Silver passed $30

Economist and precious metal traders have predicted its coming in the past weeks but never before in the history of precious metal trading did Silver performed at such phase that even bullish investors never anticipated its very early coming.Local precious metal buyers and dealers are not even aware that precious metals have elevated to such level in a single day.Before Silver reached $30, buyers were hesitant to stock precious metals due to last week volatile performance where Silver peaked at $29 before it dove to $26 level giving risk takers a definite advantage. Local numismatic organizations held auctions these past weeks and there so many...

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Oil & Gas In A Special Coin

The Malampaya Commemorative CoinThe Malampaya Gas production rig located near Palawan is the of the country’s pride in energy independence. Brought by the surging cost in oil importation, refining, and distribution, several exploration attempts in the early 80’s and late 70’s confirmed that the nation has a potential source of natural gas and oil.A study undertaken by University of the Philippines Professor Dante B. Canlas, the former chief of the National Economic and Development Authority (NEDA). Using natural gas royalties would cut power costs which may stimulate economic growth since it will make local industries more competitive.The Electric...

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Gold, Platinum Drop on Concern Recession May Lessen Demand on Metal

Gold futures fell on speculation a global recession will damp demand for precious metals and other raw materials. Platinum and silver also declined. Equities in Asia, Europe and the U.S. fell today. More than $28 trillion in value has been erased from global equity markets this year as banks have posted more than $920 billion in credit losses and writedowns. The Reuters/Jefferies CRB Index of 19 raw materials is down by almost a third this year. ``We're back to focusing on the recession,'' said Leonard Kaplan, the president of Prospector Asset Management in Evanston, Illinois. ``You're seeing a bear market in everything....

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High-grade gold, silver found in S. Cotabato

A Canadian mining exploration company has found high-grade gold and silver deposits at a mining site in T’boli, South Cotabato.Cadan Resources Corp., which operates the Tboli gold-silver project through Philippine affiliate Tribal Mining Corp., said the mine site might contain 584,000 tons of mineral deposits with 10.2 grams of gold and 50 grams of silver per ton.In September, the company estimated mineral resources at the site at 420,000 ounces of gold and 1.6 million ounces of silver. It pegged the grade at 5.5 grams of gold and 21 grams of silver per ton."The latest higher grade results continue to indicate that the Tboli gold-silver resource...

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Philippine Bullion Report: Demand in Gold and Silver Coins up

The "doom and gloom" predictions of many respected economic analysts caused a surge in demand for bullion coins. Even though the precious metal futures show that the figure is fluctuating. Some mints have already suspended selling their inventories, including the bullion coins from the United States.Basically, bullion coins have been proven effective as a street smart safe haven investment against inflation. The collapse of some of the bright economies around the globe triggered a panic buying that some people have already diverted their cash to solid investments such as bullion coins.Meanwhile in Europe, retirees instead of waiting for...

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GOLD & SILVER PRICES SOAR

The soaring prices of oil, food, and major commodities these days has a tremendous effect on the stocks of available silver and gold coins in the market. Prices have increased tremendously over the past few days since the reported major bank failures these past few weeks, as the INDYMAC BANK of California succumbed to bankruptcy after its shares went down, and the U.S. Treasury giving a warning that about an estimated 90 banks are on list that might suffer the same fate.Gold climbed to more or less than $15 a day, signaling that the escalation would either match or surpass the record held last March. Today, Gold is steady at $970 while silver...

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