Barry Stuppler

Utah has now become the first State on our list to actually enact a sound money bill into law.

On Friday, March 25th, Gov. Gary Herbert signed HB 317 the "Utah Legal Tender Act," into law.

The law recognizes gold and silver coins issued by the federal government as legal currency in the state. The coins do not replace the current paper currency, but may be used and accepted voluntarily as an alternative.

The law exempts the sale of gold and silver coins from the state capital gains tax, since you would simply be exchanging one form of legal tender currency for another. It also calls for a committee to study alternative currencies for the State and a means for Utahans to pay their taxes with gold and silver coins...

Mother nature, one could say, is the ultimate asset allocator over a long enough time span. Going by that notion, silver is very undervalued versus gold.

Silver is about 16 times as plentiful in the earth’s crust as gold, according to John Stephenson, author of the “The Little Book of Commodity Investing.”

According to the basic laws of supply and demand, especially given that the two metals are quite similar, the price gap between the two metals should be much smaller...

Today I’m flying back to Baltimore to host a major Political Fund Raiser for the Gold & Silver Political Action Committee. I’ll be speaking with a few legislators and political professionals for updates on some important rare coin and precious metal legislation and issues. (to learn more about the PAC click on the link below) www.goldandsilverpac.org As a result of today’s...

GOLDGold today closed at $1,422, down $8.40 for the day. Stronger-than expected economic growth in the fourth quarter in the United States, coupled with hawkish comments from some U.S. Federal Reserve officials that the Fed was unlikely to extend its bond purchase program, pressured Gold prices. A 14% increase in the first two months of 2011 for Russian gold production...

Rep. Ron Paul, R-Texas, has introduced a bill in the United States House of Representatives to repeal the legal tender laws, to prohibit taxation on certain coins and bullion and to repeal superfluous sections of the law related to coinage.

Rep. Paul is the chairman of the House Financial Services Subcommittee on Domestic Monetary Policy. His bill, H.R. 1098, was introduced on March 15. Rep. Paul describes himself on his Web site as a tireless advocate for “limited, constitutional government, low taxes, free markets, and a return to sound monetary policy.”

The short bill has four sections...

GOLDGold closed at $1,430.40, down $6.80 on narrow trading. Volume was light, taking direction from the U.S. dollar index (which had a short-covering rally) and crude oil prices (which were down on the day). The Chinese central bank said that inflation risks in economies internationally will support demand for gold, with prices for the precious metal likely to continue to...

Gold and silver remain supported by continuing macroeconomic and geopolitical uncertainty. Inflation, the European sovereign debt crisis, conflict in Libya and the wider Middle East and the nuclear disaster in Japan are all factors which will likely result in gold reaching new record nominal highs in all currencies sooner rather than later.

Gold and silver’s record highs yesterday were barely reported in the non-financial press and media yesterday which is another sign of the lack of animal spirits and popular participation in the bullion markets. One of many strong indications that gold and silver remain far from the speculative bubbles suggested by some.

The US dollar and Swiss franc are down 1% and 2.5% respectively so far on the week. While sterling and the yen have fallen nearly 2% against gold in the week so far...

GOLDGold reached an all-time High today of $1,449 in very active trading, closing the day at $1.438.10, up only $.90 for the day as we finally saw some profit taking from the day’s high. During 2011 Gold has traded from $1,319 an ounce to $1,449 per ounce. Believe it or not, Gold is only up 1% since the start of...

 The price of gold may hit $5,000 per ounce, nearly three times current levels, in three to four years, as demand from sovereign states, central banks and exchange-traded funds (ETFs) rises, the chairman of two Canadian gold mining companies said.

"Gold is used as insurance for bad governments," Rob McEwen, chairman and chief executive of Minera Andes Inc and US Gold Corp, told Reuters on the sidelines of the Mines and Money conference in Hong Kong on Wednesday.

Gold is traditionally used as a hedging tool against inflation and economic uncertainty. The yellow metal has also been a favorite investor hedge against loose monetary policies in the wake of the global financial crisis...

GOLD Gold is up $10.20 today, closing at $1,437.20 on active trading with excellent volume. Rob McEwen, chairman and chief executive of US Gold Corp, told Reuters today, that gold was in the middle of a super cycle that could end by 2015. He added that the length of the gold super cycle and the $5,000 forecast were based on...