• Silver and Gold Prices Bounced Back Today Both Rising Smartly


    Gold Price Close Today : 1391.30
    Change : 12.40 or 0.90%

    Silver Price Close Today : 22.445
    Change : 0.265 or 1.19%

    Gold Silver Ratio Today : 61.987
    Change : -0.182 or -0.29%

    Silver Gold Ratio Today : 0.01613
    Change : 0.000047 or 0.29%

    Platinum Price Close Today : 1451.80
    Change : -8.80 or -0.60%

    Palladium Price Close Today : 747.80
    Change : -9.20 or -1.22%

    S&P 500 : 1,648.38
    Change : -0.12 or -0.01%

    Dow In GOLD$ : $227.37
    Change : $ (3.64) or -1.58%

    Dow in GOLD oz : 10.999
    Change : -0.176 or -1.58%

    Dow in SILVER oz : 681.79
    Change : -12.95 or -1.86%

    Dow Industrial : 15,302.80
    Change : -106.59 or -0.69%

    US Dollar Index : 83.67
    Change : -0.576 or -0.68%

    After yesterday’s attempt to break silver and GOLD PRICES, both bounced back smartly. Gold bounced back to the top of its range ($1,395) but the SILVER PRICE only reached 2246.8c. Still, it closed near its high. Gold price closed $1,391.30, up $12.40 and silver price closed up 26.5 cents at 2244.5c. GOLD/SILVER RATIO dropped to 61.987.

    US dollar index lost 0.8%, 61.1 basis points, to 83.633. Combined with a sharp rise in the yield on the 10 year Treasury note, that ought to send Ben the Beneficent reaching for the aspirin — or the Scotch. Rising yield attacks his ZIRP (Zero Interest Rate Policy) and presses the dollar’s price downward. flight from the dollar is Ben’s worst nightmare.

    Stocks faded 0.7% today, choking on their own success. Looks like a downleg has begun.

    The Moneychanger is finishing up his monthly newsletter for paid subscribers today. I will return tomorrow, God willing, with his usual verbose commentary.


    French and Swiss twenty francs.

    In 1865 came the first attempt to give Europe a single unified currency with the Latin Monetary Union. France, Belgium, Italy, and Switzerland agreed to a standard currency of 4.5 grams of silver or 0.290322 gram of gold. Thus was born the 20 franc coin (0.1867 troy ounce fine gold), which became one of the most common and widely used denominations in the world. Later Spain, Greece, Romania, Bulgaria, Venezuela, Serbia, and the Austro-Hungarian Empire employed the same standard. Twenty francs are so common, in fact, that in World War II and the Viet Nam war they were packed in US pilot’s survival packs.

    We bought a large lot of mostly Swiss but some French twenty francs, all types, from the older French Napoleon III to Roosters. Some may look uncirculated, but some are circulated. Full gold content is there.

    I will sell SWISS 20 francs in lots of Ten (10) coins each, at $274.50 each or $2,745.00 + $35 shipping = $2,780.00 per lot. At $1,391.30 spot gold, that’s a 5.7% premium over gold.

    Lots of Ten (10) each FRENCH 20 francs, my choice of types, I’ll sell at $272.50 each or $2,725.00 + $35 shipping for a total of $2,760.00 each. With spot gold at $1,391.30, that’s a tiny 4.9% premium over gold.

    If you order more than one lot, add only one $35 shipping charge.

    Limit Fifteen (15) lots per customer.

    Sorry, we can’t mix coins within a lot. You may order two lots, one of ten Swiss and one of Ten French, but not a single lot of five Swiss and five French.

    All lots are sold subject to the special conditions below, no exceptions. No re-orders at these prices.

    Special Conditions:

    If I have miscounted my inventory and come up short, the LAST person to order will receive fewer coins, at a price reduced to reflect the smaller quantity.

    First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail.

    We will not take orders for less than the minimums shown above.

    All sales on a strict “no-nag” basis. We will ship as soon as your check clears, but we allow Two weeks (14 days) for your check to clear. Calls looking for your order two days after we receive your check will be politely and patiently rebuffed.


    1. You may order by e-mail only to offers@the-moneychanger.com. No phone orders, please.

    Your email must include your complete name, address, and phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee.

    Repeat, you must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and we can no longer read your mind.

    2. When you buy from us, we cannot later change or cancel the trade. We are giving you our word that we will sell at that price, and you are giving us your word that you will sell at that price, regardless what later happens in the market, up or down.

    If you break your word to us, we will never again do business with you.

    3. Orders are on a first-come, first-served basis until supply is exhausted.

    4. “First come, first-served” means that we will enter the orders in the order that we receive them by e-mail.

    5. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled.

    6. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours.

    7. “No Nag Basis” means that we allow fourteen (14) days for personal checks to clear before we ship. Want your order faster? Send a bank wire, but that’s not required. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you’ll see your order in about one month if you send a check.

    8. Mention goldprice.org in your email.

    Argentum et aurum comparenda sunt — — Gold and silver must be bought.

    – Franklin Sanders, The Moneychanger
    10:00am-5:00pm CST, Monday-Friday

    © 2013, The Moneychanger. May not be republished in any form, including electronically, without our express permission.

    To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold’s primary trend is up, targeting at least $3,130.00; silver’s primary is up targeting 16:1 gold/silver ratio or $195.66; stocks’ primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

    WARNING AND DISCLAIMER. Be advised and warned:

    Do NOT use these commentaries to trade futures contracts. I don’t intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

    NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

    NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

    NOR do I recommend buying gold and silver on margin or with debt.

    What DO I recommend? Physical gold and silver coins and bars in your own hands.

    One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don’t.

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