or Silver to be given!

  
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  Hong Kong Mercantile Exchange HKMEx is surrendering all metal trades and will settle in cash! No Gold or Silver to be given! This is Super Huge news in my opinion! The Hong Kong Mercantile Exchange, which is the gold and silver commodities trading house in  Hong Kong is immediately stopping/discontinuing and will ...
  3 days ago

• India Finance Minister Begs Citizens To Stop Buying Gold

  
  ZeroHedge — Authority: 722
  While the overnight collapse in precious metals has been notably retraced, the media is unable to take its eyes off the ball that the status quo is shaking focusing on the demise and what that must mean for the future. Well, it seems, the Indian finance minister is very clear. Speaking in New Delhi P. Chidambaram ...
  3 days ago

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