News
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February 04, 2014
Michael Kosowan of Sprott Global, contributing his thoughts at the Cambridge Resource Summit in Vancouver on January 20th, comments that the ‘bonfire of the juniors’ has yet to occur. In brief, junior mining companies are, collectively, in serious financial trouble, and much of the credit extended to these junior miners will not be renewed in 2014. Furthermore, a near term rise in the price of gold will be "too little, too late" to salvage many of the marginal players in the industry.
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January 21, 2014
Dear TexMetals customers,
In a continual effort to lower costs for our customers, we are excited to announce that we are lowering our threshold for free shipping from $6000 to $5000 effective January, 27th. Among the many reasons for the change is the introduction of the new Texas Silver Round mini-monster box which, barring a large drop in silver prices, will consequently ship for free like other monster boxes.
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January 17, 2014
NOTICE: The US markets and most commercial banks will be closed on Monday, January 20th for the Martin Luther King holiday. Our offices will also be closed. Clients may continue to place orders online even though the markets will not be trading. We will reopen Tuesday, January 21st.
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January 17, 2014
Gallup just released a new poll showing that 42% of Americans claim that they are worse off financially than they were a year ago. The trend is rising, despite record levels in the stock market. Yet, more Americans are optimistic that their fortunes will improve in the coming year.
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January 14, 2014
Every year in January, precious metals enthusiasts tout the "record demand" for Silver Eagle Coins. The US Mint released 3.1M Silver Eagle coins this week to much fanfare. Occasionally, the demand is the result of consumer interest, but sometimes the demand is not correlated to mass market interest at all. We will attempt to dispel the hype and hone in on the facts:
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January 09, 2014
Apparently, the TexMetals marketing team spent far too much time watching movies over the holidays. The net result is this 3-minute mashup of movie clips addressing the US Debt Problem. Enjoy!! (and share with friends . . .)
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December 31, 2013
What a remarkable year it has been for the markets, the precious metals industry, and for Texas Precious Metals. Thank you to our valued customers who have helped us build our business into one of the fastest growing private companies in America, let alone the industry.
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December 17, 2013
We received our latest copy of Fortune Magazine at the office this week. Surprisingly, the front cover featured gold (of all things barbarous) on Fortune's 2014 Investor's Guide. The various sections of the Investor's Guide were introduced with pictures of gold. Contrariwise, in a cosmic twist of great irony, none of the investors featured in the magazine actually mentions gold as an investment to consider for the coming year. In fact, gold is not mentioned anywhere in the magazine at all! What is the message here?
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December 16, 2013
Check out the new Granger Smith video. The opening shot in the video was filmed at our offices in Shiner, Texas. Fun video, beautiful Texas scenery, and nice shooting at the end!
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December 12, 2013
From the imagination of Chris Kaspar on our Marketing Team . . .