Newsroom

Memo to All Retail Dealers

March 18, 2009

The downward turn in the prices of Gold, Silver, Platinum and Palladium earlier this week (Monday, Tuesday & Wednesday through to the NY Close at 1:30 p.m.) has been caused predominantly by the upward price movement of the Dow, Citi, Bank America, and Wachovia.

Today’s lows for Silver $11.89 and Gold $882.70 surely must have had all wondering and perhaps even disheartened.

We have consistently been advising that Precious Metals are for the “Long Term” and that the maintenance of staying power is the key to Long Term profitability.

We have also suggested to all that with all of the woes of the World’s Financial Markets, and Banking institutions, that “inflation’ and perhaps even, God forbid, hyperinflation is just around the corner.

Well for the first time the Fed actually;

1. Came to the Rescue of Precious Metals Prices and;

2. Have clearly shown they are turning a blind eye, or perhaps purposefully using inflationary tactics to bring about a recovery.

1. Today the Federal Reserve took steps to almost double its balance sheet to THREE Trillion dollars by

2. Adding an additional 750 Billion to purchase Mortgage backed securities.

3. Stating they will purchase 300 Billion in Long Term Treasuries over the next 6 months; and

An additional 100 Billion in agency debt bring the total to 200 Billion.

Their actions announced at 2:15 pm NYT caused the following

1. An immediate across the board downturn of the US Dollar against all major currencies.

2. An immediate an dramatic rebound in the prices for Gold and Silver ($48.00 up on Gold and .78¢ up on Silver within a matter of 5 minutes)

All we can say is “Inflation, Inflation, Inflation”. All Precious Metals Owners have to do is Hold on and enjoy this Long Term Ride.

Trading Department – Precious Metals International, Ltd

Memo to All Retail Dealers
Posted by Worldwide Precious Metals on Wednesday, March 18, 2009

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Fill Prices may vary based on actual time orders are placed and confirmed. All orders are Final and Subject to Terms and Conditions of the Customer's Account Agreement with Precious Metals International, Ltd. All Fabricated Products for Home Delivery are quoted, basis specific product, quantity and delivery destination at Time Orders are placed and confirmed. Retail Dealer Prices may vary.